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View Full Version : Ever wager money you didnt have?


TheEdge07
07-28-2013, 09:38 PM
Borrowed
Money to pay the bills
Vacation savings
Tution
Lied
Paycheck
Wife's money

Stillriledup
07-28-2013, 09:43 PM
No. Never borrowed a cent to bet.

horses4courses
07-28-2013, 09:47 PM
No. Never borrowed a cent to bet.

Ditto.
Never, ever, had to sweat a single cent I've lost.
It's still a pisser to lose - but the mortgage is always paid, there's food on the table and in the kids' college funds.

Stillriledup
07-28-2013, 09:52 PM
Ditto.
Never, ever, had to sweat a single cent I've lost.
It's still a pisser to lose - but the mortgage is always paid, there's food on the table and in the kids' college funds.

I could have borrowed to bet, i had people who trusted me and whatnut, but i didnt want to put myself in a position to have to tell someone "sorry i just cant pay you". I couldnt ever be 100 pct sure that i could pay them back, so i just never borrowed....keeping them as friends was important, and if you borrow and don't pay back, you could lose a good friend.

I've also never lent anyone money that i knew was going to be bet. I had a friend many years ago ask me for a loan and i was like "i cant give you a loan, you're just going to lose it at the track" and the "Friend" got all upset and was like "if you lend me the money i can do whatever i want with it". He got agitated that i was essentially saying that i would lend him the money only if he didnt bet it on the races. Of course, i was like "you've got to be kidding me, im not lending you money so you can blow it at the races"

Tape Reader
07-28-2013, 09:57 PM
My favorite:

Lee Travino.

• "You don't know what pressure is until you've played for $5 a hole with only $2 in your pocket."

PICSIX
07-28-2013, 09:58 PM
Anyone that has ever placed a wager through a bookie or other non-ADW has technically bet with borrowed money. :ThmbDown:

horses4courses
07-28-2013, 10:03 PM
Anyone that has ever placed a wager through a bookie or other non-ADW has technically bet with borrowed money. :ThmbDown:

Getting cash advances with a credit card in order to gamble is, also, a bad situation most of the time.
Way too tempting to run up a tab, and end up screwed.

speed
07-28-2013, 10:05 PM
Here's a thread Wiffleball Whizz could be moderator for. :D

proximity
07-28-2013, 10:13 PM
Here's a thread Wiffleball Whizz could be moderator for. :D

lol, i'd have bet borrowed money that I didn't have that this was a whizz thread!!:)

lamboguy
07-28-2013, 10:16 PM
my old saying is, that the only people that gamble are those that can't afford too.


i have borrowed money plenty of times from credit cards to gamble on new issue mutual bank and insurance stocks and did very well doing it. i still buy those issues today, but i don't need to use credit cards any longer.

thespaah
07-28-2013, 10:43 PM
Borrowed
Money to pay the bills
Vacation savings
Tution
Lied
Paycheck
Wife's money

Borrowed 20 bucks to fill out a bunch of bets. Gave the money right back after the race. Of course I hit it. Otherwise, I would have been tapped out.
That was the first and only time I ever borrowed.

thespaah
07-28-2013, 10:44 PM
Here's a thread Wiffleball Whizz could be moderator for. :D
SHOW TIME!!!!!

Stillriledup
07-28-2013, 11:09 PM
Here's a thread Wiffleball Whizz could be moderator for. :D

Whizz in 5.......4.......3.......2..... :D

SharpCat
07-28-2013, 11:26 PM
I knew an OTB manager that bet with the houses money. It did not end up well for her.

nijinski
07-28-2013, 11:52 PM
I knew an OTB manager that bet with the houses money. It did not end up well for her.

and that will follow her around for the rest of her life .
My feeling is the thrill of the sport is gone if you are going over
your head and out of control .

thaskalos
07-28-2013, 11:55 PM
I have wagered money that I didn't have, 143 times.

I have borrowed money in order to continue gambling...and I have allowed gambling to keep me completely broke from 1984 to 1989. The only thing that saved me was the fact that I met my wife later that year.

Back then...betting every single penny in my pocket on a race or a turn of a card seemed like the most natural thing in the world to me.

Other gamblers had "comfort levels" beyond which they would not dare allow themselves to go. I had to fight with myself to keep from betting my entire paycheck on a single race.

Today, when I think about those days...I could swear that those things happened to somebody else.

Sheer lunacy... :ThmbDown:

nijinski
07-29-2013, 12:13 AM
I have wagered money that I didn't have, 143 times.

I have borrowed money in order to continue gambling...and I have allowed gambling to keep me completely broke from 1984 to 1989. The only thing that saved me was the fact that I met my wife later that year.

Back then...betting every single penny in my pocket on a race or a turn of a card seemed to me to be the most natural thing in the world.

Other gamblers had "comfort levels" beyond which they would not dare allow themselves to go. I had to fight with myself to keep from betting my entire paycheck on a single race.

Today, when I think about those days...I could swear that those things happened to somebody else.

Sheer lunacy...

Probably everyone that likes to gamble will go through a time that they indulged more than they should . Good for you that you can look back
now and see the lunacy that was and your still in one piece .
I assume you are enjoying the game more now .

Hajck Hillstrom
07-29-2013, 01:09 AM
.... with a lad, but never bet on da' bangtails wit' 'em.

I'm kind of a purist that way.

:cool:

Lee Trevino was my twin brother's favorite golfer...

jballscalls
07-29-2013, 01:18 AM
In my day I was a sick degenerate with no end in site. You'll have to wait until the book comes out for the sketchy details LOL

CincyHorseplayer
07-29-2013, 01:22 AM
I have wagered money that I didn't have, 143 times.

I have borrowed money in order to continue gambling...and I have allowed gambling to keep me completely broke from 1984 to 1989. The only thing that saved me was the fact that I met my wife later that year.

Back then...betting every single penny in my pocket on a race or a turn of a card seemed like the most natural thing in the world to me.

Other gamblers had "comfort levels" beyond which they would not dare allow themselves to go. I had to fight with myself to keep from betting my entire paycheck on a single race.

Today, when I think about those days...I could swear that those things happened to somebody else.

Sheer lunacy... :ThmbDown:

Like always,that is one hell of a display of honesty from you.I have suffered at times mutually from overbetting and underbetting.Sometimes within the same day.You have corrected yourself.I'm working on it!

wiffleball whizz
07-29-2013, 03:43 AM
Whizz in 5.......4.......3.......2..... :D

Hahahahahahaha classic....saw this thread earlier and didn't wanna give a half hearted response I wanted to give the good stories.....and these are real stories....

I first wanna say how much respect I have for thaskalos to come out here and say u uses to send it in with zero regards for caution!!!! Love the honesty he brings here he tells it like it is and that's awesome!!!!

Also the other posters that weren't afraid tO say they liked to take shots!!!!

lamboguy
07-29-2013, 04:09 AM
I knew an OTB manager that bet with the houses money. It did not end up well for her.there was a guy that owned Scarborough Downs, that was a very ppor minus pool bettor, thqt wound up owing about $3 million for bets he made to Southern California racetracks, and had to sell the track to pay for his lost bets in the late 90's.

wiffleball whizz
07-29-2013, 04:22 AM
SHOW TIME!!!!!

Yes it's show time :lol: :lol: :lol:

Did I ever bet with money I didn't have? That answer is yes....BUT there are different types of betting with money you don't have.....betting wit the book borrowing to go to the casino borrowing in the middle of card game....having money for the bills but looking to gamble it etc etc etc....

Here are some of my favorite stories from when I was out of control....please note that I never stole money to gamble or even though of it.....working in a casino I have to have the highest integrity to work there....but anyways who wants to hear disclaimers you guys wanna hear stories....

In 2000 or so there was a lot of bowling action in 2 places in new York....ball park lanes and bowling on the green in staten island....guys would beg me to bowl these guys and wanted to back me.....at 19 I had the heart of a lion...looked to take people's teeth out.....these guys wanted me to go there and lose one nite and go back the next week and beat them when the big money was on the line........well that day before bowling I got chopped up at the meadowlands the action was at 1am at the bowling alley.....

Now I averaged about 220.....got recruited to wichita st but had no desire to be away from my father.....so these 3 guys are giving me the speech about not shooting big games.....I'm saying f*** that I'm looking to take it out in wheelbarrels tonight.....there betting 700 a game....I shoot 175....lose by 7...I shoot 192....lose by 7.......shoot 200....lose....then I win a game and lose a game....bottom line is they beat my guys for about 1200 after 8 games....

Now cus I'm young and reckless the guys I went with had it set up that we were gonna go back 4 days later.......well I got my own ideas...I don't need any help I'll just go Bury these guys the next night with me and my friend.....so again were bowling at ball park lanes 32 feet away from the house that Ruth built.....again I lose 350 of my 500 at the big m before I walk into the lanes....

Before we start bowling I'm playing some guy in gin....bottom line he breaks me...now it's show time....if anybody has never been to this bowling alley let me paint a picture....it's a regular bowling alley with a showcase pair basically 4 lanes all by themselves in the other part of the place....by far the coolest setup I've ever seen.....

I manage to get $200 off my friend.....now I'm going in guns blazing tonight gonna sweep the floor and get out if there with all the cookies.....I shoot 268 the first game and then 245..the next game I'm up 600 and I can't miss tonight....these are big guys I was dealing with....if they didn't want to pay me they I couldn't do anything about it.......the guy goes I wanna bowl you for 1500 this game......I say put the f***** money up.......the guys goes to his friends and musters up the money.....(never saw so many $10 bills in my life).......

Now late at night they got a cop sitting by where we were bowling cuz they had a lot of people there for that cosmic bowling bs.......so in a scene out of kingpin these guy doubles in the tenth to make me need 2 strikes to win but I got a baaaaaaaaaaad feeling.....I know I'm not gonna do it....all I'm thinking about in how will I get out of this situation.....I throw the first strike....I'm looking around I see a fire extinguisher on the wall.....right next to the approach....I know if I don't strike I got headaches a bottle of advil won't cure but I got a idea ...I get up throw the shot perfect I leave a stone 10 pin....I yell mother f**** I grab the fire extinguisher smash the ball return with it pieces fly all over the place the cop comes flying over laughing his balls off puts the cuffs on me and brings me outside..... at this point the guys that beat me are in disbelief I tell the cop can you bring the owner outside....sure enough 2 min later the owner walks out and says ya know kid I gotta hand it to you that was some shot you threw....I pay the owner $300 for the ball return (it was just plastic) the cop says your free to go I left my bag and balls inside and my friend and I just bounced.....and I walked out the door plus 300....the story does it no justice you had to see the plastic shatter


Sure I can tell you guys about the shots I took with the book but it doesn't match that bowling story.....my only out there was to shatter the ball return...And get cuffed by police.....all because I was betting money I didn't have :lol: :lol: :lol: :lol: :lol:

Grits
07-29-2013, 07:37 AM
ROFLOLOLOLOLLLLLLL

To wake up to this on a Monday morning is sheer hilarity, WhiffleBee.
Honey, you're lucky you're not in the trunk of a car, somewhere under a large bridge.

".....(never saw so many $10 bills in my life)......."

Priceless!!! Lord, am I laughing.. :lol::lol::lol:

precocity
07-29-2013, 09:59 AM
I have plenty of times but learned from my mistakes and those days are over with. :cool:

olddaddy
07-29-2013, 10:20 AM
The way I look at it, everyone that gambles is betting with money that may be needed in the future, which is the same as borrowing to bet. No one knows if someday they will be totally busted.

Fingal
07-29-2013, 11:01 AM
Hell no. Scared money doesn't win.

thespaah
07-29-2013, 11:51 AM
and that will follow her around for the rest of her life .
My feeling is the thrill of the sport is gone if you are going over
your head and out of control .
hell I knew a couple of tellers, one at Meadowlands and one at NYRA who told me their method of 'betting out of the drawer'...I was astonished.
I asked the NYRA guy who I got to know pretty well, how he could take that kind of risk and not be a nervous wreck. He said he only made bets on tips from owners and trainers.

thespaah
07-29-2013, 11:55 AM
The way I look at it, everyone that gambles is betting with money that may be needed in the future, which is the same as borrowing to bet. No one knows if someday they will be totally busted.
I am not a professional horse player. Therefore my gambling/wagering is for entertainment purposes. I treat wagering like any other disposable income.

PaceAdvantage
07-29-2013, 11:58 AM
And to think how close I came to banning Whiff when he first started posting here...would have been the biggest mistake I have made here in the entire 14 years of this place's existence...come to think of it, SATURDAY was this website's birthday!!! How appropriate... :lol: :lol:

thespaah
07-29-2013, 12:08 PM
Yes it's show time :lol: :lol: :lol:

Did I ever bet with money I didn't have? That answer is yes....BUT there are different types of betting with money you don't have.....betting wit the book borrowing to go to the casino borrowing in the middle of card game....having money for the bills but looking to gamble it etc etc etc....

Here are some of my favorite stories from when I was out of control....please note that I never stole money to gamble or even though of it.....working in a casino I have to have the highest integrity to work there....but anyways who wants to hear disclaimers you guys wanna hear stories....

In 2000 or so there was a lot of bowling action in 2 places in new York....ball park lanes and bowling on the green in staten island....guys would beg me to bowl these guys and wanted to back me.....at 19 I had the heart of a lion...looked to take people's teeth out.....these guys wanted me to go there and lose one nite and go back the next week and beat them when the big money was on the line........well that day before bowling I got chopped up at the meadowlands the action was at 1am at the bowling alley.....

Now I averaged about 220.....got recruited to wichita st but had no desire to be away from my father.....so these 3 guys are giving me the speech about not shooting big games.....I'm saying f*** that I'm looking to take it out in wheelbarrels tonight.....there betting 700 a game....I shoot 175....lose by 7...I shoot 192....lose by 7.......shoot 200....lose....then I win a game and lose a game....bottom line is they beat my guys for about 1200 after 8 games....

Now cus I'm young and reckless the guys I went with had it set up that we were gonna go back 4 days later.......well I got my own ideas...I don't need any help I'll just go Bury these guys the next night with me and my friend.....so again were bowling at ball park lanes 32 feet away from the house that Ruth built.....again I lose 350 of my 500 at the big m before I walk into the lanes....

Before we start bowling I'm playing some guy in gin....bottom line he breaks me...now it's show time....if anybody has never been to this bowling alley let me paint a picture....it's a regular bowling alley with a showcase pair basically 4 lanes all by themselves in the other part of the place....by far the coolest setup I've ever seen.....

I manage to get $200 off my friend.....now I'm going in guns blazing tonight gonna sweep the floor and get out if there with all the cookies.....I shoot 268 the first game and then 245..the next game I'm up 600 and I can't miss tonight....these are big guys I was dealing with....if they didn't want to pay me they I couldn't do anything about it.......the guy goes I wanna bowl you for 1500 this game......I say put the f***** money up.......the guys goes to his friends and musters up the money.....(never saw so many $10 bills in my life).......

Now late at night they got a cop sitting by where we were bowling cuz they had a lot of people there for that cosmic bowling bs.......so in a scene out of kingpin these guy doubles in the tenth to make me need 2 strikes to win but I got a baaaaaaaaaaad feeling.....I know I'm not gonna do it....all I'm thinking about in how will I get out of this situation.....I throw the first strike....I'm looking around I see a fire extinguisher on the wall.....right next to the approach....I know if I don't strike I got headaches a bottle of advil won't cure but I got a idea ...I get up throw the shot perfect I leave a stone 10 pin....I yell mother f**** I grab the fire extinguisher smash the ball return with it pieces fly all over the place the cop comes flying over laughing his balls off puts the cuffs on me and brings me outside..... at this point the guys that beat me are in disbelief I tell the cop can you bring the owner outside....sure enough 2 min later the owner walks out and says ya know kid I gotta hand it to you that was some shot you threw....I pay the owner $300 for the ball return (it was just plastic) the cop says your free to go I left my bag and balls inside and my friend and I just bounced.....and I walked out the door plus 300....the story does it no justice you had to see the plastic shatter


Sure I can tell you guys about the shots I took with the book but it doesn't match that bowling story.....my only out there was to shatter the ball return...And get cuffed by police.....all because I was betting money I didn't have :lol: :lol: :lol: :lol: :lol:
You are certifiable. Or were.
Pretty smart looking around for an escape route. Assuming the smashed ball return and the presence of the cop being the perfect diversion.
Needless to say you were out a bunch of bowling equipment.
But that beats broken bones.
I am a pretty good kegler myself. I have had opportunities to bowl for money, but always turned it down because the guys that ran the pots were hustlers. And even if they lost, they didn't lose. They didn't like to pay.
The guys that I knew that beat them, were never asked to bowl the pots again.
I have a hard and fast rule. In bowling and billiards, never bet. Everyone that does is a hustler or a crook.

Johnny V
07-29-2013, 12:21 PM
Only once. I was very young and a friend of mine and myself were on a road trip and we found ourself in Charleston SC pretty much out of money. He was very good pool player (I was just average) so we played for money in this pretty rough area full of bars near a naval base. He bought some play money and put it inside some real dollars and it looked like a pretty big roll. I was nervous as hell but he was cool as a cucumber in the several bars we played in. One was this bar run by a biker gang that was just full of characters. Anyway, long story short, he made enough money and we luckily made it out of there without getting caught and continued on. We had a very good laugh about it and talked about that one for years but I never wanted to go through that again.

johnhannibalsmith
07-29-2013, 12:40 PM
When I was just a teen I borrowed more than I should have to put up on a friend playing pool later that night in what had developed into a pretty heated rivalry.

Problem was, this rivalry had almost gotten nasty a few times already and my buddy wasn't afraid to roll around if he had to, but he usually needed a lot of liquid courage to get there. Well, he came expecting something I guess, because he was beyond trashed when they started playing. He actually held his own pretty well for barely being able to stand, but ultimately cost me the borrowed money, and I have little doubt that if he was just a little less drunk or if the game had been friendlier, we'd have made out well.

I learned three or four or five pretty useful lessons that evening by the time we finally got out of there and of them I can say that I won't borrow and haven't borrowed to gamble. I've probably bet using money that I shouldn't have, but won't actually take a dollar from someone else to make any kind of bet.

proximity
07-29-2013, 07:47 PM
And to think how close I came to banning Whiff when he first started posting here...would have been the biggest mistake I have made here in the entire 14 years of this place's existence...come to think of it, SATURDAY was this website's birthday!!! How appropriate... :lol: :lol:

got a chance to meet him briefly last month at revel in atlantic city.

real good guy who seemed to take a lot of pride in his work and expressed to me how much he likes the p.a. forum compared to other gambling forums. :ThmbUp:

lamboguy
07-29-2013, 07:50 PM
he is a super guy, i wish i met him at the Haskell.

Dave Schwartz
07-29-2013, 10:00 PM
Okay, Wiff. You got me with that story!

LOL - That was very entertaining! Thanks.

It reminds me of the world I lived in when I was growing up in Miami. Boy, the stories from the pool rooms, bowling alleys and horse/dog tracks. (BTW, I have never actually been to a dog track.)

Must agree with PA - you are a great addition.

As for "highest integrity" in the casino... boy, that must have changed! I worked in a casino once where on swing shift one dealer in three was in business for themselves.

Of course, if that means "never arrested," well, that's different.

Tell us of your dealing history. I'd love to hear about the gaming world of today. Last time I had a dealing j-j-job was 1989.

NJ Stinks
07-29-2013, 11:10 PM
Off course I borrowed money to gamble with. Hell, anybody who took out a marker at a casino is playing with borrowed money. Anyway, here's a few stories from when I was younger and a tad more carefree. (Not WW carefree but still....:) )

When I was in my early 20's I rented a townhouse with a life-long buddy. About a month after we moved in, my buddy lost his job. I paid the rent for about 3 months after that and he was going to pay me back when he got a job. We were OK until my car needed about a grand worth of work. There was no money to pay the rent so we didn't. We waited for an eviction notice that didn't come. The following month we skipped the rent again. Sitting here now I don't remember why we skipped the rent again but I can assure you that we were still playing the horses, playing cards, and betting on sporting events. After about 6 months of wondering how the hell we were ever going to pay the back rent, we got evicted. I moved back home with my parents. A short time later I got a bill in the mail for $850 - my share of the back rent. It said something about taking me to court if it was not paid in full ASAP.

My parents bailed me out. I paid my folks back a couple hundred dollars and my father said something like: "You can repay the rest by not being a dope." I almost succeeded....

Second story is staightforward. I bet $1,500 I didn't have on the Miami Dolphins in the 1983 Super Bowl vs. the Redskins. The line was something like Miami -3.5 or 3 and I had about $500 on the Dolphins. Then on gameday my bookie dropped the line to 2.5. I jumped on it.

When the Skins won by 10 I went to Household Finance and borrowed at least a grand at 21%. I paid it back in full a month later using my tax refund.

Thinking back, like most of us, I was lucky enough to survive a lot of stupidity.

Doesn't necessarily make me a bad guy. ;)

wiffleball whizz
07-30-2013, 12:04 AM
Okay, Wiff. You got me with that story!

LOL - That was very entertaining! Thanks.

It reminds me of the world I lived in when I was growing up in Miami. Boy, the stories from the pool rooms, bowling alleys and horse/dog tracks. (BTW, I have never actually been to a dog track.)

Must agree with PA - you are a great addition.

As for "highest integrity" in the casino... boy, that must have changed! I worked in a casino once where on swing shift one dealer in three was in business for themselves.

Of course, if that means "never arrested," well, that's different.

Tell us of your dealing history. I'd love to hear about the gaming world of today. Last time I had a dealing j-j-job was 1989.

Dave your in a better place not being in the casino industry......!!!!!

wiffleball whizz
07-30-2013, 03:05 AM
Guys it's embarrassing some of my stories.....before I gotta go sept 8 2005 I actually took control back of my life it was on a downward spiral on the fast track to dead ends ville.......here's where it turned around from reckless to responsible Witt reckless principles.,,.

Sept 8 2005 I got 600 on me my car payment is 484....well I'm behind and there's no light at end of the tunnel....take the 600 to casino run 600 up to 1700 playing cards......can easily pay the car but I don't wanna go for the money,.....make a long story short the 1700 evaporates into $64 and I'm sick

Saturday nite it's desperation time....I was dealing with 2 books at the time with the Internet site.....I bet 2000 on Texas against Ohio st....halftime no good....

Ring ring ring......knock knock knock IT'S THE REPO GUYS.....they say we're here to take the car I tell them hold on a second I gotta do something....I bet another 2000 in 2 spots on Texas in the second half........as the repo guys are at my door......I could care less all I was worried about was the game....

Vince young and the hookem horns come steaming rolling back....my life was literally all in at this point no car no money and the second half of my life.....the horns win the game 25-22.....in all fairness I had to google thd game to get exact dates!!!

So the car is hooked away it is starting to hit home what a loser in life I am....later on the next morning my father comes home and asks me where my car is......I tell him and all my friends that my engine blew out....my father goes ok well go get you a new car tnrw......first time in my life I ever lied to him.....2 hours later I tell him what happened........he laughed...told me I was the biggest idiot for paying 484 a month for a 2000 mercury cougar..,..took me out and bought me a brand new trail blazer............felt like the weight of the world was off mt shoulders and after that 2nd half and the repo man came knocking I got a wake up call I'll never forget.....sure I still gamble but I pay the bills first....or at least up until hurricane sandy buried me financially but I managed to get by....it wasn't pretty......

As for the 8000 I won on the Texas game threw my father 2000 I had 6k to start my life over.....ive been coasting ever since.....

I know the stories I tell on paper make me look like a lost cause but in 8 years I really got it together.....but I still love the action...and I'll never have to worry about the repo man.......From the time I turned 25 till now i take great pride in being a winning gambler.....but let's not kid anybody here just cuz I can book win betting harness Horse racing owns me for my life but I'm getting close to being up for my life :lol: :lol: :lol: :lol:

I really love you guys telling the stories of losing rent money and taking shots with the case cash.....when you bet with your case cash that's when you know how good you really are!!!!

pandy
07-30-2013, 07:36 AM
Like millions of others, I used to bet the stock market using a "margin" account, which is borrowed money. Anyone who has done this knows how bad it feels when you get the dreaded "margin call" and you have to pay up.

Grits
07-30-2013, 08:40 AM
"Guys it's embarrassing some of my stories....."

Here I am again, next morning, 24 hours later. ROFLOL :lol:

WhiffleBee, I couldn't even get past the first sentence without laughing and SMH.

lamboguy
07-30-2013, 09:37 AM
Like millions of others, I used to bet the stock market using a "margin" account, which is borrowed money. Anyone who has done this knows how bad it feels when you get the dreaded "margin call" and you have to pay up.my first account was a margin account. i had just won a bunch of money in the race books in Nevada and i put it all in the stock market, the first stock i ever bought was a company called Telex. the ceo owned hai alai fronton's. the stock was $20 a share and i bought 2000 shares. 3 days after i bought the stock it went up to $30. i held on. 3 weeks later the stock was trading at $29 and got haulted . it turns out the CEO was murdered. the stock re-opens 4 days later at $9 per share and i got wiped out! 2 weeks later the stock trades back to $17 but i am already out. i was sick, it took me about 7 months to get that bankroll together grinding away in the dessert, and i blew up in less than a month on something i had no clue about.

i learned a good lesson. to this day i learned about risk management from that deal, i apply it to horse race betting. there have been plenty of times that i have had horses to bet in places like Saratoga on big stake days with plenty of money in the pools where the horse is going off at 8-1 or more and know the horse should be even money, and i don't bet more than may regular bet on a horse like that. you can't let greed get in your way.
anytime you overbet anything you become a gambler, and gambler's all lose

tonypp
07-30-2013, 09:39 AM
yes I owe the outfit 90000.Had to move to the sticks.The story is unreal.

precocity
07-30-2013, 09:50 AM
yes I owe the outfit 90000.Had to move to the sticks.The story is unreal.

hope your kidding :rolleyes:

TheEdge07
07-30-2013, 11:10 AM
yes I owe the outfit 90000.Had to move to the sticks.The story is unreal.

Tony we have he time to hear it.

precocity
07-30-2013, 11:22 AM
Tony we have he time to hear it.
guess tony lived in chi-town for a while.

wiffleball whizz
07-30-2013, 11:34 AM
If I have to fill out a job application I hope they don't ask this question

1. Have you ever stiffed a bookmaker in your life?

[X] yes
[ ] no

If answered yes to question 1 was it more then 1

[X] yes
[ ] no

iceknight
07-30-2013, 11:34 AM
a margin account. in the stock market, ..... you can't let greed get in your way.
anytime you overbet anything you become a gambler, and gambler's all lose Word. yes, I have not bet anything on horses that I don't have, but I learnt my lesson with margin accounts during the 2008-9 financial crisis. I think I lost 11k in that. Took me two years to get it back...but at some point of time, I moved on from the concept of trying "get back losses".

But, any wagering I do is always with money I have in hand.

wiffleball whizz
07-30-2013, 11:35 AM
People should start telling there horror stories...I'm telling repo stories over here....if I were to walk in the PA tent at the spa I'd be embarrassed :lol: :lol: :lol:

precocity
07-30-2013, 11:43 AM
People should start telling there horror stories...I'm telling repo stories over here....if I were to walk in the PA tent at the spa I'd be embarrassed :lol: :lol: :lol:
:D someone I knew back in 2003 took out a payday loan to gamble :liar: :(

lamboguy
07-30-2013, 11:58 AM
one of my greatest stories was when i was betting on baseball in 1981. i was betting with a big wiseguy from Harlem that is dead now so i can give you his name, FAT TONY SALERNO. i had credit and never had a problem, my bets were all going back and forth with him.

i made a very large bet on the Dodgers in 1981 world series as a $150 underdog. the Dodgers had a 3-2 coming back to New York. i am going to game 6 with a baseball handicapper named HARVEY ONE EYE. the bionic arm is on the mound for the Yankees and he was unbeatable. i call the fat guy up and bet on Tommy John laying $185-$100. we go to the game and after 2 hours they call it for rain. the game is postponed to the next afternoon. i call up Fat Tony and ask him for the price of the game, he said sorry SNOW WHITE (my code name) the Yankees are now -$210-$100. i thought for about 6 seconds and i said give me ROOTIN TOOTIN BURT HOOTEN for 50 pieces. i figured i couldn't pay the original bet to begin with and Tony could only kill me once. i went back to the baseball handicapper HARVEY ONE EYE and told him what i did. he said are your crazy? how do you beat the bionic arm. we go to the game and the Yankees jump out to a 2-0 lead in the second and poor Harvey is shucking his tongue. 2 or 3 innings later the Dodgers put up a 6 spot and go on to win 10-2. we went out that night and drank some nice champagne.

precocity
07-30-2013, 12:05 PM
dam lambo wasn't he the boss of the Genovese one of the 5 families in NY. I know my mafia history.

lamboguy
07-30-2013, 12:08 PM
dam lambo wasn't he the boss of the Genovese one of the 5 families in NY. I know my mafia history.
yes and he answered the phones by himself.

precocity
07-30-2013, 12:19 PM
yes and he answered the phones by himself.
dam now thats a story!

lamboguy
07-30-2013, 12:21 PM
dam now thats a story!
when you are young you tend to do stupid things!

wiffleball whizz
07-30-2013, 12:43 PM
when you are young you tend to do stupid things!

Love the hardball story.....I too learned if Im not gonna be able to pay I may as well really send it......

What I don't like is betting with the book I lose and actually have the money....usually at that point I pay and send it in even harder with the excuse of "hey I got buried last week" in my back pocket...

My theory is if I'm laying 5.5-5 to the book he better be ready for a story

And believe me I sleep very good at night if I can't afford to pay the book

TheEdge07
07-30-2013, 01:52 PM
Love the hardball story.....I too learned if Im not gonna be able to pay I may as well really send it......

What I don't like is betting with the book I lose and actually have the money....usually at that point I pay and send it in even harder with the excuse of "hey I got buried last week" in my back pocket...

My theory is if I'm laying 5.5-5 to the book he better be ready for a story

And believe me I sleep very good at night if I can't afford to pay the book

Classic..if im not paying i might as well send it...

jahura2
07-30-2013, 03:14 PM
dam lambo wasn't he the boss of the Genovese one of the 5 families in NY. I know my mafia history.

Lambo, I just saw Fat Tony on TV last night. On NatGeo there is a great series on the Mob in America...great story!

wiffleball whizz
07-30-2013, 03:27 PM
Classic..if im not paying i might as well send it...

If you can't pay $600 you may as well go big and not be able to pay $2000.....not that I ever did that or anything I just heard stories :lol: :lol: :lol:

098poi
07-30-2013, 05:20 PM
I have gambled a lot with money I shouldn’t have.

I still owe the Mint $100 from a bounced check in the late 70’s or early 80’s, it was part of my ultimate bankruptcy.

I’ve gotten cash from Out of State check cashing services in Vegas. (20% interest)

I’ve hitchhiked home from Vegas when I lived in L.A. (more than once)

I’ve gotten credit card cash advances at Santa Anita only to lose on the next race.

I remember once a long time ago I was stuck in Vegas and I had a friend wire me some money for a bus ticket. He sent a little extra and I bought a pair of brass souvenir dice at the Tropicana (I think). He picked me up at the bus station in downtown L.A. and started balling me out. I whipped out my dice and said, “Yeah but look what I got!” (I think they cost $7.00) I was serious and he was laughing at me telling me what a loser I was. I think I still have them but I don’t know where they are.

I don’t wager a lot, mostly enjoy the contests. I did wager and hit the Belmont which I posted previously. Even in the contests it is very difficult for me to wait for a race I like. When I get home from work or come back from golf I handicap and play whatever the next race is. Not a good strategy.

Compulsive gambling is very real and among addictions (which I have across the board) it is probably one of the worst. I think the suicide rate is highest among compulsive gamblers.

I have been sober 15 years now as of Sunday, one day after PA’s anniversary but I still love the horse racing. I have been very fortunate and have no complaints. Life is good.

lamboguy
07-30-2013, 05:41 PM
I have gambled a lot with money I shouldn’t have.

I still owe the Mint $100 from a bounced check in the late 70’s or early 80’s, it was part of my ultimate bankruptcy.

I’ve gotten cash from Out of State check cashing services in Vegas. (20% interest)

I’ve hitchhiked home from Vegas when I lived in L.A. (more than once)

I’ve gotten credit card cash advances at Santa Anita only to lose on the next race.

I remember once a long time ago I was stuck in Vegas and I had a friend wire me some money for a bus ticket. He sent a little extra and I bought a pair of brass souvenir dice at the Tropicana (I think). He picked me up at the bus station in downtown L.A. and started balling me out. I whipped out my dice and said, “Yeah but look what I got!” (I think they cost $7.00) I was serious and he was laughing at me telling me what a loser I was. I think I still have them but I don’t know where they are.

I don’t wager a lot, mostly enjoy the contests. I did wager and hit the Belmont which I posted previously. Even in the contests it is very difficult for me to wait for a race I like. When I get home from work or come back from golf I handicap and play whatever the next race is. Not a good strategy.

Compulsive gambling is very real and among addictions (which I have across the board) it is probably one of the worst. I think the suicide rate is highest among compulsive gamblers.

I have been sober 15 years now as of Sunday, one day after PA’s anniversary but I still love the horse racing. I have been very fortunate and have no complaints. Life is good.
i once went to Vegas in a $25,000 Cadilac and came home in a $250,000 motor coach

Longshot6977
07-30-2013, 05:43 PM
dam lambo wasn't he the boss of the Genovese one of the 5 families in NY. I know my mafia history.

Pretty sure Fat Tony on the Simpsons was modeled after Fat Tony Salerno. And Fat Tony's boss was ....(scratching my chin like the old days)....Vinnie The Chin Gigante who I grew up with his kids in my neighborhood and school. Ahh, nothing beats North Jersey, LOL. Many stories to tell if I wanted, but I won't dare. :)

usedtolovetvg
07-30-2013, 06:09 PM
I knew an OTB manager that bet with the houses money. It did not end up well for her.

One of the jobs I had when I was going to University was that of a mutuels clerk, selling mostly a $6 combine ticket, way before the age of bet/cash machines. We got paid in cash. If you reached into the box during the week to feed your habit, they would deduct that amount from your pay. Needless to say, payday was hilarious as a lot of the tellers had little more than change in the envelope.

TheEdge07
07-30-2013, 06:28 PM
I have gambled a lot with money I shouldn’t have.

I still owe the Mint $100 from a bounced check in the late 70’s or early 80’s, it was part of my ultimate bankruptcy.

I’ve gotten cash from Out of State check cashing services in Vegas. (20% interest)

I’ve hitchhiked home from Vegas when I lived in L.A. (more than once)

I’ve gotten credit card cash advances at Santa Anita only to lose on the next race.

I remember once a long time ago I was stuck in Vegas and I had a friend wire me some money for a bus ticket. He sent a little extra and I bought a pair of brass souvenir dice at the Tropicana (I think). He picked me up at the bus station in downtown L.A. and started balling me out. I whipped out my dice and said, “Yeah but look what I got!” (I think they cost $7.00) I was serious and he was laughing at me telling me what a loser I was. I think I still have them but I don’t know where they are.

I don’t wager a lot, mostly enjoy the contests. I did wager and hit the Belmont which I posted previously. Even in the contests it is very difficult for me to wait for a race I like. When I get home from work or come back from golf I handicap and play whatever the next race is. Not a good strategy.

Compulsive gambling is very real and among addictions (which I have across the board) it is probably one of the worst. I think the suicide rate is highest among compulsive gamblers.

I have been sober 15 years now as of Sunday, one day after PA’s anniversary but I still love the horse racing. I have been very fortunate and have no complaints. Life is good.

Wait..You hitchiked from Vegas to L.A. more then once?WOW!

098poi
07-30-2013, 07:00 PM
Wait..You hitchiked from Vegas to L.A. more then once?WOW!

After cashing my plane ticket in, Western airlines I think, probably about $40 and losing that. Many people drive from L.A. to Vegas so most are heading back on Sunday. It's not like hitching from Vegas to Chicago, or Houston or something.

Hoofless_Wonder
07-31-2013, 12:15 PM
Yes, yes I have.

Working as an independent contractor (1099) in Lexington in the late 1990s, it was only 10 minutes to run out to Keeneland for "lunch". At the end of the year, I was a little short on my taxes, not having made quarterly payments in 9 months. Worked out an installment plan with the nice folks at the IRS. :)

Almost got stuck in Vegas once, back in the late 1980s. Had made a road trip out west looking for work, and spent a night at the Maxim. Had $40 in my pocket to get back to Illinois. Made a "cash call" for $200 on my credit card, which had a $1500 limit and about $800 in charges on it. The voice said go the cashier. Dropped $40 at the craps table in between the telephone and the cashier's desk. Get to the cashier, and the lady says, "I'm sorry sir, your cash advance has been declined."

Hmmmm. No ATMs back then. Called the credit card company, and am informed that two recent $375 charges on my card have me at my limit. Fortunately, the Maxim had a "one time, get outta town" check cashing policy for $100. For some unknown reason, I had my checkbook with me, so flush with cash I drove from Vegas back to Peoria in one shot.

Come to find out some rat bastard who worked at a boiler-room sports service had charged for baseball picks out of some company in Independence, KS. Got the $750 charges reversed. He got my credit card info 7 months earlier when a buddy wanted to get their "guaranteed" picks. Cost us $150 for three NFL picks that went 0-3, and the guarantee allowed us to get their three NFL picks the following week - which went 1-2....have never used a sports service since, and continue to razz my buddy about that..... :bang:

Dave Schwartz
07-31-2013, 02:34 PM
I think a great parallel thread to this would be "Gambling Hits that Bailed You Out" or something like that.

The closest I come to this thread would be when, as a very young guy, I went to Freeport (Bahamas) for a night of gambling. I was dressed the part, in a 3-piece suit (from my day job).

They called it a "junket," and you'd fly over on this aging rattle-trap DC-3, for $38, which included air travel both ways and $20 of casino chips. It did not include the $3 "departure tax" when you leave Miami or the airport in the Bahamas.

I went with $200 in my pocket for gambling purposes. By 11pm my bankroll was around $4,500 and I had no intention of making the flight home (which I think was just after midnight). Got a room for the night comped and played on.

By 6am I was broke. Called my Dad in Miami and he bought me an Eastern Airlines ticket home which I could pick up at the airport. I stood outside the hotel and begged a ride from someone who was taxiing to the airport.

Once at the airport, I realized that I did not have the $3 departure tax! So, here I am, in my over-dressed (at 8:30am) 3-piece suit trying to beg bystanders for $3 so I could get on the plane.

I could have been Tom Hanks.

BlueShoe
07-31-2013, 03:10 PM
Getting cash advances with a credit card in order to gamble is, also, a bad situation most of the time.
Other than this one, no, with a few minor exceptions. Back in the 70's, when credit cards were new to me, making pretty good money at my job, and the booze was flowing freely, the cash advance at the track thing did happen more often than it should have. Never did get into real trouble over it, the bills and rent were payed on time, and the credit card advance was payed off, but there were some periods when I did rather overdue it. Once, while enduring a horrible Santa Anita meeting, I patronized the cash advance window so often that the attractive young woman staffing it and myself knew each other on a first name basis. :blush: :( :D

PoloUK6108
07-31-2013, 04:27 PM
Reading this thread has both entertained me, and helped me feel better about myself after learning about some of the tight spots you guys have been in! God is good. :D

NJ Stinks
07-31-2013, 05:12 PM
i once went to Vegas in a $25,000 Cadilac and came home in a $250,000 motor coach

Good one, Lambo! :D

thaskalos
07-31-2013, 06:10 PM
I was on a plane flying back from Vegas about a decade ago...and we encountered the worst kind of air turbulence that I have ever seen in my life. The passengers were actually panicking...and the stewardesses were running up and down the aisle trying to calm them down.

All of a sudden...one of the passengers -- a short, Italian-looking, middle-aged man...with a mustache and wearing a bright red suit -- stands up in the aisle and yells out with out-stretched arms:

"Folks...believe me, you have nothing to worry about. I just signed $50,000-worth of markers at Ceasars Palace...and knowing my luck, there is no way this plane is going down."

True story...

lamboguy
07-31-2013, 06:35 PM
i got a few airline stories with the same guy both times.

the first time i am traveling with Jimmy the Greek Snyder to Los Angeles, he was still working for CBS and they were doing the super bowl that year.

we land in LAX, he offers me 2-1 that the first cab driver we find is a Rusiian. i bet him $100 and we go to the cab, i look at the badge, sure enough the guys name was Uri Karanakov.

the second time we were in the Miami airport and the plane that we are taking back to New York has not arrived at the gate. we are told that the plane left 2 hours late and it would be at least that long before we could board.

there is a third guy in our party, he went by the name "Coach". the Greek says what are we going to do? Coach says how about we play some closest to the wall with quarters and we can play for $50 a roll. they asked me if i wanted to play, i said yes, then the greek says only under 1 condition. i had to pick up the quarters after every throw. those guys were at least 30 years older than me. i said ok. after about an hour i am ahead about $1200, but my back is killing me from picking up the quarter's. 2 hours go by and i am still ahead about $800. i said oh beautiful, the plane should be here any minute and i got both of these suckers money! the girl from the airline came on the loudspeaker and said there would be a further delay of at least an hour. i wanted to take a break from pitching those quarters, and they wouldn't let me. i went on to blow back the $800 i was ahead and another $1500 after that!

God bless the Greek, he always took me to the cleaners no matter what we did.

Stillriledup
07-31-2013, 07:01 PM
i got a few airline stories with the same guy both times.

the first time i am traveling with Jimmy the Greek Snyder to Los Angeles, he was still working for CBS and they were doing the super bowl that year.

we land in LAX, he offers me 2-1 that the first cab driver we find is a Rusiian. i bet him $100 and we go to the cab, i look at the badge, sure enough the guys name was Uri Karanakov.

the second time we were in the Miami airport and the plane that we are taking back to New York has not arrived at the gate. we are told that the plane left 2 hours late and it would be at least that long before we could board.

there is a third guy in our party, he went by the name "Coach". the Greek says what are we going to do? Coach says how about we play some closest to the wall with quarters and we can play for $50 a roll. they asked me if i wanted to play, i said yes, then the greek says only under 1 condition. i had to pick up the quarters after every throw. those guys were at least 30 years older than me. i said ok. after about an hour i am ahead about $1200, but my back is killing me from picking up the quarter's. 2 hours go by and i am still ahead about $800. i said oh beautiful, the plane should be here any minute and i got both of these suckers money! the girl from the airline came on the loudspeaker and said there would be a further delay of at least an hour. i wanted to take a break from pitching those quarters, and they wouldn't let me. i went on to blow back the $800 i was ahead and another $1500 after that!

God bless the Greek, he always took me to the cleaners no matter what we did.

Coach D Wayne? :D

lamboguy
07-31-2013, 09:22 PM
Coach D Wayne? :Da different coach a guy from Boston that loved the action.

Grits
08-05-2013, 08:43 AM
Yesterday's finale. A friend tapped after walking in with 2K. He liked the 7. Another friend liked the 4. I liked the 1. He kept on, convinced about the 7. I added the 9. Wheeling it on top, boxing it--exactas, tris, supers, etc.

"G, loan me $200 until tomorrow. I'll make us $1100, at least." I smiled. He winked.

"I'm fine, I don't need $1100. I'm up". (As was our friend.)

They ran: 1-4-7-9. Winner paid $9.

Incredulous -- "G, look what you lost, not giving me $200 for that race!!"

Southernese -- "Honey, one thing I haven't lost? My mind. I don't loan money to broke horseplayers, banking on tomorrow. If you died tonight, I'd be out $200.

Men, so silly.... Thinking that handsome smile's gonna get you, "how much you need, sweetheart?" :lol:

raybo
08-05-2013, 08:47 AM
Borrowed
Money to pay the bills
Vacation savings
Tution
Lied
Paycheck
Wife's money


Absolutely not!

Capper Al
08-05-2013, 08:55 AM
Every bet I make is made with money that I don't have.

Grits
08-05-2013, 09:49 AM
Absolutely not!

Agree. And any woman in a relationship with such a man should leave him. Quickly. He hasn't any knowledge or respect for the term--wife or partner. :(

sammy the sage
08-05-2013, 10:34 AM
Agree. And any woman in a relationship with such a man should leave him. Quickly. He hasn't any knowledge or respect for the term--wife or partner. :(

Hey...can I borrow a 'dime'...seeing as we're NOT in a relationship?


:p ;) :D


I promise C.R. reserve on the back end!

Grits
08-05-2013, 11:47 AM
No, hush. I can buy my own bottles of C R Reserve. :lol:

wiffleball whizz
08-05-2013, 01:41 PM
Agree. And any woman in a relationship with such a man should leave him. Quickly. He hasn't any knowledge or respect for the term--wife or partner. :(

Sometimes when u don't have money u gotta get with what you don't have!!!

In fact I'm gonna try later on tonight to bet with money I don't have in the Racebook let me see how I make out with that

Hoofless_Wonder
08-05-2013, 04:31 PM
Men, so silly.... Thinking that handsome smile's gonna get you, "how much you need, sweetheart?" :lol:

Yeah. Never see women try to use a smile and wink to get anything.... :kiss:

Some people can be very funny about money, and borrowing money at the track can be harder than getting a loan at the bank. I used to live by the adage of never loaning out money I couldn't afford to lose, and got tapped by a couple of cab drivers I knew at Fairmount all the time. One guy would borrow $20 almost every night, pay me back before the first race the next night, and then borrow it back again between the 2nd and 5th races - he rarely lasted into the second half of the card, and would be back out driving his cab to "re-earn" the night's rental fee for the vehicle.

Rethought that whole arrangement one night when I got to the track late and just after the first race, and almost got stampeded by the crowd of tapped out folks leaving....

Now that I think about it, my old bookie there at Fairmount still owes me a dime for the 1990 NFL playoffs. :(

lamboguy
08-05-2013, 04:39 PM
the regulars at the track always tried to borrow money. if i was friendly with a guy and he tried to borrow from me say $50. i used to tell him here is $10 and you don't owe me anything. no one would ever pay the $50 back, and giving away the $10 makes you feel like you just earned $40.

racingfan378
08-06-2013, 12:41 PM
I think that's why we see less and less people at the OTBs (even some tracks) anymore

We can sit at home, bet in our boxers, not paying insane food and drink prices, worry about bums looking for a handout or if you left your wallet in the bathroom, tellers looking for a tip, rude service and the list goes on

I love to go out to the actual track but there are those times where I just don't want to face the crap that comes with it. This is where management needs to fix the issues by running those people off the property

I can sit at home, spread everything out, not worry about gas prices, see what will pays are coming up and that list goes on as well. At one point I would travel all over to go see a track, not anymore

DeltaLover
08-06-2013, 12:58 PM
I think that's why we see less and less people at the OTBs (even some tracks) anymore

We can sit at home, bet in our boxers, not paying insane food and drink prices, worry about bums looking for a handout or if you left your wallet in the bathroom, tellers looking for a tip, rude service and the list goes on

I love to go out to the actual track but there are those times where I just don't want to face the crap that comes with it. This is where management needs to fix the issues by running those people off the property

I can sit at home, spread everything out, not worry about gas prices, see what will pays are coming up and that list goes on as well. At one point I would travel all over to go see a track, not anymore


Years ago, I have tried to bet from home. After a couple of days I decided that this was not for me.

I guess my preference of going to the track has not only to do with its atmosphere and my friends that I meet regularly over there but with the fact that a potential win is immediately translated to hard cash that I can touch and smell immediately after the result is official.

precocity
08-06-2013, 01:08 PM
I remember when I used to go to lone star having a good time got a seat in the simulcast section and grown azz men that I have never ever seen in my life would ask me for money???? so I came up with a line, I would listen to their line then say you see that big glass door? you need to hit it!

Longshot6977
08-07-2013, 09:59 AM
I think that's why we see less and less people at the OTBs (even some tracks) anymore

We can sit at home, bet in our boxers, not paying insane food and drink prices, worry about bums looking for a handout or if you left your wallet in the bathroom, tellers looking for a tip, rude service and the list goes on

I love to go out to the actual track but there are those times where I just don't want to face the crap that comes with it. This is where management needs to fix the issues by running those people off the property

I can sit at home, spread everything out, not worry about gas prices, see what will pays are coming up and that list goes on as well. At one point I would travel all over to go see a track, not anymore

:ThmbUp: Nothing to disagree with here. Plus you don't have to worry about a last minute scratch causing a refund on a voucher you may have mistakenly tossed or left on the table where a stooper scavenges your tickets.