Posted:
#451
True,
Let me be as open and honest as I can be
Graduated high school in 1992
2 years of college before it drove me insane
Culinary school 1994 to 1996
worked at a couple of high end Italian restaurants in La Jolla CA and the gas lamp district before it became the Gaslamp District as we know it today.
Betting since the superbowl in 1996 when the packers beat the spread vs the pats by a hook
Won my first wager ever that super bowl
1997 bet the NFL Playoffs and did great
Now the Nitty Gritty
1998 OH HOW I STILL FEEL LIKE A CRACK HEAD CHASING THAT FIRST HIGH.
I was Money the entire season
Even quit my job after week 5 (HOW STUPID WAS THAT?)
didnt have a losing week the entire season
17 weeks
4 weeks of playoffs without losing, not only not losing but I MADE OVER $58,000.00 after expenses rent everything
I WINED AND DINED like KING and all my QUEENS every night of the week.
I started week 1 with 600 dollars
I found a closed pizzeria in El Cajon CA
I asked why a place like that would be closed since it was in the heart of of that city?
I had heard bad management rude behavior towards customers ...
I leased it
with all equipment there
paid 1st month last month and double security deposit
and I went off on an advertising campaign that cost me well over 30K the first 4 months.
Opened up 3 more before selling them all in 2002
in between that time
1999 to 2002 I got smoked losing nearly 20K a year
I didnt understand what happened NOW I DO
I GOT LUCKY
LUCKY
Lucky
lucky
all Luck
I learned from it I know every mistake i made along the way.
how the hell was I sooooo stupid to bet a 500 3 team parlay for the morning games hit that bet the 3500 on a 2 teamer in the afternoon then bet it all on the sunday night game
that is what I did in 1998 I did it twice and nailed it twice.
When reality hit it hit me hard
My restaurants were all a success
they saved me but I didnt profit a cent due to my gambling losses and my lifestyle of dining, escorts and fast cars.
I sold all my restaurants in 1998 to a crazy Palestinian guy who at the time i felt overpaid me.
so here i am flush with cash, and completely burnt out from the restaurant business.
I bought a house near an area called dictionary hills in Spring Valley, stole it right before the housing boom at 180K
and I rented it out and left the country
traveled all over South East Asia
Made my visa runs in Guam
Came back in 2004 to San Diego CA
tenants had moved out, and I look at my cash and I need a job, still burnt from the restaurant Biz, a friend suggested dealing at Barona valley ranch.
they had their own Blackjack dealing school and if hired you get your money back for the school.
I jumped on it
After 4 years and carpel tunnel I had the itch again for the restaurant business but this time I wanted a bar too
a sportsbar
and thats where Iv been since
I sold it Last year for 350K guy who bought it gave me 100K down then he failed to make payments on what was left
Before he destroyed the business entirely I protected my investment and gave him back 50K and Iv rebuilt the damage he caused.
If I sell again, it will be all cash.
Point Im making is
I learned the hard way, and if this forum is to help with our REAL LIFE experiences then who better than a LUCKY FOOL who had that elusive year of incrediblenous then had 4 successful restaurants but didnt see a dime of profit because the fool was a fool and a fool and his money are soon parted.
0
good read.
To all the potential LV bound Dreamers:
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