Thursday, 28 April 2011

THE SMART MONEY or how to beat Vegas

So who's the "SMART MONEY', the odds are not you. Not me either but in The Smart Money: How the World's Best Sports Bettors Beat the Bookies Out of Millions, the story of a gambler who takes on the bookmakers and wins consistently is one of the most enthralling books that has been written on the subject. This is the true story of how Micheal Konik a sports and gambling writer gets recruited as a shill better for a secret betting syndicate known as the Brain Trust, headed by rick"BIG DADDY" Mathews. It follows Konik as he places increasingly larges sums for the syndicate, pockets big cash, has threesomes and generally enjoys the comped Las Vegas Life. Konik starts to wear under the pressure of the life, getting money out of bookies ain't always easy. But in the end Konik definitely gets the best of it, learning enough to start his own gambling syndicate. A great book, totally and entertaining and informative enough to encourage you to blow your paper thinking you can be the SMART MONEY



If you liked the SMART MONEY  and actually would like to learn a little more about gambling I would suggest also trying this book, Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street which traces the formulation of the Kelly criterion .Which if you don't at least know about, you probably shouldn't be gambling / investing (Whats the dif?) at all. This book includes tales of MIT mathematics professor Ed Thorp who earned a small Vegas fortune by "counting cards" then wrote about it in Beat the Dealer: A Winning Strategy for the Game of Twenty-One, this was followed by teaming up with Claude Shannon the father of information theory to take on the Roulette tables. Again an interesting book about modern gambling pioneers who actually have managed to play and win



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