John Patrick’s Money Management For Gamblers: How to Maximize Your Gambling Profits (Paperback)
Product Description
This one-of-a-king gambler’s guide to financial management teaches chance-lovers how to have realistic expectations, hold on to winnings, minimize losses, and bankroll their earnings effectively. Original.
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When I opened this book, I couldn’t put it down. Patrick’s analysis of casino money management was excellent. He offers many constructive suggestions on how to save yourself money at the various games. I then read it a second time. Although I’m sure the author has many critics of his strategies, his philosophy is sound – keep as much profit as possible when things are going good and bail out when things are heading south.
I did not agree with his feelings on blackjack being a “poor” choice especially when you are playing for profit combined with comps. You can certainly play blackjack for an extended period without getting hurt too badly while racking up excellent comp time. Even a using just basic strategy, the average player shouldn’t have his bankroll decimated too substantially unless you are playing with a shortage of funds. However, I did agree with his suggestions on attacking the dealers weak cards whenever possible.
Patrick’s chapters on Baccarat, Craps and Pai Gow poker are especially insightful although I’m sure the math wizards would roast his opinions. The author makes a good point that most of us who make a couple of trips a year to a casino are not playing in “the long run”. We need to get the most bang for our buck while not losing our shirt.
I believe this book would be an excellent addition to any casino visitor’s library. There are very few titles out there dealing with just money management alone. Combined with a few good strategy books, the player would have an excellent chance of coming out ahead.
I consistently lost money gambling until I read this book and let the message sink in. Especially the information on sports wagering. That’s what first turned me around.
Despite heavy skepticism, I tried the ideas in this book after reading it. On the very first wager, I made 10 times the price of this book — on a bet I would have lost before reading the book.
Other people may not like the disciplined approach that John Patrick teaches. But it works for me.
This book was TERRIBLE. I actually think following this book could do more harm than good in the long run. He contradicts himself over and over on one of the main points of the book. He will tell you there’s no such thing as a hot or cold table, and then advise you to stand and watch the table for a ‘trend’ and that’s when you should bet a certain way. Now do you wonder why he continuously refers to all of the critics of his theories. He goes against mathmatically proven statistics to come up with crazy theories. I am not an avid reader or anything and ‘ain’t got no’ great english either, but his use of poor grammer (just like that)actually became distracting.
When you gamble you should have an attainable winning limit and stop when you get there. There you go, that is the only useful piece of information you will get from this book if you don’t know that already.
If you still really want to get this book you can find my copy of it in the garbage can in room 409 at the Main St Station Casino in Vegas
Hopefully someone will write a meaningful book on this topic since it is the money management and discipline are the largest problems for most gamblers.
(About me – I have been a dealer in a casino for 7 years, I have studied gaming statistics before that, and I am an avid gambler along with being a semi-professional poker player – that means i have been ranked with the pros but still have a real job)
Thanks for listening to my rant, I hope it helps