Great article about Dutrow and "Real" Gamblers

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[FONT=Georgia, Times New Roman, Times, serif]DIRECT FROM NEVADA[/FONT][FONT=Georgia, Times New Roman, Times, serif][/FONT][FONT=Georgia, Times New Roman, Times, serif]
WITH NICK BOGDANOVICH
[/FONT]
[FONT=Georgia, Times New Roman, Times, serif]RICK DUTROW "TALKED THE TALK" OF THE GAMBLING LIFESTYLE[/FONT]
[FONT=Georgia, Times New Roman, Times, serif]It was funny hearing the mainstream media talk about Big Brown trainer Rick Dutrow over the past few weeks. It's like they had never met a gambler in their lives![/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Even ESPN, the network that has made the World Series of Poker regular prime time viewing, said this about Dutrow in a website article late Saturday after the Belmont had ended: [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]"How now does it feel to be the freshly humbled fool of thoroughbred racing, after your waltz to the Triple Crown turned into a disaster, a last-place finish, a Brownout? How now do you justify all the obnoxious bragging about your horse, Big Brown? How now do you possibly answer for having flagrantly disrespected the difficulty of the task before you?[/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Couldn't any of those questions been asked of say, Phil Hellmuth when he got knocked out of the World Series Main Event each of the past few seasons? Or Mike Matusow? Or all the guys from the Scott Fischman era a couple of years ago who have fallen off the map? The gambling world is FULL of people who act like Rick Dutrow, talk like Rick Dutrow, win big events like Rick Dutrow, and suffering glaring losses like Rick Dutrow.[/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Yes, this was a bigger stage than you usually see for poker or sports gambling. It happened on a regular TV network instead of cable. But...having spent years here in Nevada, this is something we see every week. A gambler talks big, suggests victory is imminent and inevitable, then loses. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Is it fair to call Dutrow a gambler? He came from the investment world didn't he? Without going into too many details about his background, anybody with a connection to Wall Street is involved in "legal" gambling. That's the nature of the investment world. Dutrow is involved in horse racing, a sport that's been connected with gambling for more than a century. Owners and trainers thrive or fail based on how their horses perform. Talk about the ultimate gamble. If Dutrow never bet on a race in his life, he was a gambler because his well being was so heavily invested in this horse.[/FONT]
[FONT=Georgia, Times New Roman, Times, serif]And, that's how he acted. It only stuck out to the East Coast media because they don't cover poker...and because most of the "money" in the horse racing industry knows how to do proper public relations. They act like gentlemen in front of the microphones and cameras, then talk trash behind the scenes. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]In fact, you see that in a lot of sports. Who was the most famous trash-talker on the court in all of basketball? Michael Jordan. He did it quietly and subtly during games. But, he was constantly telling opponents what he was going to do to them before he did it. And, um, he became fairly well known for his enjoyment of gambling after retiring, didn't he? [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Dutrow wanted to be like Mike in terms of the fame and fortune, even if he didn't notice the subtlety factor. And, if Big Brown had won the Triple Crown, Dutrown probably would have lived like Mike the rest of his life. He wouldn't have put his reputation on the line any more...and would have spent the rest of his years basking in the glow of the Triple Crown he guaranteed. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Instead, he's now seen as a loudmouth who disrespected the sport, the fans, and the media. That's a bit unfair. He was just talking the talk of gamblers. He never learned the subtleties of pretending not to be a gambler when talking in a public forum. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Should YOU consider acting like this if you want to be a "real" gambler? Let me tell you a few things I've learned up close and personal during my time in Las Vegas and Reno.[/FONT]
  • [FONT=Georgia, Times New Roman, Times, serif]Most gamblers are losers. That's a fact. A few win. The vast majority lose. If you want to "walk the walk" and "talk the talk," you'll be mimicking losers not winners. Michael Jordan was surely a winner at basketball. A true champion in every sense of the word. He wasn't a winner at blackjack.

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  • [FONT=Georgia, Times New Roman, Times, serif]Most gamblers are miserable. They're not happy when they win because it's never enough. They're not happy when they lose because they're not winning. They're not happy in life because they can't sustain relationships or act responsibly in times of trouble. The big talk you hear from a certain type of gambler is a poor attempt to mask insecurity.

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  • [FONT=Georgia, Times New Roman, Times, serif]Most gamblers fail because they greatly overestimate their own abilities, and greatly underestimate the challenge in front of them. That final sentenced from the ESPN blurb above was definitely true. Dutrow didn't suggest he had any understanding of the difficulty for a horse running three big races in five weeks...with a hoof injury...in what were forecast to be hot weather conditions...in the longest race of his life. Dutrow's comments were completely detached from the reality of the situation. We may never know for sure how much of his act was being a "salesman" rather than a trainer. If you work on Wall Street doing what he used to do, you tend to oversell what you're talking about anyway. I'm guessing it was a mix. Many gamblers I know in Nevada are constantly trying to sell themselves in that sense. They talk big to convince you they're winners. But, they also believe their own words far too often. No respect for their opponents (the oddsmakers). No respect for the challenge. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Look, the people who actually win money over the long haul and make a living in Las Vegas are those who do the OPPOSITE of "talking" like a gambler. [/FONT]
  • [FONT=Georgia, Times New Roman, Times, serif]They're quiet, because it's easier to stay under the radar if you're quiet. You don't get barred from casinos or sportsbooks for winning. You don't make yourself a target from better poker players than you. I'm not saying they lack confidence. Winning gamblers are a confident lot. They aren't publicly OVERCONFIDENT. They're publicly humble and privately confident.

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  • [FONT=Georgia, Times New Roman, Times, serif]They're at least stable in terms of having productive relationships. There are a few guys who blow through money at such speeds (both good and bad), that stable relationships just don't work. Many are happily married though, and have put their kids through college with their gambling earnings. This is probably the toughest hurdle for winning gamblers to climb. It's a tough lifestyle. It takes an understanding family to maintain success.

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  • [FONT=Georgia, Times New Roman, Times, serif]They have a respect for the challenge in front of them, and are fairly picky about how they play the game. Winning poker players try to find games with weaker players so they can consistently grind out a profit. Winning sports bettors are fairly disciplined with money management and action. They don't recklessly throw money all over the board and hope for the best.[/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Every so often, somebody who's thought of as a loudmouth does hit a home run. And, there's an occasional prodigy who talks a big game and backs it up. Phil Hellmuth gets a lot of press for his tirades, but the man has won 11 WSOP bracelets! Most imitators haven't won any. A few won a bracelet, but then went broke trying to prove to everyone it wasn't a fluke. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Hellmuth is an exception. As Dutrow proved once again this past weekend, the bigger they talk, the harder they fall. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]I've mentioned many times that my goals with these articles are to get you to think like a sharp, and act like a sharp. I never said anything about TALKING like a sharp! Maybe I should. Be confident, but be aware of the challenge you're undertaking. Beating the line isn't easy. I've spent time on both sides of that fence. If you find yourself bragging to friends, or "guaranteeing" something to somebody at a sports bar or in an internet forum, then you're moving down a losing path. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Sharps win but most "gamblers" lose. Act like a sharp![/FONT]
 

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