Scooter Goodman - 2014 DCC

BJTyler said:
The financial industry -"Wall Street"- has helped to create trillions in dollars of wealth by aiding in the efficient allocation of capital. This in turn is not unrelated to the wealth and standard of living that Americans enjoy today vs. almost all other countries. Indicting an entire industry based upon an anecdotal presentation of misdoings is grossly unfair to both the industry and those who make a living in that industry.

...much like indicting an entire pastime and its participants for the wrongdoings of a few is also grossly unfair.
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Far from unfair but a reflection of what it has evolved into. Capitalism on steroids! A system where money trumps ethics and a society that values the dollar more than made in America. A system where Erin Brockovich exposes corporations poisoning its own people to save a buck or two. A system where exploiting the lack of child labor laws, EPA, OSHA, Minimum Wage and Tax status is praised. Jobs sent overseas cause we are cool with the misery of others as long as it ain't us!

KD
 
J Rock said:
I just happened to click on this particular thread this evening and couldn't believe how so many people were in the room and no one knows exactly what happened.

I know how many of you feel about Scooter and I have had my conversations with him as well. I'm not going to speak about the car wash incident but I feel you guys should at least know a little bit of what you're talking about.

I bet the entire amount, every penny, against Carl so I believe I have the most knowledge of the situation. My wife and I also work very hard for every dollar we have and every dollar I may put in play. I had no intention of betting that high on one game but I was pressed by a Whale when the odds were in my favor. I had not done anything with Scooter all week but he as the only one that was able to get down with Carl. I looked past Scooter and more at the opportunity. Scooter and I spoke and I decided to let him play for 10K. I was loser at the time and was willing to take a shot.

Once Scooter one the first game, Carl asked to press. I'm now getting a game on the wire to 3 so I accepted. We then had a argument about a foul that I tried to handle the most gentlemen way I could and I let them re-rack the balls. I believed in my heart it was a foul but I felt the right call would show up in the end of the set. I was wrong.

Once the set became 2-2, Carl broke dry and Scooter had no shot on the one. Carl said once again would you like to press? Scooter said No. He was super nervous and wanted me to hold the money in case we needed a 2nd set. I stood up, viewed the table, and decided it was a great bet. Scooter had an easy safe that I felt would grant him ball in hand. Guess what ... it did. I have Scooter shooting ball in hand for the entire amount. He hit the 3 too soft and had to roll the 5 on the 4 hoping for a chance back at the table. I was then hit with the river card I'll never forget. Carl made a great shot and won the game.

There was no business on this race. It was originally for 10K and would have remain for that amount if I hadn't shown so much gamble. Scooter did not once ask me to press. It was completely on me !!

I'm not going back and forth on this thread but I wanted to share the story. There was not a group that got stung but just me. Scooter did not bet one dollar on this set. It was all me. I'm the one trying to swallow it while you guys talk about so many different stories.

I'm not at all defending Scooter. He would be the first one to tell you how I felt about what he did and that I don't approve at all. He messed up and he listened to me respectfully when I told him so. We have had words in the past and I hope he does change for the better. These are individual decisions we all must make.

One more crazy year at DCC for J Rock ... I hope there is a good story one day. The great thing is, I'm home with my family and have so many things to be Thankful for. God Bless
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Calling Ken, where you at Ken?

This has you name written all over it!

Ken, you try to run out the last game with 40 thou on the line and see how much you start thinking and slow down!

Iam sure you would be so nervious, that it mite just look like a dump too.

Remember Ken, dumping and dogging look the same, no DUMPING HERE!
 
Kid Dynomite said:
Far from unfair but a reflection of what it has evolved into. Capitalism on steroids! A system where money trumps ethics and a society that values the dollar more than made in America. A system where Erin Brockovich exposes corporations poisoning its own people to save a buck or two. A system where exploiting the lack of child labor laws, EPA, OSHA, Minimum Wage and Tax status is praised. Jobs sent overseas cause we are cool with the misery of others as long as it ain't us!

KD
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I'll argue that the premises you proffer are opinion based loosely upon anecdotes and not (seemingly) any rigorous study of the American free market system. This is of course cool given the nature of this forum, but I obviously I disagree with you and hold very different views.
 
The Saw said:
Exactly.... And he has a 12-13 year track record of betting sky high! No reason to dump when you have money to the ceiling. He's way better action than Dippy and has way more money too.....
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The question then becomes how did a guy who not long ago was stealing quarters from car washes accumulate that kind of a bankroll.

Must have invested those quarters wisely. :smile:
 
alstl said:
The question then becomes how did a guy who not long ago was stealing quarters from car washes accumulate that kind of a bankroll.

Must have invested those quarters wisely. :smile:
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he's not talking about Scooter, he's talking about Carl
 
BJTyler said:
I'll argue that the premises you proffer are opinion based loosely upon anecdotes and not (seemingly) any rigorous study of the American free market system.
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Why would a Degree in Economics from University of Maryland and 5 years direct industry experience lead you to believe my statement is not based on "rigorous study of the American free market system"???

We can always agree to disagree! I worked in the industry so I wore horns and fangs like everyone else. Going in most don't know what its all about! But, over time they do and they either become the wolf or get lead to the slaughter by one. The industry is dog eat dog.

KD
 
Kid Dynomite said:
Why would a Degree in Economics from University of Maryland and 5 years direct industry experience lead you to believe my statement is not based on "rigorous study of the American free market system"???

We can always agree to disagree! I worked in the industry so I wore horns and fangs like everyone else. Going in most don't know what its all about! But, over time they do and they either become the wolf or get lead to the slaughter by one. The industry is dog eat dog.

KD
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Your resume' notwithstanding, I stand by my statement.

I currently work in the financial sector and have done so for over 25 years. But I think my experience must differ significantly from yours. My experience is not one of "churning", "slaughtering", "cornering", or "manipulating". Instead, it is one of creating real economic value for my clients and investors by taking capital that would otherwise be eroded by inflation and channeling it to worthwhile projects in the biotech, tech, and energy industries to just name a few. I think this is good and valuable work that by and large leaves society better off. The projects we fund create jobs and the returns we generate help fund scholarships, retirements, research endowments, and of course philanthropy. Are there bad players in the financial sector? Of course there are. Just as there are in every single industry and occupation. But I can say absolutely without reservation that the VAST majority of people I've encountered in my professional experience are honest men and women who attempt to create wealth through innovation and risk taking and not exploitation. In general, I think it's important to judge things by the totality of their impact, and not on some abbreviated or myopic examination.
 
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J Rock said:
I just happened to click on this particular thread this evening and couldn't believe how so many people were in the room and no one knows exactly what happened.

I know how many of you feel about Scooter and I have had my conversations with him as well. I'm not going to speak about the car wash incident but I feel you guys should at least know a little bit of what you're talking about.

I bet the entire amount, every penny, against Carl so I believe I have the most knowledge of the situation. My wife and I also work very hard for every dollar we have and every dollar I may put in play. I had no intention of betting that high on one game but I was pressed by a Whale when the odds were in my favor. I had not done anything with Scooter all week but he as the only one that was able to get down with Carl. I looked past Scooter and more at the opportunity. Scooter and I spoke and I decided to let him play for 10K. I was loser at the time and was willing to take a shot.

Once Scooter one the first game, Carl asked to press. I'm now getting a game on the wire to 3 so I accepted. We then had a argument about a foul that I tried to handle the most gentlemen way I could and I let them re-rack the balls. I believed in my heart it was a foul but I felt the right call would show up in the end of the set. I was wrong.

Once the set became 2-2, Carl broke dry and Scooter had no shot on the one. Carl said once again would you like to press? Scooter said No. He was super nervous and wanted me to hold the money in case we needed a 2nd set. I stood up, viewed the table, and decided it was a great bet. Scooter had an easy safe that I felt would grant him ball in hand. Guess what ... it did. I have Scooter shooting ball in hand for the entire amount. He hit the 3 too soft and had to roll the 5 on the 4 hoping for a chance back at the table. I was then hit with the river card I'll never forget. Carl made a great shot and won the game.

There was no business on this race. It was originally for 10K and would have remain for that amount if I hadn't shown so much gamble. Scooter did not once ask me to press. It was completely on me !!

I'm not going back and forth on this thread but I wanted to share the story. There was not a group that got stung but just me. Scooter did not bet one dollar on this set. It was all me. I'm the one trying to swallow it while you guys talk about so many different stories.

I'm not at all defending Scooter. He would be the first one to tell you how I felt about what he did and that I don't approve at all. He messed up and he listened to me respectfully when I told him so. We have had words in the past and I hope he does change for the better. These are individual decisions we all must make.

One more crazy year at DCC for J Rock ... I hope there is a good story one day. The great thing is, I'm home with my family and have so many things to be Thankful for. God Bless
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I know the highroller well, he is the best action in the U.S. Nothing wrong with taking a shot at him. You can win life changing money if you can win. No one at the Derby gambles like him. You are firing a toothpick at a haystack for sure. There is no cutting up the money with him. He wants to hurt you financially, he like the thought of it .. I don't mean to be misunderstood, he gambles high, and like to think he has the nuts !
 
CreeDo said:
It's fair to say the moderation on the forum is largely absent and sometimes contradicts itself.

But I think the actual reason for your warning is they simply don't want two guys
endlessly going at each other's throats. It's tiresome and often leaks into other threads.
After a decade it gets old.

I guess you could read his post as "I'd like all discussion of the negative stuff in pool to stop".
But I'm pretty sure that's not his intent.

He was right to admonish you guys, and he's equally right to let this thread stand.
Scooter playing a 40,000 set with possibly ill-gotten money is news.
It's not 100% positive for pool but at least it's interesting.

Lou and JB pissing in each other's cheerios is pretty much all downsides, zero upsides.
It's nice to see them get a little more strict with the "no ad hominem attacks" rule.
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Guy's like Lou won't let a bear sleep either. Always running around, looking for something to poke.
I've said many times, there are several antagonists on AZB that I think the board could do well without.
 
Mr. Wilson said:
Guy's like Lou won't let a bear sleep either. Always running around, looking for something to poke.
I've said many times, there are several antagonists on AZB that I think the board could do well without.
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Dammit, Wilson! I am here to stayay!!!
 
Palmerfan said:
Sort of a cheap shot to those of us who work or have worked in the Stocks/Bonds/Commodities/Currency Trading Business..when you say "a lot more" you should be able to back that up. I don't believe for a second that "There are a lot more "thieves" in coats and ties on Wall Street than we will ever see in the gambling world"...ridiculous statement. Dont judge an entire industry by a few infamous stories that make headlines. The Brokers/Traders I know are honest and play by the rules.

Are all MLB players cheaters because of A-Rod, Bonds, Clemens, McGuire, Sosa and maybe even 10 others??
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I meant to edit that post and forgot. Take out "wall street" and you get the idea.

No disrespect meant to anybody in that business. I'm going in to open a 529 account this week as a matter of fact.
 
BJTyler said:
Your resume' notwithstanding, I stand by my statement.

I currently work in the financial sector and have done so for over 25 years. But I think my experience must differ significantly from yours. My experience is not one of "churning", "slaughtering", "cornering", or "manipulating". Instead, it is one of creating real economic value for my clients and investors by taking capital that would otherwise be eroded by inflation and channeling it to worthwhile projects in the biotech, tech, and energy industries to just name a few. I think this is good and valuable work that by and large leaves society better off. The projects we fund create jobs and the returns we generate help fund scholarships, retirements, research endowments, and of course philanthropy. Are there bad players in the financial sector? Of course there are. Just as there are in every single industry and occupation. But I can say absolutely without reservation that the VAST majority of people I've encountered in my professional experience are honest men and women who attempt to create wealth through innovation and risk taking and not exploitation. In general, I think it's important to judge things by the totality of their impact, and not on some abbreviated or myopic examination.
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On this I must disagree! Why might you ask? Because I worked at one of the BIGGEST brokerage houses in America! I know of registered agents that were good ones that had to leave! Why did they have to leave? Because they insisted on doing their OWN research and legal would not allow it and would not allow them to recommend stocks that were not on the companies APPROVED list. You tell me you do not work from an APPROVED list and you trust the research department at your firm? You tell me they would not send you a TRO (Temporary Restraining Order) and pounce on every client you know as their own? You tell me your superior never sets up bonus structures and incentives for selling more? How do you sell more to existing clients? It is done by reallocating funds you generate revenue and commission on the sale and the purchase.

I started on the dark side at an Insurance Brokerage firm doing corporate taxshelters working licensing and compliance issues. I am directly behind the scenes making sure you guys did your CE credits? I have seen alot! I bet transactions are still being done in other agents names and you have witnessed teams formed within your own brokerage house? Why is that an issue because legal gets one agent insurance licensed in all states and they run all group sales through that agent despite the law stating that the sale must be written by the agent making the sale. The whole revenue sharing violates law. Only the agent of record is supposed to receive commission.

I have said many do not know the inner workings of the financial services industry and have no idea they are being manipulated. They get the approved list from research and hope and pray there is no funny stuff. The Volcker Rule would eliminate the firm holding losers and dumping them on clients through the approved list.

KD
 
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