Never Bet With Your Own Money

[jjgold]

Why?

Most investors never use their own money to start businesses
Seek ways to get money through banks, ect

Gambling is a business so treat it like one and use the banks money

Good Luck

[SlickFazzer]

use the banks money.

[SlickFazzer]

But true none the less. If you are serious about it....Get a bank loan for $50,000 and start seriously betting on sports.

[fiveteamer]

jj, I have this printed out and saved next to my computer.



03-30-2005, 12:55 PM #1 (permalink)
jjgold


Status: Grade III
Join Date: Oct 2003
Posts: 516 A Good Gambler Never Uses His Own Money

--------------------------------------------------------------------------------

You heard it right boys. All my funded racing accounts are the banks money. I have about 85K in loans and use that as my bankroll and have built it nice. I only pay 4% but that is ok as in the long run I hope to get over that number and pay off loans and make a few bucks. Why should I use my own money to bet?? If I lose it all I just claim bankruptcy and no one gets hurt. I did it 8 years ago wheh I owed 115K and lost most of it so I claimed I had nothing and plus I lived in some guys basement and had no possessions.

You have to be out of your mind using your own money to bet horses with, all the pro stock guys use bank money and overcome the interest.
If you know how to bull **** and work the banks you will be surprised how easy it is to get loans and yes you have to duke the bank managers once in a while. I cannot remember the last time I made a bet with my own cash.

Good business men NEVER use their own money to take chances with but take shots with others money.

A very valuable lesson today

[jjgold]

Five Teamer you are a very smart man to save my posts

I have a clue, good job.

[durito]

It's actually not bad advice.

[SlickFazzer]

How much will CW set you up with?

What if you tell them you are a big timer....can you get a 20k line?

[SlickFazzer]

It's actually not bad advice.

Now you'll have 20 year olds like Patty hittin up the banks for 20k
for their fresh,new bankroll.....

barelled.

[AgainstAllOdds]

Its not a bad idea if you have sound bankroll management. But there are very few gamblers that do.

[compaqDikk]

lot harder to get credit now

[max_asdf]

Now you'll have 20 year olds like Patty hittin up the banks for 20k
for their fresh,new bankroll.....

barelled.

[hackattack]

If I lose it all I just claim bankruptcy and no one gets hurt.

I like it. Sticking it to the man.
Funny how gamblers think. Wouldn't this be considered stiffing?

[rake922]

If I lose it all I just claim bankruptcy and no one gets hurt. I did it 8 years ago wheh I owed 115K and lost most of it so I claimed I had nothing and plus I lived in some guys basement and had no possessions.

let's all declare bankruptcy....

[Brock Landers]

ahh, but JJ the rub is being able to GET the money in the 1st place...

[Brady2Moss]

Lets all rack up tons of debt and then run away to cuba

[pavyracer]

Why?

Most investors never use their own money to start businesses
Seek ways to get money through banks, ect

Gambling is a business so treat it like one and use the banks money
Good Luck

Fade your own picks Ponce De Leon and you will never have to go to the bank.

[jjgold]

Most agree here with my advice

Paver jump on board and stop using your own money to gamble

Use the fukkin banking system

[pavyracer]

Most agree here with my advice

Paver jump on board and stop using your own money to gamble

Use the fukkin banking system

I'm using your money to gamble jj. The one my bookie gave me last night for betting Redsox RL. You know, the money you gave him.