All In

I wonder if he went back to the well for another drink and if so, what happened.

I've seen some gamblers who will continue to sit at a table until they are dead broke no matter how money they have won.

No, I wouldn't do that. To me, that's a stupid thing to do but I'm glad he won.

If others believe that going all-in is the best thing for them to do, I step aside and wish them well.

On the other side of the coin, I've seen gamblers bet against the BIG MONEY with all they have and those gamblers are said to be "shooting a toothpick at a lumberyard". :D Sometimes you can't win in some people's eyes.
 
A fool and his money are soon parted.

An entrepreneur who invests in a carefully constructed venture, even if he/she fails, does not fit into this category. Life, as several have pointed out, is, on many levels, a gamble in the first place, but the gambles that are the very fabric of life must not be confused for the discretionary, reckless gambles that some cannot seem to steer themselves away from.

Betting very high relative to one's own resources doesn't show heart, just indiscretion.
 
Jimmy Mac said:
Has there been any book written about a pool hustler who didn't go broke fairly regularly? Wimpy, Cornbread, Jersey Red, Danny Diliberto? Even after huge scores.
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I posted this in another thread recently and it seems appropriate for this thread too:
Originally Posted by PoolSharkAllen
I recently read a book on the gambling exploits of "Cornbread Red." Two times in the book, it mentioned the gambling jackpots that Cornbread had. The first time, he won $90,000 while playing craps in Las Vegas. Within a few days, he had spent or gambled away all of the money he had won.

The second jackpot was when Cornbread won over 50K at a pool gambling match. Once again, Cornbread spent or gambled it all away within days.

It seems like many pool players who gamble have a warped perspective about money and how easy it is to lose it.​
 
I have never been one to do alot of gambling. When I do I try to do it as intelligently as I can, and I do it to a personal limit, and I do it for entertainment. Anyone that goes ALL IN while gambling instantly falls into my personal category of being an IDIOT. It doesnt matter if they win or lose, they're an idiot for taking the ALL IN risk. There is nothing intelligent in that form of decision making.

As to having Heart, and as it applies to playing pool, you can show heart by how you conduct yourself, by the effort made at the table through your decisions and shotmaking, and by the expressed commitment through your actions at the table to try to win. In all athletics the athletes that go that extra mile, that make the extra effort, that show more energy in the effort, that take the extra time with their training, are the athletes that show the most heart. Sometimes that results in a victory, sometimes it does not. But those are that athletes that get that extra respect and support from those that around to see the effort shown. And those all tend to be the most memorable moments for the atheletes and the spectators.

I'd like to think that in the years of my own playing, I'd like to think that I have had a few nice heart showing moments. And I'd bet that most everyone here in the forums have some heart showing moments for themsevels as well. Those are moments to be treasured.
 
I am not a gambler. When I was in Vegas one time I put a nickle in a slot machine so I could say I gambled in Vegas. I never looked at pool as gambling even though I supported myself with it for several years. It's odd, but the whole gambling culture of pool is something I don't understand, many of the terms and concepts are foreign to me.

With that said when I look back on my life there have been several points that I describe as "leaps of faith". After reflecting on the matter again I realize these were "all in" gambles. One of them was going to medical school. Yes, that was a leap of faith...all in. I have lost everything more than once as well, because I took a leap of faith...all in.

Interesting thread. At first I sort of ignored it as I do most threads about gambling around here, that was a mistake.
 
JAM said:
[...]
JAM <---lamb
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Jennie:

Now you know every topic on these boards evolves (devolves?) into aiming systems. Your thread is no different. So let's start.

What is LAMB? We know HAMB, which is "hit a million balls." But LAMB? Is that "luck-in a million balls"?

Please elaborate on this new aiming system. The usual suspects will come in and nose-dive your thread into the ground. Don't you just love crash-n-burn stories? They're so romantic -- romantic tragedies!

:p
-Sean
 
Where are the go all-in guys?

DavidMNienow said:
I have never been one to do alot of gambling. When I do I try to do it as intelligently as I can, and I do it to a personal limit, and I do it for entertainment. Anyone that goes ALL IN while gambling instantly falls into my personal category of being an IDIOT. It doesnt matter if they win or lose, they're an idiot for taking the ALL IN risk. There is nothing intelligent in that form of decision making.

As to having Heart, and as it applies to playing pool, you can show heart by how you conduct yourself, by the effort made at the table through your decisions and shotmaking, and by the expressed commitment through your actions at the table to try to win. In all athletics the athletes that go that extra mile, that make the extra effort, that show more energy in the effort, that take the extra time with their training, are the athletes that show the most heart. Sometimes that results in a victory, sometimes it does not. But those are that athletes that get that extra respect and support from those that around to see the effort shown. And those all tend to be the most memorable moments for the atheletes and the spectators.

I'd like to think that in the years of my own playing, I'd like to think that I have had a few nice heart showing moments. And I'd bet that most everyone here in the forums have some heart showing moments for themsevels as well. Those are moments to be treasured.
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I like your second paragraph very much, David. That is what heart is, not some silly notion that if you have the stupidity (the other defintion of heart) to bet money that you can ill afford to lose.

It would be curious though to hear from the minority who is crazy enough to do so. I haven't read any posts so far who think going all-in, is a good idea, at least in pool. I'm sure they have their own "good reasons" for doing so, but most of us are just missing their boat.

I have on many occasions in my life, bet all I had in my pocket, if that qualifies as going all-in, I'm one of those idiots. :withstupid:
 
JoeyA said:
I like your second paragraph very much, David. That is what heart is, not some silly notion that if you have the stupidity (the other defintion of heart) to bet money that you can ill afford to lose.

It would be curious though to hear from the minority who is crazy enough to do so. I haven't read any posts so far who think going all-in, is a good idea, at least in pool. I'm sure they have their own "good reasons" for doing so, but most of us are just missing their boat.

I have on many occasions in my life, bet all I had in my pocket, if that qualifies as going all-in, I'm one of those idiots. :withstupid:
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Joey:

I think the distinction is the "ill-afford" thing you hinted at above. If one has a lot of money, but not "all of it" in his/her immediate possession, but decides to go "all in" on the money they *do* have in their immediate possession with the understanding that he/she won't "get substantially or irreparably hurt" if he/she loses it, well, that's a different matter. Heck, I've done that -- emptied out the contents of my wallet (go "all in") on a bet for the pure fun of it, knowing if I lost the couple benjamins I had at the time, it wouldn't irreparably hurt me. (Sting, yes, but hurt? No.)

-Sean
 
sfleinen said:
Joey:

I think the distinction is the "ill-afford" thing you hinted at above. If one has a lot of money, but not "all of it" in his/her immediate possession, but decides to go "all in" on the money they *do* have in their immediate possession with the understanding that he/she won't "get substantially or irreparably hurt" if he/she loses it, well, that's a different matter. Heck, I've done that -- emptied out the contents of my wallet (go "all in") on a bet for the pure fun of it, knowing if I lost the couple benjamins I had at the time, it wouldn't irreparably hurt me. (Sting, yes, but hurt? No.)

-Sean
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Ok, but you know, that makes you a yeasayer. :D
 
Rationalizing all in

Except for a strategic reason an all in position is an irrational choice. The cold war between the USSR and the US was an all in position for both sides. Lucky for us no one bet.

Gamblers with big scores tend to diddle it away, almost never going all in with all of their winnings. Most people understand the foolishness of going all in so I don't think you will find anyone trying to rationalize "all in" as a good bet.
 
JoeyA said:
Ok, but you know, that makes you a yeasayer. :D
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Ah yes, the JoeyA we all love -- the one that CREATES divisive walls and even CREATES terms to firmly fix and describe those walls.

I'd rather term myself a soothsayer if I had to use any incarnation of the JoeyA-patented and coined "..."sayer terminology. Because I can predict when the JoeyA terms will cause a thread to do the death-spiral into the ground.

Ha, take that. ;)
-Sean
 
sfleinen said:
Ah yes, the JoeyA we all love -- the one that CREATES divisive walls and even CREATES terms to firmly fix and describe those walls.

I'd rather term myself a soothsayer if I had to use any incarnation of the JoeyA-patented and coined "..."sayer terminology. Because I can predict when the JoeyA terms will cause a thread to do the death-spiral into the ground.

Ha, take that. ;)
-Sean
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My God Sean! Loosen up dude.
Ok, I won't tease you anymore.. Geeze.
 
I will go all in with my "bankroll" thats what it is for. I have been winning lately, so it is fat right now. It has been a while since I was busted, at least a couple of years. This money is for gambling. It is separated from my checking, savings, investments, retirement, and even the cash in my wallet. When I get busted I loan myself a small amount to get my bankroll going again, and this cash comes out of my wallet.

A few years ago I caught a 17yo gangbanger in my truck in the garage. I am a runner, so I chased him down the steet, as I knew my wallet was in my truck, and I had about $1,500 in it. I was gaining on him, and was ready to beat the shit out of him and get my wallet back, when I remembered my loaded .40cal pistol was in the truck too. I stopped chasing him at that point, as I didn't want to get shot. The cops found my gun when they arrested him, but not my wallet. All my cash, credit cards, ID's were gone, and I had no access to my money until I could get another drivers license.

Thankfully, I had my gambling money to live on until I could get everything straightend out.
 
Several years ago a Real Estate company I did work for,(I own a pest control business), had a girl from Greece working the front desk...
We got to talking and she told me this story about her good friends from Greece...
Her friends owned 2 Greek delicatessen's here in Calif. . They had never been to Vegas before so him and his wife went on a trip there with friends...During the trip his friends introduced him to gambling...Something he had never done before..Well He went crazy and lost over $25,000.... So upon coming back home to Calif., as he kept thinking about losing that much money, he decided to gather up all his savings and go back to
Vegas to "win it back"...Do I have to tell you he lost everything....He lost both his deli's and wound up flat broke...

Another time a long time ago when I lived in San Diego, a friend of mine who owned his own home and 2 cars, had went to Tijuana to the race track...They had a big 5 where you pick winners in 5 races in a row...He won over $60,000...A lot of money back then.....He bought 2 new cars, R.V. and serveral new things....Whoops...Forgot to pay or save money for taxes...So they took back everything he bought and he even lost his home...
I used to be addicted to gambling when I was younger but I guess age wise's you up and I still gamble but control it when I do...
 
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