EvenBob
EvenBob
Joined: Jul 18, 2010
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February 15th, 2012 at 12:41:35 PM permalink
Munchkin's book 'Gambling Wizards' has a chapter on Cathy
Hulbert, who was on Uston's team and another team that
went all over Europe in the late 70's and early 80's. She gives
a lot of insight into what a rotten job it is. And they made lots
of money. Casinos were loathe to share info on counting teams
in those days and it was long before the internet. Today, your
pic is sent all over the place and they know you're coming before
you do.
"It's not enough to succeed, your friends must fail." Gore Vidal
buzzpaff
buzzpaff
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February 15th, 2012 at 12:44:36 PM permalink
On a sidebar Ken's daughter is trying to get a movie done on her dad's life. Evidently she has forgiven him for abandoning her mother
and his 2 children to chase his addictions, gambling and drugs. I think before counting he was President of the Pacific Stock Exchange??
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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February 15th, 2012 at 2:20:51 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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February 15th, 2012 at 4:09:50 PM permalink
Quote: buzzpaff

On a sidebar Ken's daughter is trying to get a movie done on her dad's life. Evidently she has forgiven him for abandoning her mother
and his 2 children to chase his addictions, gambling and drugs. I think before counting he was President of the Pacific Stock Exchange??



He was some high level there, I think a vp or something. To me he wasnt addicted to any one thing but rather was addicted to 'the life' or at least the glory parts of the life. Think about it. He had his dream at a very young age. But he was a nobody outside his office. At the casino he had pit bosses, waitresses, and spectators fawning all over him. He craved the spotlight. How many counters do commercials for a casino?
All animals are equal, but some are more equal than others
EvenBob
EvenBob
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February 15th, 2012 at 4:34:44 PM permalink
From the articles I read over the years by people who knew
him, he was pretty much a jerk. He was a bad counter and lost
track constantly and had to get the count from those around him.
He refused to let women play at first, he thought they were inferior.
He flat out refused to use any cover in the casinos and went hammer
down right in their faces and got thrown out again and again. He had
a huge ego and was a big party guy, it came as no surprise to anybody
who knew him that he died the may he did, mysteriously.
"It's not enough to succeed, your friends must fail." Gore Vidal
buzzpaff
buzzpaff
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February 15th, 2012 at 5:25:34 PM permalink
I had no hard feeling about guys chasing a dream, just don't leave your wife and 2 kids behind. I can not count the number of high rollers or guys who were always where the action was, and 6 months behind on child support. TALK ABOUT LOSERS>>>
Josh
Josh
Joined: Feb 19, 2012
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February 19th, 2012 at 12:03:50 PM permalink
Hook, you raise a good point, and Mike provided a kind of answer on the show when he mentioned his own experience losing money as an investor in an unsuccessful blackjack venture. I have no doubt that most attempted team operations lose money. Even for those that succeed the money--even for team managers and the biggest investors--doesn't tend to be the kind of money that sets you for life financially. A hugely successful count team might take a few million dollars out of the industry in the course of a year, but that money is going to be split many ways. No one person walks away with a million dollars. And the second year is always harder than the first. It's a rare team that ever gets to a third year.

Of course--as several here have suggested--any truly extraordinary money that is getting taken out probably derives from lesser-known techniques than conventional card counting and is not likely to be the subject of a published book.

Elsewhere in the thread: some have voiced doubt about the figure Mike and Bob cited for the book advance. I'll acknowledge and endorse their doubt. Skepticism is essential when you're trying to find an edge.

Elsewhere, still: someone has said, repeatedly now, that the low six-figure income I made on a couple of the strongest years is unimpressive. I agree.

The title, 'Repeat Until Rich,' published by a person who was broke at the time, is plainly ironic. There is no richness here. That's the theme and sole message of the memoir.
Josh
Josh
Joined: Feb 19, 2012
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February 19th, 2012 at 12:03:51 PM permalink
whoops, posted it twice somehow? trying to delete here but i can't figure out how to do that. yes.

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