The Gambling Process

[DrCue'sProtege]

I've read alot over the years about how the pros would gamble for $$$ at tournaments or various places. So, since $$$ are very important to most pool players, can someone explain to me how the gambling process worked? Was it something like this for example:

1) Francisco Bustamante sees Buddy Hall in the practice room at the Sands Regency tournament in Reno.
2) Francisco asks Buddy if he wants to play after their matches. Say a race to 11 for $5,000.
3) Buddy says ok.
3) Would Buddy and Francisco be carrying that much cash around with them?
5) Let's say Francisco beats Buddy 11-8.
6) Does Buddy fork over the cash to Francisco? Pay him with a check?
7) Or did they have to put up the cash with a neutral party/observer before they started playing?
8) And did they have a spotter/referee if they had a disagreement?
9) And what would have happened if Buddy would have just told Francisco to "Get Lost, I Ain't Paying!"
10) And since most pool players aren't rich would they have taken a chance at losing, say, $5,000?

Somebody enlighten me.

r/DCP

 

[billiards_watch]

Cash on hand.
Somebody hold on to cash.
Play match.

It's pretty much like any match in your local room except each guy will have an entourage as witness.

 

[u12armresl]

Nice try DOGE agent.
I've never seen gambling in pool.

 

[Poolhall60561]

I like to pay with one of those big 2’ x 4’ tournament checks

 

[iusedtoberich]

The backers always put up the money, with rare exceptions. That's the whole point of being a pro, you don't have to bet your own.

 

[ShootingArts]

Players know they are almost certain to be gambling so they or their backers have cash on hand for any reasonable amount and often very large amounts. You never want to be short when somebody wants to bet big.

Hu

 

[Sheldon]

The big dogs had backers and/or bankrolls to gamble with.

 

[bbb]

Dont you have something else to do?
Try practicing
JMHO
ICBW

 

[The Old Jaybird]

years ago, there was a tournament in Hapeville, GA, I went down to check it out. There was some action on a "little Mexican guy", who I later learned was Jose Parica, he had a large white women backing him, who plunged her hand down between her breasts and withdrew a roll of bills about 4 inches in diameter. I don't remember who he was playing, but she put up the cash....still warm!!

It was a wild scene, lots of drinking, smoking, jam packed crowd, probably half the folks were packing heat....it was dangerous.

 

[ShootingArts]

years ago, there was a tournament in Hapeville, GA, I went down to check it out. There was some action on a "little Mexican guy", who I later learned was Jose Parica, he had a large white women backing him, who plunged her hand down between her breasts and withdrew a roll of bills about 4 inches in diameter. I don't remember who he was playing, but she put up the cash....still warm!!

It was a wild scene, lots of drinking, smoking, jam packed crowd, probably half the folks were packing heat....it was dangerous.

Too funny, when somebody first pointed out Jose to me they warned me not to mess with the little Mexican. It was several years before I learned he was Filipino.

Hu

 

[maha]

those that have backers are usually overall losers. as winners are not stupid or should not be stupid enough to share their sure winnings with someone else.

if you take the other side of this you just dont understand gambling.

 

[iusedtoberich]

those that have backers are usually overall losers. as winners are not stupid or should not be stupid enough to share their sure winnings with someone else.

if you take the other side of this you just dont understand gambling.

What!? Being backed means you get half the win (typically) and none of the loss. Plus, you can also dump. Playing on your own cash you'd need to book 75% winners to top that. Backers are a dime a dozen.

 

[maha]

you just proved my point. thank you.

What!? Being backed means you get half the win (typically) and none of the loss.

 

[book collector]

those that have backers are usually overall losers. as winners are not stupid or should not be stupid enough to share their sure winnings with someone else.

if you take the other side of this you just dont understand gambling.

Without backers , there is no dumping,

 

[maha]

luckily for many, the games are streamed nowadays so the streamers are supplying the dumped money for the show.

 

[DeeDeeCues]

What!? Being backed means you get half the win (typically) and none of the loss. Plus, you can also dump. Playing on your own cash you'd need to book 75% winners to top that. Backers are a dime a dozen.

Remember, this is the guy who stated that he only 'gambles' with players he knows he can beat. He has also said that he won't let his victims use any of their own special equipment (including jump cues and bridges).

Winning!

 

[jay helfert]

I've read alot over the years about how the pros would gamble for $$$ at tournaments or various places. So, since $$$ are very important to most pool players, can someone explain to me how the gambling process worked? Was it something like this for example:

1) Francisco Bustamante sees Buddy Hall in the practice room at the Sands Regency tournament in Reno.
2) Francisco asks Buddy if he wants to play after their matches. Say a race to 11 for $5,000.
3) Buddy says ok.
3) Would Buddy and Francisco be carrying that much cash around with them?
5) Let's say Francisco beats Buddy 11-8.
6) Does Buddy fork over the cash to Francisco? Pay him with a check?
7) Or did they have to put up the cash with a neutral party/observer before they started playing?
8) And did they have a spotter/referee if they had a disagreement?
9) And what would have happened if Buddy would have just told Francisco to "Get Lost, I Ain't Paying!"
10) And since most pool players aren't rich would they have taken a chance at losing, say, $5,000?

Somebody enlighten me.

r/DCP

#7 is your answer to most big money matches back then. And most of the time they had backers, but not always. Some players would bet their own, some would put up a share of the bet and some preferred 100% backing.

 

[Fatboy]

I don’t believe gambling should be part of pool,

Gotta get to my yoga class, bye for now

Fatboy

 

[maha]

why would you gamble with players you can't beat. that is what a sucker does. look in the mirror and see if the shoe fits or not.
a fool and his money will soon part is the saying.
a smart gambler makes or gets a game he has the best of it. the fool doesnt. if the smart gambler makes a mistake and finds out he is in trouble he quits and takes a small loss that day. but lets his wins run.

 

[ShootingArts]

Money management has always been the key to gambling. In general backers are taking a sucker bet. A very few have a sweet deal structured but it is rare. You have to have a comparatively unknown player and patience. Rare that these two things come together.

While I made a few big bets and was always willing to, I preferred small bites. No real risk as you could find yourself playing on the opponent's money most of the time. I was occasionally short for the night, never short for the week for a time period of eight or ten years. I had people wanting to back me, I had people wanting me to back them. No and hell no!

The main thing is being able to rate the other player if you don't know them. Both players are trying to hide their speed, you have to be better at it than the other person. I had a friend that had a gift for acting the fool. somehow people couldn't resist taking the bait.

Hu