The Gambling Process

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.
W. C, Fields in Never give a sucker an even break. The Mark says, "is this a game of chance?" Fields replies, "not the way I play it".
 
the whole purpose of betting on something is to get an edge. and as a big an edge as you can.
 
the whole purpose of betting on something is to get an edge. and as a big an edge as you can.

I always got a chuckle out of strangers coming up to me wanting to play. "OK, let's play." Next words out of their mouth, "I need a spot."

Hu
 
lots of spots that are not really spots.
like the break or break and first shot for most players.
safe 8 or last two in 9 ball.
his balls wild you call yours.

strangers, ill shoot one barrel at them to find out where i stand. then adjust or quit if he is too good.

but as we all know most pool players will lose all they got if you can beat them not too badly. and you can quit as soon as you see its not a good game. win big lose small.
 
no they dont. almost all backers do a long term stake where you get your % never for just one play. only stupid backers do that .

and stupid players take the backing and should only if they are losers. if long term winners why split with a backer.
 
Do you think (a question, not a criticism) that Chohan and the like get 30% of those huge 100k plus matches?
Sometimes yes. Not just Tony.

40ish is a bit more average.

I’ve seen lower than 30% but they usually a makeup situation.

50 was back 40 years ago or small money sets when it was a lock. Road games

Nobody really knows for sure it can vary from match to match. I know this from first hand experience not guessing. I never put what the biz is in the street. I’ve had a small piece of a big match and 30-50% agreements many times. Less than 30 on the same day against a different player if we lost a big one earlier that day.

Nobody really knows except the player and backer and sometimes the backer doesn’t know…….

Ya just never know
 
Cole would roll onto town with one barrel to play Harry one pocket. A thousand a game was the starting bet. Saw Cole borrow against his cues but never saw him solicit a backer. Saw him go bust a couple times but one $25,000 winner makes a couple of thousand dollar losses acceptable. 🤷‍♂️
And oh yeah Gambling is what the uninvolved are doing. The players on the table are involved in a contest of skill. It's a pool tournament. 🤷‍♂️ Sometimes one game single elimination with the option to play another at completion. 🤷‍♂️ IT AIN'T GAMBLING!!!! 😉
 
First off, Busty playing Buddy for money is not gambling. It's a wager. There's a big difference as has been litigated and when defendants defend themselves in these court cases, they win. Flipping coins heads or tails or cutting for high card is gambling. Putting to a test your skill against mine with a prize is a wager.
 
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
Did u start playing yesterday???? Seriously, are these questions on the square??? Must have been living under a rock, not in any poolroom that's for sure.
 
First off, Busty playing Buddy for money is not gambling. It's a wager. There's a big difference as has been litigated and when defendants defend themselves in these court cases, they win. Flipping coins heads or tails or cutting for high card is gambling. Putting to a test your skill against mine with a prize is a wager.
That's just semantic bs. Everyone calls it gambling or a bet. I could count the number of times i've heard the word 'wager' used in a pool gambling situation on one hand.
 
Did u start playing yesterday???? Seriously, are these questions on the square??? Must have been living under a rock, not in any poolroom that's for sure.
You can't believe sometimes the questions he asks, that seem to have nothing to do with him or increasing knowledge. Almost like throwing darts at an alphabet board.
 
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Most of the pool gambling I’ve seen was pretty simple and usually cash only. If it was a big match, usually both guys would put their money up with someone everyone trusted before starting. At local rooms, it's rare to see massive amounts like $5k, but mid-level action almost always had some sort of “banker” holding the cash. I never saw anyone walk away from a big loss, reputations mattered too much in that crowd.
 
For a professional gambler carrying $5k isn't much money. I'm not playing out that much anymore, but i still have about $1k in my bag at all times.
 
First off, Busty playing Buddy for money is not gambling. It's a wager. There's a big difference as has been litigated and when defendants defend themselves in these court cases, they win. Flipping coins heads or tails or cutting for high card is gambling. Putting to a test your skill against mine with a prize is a wager.
If it is _your_ money being wagered. A backer's money is not your money.
 
Up through the early 2000's at least:

Good players almost always play with a backer. The reason is backers are a dime a dozen. There was no end of lower level players with some cash that wanted to feel like they were a big shot by latching onto a top player, whether that was a top local, or a legit pro. The players all knew this. When one backer would dry up, they'd go to another one.

It's a simple supply and demand thing. It has zero to do with being a smart gambler, making good games, etc. If there is a low level player throwing money at you to go play a big game so he can feel part of, you take the money and play. The split does not matter, it's free money. And usually the split is 40-50% to the player anyway.

I have first hand expertise with this at the local level being the backer, and seeing other lower level players being the backer.

Today, I rarely see action at the local level anymore. So the need for a backer is much less.

At the top pro level, I don't have first hand experience. But I'd bet hardly any pro plays on their own dime. They might occasionally put in a small percentage, but I'd say that is not even common. Efren vs Shane on the TAR match when the lights went out for 50k some dollars, Efren had a backer. Shane had a backer. Shane's backer even paid Efren 1k to play.

Filler just a month ago won all that money in Buffalo's. He had a backer that flew him there, put him up, staked him in the tournament and the action. I highly doubt Filler put up a dime (and that is 10 cents, not 10k;))

Maybe Jay can shed some light on how low level players were dying to put up money to be part of the crowd. Many of them were drug dealers. Some just had legit jobs and would put up the money.
 
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