U move to vegas... then 6 months from now ull be living in jj golds basement
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good luck
i'd say good luck but I know it your game its not about luck.Comment -
alot of good advice from some more sensible posters here. It's hard for me to believe that somebody would piss away all they have to move to vegas with such little money to become a professional gambler? Do you even have a clue as to how much money you would have to put into action daily/weekly/monthly to have a chance and what % you need to hit?
Wake up bro, you are a cop.Save the life you have now before you piss it all away at the expense of some pipe dream. Even the very best of professionals piss away the kinda money your taking just on variance in a 45 day bad run. I can't believe you are actually considering this. Bless you.Comment -
I seriously doubt anyone who discusses something like this on an internet forum will actually go through with it. It seems more like a ploy for attention.
If you're going to go......then go. Why go online debating the merits of it with a bunch of losers?
If this is your choice, then get the hell out of here. Why the need to create such drama?Comment -
I've followed this thread and kept my opinion to myself, for up til today my opinion was that if you only live once, you might as well take the chance, and I didn't want to encourage an otherwise bad decision.
Then I found out you cashed out your pension. A pension of 25k may not sound like alot today, but think of that compounding interest for another 30 years even at 7%. If you let that sit for another 30 years, you'd have nearly $200k, without ever investing another dime in it. That in itself is equal to a gain of $175k over 30 years, roughly 6K a year. So think of it this way - the first $6k you "win" is just breaking even for that money to grow, long term. The next $10 - $20k per year you win has to go to your necessities...see where this is going...
Even if you came back to your job, starting your pension from scratch is going to be horrible.
Einstein said the most powerful force in the universe is compounding interest. You are going to sacrifice that on a prayer. If this was extra savings money, I wouldn't be as opposed to it. But the fact you had to cash out a pension tells me you can't afford this man.
Edit: Another thing that bothers me, looking at this, is you see Soldier's deployed across the world, leaving their families. It kills people to leave behind a wife, children...and you are taking all of this for granted. You have a wife AND children (who need a father figure in their life), and you are leaving them, sacrificing their future (tough to pay for college with no money), on your own dream.
I hope for your kids' sake, you make it, for they are the ones you are really gambling with.Last edited by Erock87; 01-18-11, 02:28 PM.Comment -
good luck
i'd say good luck but I know it your game its not about luck.Comment -
I would focus on becoming a professional gambler before I moved to vegas to become a professional gambler
I would not move to the other side of the country to be a doctor if I have not gone through med school yet. A sample from a system that you likely data mined for only 2 seasons and have not actually profited from yet is not good enough.
Have you compiled a database dating back 10 seasons and backtested this database using data that does not include the 2 seasons you used to invent this system to ensure that this system is truly profitable?
Just trying to help you from possibly destroying your relationship with your family here if you want to be a professional gambler be professional, do your job and do it right and don't take shortcuts.
Last edited by sharpcat; 01-18-11, 02:17 PM.Comment -
Has anybody on this forum made money consistently from betting on NBA, MLB, American Football??!Comment -
Don't do it... there's nothing shameful in actually having a job and not risking it all on a roll of a dice.Comment -
My thing is do what makes you happy. But the most important thing in life is your family.Comment -
lol wow.Comment -
good luck and i hope you make it in vegas.Comment -
Many can accomplish this.
The problem is that the ways of accomplishing this take years to learn and perfect. Either you grind it out as an arbitrage player or you work hard as an advantage player, there is no such thing as a magical system that requires no hard work where you bet every team playing back to back home favs coming off of a home loss of 10+ points. System plays are nonsense life as a gambler is a grind, its not sitting on your ass drinking beer and betting on ridiculous trends. Professional gamblers put in 40+ hour work weeks grinding it out and looking for as many spots to exploit casinos as possible 24-7.Comment -
LV, you'd be very wise to read and reread this many times. You have rec'd alot of solid advice in this thread, I don't know how you can ignore it. And if you aren't ignoring it I'm not sure how you can go through with this. Someone mentioned contacting J7, great advice. Sounds more like you want to sow wild oats, could be wrong though.Comment -
I applaud you for doing this. The only way you'll know for sure is to give it a shot. I'm building the bankroll and looking to make the move within the next few years. Hopefully see you there.Comment -
Fish a lot of guys are delirious about life as a gambler and don't look at the big picture of it and how uch work is actually involved, its like fantasizing about being a gynecologist
its not the fantasy job you think it would be when you are digging around in the vag of some fat chick or some hooker with genital warts.
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Honestly, why are you so paranoid about betting offshore and keeping your job? What trouble can you get in, if you are just a bettor and not booking? I think this decision is based on fear of getting in legal trouble.Comment -
Excellent examplesFish a lot of guys are delirious about life as a gambler and don't look at the big picture of it and how uch work is actually involved, its like fantasizing about being a gynecologist its not the fantasy job you think it would be when you are digging around in the vag of some fat chick or some hooker with genital warts.Comment -
The guy is an idiot.
He's a SBR PRO, meaning he's deposited in a book within the last year. He's stated before that he's been betting at Bodog from 06-08
This thread is just full of lies, and of course like most threads at SBR looking for attention.
He's not going anywhere.Comment -
good luck man go with ur heart i want 2 move there adventually also tired of betting online want some cash when i lay a wager down....plus dont miss march madness eitherComment -
What do you mean it "can't not be drawn like that"
Only reason I ask is because I work with pension plans on a daily basis. Most pension plans today are DC plans, plans where you contribute money each period, sometimes matched by the Employer, and it grows over time.
I gave no advice on drawing from your pension...in fact I strongly advise against it.Comment -
Erock I would love to hear more. I know I can not draw from my pension #1. I was also told once you retire after you are vested your pension is locked away until you are 55 and you can never draw from it except for your pct for me 30% when I reach 55.
MattComment -
funny, i was thinking the same thing about you throwing your life/family down the toilet to go play "matt the capper" with their life savings.
i cant believe i gave a chit enough to do a lil background on ya but the fact is, if your post was true: its a big move. one you wouldnt think you'd find on a message board.(much like the "RIP blondie" thread i had the misfortune of reading this morning
) but ill call it like i see it after a lil further investigation: from your posts and replies you're way too tender to be trying this stunt....fact is, i cant believe you're a [good]cop posting the stuff you do. for real. posting about lawsuit settlements that havent even "hatched" all the gory details of your $ situation. dude, get help and soon.
keep the job/pension and if ever in doubt remember one thing: free donuts
you can thank all of us who are telling you to pull your head out of your ass later.
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JJ help him out
20k this weekend on which team in NFL?Comment -
I have no issue with LVBOUND wanting to go to Vegas and take a shot -- the problem I have is:
1. He is obviously under-bankrolled
2. He is risking a highly coveted pension payment when he is old enough to draw it, when he could easily stick it out for 18 more months and grab that security for himself and his family, while building a bankroll
3. He isn't even going to Vegas to take advantage of a horrible real estate market where he could easily buy a woefully undervalued home for 40% of what it cost 5 years ago. That alone would be worth a shot....
I am all for guys chasing wild dreams..... this country was built on that premise. But Vegas was built on guys blowing the family nestegg chasing pipedreams. I just wish he would chase his dreams in a more responsible manner. Otherwise, good luck LVBOUND.Comment -
Even then, drawing at 55 is assuming an early retirement age, and unless you are financially stable, you are doing a disservice to yourself. Most Employers will give an Actuarial Equivalent of your pension, sometimes with a further decrease on top of that for every month you draw prior to 65 (sometimes 62/63, pending the Employer).
You can't draw from your pension because it is locked up into a Trust, and it is being invested in order to accrue enough money in the event you stay with the company until you do reach 65, or even longer. What it sounds like they are doing is giving you a vested cash out. You're telling me they're giving you 30% of your pension, which means your original pension must be somewhere around $80k.
If you let that $80k pension grow for 30 years at 7% annually...that grows to over $600,000 without you ever depositing another dime into it. Imagine what it grows to if you continue to drop money into it with potential Employer matches...
Think about what you're giving up before you cash out that pension...getting 30% is a large mistake, from a financial point of view. Remember earlier how I mentioned the first $6k you make each year is only accounting for that interest you would accrue? That number just increased...significantly. The first $17k you make a year is going to be the interest you would make. You need to make at least $40k just to break even in Vegas...and at that point it's just that - breaking even with alot of risk involved.
I couldn't imagine leaving my family, wife, and kids, and the only way it's actually worth while is if I can quadruple my $25k the first year...really rough odds of that happening. Not to mention Vegas isn't going to give you a pension to retire on...it's going to make you work until the day you die.
If you want any more advice, please let me know. I don't want to see you make a huge mistake without knowing the opportunity cost of what you're giving up. You don't have to believe me, or even take me advice...but just consider what I'm telling you. Compounding interest will let you retire young, especially if you and your wife are both contributing into 401(k)s. If you are lucky enough to have a defined benefit plan through your Employer - even better.Last edited by Erock87; 01-18-11, 03:56 PM.Comment -
Why would people want 600K in 30 years, when they can take that 40K and make it into MILLIONS in vegas, with a guaranteed system?
"move" out to vegas, enjoy your time.Comment
