Quote Originally Posted by mafioso:
Who asked you to give CG sympathy?
The guy blew out 60k and is broke. Unless you can give him money to bet with, do you really think he gives a shittte about your sympathy?
This is the problem that I have with this thread....some of us posters operate under the notion that there is such thing as the "noble gambler". Time to wake up fellas.......given the time and the money that CG had, there is a good chance that most of us would end up the same way.
I do say "us" because as soon as you start betting on games for real, then you are a gambler. You are in the gambler club. And a gambler thinks he can beat the game, or else he wouldn't even try. Success is just right around the corner, right? Here comes the heater.........just have to weather the "variance".
I would put the over/under on the failure rate of guys from this thread in CG's situation around 70%. Granted, I would bet that the average time to go broke would be over 1 year, but still the end result would be the same.
If you gave me 60k to gamble with when I was 25 in Vegas, good lord. Probably wouldn't get into the drugs, but booze and puss alone would ruin me. Guaranteed.
Ultimately, the defining characteristic of a successful gambler is knowing when to quit. Obviously, CG has no idea when to fall on his sword and live to fight another day. I would say that fact would make him a bad gambler, bad capper, "unlucky", and an ultimate failure as a professional speculator. Might as well put gambling junkie into that category as well.
Part of me still thinks he is catfishing us all with his story.....but, compulsive gambling will take everything, and CG isn't the first to take it up the azzzz in Vegas. He sure is a long way from that first week....up 6500$, eating right and working out.
Hit a meeting CG....or go all in again. Then hit a meeting. Look on the bright side...it should be pretty easy to do your taxes.
Why wouldn't there be a noble gambler?
I have an issue with you making that statement.
This isn't the slums of new York where Guido is the bookie and we are criminals.
Most of us here are family men, business men ect...
We do this for fun and as a hobby.
Sure we all have gone on tilt occasionally but none of us I'm sure would ever do anything as stupid as lose everything we have to place another bet.
I would hope not anyway.
Bills paid
Family taken care of
Money saved
Scraps left over for this thing we do.
I personally have been using the same bankroll for the last 8 years.
It goes up it goes down it goes up it goes down.
I'm not betting 550 to 11000 on any particular game either like dumbfuck did.
That is great. Good for you, and I am glad you found a hobby.
As for the "noble gambler", there is no such thing. It is true that most people can keep the wheels on and not run it into the ditch like CG has. But, truth be known, most of us dream about moving to Vegas, hitting big, and having 10k down on a game that we are confident in. That "dream" is, or has been at one time, in most of our heads.
As for the comment on taxes, it is true that they should be very easy. Depending on how he raided his 401k, the taxes could have been taken out as he withdrew....unless he took out loans against it.....then he could immediately file bankruptcy, go to court and claim he has the gambling disease. Promise to go to therapy, and tell the creditors to pack sand. Not very ethical, but we are talking about HCG. At the end of the day, taxes will be easy....he has no revenue from gambling.
File as a gambler and show 0 income. If they audit, show the tickets and bank statements. Couldn't be more simple. Wait to claim the losses against next year's huge heater revenue.
My point is this.......the guy crashed and burned. Most guys that read this thread, myself included, would have gone bust at his age and maturity level.
Never Make A Winner A Loser. Never.
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