So I just got a text message that a buddy of mine was down at Salamanca earlier ( I can only assume from an all night outing). Was in the hand and hit quad 3’s only to be out beat on the river by quad 9’s…
So in theory quad 9’s > quad 3’s
However not this time, since his quads lost to quads he qualified for the bad beat jackpot (casino/poker goers know this) and to his astonishment He walked away with 30k…
So bad beat jackpot of a little over 60k…
50% him a little over 30k
25% to the winner of the hand and the rest split to the table.
Must be nice! So anywho after sitting there thinking about it, put yourself in this predicament and assume the 30k is tax free (which it is not) what would you blow it on?
Me personally:
5k to pay off the car
5k to pay off the credit cards
and I’d either invest the rest or put it all on Black! haha
after taxes… down payment on a double… rent out both sides…
Profit
mortgage with ~3percent down for a 100k house is 800 a month, so I cant imagine what it would be with 30 percent down…
Dont blow that shit on worthless crap… use it to start a future… thats a years worth of work for a bunch of ppl on here.
poker bankroll for myself. I’ve come close to hitting it about 3 times at Seneca Irving but never had someone else with a hand that beat mine (back in the day it would be aces full of jacks would need to be beat).
But last time i heard Seneca Niagra’s bad beat was over 200k.
I would start up a small biz or ind ways to make more off the 30k.
Spending it on anything would be REALLY stupid. How often does a person have 20-30K cash to work with.
That was my thought. I figure I’m doing fine managing my finances right now, and have no complaints other than I can’t buy some stuff I want. Cough e46 m3 cough… but I think with 30k cash investing it would be a hell of a way to ensure than in 5-10 years I would be very very well off.
To solve the grad school debt (kinda going away from the thread a little sorry) but look into being a T.A, I have numerous friends at UB and other assorted colleges who when coming into grad school hooked up with a T.A job and it pretty much guarentees free tuition.
+1 on the investing plan…but, i think finishing grad school, or just college in general is just as good an investment as anything else would or could be…
guess it depends on what you define an investment as… :gotme:
My prediction was that by the time I got home someone would have said either 30k on strippers, hookers, or something about Newman spending 30k on teenage girls… :lolsign:
