re: Poker & NY Times on Online Poker, Youse Kids and Mom
A credit card at least if you run up a huge tab, there is always declaring bankruptcy as an option. If hes stupid enough to do that, well, hes a 99% guarenteed failure as a poker player anyway.
Like pantin said, loan sharks are simply not going to give a stupid kid 10k, especially if they arnt going to get paid back. It just doesnt make any sense and cannot be +EV to them in any way. The ones they target are not what you describe, they would be looking for working people that have a gambling problem and are somewhat financially backed by a job yet they need more money to gamble with. All casinos
games are -EV so they will need more money constantly from the shark. They dig themselves into a hole till eventually most of their paycheck each week goes to the loan shark for interest.
Loan sharks do not give money to poker players, the ones that do are called "backers" or "stakes" and are not loan sharks but investors in a sense. But these guys will only financially back proven successful players. Trust me, I know what im talking about.