The following is a small excerpt from:
Gambling Wizards – Conversations with the World’s Greatest Gamblers
by Richard Munchkin
For those of you who didn’t know, Richard Munchkin is the brother of backgammon player and author Jake Jacobs. Who has penned many backgammon books, but is also the author of a great fiction book, The Battered Butterfly.
In Gambling Wizards, Munchkin interviews gamblers from several disciplines. Interviewees are Billy Walters, Chip Reese, Tommy Hyland, Mike Svobodny (BG!), Stan Tomchin, Cathy Hulbert, Alan Woods and Doyle Brunson. There’s something for everybody in this book and all of it is entertaining and informative.
From Chapter 2 – Chip Reese (He is speaking of Nick Vachiano, poker and pool player).
The only downside he (Vachiano) had was that when he was winning, he was a hit-and-run guy. He’s win a little bit and if he lost, he would go for a number (take a big loss). Most of the time he won, because usually, during the course of a session you get ahead a little bit. So he booked a lot of winners and very few losers, but when he did book a loser it was a big one.
I remember one time we were playing $300-$600 (seven card stud) at the Flamingo and Nick was losing about $40,000. …The game had been going on a long time and I quit, There were a couple of other guys who didn’t want to play short-handed, so the game was going to break up. Nick says, “Hold it.” …He gets up and takes me to the cage. He goes to his safe deposit box, and he’s got a big box. I only had a little safety deposit box – I had about $300,000 in it and I was proud as hell….He opens this big box and he probably had a million dollars in it. He says, “See this here. You know me. I always win and I leave. This is the only time you get a shot at this money – when I’m going off (losing and steaming).” He says, “Are you sure you want to quit?” You can tell when a guy is in heat from gambling. I smiled and said, “You’re right. Let’s go back and play.” He went off for about $200,000 in that game. He talked me into staying and winning a bunch of money.
You can get Gambling Wizards from Flint’s Carol Cole here Flint Backgammon Boutique or any online bookstore.