Thursday, March 25, 2010

Advice From a Career Gambler

No, it is not from Faldo. It is from none other than Billy Baxter. Rumor has it Billy only plays poker for a living on the 6 month or so the football season is not in session. During those six months he beats the bookies in Las Vegas so much so, that the line moves if Billy bets early.

On avoiding pitfalls: Don’t have any leaks. Don’t have vices that mess up your concentration on betting (drinking, drugs, etc). Take care of yourself physically and mentally. And have other hobbies as distractions for re-charging.

On Money Management: The worst thing you can do is eat like a bird and shit like an elephant. In other words, when you are winning – press it up! Don’t quit after a small win. If the game is good or your selections are winning, press it some. And PLEASE do the opposite when Lady Luck is sleeping with your opponents or bookies. Back down in stakes or go do that distraction for a while.

On Poker: If you are the 9th best card player and you are sitting at the table with number one thru number 8, you are the pigeon. Play in games where you have an edge. It is ok to dip your toe in the water, but only a fool jumps all the way injust to see how deep it is.

On Sports Betting: Never bury the “lock”. Locks can be broken. Bet more if you feel very strongly, but never more than a double bet. Plod along, working your favorable selection edge and don’t risk your bankroll on one game. It is just another game and there will be more to select from tomorrow.

Hat tip to Card Player Magazine for some of the content of this article.

3 comments:

Anonymous said...

advice from a career loser DON'T GAMBLE

Anonymous said...

That's just what I want to take. Advice from an admitted loser who remains anonymous. DD

BigBriMar said...

Hey DD, That sounds like Davethedog, 4putt, apron boy, or what ever he calls himself lately.
(golf with your friends)