Game Over

General fruit machine related chat, if it doesn't fit another category discuss it here..
pierkid
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Post by pierkid »

pokerpete wrote:
pierkid wrote:
pokerpete wrote:good point. you cant get a mortgage if you gamble for a living
not so.
really. I doubt any major lenders would touch a 'pro' gambler. certainly not without records. I worked for a major mortgage provider for 3 years and we certainly wouldn't have touched it

A wise man once said "poker is a really hard way to make an easy living." I'm sure fruit machines is even harder.
A mate of mine has a mortgage from playin the fruits believe it or not.
stop the swag.
Mattb
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Post by Mattb »

Fair enough mr pokerpete. I'll carry on playing as i am though - hasn't made me broke in about 4 years of heavy play! :D

The fruits vs poker is an interesting one. Risk and reward. Poker is way more risky, but the rewrds can be far greater. I play fruities as i have a reasonable control on the outcome the majority of the time. Poker can be harder as its you against a number of outcomes, not just one.

I played a lot of cards at uni, and started playing for a bit of money too. Never took off, had an extremely hard bad beat losing a £140 pot with an ace high flush losing to some muppet who called with 2 apir and made a full house on the river. I just got so cross at losing i literally haven't played since!
"Sixty percent of the time, it works, every time!"
pokerpete
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Post by pokerpete »

pierkid wrote:
A mate of mine has a mortgage from playin the fruits believe it or not.
sorry mate, struggling.

how did he prove his income? if you work you need to provide pay slips. if you're self employed you have to provide company books.

No mortgage provider will lend money to someone who says their income comes from fruit machines unless they could prove a regular income over two years, and even then I have my doubts. I know a pro poker player who managed it but he had picked himself up a three year six figure EPT/WSOP sponsorship deal with an online cardroom so that's a bit different as he could prove income. he also had years of detailed records.
pokerpete
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Post by pokerpete »

Mattb wrote:Fair enough mr pokerpete. I'll carry on playing as i am though - hasn't made me broke in about 4 years of heavy play! :D

The fruits vs poker is an interesting one. Risk and reward. Poker is way more risky, but the rewrds can be far greater. I play fruities as i have a reasonable control on the outcome the majority of the time. Poker can be harder as its you against a number of outcomes, not just one.

I played a lot of cards at uni, and started playing for a bit of money too. Never took off, had an extremely hard bad beat losing a £140 pot with an ace high flush losing to some muppet who called with 2 apir and made a full house on the river. I just got so cross at losing i literally haven't played since!
I'd disagree with some of that. I think poker is a lower risk than Fruits. poker players can study much easier. there's millions of pages of freely available reading material. good poker players run of a dedicated bankroll, only risking a small portion of it at a time.

probably takes a different temprement to play poker seriously than fruits.
also even at low levels you can be talking about much higher sums. I couldn't play fruits for a living because the prizes aren't high enough. a good run at poker can easily be several thousand without breaking into the big games. satellites can easily get players into 5,6 or even 7 figure pay days for small initial buyins. I've personally never won more than £2k in one game but I've had dozens of £2k - £3k months
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gambogaz1
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Post by gambogaz1 »

pokerpete wrote:
pierkid wrote:
A mate of mine has a mortgage from playin the fruits believe it or not.
sorry mate, struggling.

how did he prove his income? if you work you need to provide pay slips. if you're self employed you have to provide company books.

No mortgage provider will lend money to someone who says their income comes from fruit machines unless they could prove a regular income over two years, and even then I have my doubts. I know a pro poker player who managed it but he had picked himself up a three year six figure EPT/WSOP sponsorship deal with an online cardroom so that's a bit different as he could prove income. he also had years of detailed records.
Your right pete it's almost impossible to get a mortgage without a job but there's mortgage company's that do take that risk. It's called a self cert mortgage where you tell them how much you earn and the only thing they check is the value of the house. As long as the house is worth 10% more than what your borrowing then they give it you.
pokerpete
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Post by pokerpete »

dread to think the terms and rates
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