I feel I must comment on this thread running on 'another' forum as I have a very different opinion than most respondents.
First, there are two parts to the OP (or his friend) situation, which are really VERY different topics that are being lumped together. The person mentioned is 80k in debt and if he decided to pursue blackjack play with his 100k, he would be letting that debt go into default. I really don't want to get too into this situation, other than to say there are times when defaulting on debt makes sense. Likely this debt is school loans and credit card debt, sometimes medical bills (likely not this case). I mean debt is your word, your promise to pay back, but sometimes it can get out of control. People make mistakes. This is far different than a situation previously described where a member of this community talked about getting markers from a casino and not paying them back and eventually reaching a settlement for pennies on the dollar. This person talked about this as an advantage play. This is far different than making a mistake and ending up with debt that can take a lifetime to get out from under, while the predators are charging you 18-25%.
So separating out that part of the discussion, which many don't seem to be able to do, How many of us would have loved to have had 100k or even 50k bankroll when we started.
There are so many of us that have similar histories of starting with a shoe-string bankroll, and spent years building to even be able to play mid-level stakes. OMG, what I wouldn't have given to have avoided my first 3 years of red chip play, making 10k a year and surviving on mac & cheese and peanut butter and jelly sandwiches.
And the OP (or his friend) is described as mid 20's, I believe no family, dependents. What better time is there to chase a dream like this? I always say there are 2 ideal times in ones life. Early before you start a family and have significant obligations, and upon retirement. So I have no problem with a 20-something year old who unlike most of us staring out, would be decently bankrolled, attempting this endeavor.
Personally I would think the moving all around the country living in hotel rooms, would get tired pretty quickly, but there are those that think that part of the thrill. I took a different approach and moved to a place where I could minimize (not eliminate, but minimize) travel, while still playing professionally.
But all in all, for the OP or his friend, I think this an excellent time in his life to pursue this. And I make no assumptions, as others do, as to his skill level and skill and knowledge preparedness based on that unrelated separate issue mentioned. I have no idea why some are conflating the two issue and assuming that guarantees lack of success. The two are unrelated.
First, there are two parts to the OP (or his friend) situation, which are really VERY different topics that are being lumped together. The person mentioned is 80k in debt and if he decided to pursue blackjack play with his 100k, he would be letting that debt go into default. I really don't want to get too into this situation, other than to say there are times when defaulting on debt makes sense. Likely this debt is school loans and credit card debt, sometimes medical bills (likely not this case). I mean debt is your word, your promise to pay back, but sometimes it can get out of control. People make mistakes. This is far different than a situation previously described where a member of this community talked about getting markers from a casino and not paying them back and eventually reaching a settlement for pennies on the dollar. This person talked about this as an advantage play. This is far different than making a mistake and ending up with debt that can take a lifetime to get out from under, while the predators are charging you 18-25%.
So separating out that part of the discussion, which many don't seem to be able to do, How many of us would have loved to have had 100k or even 50k bankroll when we started.
There are so many of us that have similar histories of starting with a shoe-string bankroll, and spent years building to even be able to play mid-level stakes. OMG, what I wouldn't have given to have avoided my first 3 years of red chip play, making 10k a year and surviving on mac & cheese and peanut butter and jelly sandwiches. And the OP (or his friend) is described as mid 20's, I believe no family, dependents. What better time is there to chase a dream like this? I always say there are 2 ideal times in ones life. Early before you start a family and have significant obligations, and upon retirement. So I have no problem with a 20-something year old who unlike most of us staring out, would be decently bankrolled, attempting this endeavor.
Personally I would think the moving all around the country living in hotel rooms, would get tired pretty quickly, but there are those that think that part of the thrill. I took a different approach and moved to a place where I could minimize (not eliminate, but minimize) travel, while still playing professionally.
But all in all, for the OP or his friend, I think this an excellent time in his life to pursue this. And I make no assumptions, as others do, as to his skill level and skill and knowledge preparedness based on that unrelated separate issue mentioned. I have no idea why some are conflating the two issue and assuming that guarantees lack of success. The two are unrelated.
