Issue 35
May 8 - 14, 2001
Volume 1
page 3
 

Black's Money Spinners -
Fascinating Reading About How Pro Gamblers Operate

By Howard Schwartz

EVERY GAMBLERS FINDS SOME FASCINATION
with how other gamblers find that elusive "edge." Maybe it's a form of professional jealousy; perhaps it's envy; or it could be plain curiosity. But the quest is there along with the question: "How'd he do that?"

Gambler's Book Club has just received a supply of a book called The Money Spinners by Jacques Black (201 pages, paperbound, $13.95). When we first put the book on the store shelves about a year ago, it collected dust, seemingly ignored by the populace. Then a funny thing happened--and it must have been by word-of-mouth advertising. The store was besieged with inquiries about it and the short supply we had dwindled and disappeared.

Like a classic movi, suddenly thrust into a new sort of limelight of attention, The Money Spinners has slowly become the equivalent of a "cult classic." It was originally published in England in 1993. Five years ago it was brought back to life.

Just what does this book contain to create all the fuss?

Maybe it's the variety of subject covered that makes it work. There are five information-packed little sections on roulette. They don't concentrate on how to play, but do reflect on how people have attempted to beat the game, with succinct pieces of advice. Black, (obviously not his real name) says "The guiding principle of this book, and of all successful gambling, is 'respect the odds, and they will respect you.'"

Obviously since roulette is favored by a high percentage of Europeans as the game of choice, Black concentrates on the game. Next he asks the question "The Greatest Roulette Player Ever To Hit Monte Carlo?" and follows with Roulette Scams and the Laws of Probability, a subject that has fascinated gamblers for centuries. He continues with an examination of the game and tries to determine what attracts people to play, and what success noted figures in history have had with it. Mixing history, with literature and the game (which includes the character of "Grandmamma" in Dostoevsky's The Gambler) he demonstrates how people have been obsessed with playing and winning since its invention.

Those interested in systems and what has worked or claimed to have worked for those who have attempted them will find a bonanza of material (D'Alembert, Fibonnaci and Labouchere are included here). There is even a short look at attempts to "clock the wheel" or find a "biased wheel" and what a croupier can do or cannot, in manipulating the ball.

Black next moves to blackjack, where Dr. Ed Thorp, Ken Uston, Arnold Snyder and Peter Griffin and their roles in trying to beat the game and the refinements they added are analyzed. This is not new stuff at times, but in the entertaining way Black presents the material, the reader should not mind at all.

Baccarat is a game people have been in love with for one reason or another for generations. With the demise of the popularity of blackjack for a variety of reasons (including the fact the automatic shuffling machines have put a damper on strategies of dedicated counters), the game seems to have attracted more players than ever. Black looks at the game through the adventures of the late Peter Griffin, who also asked the question: "Can baccarat be beaten?" and too, through the

colorful life of Nico Zographos, who operated a Greek Syndicate along the French Riviera from the 1920s to the 1950s (taking on all comers in a baccarat game without limits). It didn't hurt at all that he had a photographic mind and that he could remember every card dealt from a baccarat shoe of 312 cards while adjusting his playing strategy accordingly.

One chapter examines the famous poker game between Nick the Greek and Johnny Moss more than 40 years ago where a half-million dollars was at stake in five stud. The game was played at Binion's Horseshoe Club in Las Vegas and remains a legendary event in the history of gambling.

For those who like their material technical, Black includes in his book's Appendix, the Mathematical Expectation and Standard Deviation in Roulette; Player Advantage in Casino Blackjack; Mathematical Expectation in Baccarat.

Overall, for what this costs and what it provides, there is value here, for beginners or the experienced player.

This book is available from Gambler's Book Shop, 630 South 11th Street, Las Vegas, NV 89101. You may call 1-800-522-1777 from 9-5 Pacific Time, Monday through Saturday and use MasterCard, VISA or Discover card, or send a check or money order to the store, for $13.95 plus $6.50 for postage. The book will be send the next working day. You may order via internet at www.gamblersbook.com or visit the store when in Las Vegas. The store is located about two miles from Downtown, the since distance from where The Strip begins. The store's new 80-page catalog will be sent to anyone who requests one-it contains 1,000 books, computer software and videos. It is free.

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