vpFREE2 Forums

Who is this?

4b. Re: Who is this?
Date: Thu Sep 16, 2010 10:37 pm ((PDT))
>During the WSOP a couple years ago, TJ cashed pretty
big in a WSOP event at the Rio. That same evening, I
saw him in the Bellagio poker room asking to borrow $10K so
he could play in a cash game.
>
>It's very hard to avoid all "leaks" when gambling is
your full-time job. It's only my third job and, for
better or worse, I never win enough to afford any outside
leaks. Perhaps not coincidentally, no one has ever
volunteered to stake me. :slight_smile:

Big winners are usually paid by check, which likely was not yet converted to usable funds -- possibly he was "staked" in the tournament and had some red tape involved in paying backers before he could get his $$.

Not likely he was broke from a big win within hours. Even a pretty sick gambler can usually hang on to a big win for a little longer than that.

Not unusual for poker players to be craps shooters, sports betters, and to engage in private wagering of various kinds. I'd guess it's the minority that successfully manages their winnings, which can be substantial, and make an actual living at the game. Also, even a skilled pro can "run bad" for months, and many don't have enough living expenses in reserves to weather such a spell.

Not that much different than VP I suppose.

--BG

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Big winners are usually paid by check, which likely was not yet
converted to usable funds -- possibly he was "staked" in the tournament
and had some red tape involved in paying backers before he could get his
$$.

Big winners are usually paid however they request it, but the default is
usually casino chips which you can take to the cage and convert into a
check. They don't just write you a check on the spot without asking,
since paperwork and signatures are involved.

Julian Gardner famously took his second-place $1.1 million in the 2002
WSOP main event home to England in a suitcase.

Not likely he was broke from a big win within hours. Even a pretty sick
gambler can usually hang on to a big win for a little longer than that.

It's unlikely he lost the entire prize gambling; but what is likely is
that he owed the lion's share of the prize money to his backers and so he
had little money left over.

I heard a first-hand account from someone who finished 1st in a tournament
where TJ finished second and as soon as the tournament was over TJ tried
to borrow money from him.

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On Sat, 18 Sep 2010, Barry Glazer wrote: