Red Joker Rules: The 35 Rules of Gambling (That Investors Should Know)

Contents......Page 4
Biography......Page 8
Introduction......Page 10
Part 1: Parlays......Page 20
Concept: The Geometric Progression......Page 22
Rule 1: Start Early......Page 27
Rule 2: Never Offer an Unlimited Parlay......Page 29
Rule 3: Keep a Reserve Tank......Page 31
Rule 4: Never Chase Your Losses......Page 33
Rule 5: Stay in Your League......Page 35
Rule 6: Gamble Your Early Winnings......Page 37
Rule 7: Don’t Get Addicted......Page 39
Rule 8: Bid Boldly, Play Safe......Page 42
Case Study: The Club Bridge Gambler......Page 44
Case Study: The Bingo Gambler......Page 47
Case Study: The Roulette Gambler......Page 49
Case Study: The Texas Hold ’Em Gambler......Page 51
Part 2: Pitfalls......Page 54
Pitfalls and the Power of Zero......Page 56
Rule 9: Never Bet Too Big.........Page 59
Rule 10: …And Never Bet Too Small......Page 61
Rule 11: Turn Down Proposition Bets......Page 63
Rule 12: Visit the Parade Ring......Page 66
Rule 13: Don’t Get in Hock to the Bookies......Page 68
Rule 14: Keep Emotion Out of it......Page 70
Rule 15: Never Listen to Tips......Page 72
Rule 16: Watch the Dealer......Page 75
Rule 17: Don’t Bluff to Bluff......Page 78
Rule 18: Do Not Cheat......Page 80
Rule 19: Engage Mathematics as Your Servant, Not Your Master......Page 82
Case Study: The Craps Gambler......Page 85
Case Study: The One-Armed Bandit Gambler......Page 87
Part 3: The Plateau......Page 90
Concept: Making the Theory of Large Numbers Work for You......Page 92
Rule 20: Sessions Are Not Seasons......Page 102
Rule 21: Seasons Are Not Sessions......Page 104
Rule 22: Don’t Think of Gains or Losses as Spending Money Until the Game is Over......Page 106
Rule 23: Manage Your Money......Page 108
Rule 24: Set Targets......Page 113
Rule 25: Reduce Risks with Time......Page 115
Rule 26: Look for a Middle......Page 117
Case Study: The Blackjack Gambler......Page 120
Part 4: Percentages......Page 122
Concept: Percentages, Odds, Ratios and Probabilities......Page 124
Rule 27: Study the Form......Page 129
Rule 28: Turn Down Most Bets......Page 133
Rule 29: Small Percentages Are Big Percentages......Page 135
Rule 30: Study Your Opponents......Page 138
Rule 31: Beware of Long Odds......Page 140
Rule 32: Never Follow a Springer to Starting Price......Page 142
Rule 33: Never Bet Ante-Post......Page 144
Rule 34: Get to Know the Trainer......Page 146
Case Study: The Professional Racing Gambler......Page 148
Rule 35: The Ultimate Rule......Page 150
Epilogue......Page 152