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Top Poker Tip.

OHIMGOODOHIMGOOD Member Posts: 159
edited September 2013 in Poker Chat
When you get your Wages/Salary/Benefits......

Pay your rent, Mortgage, all bills, buy your food, get EVERYTHING that you need untill your next payday, Pay EVERYTHING you need to until your next payday. Whats left is potentially your disposable income.

Take out your beer money, hobbys money, keeping the Mrs happy money and anything else you want. What is left now should be the amount of money you can AFFORD to lose. I'm not saying throw it away, but if you gambled this money it would not impact your day to day ability to live well if you lost it.

This is all you can afford to play, then when you lose it you'll be less likely to create moaning whinging hard done by posts.
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  • calcalfoldcalcalfold Member Posts: 978
    edited August 2013
    Brilliant financial advice in general. Its all about looking at the money in and expected money out and planning ahead.

    To a large extent it is common sense, but the funny thing about common sense, imo, is that it isnt that common.
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  • NoseyBonkNoseyBonk Member Posts: 6,186
    edited August 2013
    In Response to Re: Top Poker Tip.:
    best advice was from greg raymer 
    Posted by IDONKCALLU
    Yep, don't respond to ads asking to meet at a hotel ;-)
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  • rainman397rainman397 Member Posts: 1,394
    edited August 2013
    I AM A NOVICE PLAYER BEEN PLAYING 4 2 YEARS AND HAVE LOST ABOUT 800 QUID IN THAT TIME BUT HAD A LOAD OF FUN WON SOME SMALL TOURNAMENTS. MY BUDGET IS 80 QUID A WEEK SO AM DOING WELL WITH MY BUDGET.
    DOES C4P SHOW UP IN SHARKSCOPE IF NOT I AM ONLY DOWN ABOUT 400 QUID AS I GENERALLY MAKE 20 -25 QUID A MONTH.
    ALL THE BEST RAINMAN397
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  • Lambert180Lambert180 Member Posts: 12,197
    edited August 2013
    Yeah this is generally just good life advice.

    IMO everyone should have a spreadsheet detailing all their incomings and outgoings every month (like me :p). But I'm a firm believer in not spending money you aint got, if you can't afford X car, don't get a loan just don't buy it, don't do these catalogue things of pay £5 per week cos you can't actually afford to buy it. The only thing I'd want a 'loan' for is a mortgage and that's pretty obvious that most people aint got 200k or w/e lying around.
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  • 12811281 Member Posts: 241
    edited August 2013
    maybe i don't risk enough to make any winnings significant then

    the last time i made a deposit was £20 in November 2012

    so now i just play (low stakes) from my bankroll, and happy with it.
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  • FlyingDaggFlyingDagg Member Posts: 4,146
    edited August 2013
    In Response to Re: Top Poker Tip.:
    best advice was from greg raymer  u should see poker as enteertainment if u go out for the evening down pub etc or take the gf out u going to spent £50 on a evening out when u play poker u should see it as FUN a hobby entertaining so win /lose doesnt matter aslong as u had FUN at the tables   U wouldnt expect to go to ya local casino and have a free game of poker costs money but its gd fun gd banter at the tables win is a bonus  U wouldnt expect to go to ya local snooker club and have a free game no coz its good to play snooker and entertaining u have to pay for entertainment which is a good thing coz we enjoy areselfs  sorry for blabbing on but u should see it in a diff light 
    Posted by IDONKCALLU
    What he also said was if you lose a little money playing poker then you've paid for an evenings entertainment. If you break even then you've had your entertainment for free, and if you win then you've been paid to enjoy yourself. Exactly how i look at it too.
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  • dragon1964dragon1964 Member Posts: 3,054
    edited August 2013
     But I'm a firm believer in not spending money you aint got, if you can't afford X car, don't get a loan just don't buy it, don't do these catalogue things of pay £5 per week cos you can't actually afford to buy it. The only thing I'd want a 'loan' for is a mortgage and that's pretty obvious that most people aint got 200k or w/e lying around.

    +1

    including paying the credit card off every month.
    I hate paying interest.
    The only exception is our mortgage.

    I know many people who don't understand the concept of saving for something they want or for an unexpected bill.
    After the usual bills have been paid, they spend everything that's left on "luxuries".

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  • OHIMGOODOHIMGOOD Member Posts: 159
    edited August 2013
    In Response to Re: Top Poker Tip.:
    Yeah this is generally just good life advice. IMO everyone should have a spreadsheet detailing all their incomings and outgoings every month (like me :p). But I'm a firm believer in not spending money you aint got, if you can't afford X car, don't get a loan just don't buy it, don't do these catalogue things of pay £5 per week cos you can't actually afford to buy it. The only thing I'd want a 'loan' for is a mortgage and that's pretty obvious that most people aint got 200k or w/e lying around.
    Posted by Lambert180
    No offence but aren't you unemployed? So your money is actually given to you for free in the form of benefits, so its different. When you work hard to earn you money its very different from money given as a handout because you can't support yourself.
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  • calcalfoldcalcalfold Member Posts: 978
    edited August 2013
    In Response to Re: Top Poker Tip.:
    In Response to Re: Top Poker Tip. : No offence but aren't you unemployed? So your money is actually given to you for free in the form of benefits, so its different. When you work hard to earn you money its very different from money given as a handout because you can't support yourself.
    Posted by OHIMGOOD
    Totally disagree, just because the government has a policy of giving money to the unemployed, doesnt mean that

    i) OP does not need to allocate money to essential outgoings before deciding to spend the rest.
    ii) The unemployed should feel guilty about playing online poker after paying for food/rent etc because they are living on handouts.

    Whilst I think the unemployment payouts should be made, for the most part, in food and housing tokens (and also think that on the whole too much money is getting paid out). There is no reason that they shouldnt spend the rest as they see fit.

    Unemployment gets a stigma of the "Jeremy Kyle scrounger", when in fact it was set up in order to help those who are temporarily out of work. As such people who get dole money should not feel any obligation to do x y or z with what they are given. The problem is that the government are, in my opinion, too weak to radically amend the system to prevent people abusing it.
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  • RLT16RLT16 Member Posts: 1,433
    edited August 2013
    In Response to Re: Top Poker Tip.:
    In Response to Re: Top Poker Tip. : Totally disagree, just because the government has a policy of giving money to the unemployed, doesnt mean that i) OP does not need to allocate money to essential outgoings before deciding to spend the rest. ii) The unemployed should feel guilty about playing online poker after paying for food/rent etc because they are living on handouts. Whilst I think the unemployment payouts should be made, for the most part, in food and housing tokens (and also think that on the whole too much money is getting paid out). There is no reason that they shouldnt spend the rest as they see fit.
    Posted by calcalfold
    +1
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  • somersomer Member Posts: 91
    edited August 2013
    In Response to Re: Top Poker Tip.:
    In Response to Re: Top Poker Tip. : No offence but aren't you unemployed? So your money is actually given to you for free in the form of benefits, so its different. When you work hard to earn you money its very different from money given as a handout because you can't support yourself.
    Posted by OHIMGOOD
    “So your money is actually given to you for free in the form of benefits, so its different. When you work hard to earn you money its very different from money given as a handout because you can't support yourself.”



    This is a joke right?

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  • Lambert180Lambert180 Member Posts: 12,197
    edited August 2013
    No offence taken at all. I won't go too much into my personal circumstances because ....welll, it's personal ;)

    Yes I am currently unemployed but that has only recently been the case. I'm 26 and have worked full time since the age of 16 with VERY minimal gaps in employment ever. So my sentiment still applies about managing your money, I've had a spreadsheet like the one I mentioned above since the age of about 18 and so for the vast majority of my life it has been about how I manage money that I have worked hard for.

    Whatever word you choose to use, frugal, tight, whatever, that's me.... I don't waste money and so have a substantial amount in savings which I can rely on when I'm not employed.

    I don't really wanna go down the road of this debate but in my short life I've already paid around £40,000 worth of tax... I think that pales in comparison to the small amount I've been given during periods of unemployment.

    As CCF said anyway it's irrelevant, if you get your money 'for free' off the government, does that mean it's fine to be wasteful with it?
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  • bbMikebbMike Member Posts: 3,728
    edited August 2013
    Wow, who calculates/keeps track of the amount they've paid in tax?! Only the most sadistic of sadists!

    Don't think you need to defend yourself here Paul, from what I've seen posted around I don't think ohimgood is here to make friends...
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  • Lambert180Lambert180 Member Posts: 12,197
    edited August 2013
    In Response to Re: Top Poker Tip.:
    Wow, who calculates/keeps track of the amount they've paid in tax?! Only the most sadistic of sadists! Don't think you need to defend yourself here Paul, from what I've seen posted around I don't think ohimgood is here to make friends...
    Posted by bbMike
    Lol I haven't kept track exactly but I know what my salaries have been and know roughly how much of that will get nicked off me (and times it by 10 years of working).

    But yeah I know I don't need to defend myself.
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  • calcalfoldcalcalfold Member Posts: 978
    edited August 2013
    In Response to Re: Top Poker Tip.:
    Whatever word you choose to use, frugal, tight, whatever, that's me.... I don't waste money
    Posted by Lambert180
    Nothing whatsoever wrong with this.

    I see so many people feeling they have to buy xyz to fit it, or worse still try and portray the impression that they are wealthier than they are. It is often the case that those better off (financially) are those that drive around in some ten year old motor and wear £7 shirts.

    I am not ashamed of my frugality. I think it makes perfect sense, up to a point of course.
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  • Jac35Jac35 Member Posts: 6,492
    edited August 2013
    You may not take offence Paul, but I do.
    You start 2 banal threads and then,  when Paul comments on here with his usual eloquence, you question his right to do so?
    What gives you the right to make judgements?

    I suppose I could make some.
    Your ridiculous, do games get easier as you move up stakes thread?
    Er, no.
    Thread closed

    Then this smug, patronising thread.
    What is it? "Don't spend money you haven't got"
    Genius, thanks for that. 
    Thread closed
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  • OHIMGOODOHIMGOOD Member Posts: 159
    edited August 2013
    Yeah, I couldn't careless who lives on benefits and what they spend it on that was not my point. My point is 


    If you live on handouts and can afford to play poker then losing that money is different to losing money you have worked hard to earn. You know you'll be given more free money and you can afford to lose it. Yes I can also afford to lose it, but I have to work to get it back.

    I'm not interested wether or not someone on benefits should be playing online poker.
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  • bbMikebbMike Member Posts: 3,728
    edited August 2013
    So if someone on benefits and someone in full-time employment have the same "disposable" income, then the person on benefits can afford to spend and fritter moreso because they don't have to work to "get it back"? Is that your point? Just wow.
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  • pomfrittespomfrittes Member Posts: 2,981
    edited August 2013
    In Response to Re: Top Poker Tip.:
    In Response to Re: Top Poker Tip. : No it's not my point, an it's quite clear that is not my point. Let me simplify it for you. Joe works 8 hours and earns £80 Bill is given £80 for free They both lose there £80, I suspect joe is a little more peeved than bill, as bill will be getting another free £80, joe has to go do another 8 hours at work. Simple enough for you? Not that this is really important.
    Posted by OHIMGOOD

      I have NEVER been given £80 for free
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  • bbMikebbMike Member Posts: 3,728
    edited August 2013
    In Response to Re: Top Poker Tip.:
    In Response to Re: Top Poker Tip. : No it's not my point, an it's quite clear that is not my point. Let me simplify it for you. Joe works 8 hours and earns £80 Bill is given £80 for free They both lose there £80, I suspect joe is a little more peeved than bill, as bill will be getting another free £80, joe has to go do another 8 hours at work. Simple enough for you? Not that this is really important.
    Posted by OHIMGOOD
    Oh it's plenty simple, that's what's wrong with it. I bet Bill is absolutely loving his freebie lifestyle!
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