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NOTE: This article is adapted from our
full report, SUCCESSFUL
GAMBLERS. The full report is approximately 8,000 words, 3
photos, 19 pages, available
at our Order Page,
sent attached to email as a Microsoft WORD document (".DOC"
file). Your cost for the full report is $10.00 mail gisstablet01@gmail.com to get full email |
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Listen to this story from
Sonny Reizner: “My career was full of ups and
downs, and all was definitely not a bed of roses,” he said. “Winning
was by no means a continuous uninterrupted happening.
“Shortly
after each of my four children was born, I bought educational insurance
policies for them. The first four months of the year I paid substantial
premiums for my oldest daughter, the next four months for my youngest
daughter and the next four months for my oldest son, with a lump sum at the
end of the year, paying the premium for my youngest son. I
made those payments for sixteen years and I was proud of the sacrifice
and plans for my children and their future.
“Then it
happened. You might say it was the inevitable, where sometimes in a lifetime
of gambling one reaches the nadir of despair. I experienced a most prolonged
and profound losing streak. It seemed that nothing I could do would turn it
around, backing off, decreasing my bet size, quitting for awhile
or what-have-you. I gradually depleted my bankroll, the essence of a
gambler’s business. I went broke.”
To a
professional gambler, of course, cash is his inventory, like flour to a baker
or cars to a car salesman or clothes to a clothier. Without inventory,
without cash, a gambler is simply out of business. He is left without
inventory, without tools and equipment, without a chance to make a comeback.
Sonny
explained, “In order to continue, I had to withdraw all the funds I had
accumulated over sixteen years for my children's educations. My confidence was
at its lowest ebb. I knew no other way except gambling on sports to support
myself and my family in the style they were accustomed. I took the money set
aside for my children's education and started all over again with a fresh
bankroll.”
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Here's a story from Lem Banker from our report, Successful Gamblers. Lem talks
about his brushes with the law as a young man: "...The police in
New Jersey...if you wanted to work, you had to pay them off and (there were)
a bunch of crooked cops, so I decided I wanted to go where gambling was
legal, and I moved to Las Vegas, and I have been out here since 1958...I came
out and I was broke."
Having a daughter
on January 1, 1960, Lem recalls, "...I had
no money...I bet $300 apiece and I won both bets; Six hundred dollars to pay
the hospital...If I had lost...my wife might still be in the hospital,
(laughing).
"It
was touch-and-go for a long time, I ran a couple of books downtown, the old
Saratoga Book which is now Leroy’s and across the street the following years
was the Derby Sports Book. The fellow that ran that retired after that
interstate law came into effect, the Kennedy Law. So I took over the sports
there with no bankroll and whatever money we took in that day we paid off the
winners from the previous day; - that is how small of a bankroll we had.
"Then
I saw that it was just a rough business, a lot of hours and there were a lot
of illegal bets and we were getting only just a little bit of action. There
was a lot of pocket books around town with guys working out of their
apartments. I decided I would be better off being a player. I made most of my
income betting, but I was never a big success until 1964. I had about $10,000
to my name, which was quite a bit of money. Southern Cal was playing Notre
Dame, and it was the final game of the season. Notre Dame was the number one
rated team in the country, undefeated, untied, a bunch of All-Americans on the
team…And I knew South Cal was getting some players back and this was a big
game for them and if they won this game there was a good chance they were
going to the Rose Bowl. Notre Dame was already in.
"I
took 10 points in the game and I invited 6 of my friends to fly to LA, as my
guests, and checked into a Beverly Hills Hotel. I hired a Limo and I figured
if I lose I am going into another profession, - but I wanted to go out in
class.
"I
hired the Limo and we pulled up in front of the Coliseum and a friend of mine
saw us and, gee, must be some big movie actor. He saw me get out with my wife
and about 6 other friends. (laughing)
"Like
I said, I took 10 points in the game and at halftime Notre Dame was winning
17 to nothing, but Southern Cal had turned the ball over many times.
"I went down to the concession at
half time. I usually don’t eat hotdogs at a game but I went down, I just
wanted to get away from my friends and I heard people saying this is the
closest 17-nothing game they have ever seen. Well, to make a long story
short, South Cal came back and scored 20 and ended up winning the game. I not
only won the bet they won the game outright 20 to 17. That re-established me.
I regained my confidence…
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