"How much $ would it take?" silly question of the day

[Lottery Larry]

Your mother-in-law has passed away and you and your wife are called to the lawyer's office for a will reading. During this, you find out to your surprise that she had a lot of money.

The lawyer reads a special disposition concerning you- you will get $X amount if you promise to give up poker for your lifetime.

How much money would X have to be? No cheating on taking the money and then welching on the promise.

(If your feelings about your mother-in-law would color your decision, say so)

BONUS QUESTIONS
1) If it were $Y to never teach your kids to play, or play in front of them, how much is Y?

2) If it were $A amount for B number of years, what are A and B? Give a sliding scale if you can.


(Can you tell I'm not in the mood today? :P )

[fluxrad]

$X = $100,000.
$Y = $10,000.
$A = 5,000 for two years.

Poker is not just about the money you make but the fun you have playing it. It would cost someone a lot of money to get me to stay off the stuff.

[daryn]

X = $2M at least.

Y = tough to answer without kids.. this one is a weird question.

as far as A and B, it would probably work out to be $150K/yr

[eric5148]

X = $3 million
Y = Irrelevant, I'd shoot myself if I ever had kids.
A = $200,000
B = 38 years, because I also plan to shoot myself when I turn 60.

[stabn]

X=16.66 million.

[tdarko]

X= $1 mill
Y= $? probably wouldnt take much since my kids will learn how to play anyway without the help of me...i would slip 2+2 literature under their pillow though.

A/B would be 100K a year. maybe less though.

[ThisHo]

Fun!

If I "give up poker" does that mean "playing" or "any association with poker whatsoever"? Would "any association" include having to give up OOT? You can't put a price on that!

X = $250k ... I could find lots of other hobbies with that sort of money!

Y = ... hard to answer. I would take $10k not to play in front of my daughter, talk about it in front of her, never watch it on TV in front of her nor allow her to watch it on TV, nor in any other way "introduce" her to the game (she's 7mo and I have a feeling that when she gets to be about 2 I'm going to be given instructions about this and have to do it for nothing anyhow so I'd gladly take the $10k)... but if she started playing on her own (say she had a few friends in high school and they started playing for fun) I'd feel obliged to pass what (very little) I know about the game on to her. Also, by me trying to teach her about it, it might have the desired side effect (from granny's standpoint) of discouraging her from playing ("Dad's making this work instead of fun, forget it!").

$A for "B"yrs = $7,500 for each of the first 3 years... $10k for the next 3 years, $50K for each year after that up to 10yrs. ** Am I allowed to read/study poker during this time?

It may make me a tool but I think this is an entertaining question... /images/graemlins/smile.gif

ThisHo!

[jakethebake]

You're in the lawyer's office right now, aren't you?

[einbert]

I would do it for 1 million, maybe even 500k.

If I had enough money that I could live off of the accrued interest of investments for the rest of my life, I would have a lot more freedom to live the way I want than I do now.

[tripdad]

i'm just going to assume you lost a bet, or some sort of challenge. that is all.

cheers!

[Dex]

[ QUOTE ]
X = $3 million
Y = Irrelevant, I'd shoot myself if I ever had kids.
A = $200,000
B = 38 years, because I also plan to shoot myself when I turn 60.

[/ QUOTE ]

POTD.

[TimM]

[ QUOTE ]
[ QUOTE ]
X = $3 million
Y = Irrelevant, I'd shoot myself if I ever had kids.
A = $200,000
B = 38 years, because I also plan to shoot myself when I turn 60.

[/ QUOTE ]

POTD.

[/ QUOTE ]

Should he get a special Darwin award for this?

[eric5148]

[ QUOTE ]
Should he get a special Darwin award for this?

[/ QUOTE ]

Yes, I should.

[jakethebake]

[ QUOTE ]
[ QUOTE ]
Should he get a special Darwin award for this?

[/ QUOTE ]

Yes, I should.

[/ QUOTE ]

"there will be no money, but when you die, on your deathbed you will receive total consciousness ."

[eric5148]

So I've got that going for me, which is nice.

[Tboner7]

X: $10 million
Y: $40 million
A/B: Basically $500,000 per year.

It's too much fun.
/images/graemlins/smile.gif

[MarkL444]

i would easily quit for 250k (after taxes if there were any i forget)

[pshreck]

[ QUOTE ]
X = $2M at least.

Y = tough to answer without kids.. this one is a weird question.

as far as A and B, it would probably work out to be $150K/yr

[/ QUOTE ]

Im surprised at this. I thought you said elsewhere that you didn't want to do poker professionally. Do you really think you are going to supplement your income 150k/ year for most of your life?

[ilya]

$X = what I'd need to be financially independent for the rest of my life, so, say, about $5,000,000.

[renodoc]

Do you have to pay estate taxes on the amount?????

[ilya]

[ QUOTE ]
Do you have to pay estate taxes on the amount?????

[/ QUOTE ]

$5,000,000 after taxes, of course.

[Reef]

I think $1M would do the trick to quit forever..

[moondogg]

[ QUOTE ]

"there will be no money, but when you die, on your deathbed you will receive total consciousness ."

[/ QUOTE ]

So I got that going for me, which is nice.

[Skipbidder]

Main question: 300,000. This pays off my student loan debt. I can go back to blackjack or sports betting if I want to gamble.
BQ1) I don't want kids. This is the main reason why I no longer have a wife. My ex-wife's extraordinarily unpleasant mother wasn't likely to want to leave me any money in the first place, but she certainly disapproved of gambling and wasn't above butting in.
BQ2) 30K for next year and an additional 15K for each of the 4 years after that.

[stanky]

No amount could keep me away from a poker table for life.

-Pete

[eric5148]

[ QUOTE ]

Quote:

"there will be no money, but when you die, on your deathbed you will receive total consciousness ."



So I got that going for me, which is nice.

[/ QUOTE ]

Uh... you're about 3 hours late on that one, dude.

[DBowling]

[ QUOTE ]
No cheating on taking the money and then welching on the promise.


[/ QUOTE ]

you are right, this is a silly question because cheating on the deal is the obvious right choice. No poker ever? The amount for me to keep this deal would have to be in the 2 million+ range. Never playing poker is a long time. Id need lots of money to start up whatever my next get rich quick scheme is.
Not ever teaching my kid or playing in front of him? That is even easier to cheat on, so i wont even touch it. Ill take whatever theyll give me then teach my kid if he wants to learn.