Rant: Who's Also to Blame for Lindgren and Rheem Debts?

Erick Lindgren
Poker players should think twice about to whom they lend money.

I haven’t been in the poker business for that long, but I've been around long enough to realize that poker players do not respect money.

Maybe it’s the fault of the online kids? The digital currency just doesn’t have the same feel as the cocaine-laced, pissy-smelling wads that we stuff into our pockets after a good night at the cash tables.

It’s this disdain for money that has caused the likes of Chino Rheem and Erick Lindgren to turn into little poker monsters.

The pair have been outed more times than an Elton John tribute band, for their lack of adherence to the general principles surrounding the management of the green.

But should the blame of their woeful management of money fall squarely at the feet of the pair who recently won over $1.8 million between them, as they finished one-two in the $25k WPT World Championships?

I say no.

The people to blame are the ones who do not respect money. The people who think that loaning $40,000 to a complete stranger is perfectly acceptable practice.

I wouldn’t loan $40,000 to my best friend and I would certainly think twice about handing it to my parents.

Wake up and smell the Chai Tea Latte people. You don’t know Chino Rheem, Erick Lindgren and anybody else that you've played a few thousand hands of poker with.

This is the problem with this business of ours. People need to take 100 per cent responsibility for their actions and they don’t.

Chino Rheem
Chino Rheem

A wise man once told me to never put my hand in a hole that I wouldn’t put my old boy into. The same rings true here. If you're willing to give $40,000 to another poker player on good faith, then serves you right if you never see it again.

Poker players believe that they need to act this way because it’s the nature of the game. That’s nothing but an excuse to hide the fact that you have a blatant disregard for cash.

How can anyone say that they are just going to accept that they have lost the $40,000? With an attitude like this is it any wonder anyone pays the money back?

Dusty Schmidt once wrote a decent poker book called Treat Your Poker Like a Business. How many businesses would give out an unsecured loan of $40,000 based on good faith? It’s little wonder that there are so many players who are broke in this industry of ours.

It doesn’t take long to blow through $16 million. Just ask Rheem and Lindgren.

So if you don’t want to be the next person begging someone for a bowl, then sort your life out. Take 100% responsibility for your actions and start respecting the very thing that makes the world go round.

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acesacesaces 2013-06-03 01:27:17

I think it's over the line to say "haha you deserved it" but there's definitely something to the idea that if you're loaning mid five-figure sums to people you don't know too well, you might expect not to get that money back. Seems insane to me to loan someone $40k because "he was a big name at the start of the poker boom". Seriously.

Mark 2013-06-03 01:04:39

Is this a level? Are you really willing to put your name on a by line with this kind of nonsense in it? So just so we are clear, you are stating that if someone gives out a loan and doesn't get repaid "haha you deserved it!"? Are you twelve? What you fail to state in your article is that $40,000 is more money to some than others, and it isn't easy to just shrug it off. You also missed the part where Eric stiffed players in a fantasy draft because he is "cash broke". That has absolutely nothing to do with a loan, it is money owed. You sound like the kind of asshat that condones these actions because you have lived them. You continually make references to "what's wrong with this business of ours" but are consistently off. What is wrong with this business is the arrogance and absurd attitude of someone unwilling to take responsibility for what they do. Let's not forget the idiocy of people like you that serve this nonsense and call it an article.

Matt 2013-06-03 00:38:49

@Skyler can I borrow 40k to buy powerball tickets? Ever pot is 40mil or better!!!

Skyler 2013-06-02 21:16:52

Your Wrong, yes you wouldn't loan $40,000 but that's less than a Buy In at some of the bigger games. More than that changes hand in a single hand all the time, it is 100% on them for asking for $40,000 and maybe they even were very convincing to them, its 100% on them to pay back what they asked for. It seems absurd to lend $40,000 in the real world, but it doesn't seem obscene when single pots are bigger than that. They are at the highest stakes levels, from the sounding of you it's like someone asking for $400 when your playing at the $2/$5 Game. Putting blame on people lending money to minor celebrities doesn't seem obsurd, who wouldn't lend money to Phil Hellmuth, Daniel Negreanu? Erick Lindgren was as big of name at the start of the poker boom.

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