Quote:
Originally Posted by
Alan Mendelson
It's sad that he cant take off. He can't let an employer pay for his retirement. He cant have an employer pay for his health insurance. He doesn't get sick pay.
And he's DEPENDENT on a stop loss strategy. He knows that he cant blow thru his bankroll because his bankroll is his job. He must conserve wins and he must limit losses.
Unlike someone with a job he cant replenish his gambling bankroll with his next paycheck.
Frankly he's the poster child for why a stop loss program is essential. If he loses too much he loses his chance to work and his chance to win.
I don't get this post at all.
KewlJ can take off any time he wants. He doesn't get paid, but theoretically he's saved up the same as if he had unemployment insurance. Saving like that takes discipline.
For most of these APs, the APing IS their job. They just cut out the middle man and handle their insurance and unemployment themselves.
APing can dry up any time. True dat, but so can any business. And it's rare for someone to "age out" of APing, although I can see that happening in poker.
As far as a "stop loss program," that's gobbledygook. If you play properly bankrolled and adjust play to the status of the bankroll, it'll take a minor miracle to bankrupt you. I don't know to what extent people consider me an AP, but I work on percent of profit. I have losing years. That's as in I make no money in total for 365 days. Zero. I have to be able to handle that. If someone playing blackjack is playing properly for the size of their bankroll, and they are in danger of bankruptcy, it's a minor miracle or the rules have changed or they've joined ZK on tribal land or they are blowing money on other forms of gambling. It isn't going to happen.
What Alan said can be applied to private investigators and independent realtors and football coaches.
