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  1. #51
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    Quote Originally Posted by Jack meoff
    People will drop out and the pot dwindles down to a couple playing? I win this month you win next month, WTF.
    Hear you loud and clear. Seen it happen.
    Nobody has dropped out here.
    Amazing, ain't it?

  2. #52
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    Quote Originally Posted by 9999
    the thrill of the game.__________________
    Sounds like a kid in a candy store!
    Or a newbie in Bangkok...

  3. #53
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    Quote Originally Posted by 9999
    Hang on, is it 'next time' or until everyone else has won?
    Yes. Until everyone else has won, I believe.
    I don't understand it entirely.
    That's why I want input from others here...
    Most Thais seem to play this game, mostly female, but not all...
    And they don't NEED to play if Falangs already have money, but some still do...

  4. #54
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    Thanks Hawkeye:

    Quote Originally Posted by hawkeye View Post
    If run with the right people it does work.
    1 Usually the 'group is small and every one knows each other.Often 12 tickets available so the scheme runs for a year with monthly payouts. Some take a ticket some may take 2 or more.
    2 The organizer gets the first draw.
    3 For the following draw (s) any one of the group who wants the pot makes an offer usually a few hundred baht over the monthly amount. This extra goes into the fund and at the end of the payouts the last person collects the amount plus any of the "extras" paid in. As they have waited some months, usually a year it is a form of interest.

    Had one scheme here that had 45 people in it and half way through 10 of the winners stopped paying in and it went belly up. Everyone was paying in 3000 b per month, so a lot of money lost, and much bad mouthing.
    Locals with money some times will be in 15 plus schemes all running at the same time.
    So good and bad to the whole schemes.
    HAWKEYE
    Some interesting info here...
    Some differences...
    Like playing pool...house rules apply, I guess...

  5. #55
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    sorry bb just wasted my time on this one, i thought you were into something else my bad

  6. #56
    Molecular Mixup
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    I don' know ...
    but I bet there's a a Thai farang wives thread on the internet somewhere
    about how dopey husbands lose thier cash on the western stock markets.
    I can hear them say
    '' i wish he would just put the money in the bank,
    instead he thinks he is a slick wall street trader , and now his shares have been diluted by a new issue, but he keeps saying if he just keeps then in a draw for a long enough time ,they will bounce back .
    I'm sure he believes in magic..''

  7. #57
    better looking than Ned
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    Quote Originally Posted by BaitongBoy View Post
    Quote Originally Posted by Rigger
    Yes you are wrong to think your wife won't get foked over because she is connected.
    And her level of connectivity is?
    Right, you have no idea...

    Quote Originally Posted by Rigger
    People who get involed in the game don't have.
    What does this mean?
    Your the one that said she won't get foked Over because she is connect. which as most of us know Thai act first and think later.
    And the rest means only a retard would get involved is this.

  8. #58
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    ^Wish I could respond, Rigger.
    But, I'm not sure what you are trying to say, or infer.
    But thanks for your thoughts on the matter...

  9. #59
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    Quote Originally Posted by BaitongBoy View Post
    Quote Originally Posted by The Master Cool
    Mine works, gets paid, and then uses money from her bank account if she wants to buy something. Strange concept I know.
    We all envy you...lol...
    No need. Women have been allowed to work for decades. There's millions of us married to them.

  10. #60
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    ^Sounds cool to me...
    We've worked hard for many years, too...
    Agree with you 100%


  11. #61
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    555!

    Quote Originally Posted by bobo746 View Post
    sorry bb just wasted my time on this one, i thought you were into something else my bad
    Good one, bobo...



  12. #62
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    Hello guys and girls !! Newbee here...

    Just to let you know, this is very commom practice amongst the chinese small business owners. It ensures cash flow for emergency purposes...in time of plenty, the money just rotates around the group members and, if for unforseen reason a member has dire need of money, he can access the funds with minor interest. It is a very effective method when used properly as a communal back up business funding...You just have to make sure none of the members have shady characters and all have tangible assests, preferably income producing assets. Cheers

  13. #63
    Thailand Expat Hampsha's Avatar
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    The female security guards did this where I used to work. The second or third round the female security guard in my building left with her boyfriend and their kid. She had wanted to leave for some time so I wasn't surprised. I guess she screwed over the other members of the game. II works but you really need good people involved. Back in the states, I used to work with Lao people and they used this system to get down payments for cars and other things. Just imagine getting off the boat to America getting a job and in no time you have a bright shiny new car to go to work in. It really made a difference in their lives. It is a way to save despite what people think. It's just a great exploitation opportunity for the corrupt and god knows asia has a bountiful amount of them.

  14. #64
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    Thanks Anamari:

    Quote Originally Posted by anamari View Post
    Hello guys and girls !! Newbee here...

    Just to let you know, this is very commom practice amongst the chinese small business owners. It ensures cash flow for emergency purposes...in time of plenty, the money just rotates around the group members and, if for unforseen reason a member has dire need of money, he can access the funds with minor interest. It is a very effective method when used properly as a communal back up business funding...You just have to make sure none of the members have shady characters and all have tangible assests, preferably income producing assets. Cheers
    And welcome to TD...
    Yes, the 'players' have to be well-chosen...
    This is paramount.
    They have few options when it comes to getting money here.
    Almost no bank will touch them...
    But, of course, there are ways around that, too...
    I know of false statements printed by bank representatives...for a fee, of course...


    You gotta love it when you see this...




    White rice....I shit it...

  15. #65
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    Shit Happens:

    Quote Originally Posted by Hampsha View Post
    The female security guards did this where I used to work. The second or third round the female security guard in my building left with her boyfriend and their kid. She had wanted to leave for some time so I wasn't surprised. I guess she screwed over the other members of the game. II works but you really need good people involved. Back in the states, I used to work with Lao people and they used this system to get down payments for cars and other things. Just imagine getting off the boat to America getting a job and in no time you have a bright shiny new car to go to work in. It really made a difference in their lives. It is a way to save despite what people think. It's just a great exploitation opportunity for the corrupt and god knows asia has a bountiful amount of them.
    Yeah, that's the risk when you don't really know the people you 'play' with.
    We know the people here and also know where they work, how much they make, etc.
    When you're in a tight group, it works...

    The other gambling games can be much worse.
    I would dabble, but I don't understand the game...
    My main rule. Don't know, don't play...
    I once was brought to a 'tight' game where these ladies sat around throwing money down at the speed of light...
    Watched for one full hour and left.
    Didn't understand a fcking thing about the game.
    One lady 'gave' me 20,000 baht to play with...
    Told her no...I don't know the game...


    White rice and rubies (wtf?)...I shit 'em...

  16. #66
    sabaii sabaii
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    Sounds a bit daft to me, what I've read on here, like one of those pyramids, but here the organiser takes all the interest and acts as a loan shark.
    If these people put money in the bank on a regular basis they would build up a credit rating anyway

  17. #67
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    ^ That's the paradox. Why would someone with healthy finances and a good credit rating need to do this. Fair enough for the game factor but it's worthless as a means of genuine saving / borrowing. And what i 2 (or more) people are in a bind at the same time? Bet there's been a few altercations over that.

  18. #68
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    ^Mai sabai, indeed...

  19. #69
    sabaii sabaii
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    What happens if the first winner dies ?

    It must be some kind of charitable community thing

  20. #70
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    Quote Originally Posted by sabaii sabaii
    What happens if the first winner dies ?
    At the risk of 'waxing philosophical' here, who really knows?!!!

    Seriously, look at all things Thai, and Asian, to some degree, and you'll find yourself asking this question a lot...What if he/she dies?
    It doesn't seem to enter the equation here...
    Different concepts of time and space, etc.....

  21. #71
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    ^^ Maybe they get a discount in funeral fees.

  22. #72
    sabaii sabaii
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    Quote Originally Posted by BaitongBoy
    Had 19 ladies from the tambon, each contributing at least 3,000 baht.
    Quote Originally Posted by BaitongBoy
    They meet each month at our place and draw pieces of paper.
    Quote Originally Posted by BaitongBoy
    Some of the players have more than one 'share.'
    Quote Originally Posted by BaitongBoy
    My girl has 5 shares, so she pays in 15,000 baht every month.
    Quote Originally Posted by BaitongBoy
    First pot was over 60,000 baht.
    By my maths the first pot should have been over 70,000 baht at the very least, if some people have multiple shares

  23. #73
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    Perhaps BB's missus is on to something and playing the loan shark. Maybe learned a trick or two off the old man.

  24. #74
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    Quote Originally Posted by sabaii sabaii
    By my maths the first pot should have been over 70,000 baht at the very least, if some people have multiple shares
    May well have been...
    But then, over 60,000 baht is correct, as well...

  25. #75
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    It's A Chinese Thing?

    Quote Originally Posted by 9999 View Post
    Perhaps BB's missus is on to something and playing the loan shark. Maybe learned a trick or two off the old man.
    Her pa was Thai.
    Ma was Chinese.
    She was raised by ma's friend, who is still alive...
    And she learned how to make money from watching/listening to her before she could walk/talk...lol
    This big old gal is ALL about money...we don't hang with her, sad specimen...
    If you ever defaulted in this old gal's game(s)...well, it never happened...

    My gal is amazingly good/kind when people are needy. Like myself.
    But you don't cross her.
    Like some Thais, she can strike like a snake...
    People here do not create shit with her.
    Some have been there, done that, and were on their knees for forgiveness, no shit...and that wasn't even about money...

    The old man never smoked or drank...can you believe that?
    One of the many reasons for his success...

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