keep correcting. First of all, I CLEARLY stated that the loan was not entirely for the tournament, this would make little sense, even for a player like RANDY, with a longgggg history of winning tournaments.
The buy in, including reby, was 170
the loan was 500, so this left money for the live game.
The chances of Randy not placing in the tournament, AND losing in the live game, are VERY remote.
whereupon, instead of getting a big check on payday, he'd make do with the 550 deduction.
Again, I'll say this: borrowing is NOT a good idea, unless you have the means to painlessly pay back, and have a winning record.
For a one-time event, you have to have even BETTER records, AND can easily pay back.
Since Randy's bills, are covered in only ONE paycheck, the second check of the month, is spendable.
This was a CLASSIC example, and I thought I was clear on that.
For most people, please don't try this.
Adam