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  1. #101
    better looking than Ned
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    Quote Originally Posted by pescator
    Anyone that has any thing to do with this is dumber than a first time farang visitor.

    Let me change that for you.

    Wife has never been into and never gambles on cards or any thing else. Mama has played it before but the wife said its not a good idea as you cant trust Thai people.

  2. #102
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    Quote Originally Posted by BaitongBoy View Post
    Quote Originally Posted by superman
    What does she work at to have that amount to play with ?
    Papa was a land developer...left 100's of millions in cash and land to children...

    If 15k / month don't matter to her I'd see it more like a way of giving some money to her friends who might need it more, and not worry too much about getting it back.

    She might, she might not. Somebody might jump ship or not. I think what's guaranteed to happen at some point is that somebody can't pay their share. Doesn't mean they won't pay eventually though. It's a micro loans scheme. But if you have been in this country for a while you know that you really can't friends to pay back whatever was loaned to them.

    BTW Good that you bring it up, I'll ask my Mrs what ever happened to her pool. I don't think it's running anymore but not sure if it ended naturally or if it imploded.

  3. #103
    I am in Jail

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    everything in thailand is a scam,underground lottery,pyramid selling,thais just love ripping farangs and each other off and feel no guilt or shame about it.

  4. #104
    ding ding ding
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    There's decent money to be made hosting gambling events, charging money for the using the venue, selling beer/food to the players. Know a lady that makes 1000 baht a day doing this and she doesn't need to gamble as a result.

  5. #105
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    Quote Originally Posted by nikster
    If 15k / month don't matter to her I'd see it more like a way of giving some money to her friends who might need it more, and not worry too much about getting it back.
    Someone has been reading all the posts here.
    Yes, you are right. We both help a lot of people here. And there is a lot of respect generated in turn.
    Look at the consequences: Borrowing money from the motorcycle mafia at 20% where payback is a real bitch (contact is a mothafucka for the 'Nam vets).
    Oh, for those who think it's a good deal...interest is by the month...if you're lucky.
    Funny how we always get the money back, don't ya think?
    Good can generate good...respect is earned over time...in any country...

  6. #106
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    Hey rigger. That's three (3) posts in a row, ffs...
    Welcome back...
    See that we've got you thinking now


  7. #107
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    Quote Originally Posted by Rigger
    Mama has played it before but the wife said its not a good idea as you cant trust Thai people.
    Why should your wife play? Like you said, she just hits you up for money when she needs it...and that's ok...I ain't knocking it...
    The truth comes out...mama has played, but now her daughter has a 'rich falang,' so she 'don't' have to play 'no more.'



  8. #108
    better looking than Ned
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    Quote Originally Posted by BaitongBoy View Post
    Quote Originally Posted by Rigger
    Mama has played it before but the wife said its not a good idea as you cant trust Thai people.
    Why should your wife play? Like you said, she just hits you up for money when she needs it...and that's ok...I ain't knocking it...
    The truth comes out...mama has played, but now her daughter has a 'rich falang,' so she 'don't' have to play 'no more.'


    Well yes a husband does normaly give their wife money to live, so they dont need to pay into bullshit loan systems that are doomed to fail. Do you really beleive you are helping poeple .
    I thought your wife was doing for fun and the chat, sounds to me she may have a control issue and does it to feed it.

  9. #109
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    Quote Originally Posted by jamiejambos View Post
    everything in thailand is a scam,underground lottery,pyramid selling,thais just love ripping farangs and each other off and feel no guilt or shame about it.
    My ex- wife and her girlfriend partnered up with a local guy to run one of these numbers games. Went swimmingly until one weekend the guy took off with all the money. When they went looking for him at his legit business location, they found two empty shophouses and the neighbours said that there was a couple of trucks loading up overnight the previous night. I mean, he took EVERYTHING!

    One of the reasons why she got ex-'d!
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    Stick with me doll and you'll wear diamonds.

  10. #110
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    Quote Originally Posted by Spin View Post
    There's decent money to be made hosting gambling events, charging money for the using the venue, selling beer/food to the players. Know a lady that makes 1000 baht a day doing this and she doesn't need to gamble as a result.
    This is the current wife's latest business venture. She took over from another local woman who used to run the local 'casino' but eventually started playing too hard with some serious high-rollers and got cleaned out. My wife and sister step in and so far, so good... have to watch the sis-in-law though as she has a real gambling bug.

  11. #111
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    My GF did it on a smaller scale with 30 people paying 200 THB each every week. Every Saturday they got together and bid on getting the pot, 6000 THB. Whoever said she would pay the highest interest got the pot i.e. 60 THB or sometimes even 100 THB. This interest called 'flower' had to be paid every week until the end of the scheme. 30 people makes 30 weeks. If you don't take out the pot you can make some money through the 'flower' as long as no one bails out. My GF had 2 shares and made about 50% profit in 30 weeks. Not bad as long as it works.

  12. #112
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    Quote Originally Posted by luibkk
    My GF had 2 shares and made about 50% profit in 30 weeks.
    But is she connected Lui?

  13. #113
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    The players

    - The Host.

    - Participants. Let’s say there are 9 participants to make the math easy. We’ll name them – Alpha, Bravo, Charlie, Delta, Echo, Somchai, Golf, Hotel, and India.

    Time: Once a week
    Amount: $1,000

    The basic idea is to pool the money each week and one participant will win the pot. With the winnings, he can invest, restock inventory or whatever.
    Week 1
    The first week, everyone brings $1,000 to the pot to contribute to a $10,000 pot. The host takes this pot so essentially, the host gets $9,000 up front with minimal investment.

    Week 2
    Here is where the action picks up. Again, everyone brings $1,000 to make a $10,000 pot. Then everyone except the host places a bid on the pot. Whoever makes the highest bid will take the pot home. Once someone wins the pot, they do not bid during future weeks, though they still contribute to the pot. Let’s make it clear and list out a sample bid.

    Alpha – $1,100
    Beta – $1,040
    Charlie through India didn’t need the money this month so they all bid close to the baseline of $1,000.
    Alpha needs the money to restock his pet store so he makes a high bid to win the pot. He’ll take home the $10,000 this week.

    Week 3
    Everyone except Alpha again brings $1,000 to the pot. Alpha will have to contribute his last week’s winning bid amount, which was $1,100. So this week, the pot is $10,100. The Host and Alpha have already taken the pot home once, so they cannot be part of the bidding. Beta through India will make a bid and the highest bidder will take the pot home. Let’s say Somchai needs the money this week and bids $1,120. He’ll take the $10,100 pot home.

    Week 4
    Contributions to the pot: Alpha ($1,100), Foxtrot ($1,120), Host and everyone else ($1000)
    The pot is $10,220 this week and the bidding ensues.
    I’m sure you get the idea by now. If you want to invest, then you would bid low and stay in the game until the end. The last one to take the pot home will be the one that makes the most money from the “interest.”
    There are some risks as well. The Host picks the participants and he should invite only honorable people into this game. If anyone bails out, then the Host is responsible for that person’s portion of the debt. Let’s stay Somchai won the pot in week 3, lost it gambling, and then left town. The Host will have to bring an additional $1,120 to the pot every week until the game is done. The advantage of being the Host is that he gets $9,000 up front to invest. He doesn’t make any money from interest, but he doesn’t pay any interest either.



    Never trusted that Somchai bloke
    Last edited by Jack meoff; 21-06-2011 at 01:06 PM.

  14. #114
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    Quote Originally Posted by tamadah
    so far, so good... have to watch the sis-in-law though as she has a real gambling bug.
    Sounds like pots, kettles, and blacks to me...
    And you're questioning my girl's decisions?
    Sounds like a good history behind this 'take-over'...555


  15. #115
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    Hello Chack-Wa:

    Quote Originally Posted by Jack meoff View Post
    Quote Originally Posted by luibkk
    My GF had 2 shares and made about 50% profit in 30 weeks.
    But is she connected Lui?
    We know what your connection is....555

    Jack me-off...who would even call their dog that...but no, that's his sobriquet...
    I shit you not...

    No offence of course...



  16. #116
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    So You Lost Money, Jack:

    Quote Originally Posted by Jack meoff View Post
    The players

    - The Host.

    - Participants. Let’s say there are 9 participants to make the math easy. We’ll name them – Alpha, Bravo, Charlie, Delta, Echo, Somchai, Golf, Hotel, and India.

    Time: Once a week
    Amount: $1,000

    The basic idea is to pool the money each week and one participant will win the pot. With the winnings, he can invest, restock inventory or whatever.
    Week 1
    The first week, everyone brings $1,000 to the pot to contribute to a $10,000 pot. The host takes this pot so essentially, the host gets $9,000 up front with minimal investment.

    Week 2
    Here is where the action picks up. Again, everyone brings $1,000 to make a $10,000 pot. Then everyone except the host places a bid on the pot. Whoever makes the highest bid will take the pot home. Once someone wins the pot, they do not bid during future weeks, though they still contribute to the pot. Let’s make it clear and list out a sample bid.

    Alpha – $1,100
    Beta – $1,040
    Charlie through India didn’t need the money this month so they all bid close to the baseline of $1,000.
    Alpha needs the money to restock his pet store so he makes a high bid to win the pot. He’ll take home the $10,000 this week.

    Week 3
    Everyone except Alpha again brings $1,000 to the pot. Alpha will have to contribute his last week’s winning bid amount, which was $1,100. So this week, the pot is $10,100. The Host and Alpha have already taken the pot home once, so they cannot be part of the bidding. Beta through India will make a bid and the highest bidder will take the pot home. Let’s say Somchai needs the money this week and bids $1,120. He’ll take the $10,100 pot home.

    Week 4
    Contributions to the pot: Alpha ($1,100), Foxtrot ($1,120), Host and everyone else ($1000)
    The pot is $10,220 this week and the bidding ensues.
    I’m sure you get the idea by now. If you want to invest, then you would bid low and stay in the game until the end. The last one to take the pot home will be the one that makes the most money from the “interest.”
    There are some risks as well. The Host picks the participants and he should invite only honorable people into this game. If anyone bails out, then the Host is responsible for that person’s portion of the debt. Let’s stay Somchai won the pot in week 3, lost it gambling, and then left town. The Host will have to bring an additional $1,120 to the pot every week until the game is done. The advantage of being the Host is that he gets $9,000 up front to invest. He doesn’t make any money from interest, but he doesn’t pay any interest either.



    Never trusted that Somchai bloke
    A different game here, Jack...
    Interesting, but lousy rules...
    Sorry for your loss...
    Now I understand your name...


  17. #117
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    Quote Originally Posted by BaitongBoy
    sobriquet...
    Had to look that up

  18. #118
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    Quote Originally Posted by tamadah
    partnered up with a local guy
    Just some guy off the street?
    Sorry for her loss, but...

  19. #119
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    Quote Originally Posted by Jack meoff
    Had to look that up
    Cheers, Jack...
    Thanks for the posts...


  20. #120
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    Quote Originally Posted by BaitongBoy
    The organizer can't 'win' until the end, where she takes everything.
    yes all the Interest at the end.
    Quote Originally Posted by BaitongBoy
    Like I said, I don't know all the facts
    Sounds more or less exactly like the same scatterbrained game.

  21. #121
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    Absolutely. I sit back sometimes...and just watch...

  22. #122
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    Quote Originally Posted by Rigger
    sounds to me she may have a control issue and does it to feed it.
    Sounds to me like you have a control issue when you refuse to let your wife play such a 'dangerous' game...Feed off that for a bit.
    Quote Originally Posted by Rigger
    Do you really beleive you are helping poeple
    ..

    Here's Rigger changing Thai culture...one person at a time...
    And he's such a moral twat...one whose sole purpose here is to worry about the poor people he gladly helps every chance he gets...

    Fcking laughable...

    Last edited by BaitongBoy; 21-06-2011 at 09:21 PM.

  23. #123
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    Quote Originally Posted by Thai Pom View Post
    My understanding of the share is that every month they "bid" on taking the pot, the one that bids most (i.e. needs a sharp injection of cash)takes the pot. So if your missus bids 3100 and a mate 3050 she gets the pot. If there is no bidders it is then drawn out.

    Here is the catch, once you have bid 3100 you have to pay that into the pot every month until the share is finished and you cannot take it again. The one person that is still there at the end can stand to take a fair pot.

    That reminds me "where did my first house here go?"

    Cheers, TP
    This type of money swapping goes on in the UK between the Thai girls. You are correct that they have to bid for the pot each month if they need a quick cash injection into their house hold budget. I am not sure if they make that person pay the monthly input plus the bid from then on but the bid money is left in the pot. Once again if no one wants the money that month I am not sure if they draw lots or leave it in the pot. The last person to draw the pot at the end of the cycle gets all the bid money plus that months pot. In the UK we are talking serious money. In the one club I heard about they were paying in £1000 each, every month and there were about 12 girls in the game. Problem was the Organiser was a Gambler, shot the pot in the Casino and left the UK for Thailand. Her hubby who I think was either Thai or Chinese ran a business and was stuck with all the girls badgering him over the money. His wife eventually came back but I left the UK for Thailand before any of the other girls got their money back, if they ever did. Bottom line is the money is at risk and as there is no official record of who paid what and who took what, if someone decides to do a runner there is little that the others can do as they have no recourse in law as money lending is illegal in the UK. Also sending round someone with a gun, meat clever or basebal bat is not the norm in the UK..

  24. #124
    better looking than Ned
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    Quote Originally Posted by BaitongBoy View Post
    Quote Originally Posted by Rigger
    sounds to me she may have a control issue and does it to feed it.
    Sounds to me like you have a control issue when you refuse to let your wife play such a 'dangerous' game...Feed off that for a bit.
    Quote Originally Posted by Rigger
    Do you really beleive you are helping poeple
    ..

    Here's Rigger changing Thai culture...one person at a time...
    And he's such a moral twat...one who's sole purpose here is to worry about the poor people he gladly helps every chance he gets...

    Fcking laughable...

    My wife thinks its a stupid idea but I really couldnt care if she did as she gets a set amount per month and she can do with it as she likes, but she has this other idea about saving
    I would never think about trying to change Thailand as I beleive its to far gone already

    But carry on and play your little thai game if you think your wife is helping people

  25. #125
    better looking than Ned
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    Quote Originally Posted by BaitongBoy
    And he's such a moral twat
    Not really I have basic morals and respect that where taught to me as a kid which still puts me well in front of most

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