The Dan Plan - 10,000 Hours to Become a Pro Golfer (Dan McLaughlin)

[Pretzel]

If Dan believed in himself, he could even have a standing offer of a bet where if he loses he pays nothing, but if he wins he gets the $250 or whatever. (It would be silly for someone trying to make cash who believes he has an honest handicap to wager and pay out when he loses, because he should win and lose roughly half of his matches.)

I would take that bet in a heartbeat, along with adding on a couple side bets so I could pay for my greens fee.

[Lihu]

I would take that bet in a heartbeat, along with adding on a couple side bets so I could pay for my greens fee.

He's in financial dire straights. Unlikely, he would give you (2.3 handicap) side bets. Guessing he might only be in position to beat 12-14 handicaps playing skins with no hc adjustments?

[nevets88]

[QUOTE name="Pretzel" url="/t/45853/the-dan-plan-10-000-hours-to-become-a-pro-golfer-dan-mclaughlin/2070#post_1078163"]   I would take that bet in a heartbeat, along with adding on a couple side bets so I could pay for my greens fee. [/QUOTE] He's in financial dire straights. Unlikely, he would give you (2.3 handicap) side bets. Guessing he might only be in position to beat 12-14 handicaps playing skins with no hc adjustments?

How do you know this? I thought I read somewhere he's retained his initial nest egg amount. We have no idea what his financial situation is other than his income does not allow him to enter more tournaments. Forgot if he included instruction.

[Lihu]

How do you know this? I thought I read somewhere he's retained his initial nest egg amount. We have no idea what his financial situation is other than his income does not allow him to enter more tournaments. Forgot if he included instruction.

I read the same things, and concluded that he mistyped in his blog and actually "does not" have the initial nest egg amount?

[nevets88]

Quote:

Originally Posted by nevets88

How do you know this? I thought I read somewhere he's retained his initial nest egg amount. We have no idea what his financial situation is other than his income does not allow him to enter more tournaments. Forgot if he included instruction.

I read the same things, and concluded that he mistyped in his blog and actually "does not" have the initial nest egg amount?

That's a pretty big assumption and an egregious typing error. Why would he type the opposite of something he meant to?

[Lihu]

That's a pretty big assumption and an egregious typing error. Why would he type the opposite of something he meant to?

IDK, maybe he intended to say he has all his savings intact, but then why does he not have enough money to play the amateur tournaments that cost something like $300-400 including cheap travel and motel 6 type accommodations?

[Pretzel]

He's in financial dire straights. Unlikely, he would give you (2.3 handicap) side bets. Guessing he might only be in position to beat 12-14 handicaps playing skins with no hc adjustments?

I'd even give him a stroke a side, more than what he gets just from handicaps, to be generous and sweeten the deal!

[Lihu]

I'd even give him a stroke a side, more than what he gets just from handicaps, to be generous and sweeten the deal!

Given our estimates of his true handicap, do you really think that's fair?

To be honest, you can give him 3 strokes per side, and still beat him. I think he could beat me with straight up scores, but not a true single digit handicap.

[nevets88]

Quote:

Originally Posted by nevets88

That's a pretty big assumption and an egregious typing error. Why would he type the opposite of something he meant to?

IDK, maybe he intended to say he has all his savings intact, but then why does he not have enough money to play the amateur tournaments that cost something like $300-400 including cheap travel and motel 6 type accommodations?

It'll cost more than that and he's on a fixed income. And/or he's gun shy in entering them.

[Pretzel]

It'll cost more than that and he's on a fixed income. And/or he's gun shy in entering them.

It doesn't cost any more. Most tournaments are about $100 for the entry fee, and then traveling won't take up more than $200 even if you're staying a night there.

[nevets88]

Quote:

Originally Posted by nevets88

It'll cost more than that and he's on a fixed income. And/or he's gun shy in entering them.

It doesn't cost any more. Most tournaments are about $100 for the entry fee, and then traveling won't take up more than $200 even if you're staying a night there.

2, 3 times a month, ~6 months a year, that's a not trivial amount for a someone on a fixed income. It's hard to think of it that way when you're working.

[Pretzel]

2, 3 times a month, ~6 months a year, that's a not trivial amount for a someone on a fixed income. It's hard to think of it that way when you're working.

Someone with a fixed income has a steady stream of money not affected by inflation. That would mean he has a source of income that he could use to spend on tournaments.

[RandallT]

Quote:

Originally Posted by nevets88

Quote:

Originally Posted by Lihu

Quote:

Originally Posted by nevets88


How do you know this? I thought I read somewhere he's retained his initial nest egg amount. We have no idea what his financial situation is other than his income does not allow him to enter more tournaments. Forgot if he included instruction.

I read the same things, and concluded that he mistyped in his blog and actually "does not" have the initial nest egg amount?

That's a pretty big assumption and an egregious typing error. Why would he type the opposite of something he meant to?

I think you guys are referring to this quote:

From DanPlan:

Now that I am 4.5 years in and there are still about 3.5-4 remaining the only thing that hasn’t changed is my initial savings.

I took that to mean that he had money to start the project, and that value has changed. Just the initial value stayed the same! Lol. When I read it quickly, I honestly thought it meant that he was burning through the $$$.  Now, I have no clue. Is he saying he still has his initial savings??? If so, how? That doesn't make sense either.

[nevets88]

Quote:

Originally Posted by RandallT

Quote:

Originally Posted by nevets88

Quote:

Originally Posted by Lihu

Quote:

Originally Posted by nevets88


How do you know this? I thought I read somewhere he's retained his initial nest egg amount. We have no idea what his financial situation is other than his income does not allow him to enter more tournaments. Forgot if he included instruction.

I read the same things, and concluded that he mistyped in his blog and actually "does not" have the initial nest egg amount?

That's a pretty big assumption and an egregious typing error. Why would he type the opposite of something he meant to?

I think you guys are referring to this quote:

From DanPlan:

Now that I am 4.5 years in and there are still about 3.5-4 remaining the only thing that hasn’t changed is my initial savings.

I took that to mean that he had money to start the project, and that value has changed. Just the initial value stayed the same! Lol. When I read it quickly, I honestly thought it meant that he was burning through the $$$.  Now, I have no clue. Is he saying he still has his initial savings??? If so, how? That doesn't make sense either.

I don't want this to rathole into a discussion on his finances - I just see it from his pov. He's not making a lot of income, whatever that is and two, three hundred dollars a month for a sustained amount of time for him, is not a trivial amount of money.

[Lihu]

Okay, I stand corrected by your unfaltering defense of Dan.

Dan should take up @Pretzel to play for the $250 plus side bets. Given that Dan claims the same handicap as Tyler, it should be straight up. No strokes given or taken.

[nevets88]

Okay, I stand corrected by your unfaltering defense of Dan. :surrender: Dan should take up @Pretzel to play for the $250 plus side bets. Given that Dan claims the same handicap as Tyler, it should be straight up. No strokes given or taken.

Really? I think if you scan all my posts on this thread, my opinion has hardly been an "unfaltering defense".

[RFKFREAK]

Dan should take up @Pretzel to play for the $250 plus side bets. Given that Dan claims the same handicap as Tyler, it should be straight up. No strokes given or taken.

How do you figure this is a +EV proposition for Dan? Nothing against @Pretzel because I'm presuming he wouldn't do this but by doing this, Dan opens himself to be hustled. This would certainly be so if he does this as a standing offer which would likely have to be the case should Dan play Pretzel. Dan should be looking to raise money not risk it by gambling unless it's a series of +EV wagers and he can financially handle an initial downswing.

[Pretzel]

How do you figure this is a +EV proposition for Dan? Nothing against @Pretzel because I'm presuming he wouldn't do this but by doing this, Dan opens himself to be hustled. This would certainly be so if he does this as a standing offer which would likely have to be the case should Dan play Pretzel. Dan should be looking to raise money not risk it by gambling unless it's a series of +EV wagers and he can financially handle an initial downswing.

Oh, it would be terrible for him because he'd likely end up paying my green fee (That's the most I'd gamble for). It would tell him where he's at though as a realistic view of his progress.