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Here’s a fun question of the day for you

by Bill Rini on July 21, 2005

in Poker

Inspired by this thread I ran across on MetaFilter, what would you do if someone dumped $100,000 in your lap tomorrow? Let’s say, on a lark, you entered a tournament with $100,000 1st place payout and you won. Does it go into your bankroll? Do you spend it like a drunken Al sailor? Pay some bills?

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{ 19 comments… read them below or add one }

1 Abulafia July 21, 2005 at 5:13 pm

Buy a house in Italy. In the Marche, or Frosinone, near the airport or Sicilia. 100’00 will buy a three bedroom old farmhouse, outbuildings, 2500 square metres of land, and an olive and peach grove.

I’ve never seen a peach tree.

The Marche. Tuscan like landscape, Tuscan like food. No tourists, except me.

2 Matt July 21, 2005 at 5:39 pm

I might move up from $3/6 at the casino. ;-)

3 alan July 21, 2005 at 6:38 pm

Put a downpayment on a house in Santa Barbara. :)

4 Bill July 21, 2005 at 6:47 pm

In So. Cal. you can make one mortgage payment :-)

5 Bill July 21, 2005 at 6:48 pm

Personally, I think a chunk of it would go into my bankroll and the rest would be put away into savings/investments.

6 Chilly July 21, 2005 at 8:45 pm

School loans paid = Monthly payment diverted to poker. A little dollar cost averaging into the bank roll.

7 Nick July 21, 2005 at 9:02 pm

I’d pay off my auto loan, quit my job, and move to the CA Bay area. Been wanting to do it, but don’t have the cash to just pack up and leave without a job first.

8 StB July 21, 2005 at 9:02 pm

I am too responsible. At least half would go to my mortgage. A portion would go to big poker tournaments as well.

9 Joaquin Ochoa July 21, 2005 at 9:52 pm

I would give half to my folks and then purchase my mother a car on top of that. 7*3=21 G’s to my sister’s kids college fund. Then I would make a run at Vegas with the rest…stay at a cheap motel and play 10/20

10 Heafy July 21, 2005 at 11:34 pm

I’d pay off bills and student loans, splurge a little and pad the bank roll by $2K I think.

11 gracie July 22, 2005 at 10:30 am

Invest!

And hire a real honest to God poker coach.

12 Joe Speaker July 22, 2005 at 12:21 pm

Well, that’s $57K after taxes here in sunny CA. My round number fetish dicates I toss $7K into AJ’s college fund. Five G’s for the poker bankroll (including some buy-ins to the Legends of Poker events coming up at The Bike. A little shopping spree for the Mrs. Hire a landscaper to plant my slope. Take a cruise with the fam. Invest the rest.

13 StudioGlyphic July 22, 2005 at 1:59 pm

Pay off the school loans first. Invest half of the remaining amount. Increase my mortgage payment and put money into an IRA monthly.

14 StudioGlyphic July 22, 2005 at 2:00 pm

Wait, wait… this money came from a poker tournament? Set aside enough bankroll to play 30/60 and then do what I said above…

15 Johnny FlopBoot July 22, 2005 at 8:10 pm

I claim BullShit on everyone above.

I would immediately move from $1/2 NL to $10/20 NL and after losing it all in 3 weeks… I’m right back where I started.

WhoooHaaa!!

16 Johnny FlopBoot July 22, 2005 at 8:13 pm

The above comment is precisely why I can’t seem to move up in limits… or pay off any of my never-ending debt.

It’s a sad commentary on my reality…

17 Drizztdj July 25, 2005 at 1:22 pm

Little Drizz would get a boost in his college fund, dear and patient wife could buy every god-given knick-knack for her scrapbooking.

For me, another iPod :)

18 The Engineer November 9, 2005 at 11:26 pm

hell i’d get into that tournoment again! haha …. but getting noble, probably set up a scholarship program for uni students.

19 James Tomshay February 3, 2010 at 10:57 pm

I would Put $10,000 in my poker bankroll for tournaments entries. I would either payoff bills or buy a pizza shop with the rest. I’d probably go the pizza shop route so I earn money with the cash instead of dumping it to creditors.

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