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Gambling Wizards
03-31-2009, 07:38 AM
Post: #1
Gambling Wizards
Here is a review of the book "Gambling Wizards."
Gambling Wizards by Richard Munchkin

For those of you who have read any of the “Market Wizards” series you need read this review no further. The book is the exact same format and premise. So if you liked any “Market Wizards” book you will like “Gambling Wizards.”

For the rest of you, “Gambling Wizards” will be anything from entertainment to a blueprint to the mind of a professional gambler. But first, what the book is not. It is not an “instructional” gambling book. There is a glossary of gambling terms and a few questions talk about the play of the games. But you will not find a basic strategy chart or any other direct advice on play. In fact, if you do not know how to play the games you may be more confused about how play goes after reading it that before.

Also, do not expect to be reading a “how to” book on being a professional gambler. No direct coverage of game selection, money management, or anything like that. The book is nothing more than a “Q and A” interview like “Playboy” magazines has with whoever they are interviewing. (Yes, the articles there are for reading, gentlemen!)

So, more on what the book is all about. It is about the “mentality” of professional gamblers. Several professional gamblers are interviewed, long-format style as discussed above. The interviews are all slightly different, indicating the author had some basic questions but spent much time on follow-up and customized questions based on what he knew about the people. You are just reading about their life, how they got to where they are, and what makes them tick.

From all this you can build your own idea of “what it takes” to make it in the field. Though the people were interviewed separately, you can see some similarities:

Most are male. There is only one female interviewed and she rarely came across other females in her “career.”

Most of them are college educated. Doyle Brunson even has a master’s degree.

They seem to all eventually get afflicted with the “what do I do that is worthwhile” syndrome and want to do good for the world as gambling is good for the winning gambler only.

Several get involved in stock trading on some level. Another form of gambling?

Finally, several say they trust other professional gamblers more than any “square” businessperson. They think nothing of loaning out $50,000 to a fellow pro like an auto mechanic would loan out a ratchet to his coworker. No signed documents needed, just a word and a handshake.

Along the way you will hear amusing anecdotes like the woman telling how a guy tried to pick her up saying he was on Ken Uston’s Blackjack team when she herself was really on it! Or scary times being back-roomed in a Caribbean Casino at gunpoint.

All-in-all it is a book for the mid-advanced gambler to read as you will get the most out of it only if you know the games. While not the roadmap to making it, it is a great, relaxing read. It is a little old (talks about the Clinton Administration) but hardly dated. You may have to buy it used but it is not hard to find.
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03-31-2009, 08:00 AM
Post: #2
RE: Gambling Wizards
(03-31-2009 07:38 AM)AZDuffman Wrote:  The book is nothing more than a “Q and A” interview like “Playboy” magazines has with whoever they are interviewing. (Yes, the articles there are for reading, gentlemen!)

What? There are articles in playboy Huh

Big Grin

(03-31-2009 07:38 AM)AZDuffman Wrote:  ...It is about the “mentality” of professional gamblers... You are just reading about their life, how they got to where they are, and what makes them tick.

This reminded me on the movie "Two for the Money" (2005) with Al Pacino and Matthew McConaughey.

http://www.imdb.com/title/tt0417217/

(03-31-2009 07:38 AM)AZDuffman Wrote:  Several get involved in stock trading on some level. Another form of gambling?

Difference being, it's legal and not frowned upon

(03-31-2009 07:38 AM)AZDuffman Wrote:  Along the way you will hear amusing anecdotes like the woman telling how a guy tried to pick her up saying he was on Ken Uston’s Blackjack team when she herself was really on it!

Big Grin

(03-31-2009 07:38 AM)AZDuffman Wrote:  Or scary times being back-roomed in a Caribbean Casino at gunpoint.

I thought that happens only in the movies?

Thanks for the excellent review!

"Depend on the rabbit's foot if you will, but remember it didn't work for the rabbit." - R. E. Shay
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