Sushiman 0 Posted June 14, 2005 Share Posted June 14, 2005 For all you B&M regulars, do you guys notice a trend of young people sitting at your NL table with improportional amounts of money? Now I'm a young one myself, only 22, but when I was at AC last weekend more than half the table could not have been much older than me. Most of these kids had big stacks and were literally pissing away hundreds of dollars by calling all in on draws, overaggressive play, raising every hand, etc... I wouldn't be surprised seeing this behavior from older guys, when a couple of hundred or even a couple of thousand might not mean all that much, but I simply cannot see the kids at my table making this kind of disposeable income. And from the way these guys were playing, I highly doubt any of them were internet poker whizkids with a hundred grand roll to draw from. I'm a student, poker pays my modest bills, it's my job over the summer, and frankly it would kill me if I dropped $500 at a casino table in one night. I'm simply shocked by amounts of money these kids who look just like me are willing to gamble with. Am I the only one disturbed by this? I know this is just profit for me (they did pump me up nicely) but I was sickened by how my age group seemingly does not know the value of money. I wanted to shake some of them and say "don't you have bills to pay? don't you have a student loan to pay off like I do? do you ever consider buying your parents something nice instead of wasting it on that horrible draw?" I'm proud of all the young talent representing us at the WSOP, but I can't help wondering if the poker craze is also bringing up a generation of young who can't afford thier gamble. Link to post Share on other sites
TheIceman05 0 Posted June 14, 2005 Share Posted June 14, 2005 frankly it would kill me if I dropped $500 at a casino table in one night.Ha... you must not be much of a player, then. How can you pay your bills playing a game where having a 500 dollar night in the hole is unfathomable?Ice Link to post Share on other sites
JBradburn6 0 Posted June 14, 2005 Share Posted June 14, 2005 Rich parents Link to post Share on other sites
Governator 54 Posted June 14, 2005 Share Posted June 14, 2005 Drug Dealers Link to post Share on other sites
elkang 0 Posted June 14, 2005 Share Posted June 14, 2005 the young rich kids have been spending their money for quite a few years. I attribute it to the growing wealth of many Americans, and the guilt that many parents feel which gets paid through expensive items for their kids. this cheap attitude towards money continues at college and later on in life.Young single people are the greatest source of disposable income for all the sellers out there. Just look at where advertising is directed - it is directed at where the money is. No surprise that some of that money is spent on poker or gambling. But, also, lots of 22 years olds make $60-90 grand a year. Plenty. Especially, on the east coast. They can afford to gamble. And that's a good thing for players.p.s. if you cannot afford to drop $500 a night, then really you shouldn't gamble at those limits. my 2 cents... but hey, YMMV. Link to post Share on other sites
Mr Monkey 0 Posted June 14, 2005 Share Posted June 14, 2005 Drug Dealersor McDonalds workers who are in debt Link to post Share on other sites
Sushiman 0 Posted June 14, 2005 Author Share Posted June 14, 2005 frankly it would kill me if I dropped $500 at a casino table in one night.Ha... you must not be much of a player, then. How can you pay your bills playing a game where having a 500 dollar night in the hole is unfathomable?IceI'm 22 and only started playing about a year and a half ago. I played $10 to $20 buy in games during the semester and was basically how I managed to eat out and buy things during college. I just started playing online in the middle of May and ran my $100 buy in to about $1500 so far. Subtract from that expenses like gas, food, and my credit card bill you can see my BR is pretty small. I think I am a good player for the amount of the time I've been playing but yes a -$500 would be pretty bad for me since I don't even bring that much to the casino. (Went to AC with 100 in my pocket, left with 320 after about 4 hours)Right now I refuse to put over $150 on the line at one time. It might seem like I don't have much gamble, but mostly it's because I prefer to eat out once in a while. Link to post Share on other sites
Marc-O 0 Posted June 14, 2005 Share Posted June 14, 2005 sounds like you have a case of being scared to loose.good way to loose !my 2 cents Link to post Share on other sites
Mr Monkey 0 Posted June 14, 2005 Share Posted June 14, 2005 I'm proud of all the young talent representing us at the WSOP, but I can't help wondering if the poker craze is also bringing up a generation of young who can't afford thier gamble.who cares, take their money and move on. you seem to be playing scared. good way to be a losing player Link to post Share on other sites
CaneBrain 95 Posted June 14, 2005 Share Posted June 14, 2005 the young rich kids have been spending their money for quite a few years. I attribute it to the growing wealth of many Americans, and the guilt that many parents feel which gets paid through expensive items for their kids. this cheap attitude towards money continues at college and later on in life.Young single people are the greatest source of disposable income for all the sellers out there. Just look at where advertising is directed - it is directed at where the money is. No surprise that some of that money is spent on poker or gambling. But, also, lots of 22 years olds make $60-90 grand a year. Plenty. Especially, on the east coast. They can afford to gamble. And that's a good thing for players.p.s. if you cannot afford to drop $500 a night, then really you shouldn't gamble at those limits. my 2 cents... but hey, YMMV.Elkang puts it nicely here but let me eloborate.....poker is hot right now....it is the thing to do (and let's face it this is a good thing for all serious poker players in the long runBut as long as poker is trendy....you will get flounders with tons of cash playing....I grew up in palm beach....its obscene how much money some of these kids throw around....case in point...a good old friend of mine from middle school (who's dad was the ambassador to Bermuda) just got into poker...now this is a kid who regularly takes me and a couple other buddies for a weekend of golf at shinnecokk and national.....has his OWN house in the hamptons....(his parents have one there too along with his older brother) and generally drops a ton of dough whenever he goes out (his 21st bday tab was over 3500 dollars)so he takes up poker....he has been playing for 4 months....read one book (super systems) and went to las vegas last weekend and played in the NL 10000 buy in game....as his first live game ever in a casino....he did ok too ended up winning 500 bucks over 15 hours....he said he got a good portion of luck but good for him....now this friend is a smart kid went to georgetown....imagine all the other rich spoiled kids with this kind of money or somewhere in the vicinity who are idiots and go and throw it away....just the way it is....and who cares really...if you are rich you should enjoy your luck and have fun....you cant take it with youP.S.---i know how to spell shinnecock (shinne---c-o-c-k)....but they censor it out Link to post Share on other sites
Limit Player 0 Posted June 14, 2005 Share Posted June 14, 2005 I live on the east coast and know kids who make $80k selling cell phones. They throw money around like it's nothing, especially at Foxwoods once per month. I kill them in home games. Love it. Link to post Share on other sites
brian67 0 Posted June 14, 2005 Share Posted June 14, 2005 Rich people losing money in poker to better players? Since when? Link to post Share on other sites
Sushiman 0 Posted June 14, 2005 Author Share Posted June 14, 2005 Well, if that is the case then more power to all these kids who want to learn to play the expensive way. Lol maybe I should look into selling cell phones as well instead of studying for the lsats. My take on money is just really conservative. I grew up in China and was pretty poor so seeing kids blow through this kid of dough, whether they make good money or not, is just kind of alien to me. Link to post Share on other sites
elkang 0 Posted June 14, 2005 Share Posted June 14, 2005 Rich people losing money in poker to better players? Since when?haha.I've actually had to come to terms with the morality of taking money from players repeatedly.Now, taking money from one person, one time - no big deal - it is a game and these are the rules.But, I had concerns about when I saw the same people over and over again and I would take down their stack. Usually, they wisen up and DON'T PLAY with me. I'm proud that some players will see me sit down and leave. It means to me that I am an intimidating player. But, some of them seemed to keep appearing. This caused me great concern.I came up with a solution that works for me. It's funny because I went to a church service for the first time since I started "turning pro" and found my solution. Each of you will have to find your way. Luckily, I have not had to use my system lately (because I suck, tilted, back luck etc) and many bad regular players just avoid me.Now, I am not that good. I am a mediocre low level player making a decent buck at $200 buy in tables. And this post is of no concern to most of you... there's nothing wrong with taking away money from people who are giving it to you - most of the time it is called capitalism. I'm just in favor of more equitable systems in my personal life and don't want ot make a living off of others suffering. Link to post Share on other sites
JustinHEMI04 0 Posted June 14, 2005 Share Posted June 14, 2005 Ya i have noticed a large influx of wealthy children at the casino. So what? I have a 16 year old that keeps trying to buy into my games. He will often show me 5k in his pocket to try to convince me. Anyway, I don't see it as a bad thing. There have always been rich kids that throw away money on something. In the 80s it was coke. In the 90s it was heroine. Now its poker. What would you rather them be throwing their money away on? Drugs or poker? Personally, I prefer poker since my earnings have sky rocketted thanks to the influx of rich kids at the casino. Justin Link to post Share on other sites
Guest XXEddie Posted June 14, 2005 Share Posted June 14, 2005 Rich kids at a casino are ants at a picnic Link to post Share on other sites
MilesZS 0 Posted June 14, 2005 Share Posted June 14, 2005 In defense of the OP, some people have grown up really poor. To some of us, $500 is a lot of money. I know it probably seems silly that we play poker, yet a certain amount is a lot of money, but that's how it is. You just have to separate yourself from it when you're at the table. At the table, you're playing with chips. It's the decision you made right before you sat down that is greatly affected by how you value money: How much should I sit down with?It doesn't mean anyone is a bad player. What it probably means is that 1) someone's parents were never able to help them financially through school, etc, etc. 2) they are either player poker with what they can spare from their real job, which isn't much because they have to pay bills, or they are using all the money they can pull out of poker for bills -- or a combination of both (<-- me, I suck and owe way too much in student loans). Link to post Share on other sites
dmoneypoker 0 Posted June 14, 2005 Share Posted June 14, 2005 For all you B&M regulars, do you guys notice a trend of young people sitting at your NL table with improportional amounts of money? Now I'm a young one myself, only 22, but when I was at AC last weekend more than half the table could not have been much older than me. Most of these kids had big stacks and were literally censored away hundreds of dollars by calling all in on draws, overaggressive play, raising every hand, etc... I wouldn't be surprised seeing this behavior from older guys, when a couple of hundred or even a couple of thousand might not mean all that much, but I simply cannot see the kids at my table making this kind of disposeable income. And from the way these guys were playing, I highly doubt any of them were internet poker whizkids with a hundred grand roll to draw from. I'm a student, poker pays my modest bills, it's my job over the summer, and frankly it would kill me if I dropped $500 at a casino table in one night. I'm simply shocked by amounts of money these kids who look just like me are willing to gamble with. Am I the only one disturbed by this? I know this is just profit for me (they did pump me up nicely) but I was sickened by how my age group seemingly does not know the value of money. I wanted to shake some of them and say "don't you have bills to pay? don't you have a student loan to pay off like I do? do you ever consider buying your parents something nice instead of wasting it on that horrible draw?" I'm proud of all the young talent representing us at the WSOP, but I can't help wondering if the poker craze is also bringing up a generation of young who can't afford thier gamble.AC is close to several affluent NJ Shore communities such as Margate.. lots of young kids down there with parents money looking to be just like our TV heroes. Mostly they congregate at the Borgata, but I see my fair share at the Trop and Taj as well. The best is when they try to play tournaments.I'm only 21 myself but these children are just jokes, you can slowroll the nuts on them all day and you can also bully them around preflop, they wanna see a flop before they put their chips in for the most part.And yeah there are a lot of young players who are already elite, and a middle class of guys like you and I who can make a nice amount of cash at casinos already to pay off some bills and whatnot (I've made like 9k since I turned 21 in AC,), but for the most part kids our age are absolutely clueless on how to play poker.In a few weeks my friend and I are gunna grind it out in AC for like a week, we'll probably be at the Trop. PM me if you wanna get a table and smack around some fish, Sushiman, the 1/2 NL game is a cakewalk. Link to post Share on other sites
JustinHEMI04 0 Posted June 14, 2005 Share Posted June 14, 2005 In defense of the OP, some people have grown up really poor. To some of us, $500 is a lot of money. I know it probably seems silly that we play poker, yet a certain amount is a lot of money, but that's how it is. You just have to separate yourself from it when you're at the table. At the table, you're playing with chips. It's the decision you made right before you sat down that is greatly affected by how you value money: How much should I sit down with?It doesn't mean anyone is a bad player. What it probably means is that 1) someone's parents were never able to help them financially through school, etc, etc. 2) they are either player poker with what they can spare from their real job, which isn't much because they have to pay bills, or they are using all the money they can pull out of poker for bills -- or a combination of both (<-- me, I suck and owe way too much in student loans).I understand what you are saying. The problem is, if for example, you go to the casino with 300 bucks and sit down, but are worried that you are going to lose it, you shouldn't be playing with it. If something is going to suffer (bills, rent, whatever) if you lose that money and you are worried about it there are two things I can guarentee... A) you will lose that money and B) whatever it is will suffer. If you play worried about losing you will not play your best game. Not to turn this thread into a bankroll management thread but it has been covered time and time again here. You cannot play poker with your living money and expect to live. Justin Link to post Share on other sites
MoLeafsMo 0 Posted June 14, 2005 Share Posted June 14, 2005 I'd also like to come to the defence of the OP.He said he'd be devastated if he lost $500 in a night (paraphrasing), but I don't think he's saying he plays scared to lose his money. I think what he means (and I've seen this too, since I'm a younger guy myself) is that there are rich kids who either blow their own or their rich daddy's money like it's nothing. I've never lost $500 in a night, but I've seen other kids do it and not give a damn. I can't afford to lose that kind of money in a night, and if I did, I would be catatonic for about as long as I couldn't afford to eat or pay my electric bill. But I dont' play scared to lose the money I do bring to the table, and from what I've read, I don't think the OP does either.There's plenty of flaming opportunities out there, so save your efforts for the posts that warrant it. This guy just brought up a point that most of us have seemed to agree with. Let him be.MoEDIT: Also, I'd like to express fear for the 16 year old whose father is happy he blows his cash on poker instead of drugs. Talk about setting the bar low. How about teaching him something called the value of money now when he has it, so he doesn't have to learn the hard way if he ever doesn't? Introduce him to something I've heard a little about called a bank account, and let him play with a more modest roll. Link to post Share on other sites
jdsabrefan83 0 Posted June 14, 2005 Share Posted June 14, 2005 I'd also like to come to the defence of the OP.He said he'd be devastated if he lost $500 in a night (paraphrasing), but I don't think he's saying he plays scared to lose his money. I think what he means (and I've seen this too, since I'm a younger guy myself) is that there are rich kids who either blow their own or their rich daddy's money like it's nothing. I've never lost $500 in a night, but I've seen other kids do it and not give a damn. I can't afford to lose that kind of money in a night, and if I did, I would be catatonic for about as long as I couldn't afford to eat or pay my electric bill. But I dont' play scared to lose the money I do bring to the table, and from what I've read, I don't think the OP does either.There's plenty of flaming opportunities out there, so save your efforts for the posts that warrant it. This guy just brought up a point that most of us have seemed to agree with. Let him be.MoEDIT: Also, I'd like to express fear for the 16 year old whose father is happy he blows his cash on poker instead of drugs. Talk about setting the bar low. How about teaching him something called the value of money now when he has it, so he doesn't have to learn the hard way if he ever doesn't? Introduce him to something I've heard a little about called a bank account, and let him play with a more modest roll.If I read the post correctly, I don't think he meant it was his 16 year-old who wanted to play, but moreso a random 16 year-old with 5k in his pocket trying to buy into a game. Link to post Share on other sites
btlee 0 Posted June 14, 2005 Share Posted June 14, 2005 Drug Dealerswe got a couple of those in our 10-20 game. Link to post Share on other sites
elkang 0 Posted June 14, 2005 Share Posted June 14, 2005 I'd also like to come to the defence of the OP.I don't know you, but now I think that you're a nice guy who lacks standard bankroll management skills and some lack of reading comprehension. But, again lots of players do that and certainly most posters on the internet. Let's see if my read on you changes. I hope I'm wrong, but would bet $20 that I'm not. Link to post Share on other sites
MoLeafsMo 0 Posted June 14, 2005 Share Posted June 14, 2005 Elkang,If you keep making bets like that, you won't have a bankroll left to manage. Of course, your claim to "turning pro" and your admission to sucking, all in the same post, tells me you probably won't have one anyway.By the way, you're right about one thing. I'm a very nice guy.Mo Link to post Share on other sites
Reck 0 Posted June 14, 2005 Share Posted June 14, 2005 Sushiman, where were you playing in AC? was it 1/2 NL at the Borgata? Link to post Share on other sites
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