I believe in the old “one in the hand is better than two in the bush” philosophy. It’s conservative but it works. Naturally you can use any amount for that backdoor hedge-off parlay. But at least cover that original $200 investment. I could write three hundred more criss-crossed spin-offs for teasers, Roundy’s, and parlays, even incorporating some flat plays but space does not allow it.
Read my Sports Handicapping book or work it out yourself. It’s really quite simple, you know.
Everyone Dreams of the Big Payday
I wanna tell you a story and hope some of you will see yourself in the mirror as you apply the underlying message to yourself in the casino.
Everyone dreams of the big payday, but then there are those with short bankrolls who do have the same mentality as the professional gambler and would like to take home a small profit – but they can’t, because:
- I only played a half hour and I got three more hours to kill
- I really need this profit, but the dealer and other players will think I’m cheap if I quit
- I want a comp and didn’t play long enough
- My wife will be mad at me if we leave early, so I might as well keep playing
- This is just the amount I hoped to win, but how do I tell the guys back in the office I quit with this paltry amount?
You see all those reasons that shot through this guy’s head? Self-inflicted diseases of the brain, which prevent him from having the guts to use discipline.
A Hole in the Head
Maybe some of you will remember this picture and maybe you won’t. It’s called A Hole in the Head. It was many years ago and starred Frank Sinatra, Keenan Wynn, and a kid whose name escapes me. If it was a girl I’d remember, but that’s because I’m a dork. Anyhow, Sinatra and his kid owned a motel that was going under. They needed $2,000 to pay the bills until Frank’s brother (Edward G. Robinson) could arrive in town and help them out.
Anyway, Frank meets an old high school buddy (Keenan Wynn) who is filthy rich and spends money like it’s made of cancer and should be given away. On this day, Robinson gives Frank the $2,000 to save the motel, but on the way to the bank Wynn picks up Frank and invites him to go to the track. Frank doesn’t want to admit he’s broke (except for the mortgage money) and goes along. At the track, Keenan Wynn spots the money and tells Frank to put it on number 5. The horse wins and Frank now has $9,000.
“Let it all ride,” says Wynn, but Frank doesn’t want to – he knows he’ll never have this miracle again and this money will bail him out for the year. Sinatra starts to leave.
“Hey, I thought you were a swinger,” challenges Wynn, “you’re gonna accept that paltry amount? You got no guts!”
Sinatra takes it as an insult to his manhood that he doesn’t have the nerve to bet it all. I call it stupidity but what do I know! Frank lets it all ride and you know the results (it happened in the first part of the movie). He blew it all and was devastated.