Has your poker success ever caused a friend to ask for $$$?

[LomU]

when it comes to friends i never loan money.

i either give it to them or not. it's the best policy.

[BluffTHIS!]

This can come up not just with friends but also with family. They think that just because you make good money playing poker that you are not really working and have lots of disposable cash to lend/give. They don't have a clue about the concept of a bankroll, and that they might be making a request equivalent to asking a mechanic to loan half his toolbox. If they didn't think you had the money they would do something else. Tell him to do whatever that would be. And the key point here is that you said such a loan wouldn't even make a dent. So what would Joey Knish tell him?

[Mempho]

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This can come up not just with friends but also with family. They think that just because you make good money playing poker that you are not really working and have lots of disposable cash to lend/give. They don't have a clue about the concept of a bankroll, and that they might be making a request equivalent to asking a mechanic to loan half his toolbox. If they didn't think you had the money they would do something else. Tell him to do whatever that would be. And the key point here is that you said such a loan wouldn't even make a dent. So what would Joey Knish tell him?

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I certainly agree with this. If he needed $500 and that would take care of it, then I would give it to him. He would give it back eventually, I'd just forget about the money and move on. Like you said, this is different. In a sense, I'm betting on his future. First, he would have to be able to hire the right legal team. Even if the money could be covered, he still has to roll the judicial dice.

[Mempho]

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JMHO, the answer is always "NO" if its someone you dont mind giving $ to and you know itll be used for good and your $ will be enough to help, then do it, dont expect it back.


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I don't think I can do it and expect it back, you're right. Its going to have to be a "gift," at least in my mind. First and foremost, I want to know that if I gave him a gift, it would help him out. He is selling a piece of property, so I'll have to see how short he is after that.

[DuggleBogey]

If your friend did it, I wouldn't loan him anything, let him plead guilty or use legal assistance if he can't afford his own defense.

If he's not guilty and getting shafted, and he was my close friend, I'd give my entire bankroll to help him if he needed it.

Figuring out if he's guilty or not is your problem here, not whether or not to give him the money.

I don't see how giving him a little money helps. If he needs $50,000 for a good lawyer, he doesn't have it and you don't have that much to give. $5000 won't help, if he has no money then he will get a public defender. You can't buy him 1/10th of a good lawyer.

If he can manage to raise 95% of what he needs, that is another story, as then giving him the final 5% could make a big difference.

[BottlesOf]

I'm not well-known locally. But, no.

[mackthefork]

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I wouldn't make this a loan. Either give him the money or not. Loaning it is a bad idea.

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i totally agree with this guy. When it comes down to it, you should only lend money that you are comfortable not getting back. Especially to someone between a rock and a hard place. This really is more an issue of your level of friendship than finance. If my best friend was going to die unless i gave him 90 percent of my assets, I'd do it and not think about it. If my mom did, I'd be like "dam that sucks, can i have your ming vase?"

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FYP

Mack

[Hornacek]

Just the other day my boss asked me to borrow $.25 so he could buy a drink in the vending machine.

[pyroponic]

Seeing that we don't know you or your friend, you mind describing sort of what kinda of trouble he is in? This would help us give better advice. Also the extent to your relationship would be helpful.