The Life of a Gambler: Easy Come, Easy Go

Poker Legends Doyle Brunson and Stu Ungar

Poker Legends Doyle Brunson and Stu Ungar

Las Vegas is a town defined by big gambles, spectacular successes and lost opportunities. A dealer once told me he had taken out a loan on his house to play a progressive slot machine at the Hilton. He and his wife, a cocktail waitress, had worked so hard for years to pay off the mortgage.

He said, “Robert, it has to hit.” It did hit, but it only got them even for the month they played. What if it hadn’t hit? Did he have a back-up plan? Was the long-shot of hitting a jackpot worth the very real risk of losing his home? I had a difficult time understanding his reasoning. Then I realized, there was no logic involved.

In my years of visiting and living in Las Vegas, I have seen how gambling can conquer even those who seem to be in control. The truth is a town like Las Vegas offers so many ways to knock you off your center and provide you with adrenalin rushes 24/7 that few gamblers are able to resist.

This is a perfect example. I remember the first time I ever laid eyes on Stu Ungar. He was walking from the Dune’s poker room with three women to the craps table, and I followed them. Stu bought in for $10,000 and placed his bets.

I watched in amazement as this kid with such a great reputation as a gambler began to shoot the dice. Stu lost it all, except for about $1,500 dollars. I will never forget what happened next. He took the last $1,500 from the tray and said, “This is for the boys,” and pitched the money across the dice table.

My thought was he is not a great gambler but a sucker with no regard for money. It is this “no- regard-for-money” attitude that makes or breaks great gamblers. How many gamblers really master self-control? In gambling, money can lose its value. In that regard, Stu was no different from your average gambler.

Another legendary gambler I have seen in action is Archie Karas, who is famous for turning $50 into $40 million, then losing it all. When Archie won all that money at the craps table, I begged him to invest in something for his future, but I could see in his eyes that it wasn’t his future he was thinking about during “the Run.”

Archie called me at the Bicycle Casino one Saturday morning and said he was going to play a $500,000 Razz freeze out with Johnny Chan. Archie beat Johnny, a player I consider to be in the top three of all time. Archie once told me, “Robert, look at all these players that have their pictures on Binion’s Hall of Fame. It should say Hall of Shame because I beat them all.” And he did; he beat Doyle Brunson, Chip Reese and Johnny Moss, all considered some of the best players ever to play the game. Archie is considered to be one of the greatest gamblers of all time—there certainly will never be another like him.

When I first started coming to Las Vegas in the 70s, I was playing poker at the Golden Nugget when an older gentleman dressed in a suit sat down. Different people kept coming up to him and congratulating him, so I assumed he was an employee of the casino.

He was playing very aggressively and drinking heavily. After playing for about an hour, he was approached by security and a couple of suits. They asked him to come with them. I was curious about what had just happened, so I asked about it the next day.

I was told the gentleman was a pit boss who retired after 25 years. The casino had a retirement party for him earlier that day. The problem was he had already lost $25,000 at dice that night, and rumor was he had not gambled in 25 years. Management intervened because it appeared he had fallen off the wagon.

I have been in the gambling business for over 50 years both as a player and as a marketing executive. I have seen it all. What drives most gamblers is the desire to make that score that will change their lives, so why then do they keep gambling even after they win life-changing money?

You can be successful in the professional world of gambling if you can master the art of staying in control of your bankroll and yourself. Like everything in life, it’s all about moderation. Know your limits before you start.

If you or someone you know may have a gambling problem, call the National Council on Problem Gambling’s toll-free helpline at 1-800-522-4700.

Robert Turner is a legendary poker player and billiards/casino marketing expert. Robert is most well known for introducing the game of Omaha poker to Nevada in 1982 and to California in 1986. He created Legends of Poker for the Bicycle Casino in 1995 and Live at the Bike, the first live gaming site broadcast on the Internet in 2002.

He has over 30 years experience in casino marketing and player development. Find Robert on Facebook at https://www.facebook.com/thechipburner and on Twitter @thechipburner. He can also be reached at robertturnerpoker@gmail.com for consulting and teaching.

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Nothing Left to Lose: Poker Champion Ryan “the Beast” Riess Dominates WSOP Final Table

2013 WSOP Champion Ryan "the Beast" Riess

2013 WSOP Champion Ryan “the Beast” Riess

I am often asked if poker is a young man’s game. Based on my almost fifty years of playing, I would have to say yes.  Let me explain.  The 2013 World Series of Poker November Nine, which was played this week, featured a final table with an average age under 30.  In fact, Ryan “the Beast” Riess, the youngest player at the table at 23 years of age, won the championship title after eliminating four players before entering heads-up play against eventual runner-up Jay Farber.

When I was young myself and had no responsibilities, I played a hyper-aggressive style. I did not care who I played even if they were legends.  I remember playing a pivotal hand the first couple of hours in the Main Event of the World Series of Poker against Doyle Brunson when I was much younger.  I called a small raise from the big blind with 3 5 spades, and the flop came 2 4 6.  I flopped a small straight, but there was a flush draw on the board.  I was very nervous staring at this poker legend across the table, so I just said all-in.  He said, “Kid, I hate to go broke so early, but you must be on a draw to move in or have a pair.  I call.” He had a big pocket pair, so I won the hand and knocked out a legend.  When he got up, he said he could not believe he played the hand so poorly.

That hand helped reinforce my belief that being aggressive was the best way to play poker because it gives you more weapons in your arsenal, and it worked well for me for years.  It helped me to achieve the record for most consecutive cashes in the Main Event from 1991-1994. Dan Harrington said in one of his books on Hold‘em that Stu Ungar, Jack Keller along with myself started the aggressive style of play. I earned my nickname the Chipburner based on this style of play.  My younger kids still tease me about it and say, “Dad, why don’t you change your name to Chip Earner?”  They have a good point.

When you are young, going broke is just another way of saying “in between bankrolls.” According to media reports, current WSOP champion Ryan Reiss was broke a mere year ago before winning second place in the WSOP Circuit main event in Hammond, Indiana in October 2012. However, once you cross into your mid-thirties, many players have families and mortgages.  With these added responsibilities, the prospect of going broke is scary and will affect one’s poker decisions.  When you are young, you have nothing to lose. It’s like that line in the Janis Joplin song Me and Bobby McGee: “Freedom’s just another word for nothin’ left to lose.”  When you are young, you can afford to take risks you are not willing to take when you are older.

Lyle Berman once said if there are 100 players in a tournament, and you are the best player in the world, you may still never win a title in your lifetime.  The combination of aggression and luck makes No Limit Hold’em very volatile.  Most of the best players now play mixed games to protect their bankroll because so many decisions in No Limit are little more than a coin flip.

There is no question that today’s young players have more information available to them that allows them to become expert players faster than we did in the early years, and it has definitely elevated the game.  The internet changed everything.  The explosion of internet poker has allowed many young players to hone the art of aggression, and they are very hard to beat. It has allowed these kids to get rid of their inhibitions. They do not play the person so much as they play the numbers.

Poker is now much more a math game, whereas in the old days it was more a people game.  We would look for certain players to play and avoid others.  Now you are just an anonymous seat number. This style has also made poker more of a lottery than a skill-based game.  Even though you are the best player, it does not mean you will always win.

After nearly a half a century of playing poker, I have to admit it is a young man’s game.  After seeing it from both sides, I will say this about age.  Playing poker for a living requires stamina.  The effects of aging on one’s poker game cannot be overstated. In 2005 I finished 97th in the Main Event at the age of 58.   The toll it took on my body affected my play. It was extremely tiring.  I blame myself for not being in the best shape, but as a young man, playing three days was nothing.  After a marathon poker session, I would take a shower and look for another game.

Nowadays after 10 hours, I can feel the pain.  My wife has introduced me to yoga recently, and it has helped me immensely because poker is both a mental and physical game.  Once you cross 50 years of age, you have to prepare more for the physical demands of these multi-day poker tournaments.

Now to answer the question I posed at the beginning of this article.  Youth clearly is an advantage in poker, but experience has its place, too.  Doyle Brunson once said, “When we put our feet under the table, we are all one big family.”  And I’m proud to be part of that family for nearly half a century.

Robert Turner is a legendary poker player and billiard marketing expert. He created Live at the Bike, the first live gaming site broadcast on the internet in 2002. He also created the Legends of Poker for the Bicycle Casino and the National Championship of Poker for Hollywood Park Casino both in 1995.

Robert is most well-known for introducing the game of Omaha poker to Nevada in 1982 and to California in 1986.  In the year 2000, he created World Team Poker, the first professional league for poker.  He has spent over 30 years in casino marketing and player development and has served as an executive host at the Bicycle Casino and MGM.  He is currently working with his new companies Crown Digital Games developing apps and Vision Poker, a poker marketing and managing group.

Follow Robert on Twitter @thechipburner.  Robert Turner can also be reached at robertturnerpoker@gmail.com for consulting, marketing and teaching.

Nothing Left to Lose: Champion Ryan “the Beast” Riess Dominates WSOP Final Table

2013 WSOP Champion Ryan "the Beast" Riess

2013 WSOP Champion Ryan “the Beast” Riess

I am often asked if poker is a young man’s game. Based on my almost fifty years of playing, I would have to say yes.  Let me explain.  The 2013 World Series of Poker November Nine, which was played this week, featured a final table with an average age under 30.  In fact, Ryan “the Beast” Riess, the youngest player at the table at 23 years of age, won the championship title after eliminating four players before entering heads-up play against eventual runner-up Jay Farber.

When I was young myself and had no responsibilities, I played a hyper-aggressive style. I did not care who I played even if they were legends.  I remember playing a pivotal hand the first couple of hours in the Main Event of the World Series of Poker against Doyle Brunson when I was much younger.  I called a small raise from the big blind with 3 5 spades, and the flop came 2 4 6.  I flopped a small straight, but there was a flush draw on the board.  I was very nervous staring at this poker legend across the table, so I just said all-in.  He said, “Kid, I hate to go broke so early, but you must be on a draw to move in or have a pair.  I call.” He had a big pocket pair, so I won the hand and knocked out a legend.  When he got up, he said he could not believe he played the hand so poorly.

That hand helped reinforce my belief that being aggressive was the best way to play poker because it gives you more weapons in your arsenal, and it worked well for me for years.  It helped me to achieve the record for most consecutive cashes in the Main Event from 1991-1994. Dan Harrington said in one of his books on Hold‘em that Stu Ungar, Jack Keller along with myself started the aggressive style of play. I earned my nickname the Chipburner based on this style of play.  My younger kids still tease me about it and say, “Dad, why don’t you change your name to Chip Earner?”  They have a good point.

When you are young, going broke is just another way of saying “in between bankrolls.” According to media reports, WSOP champion Ryan Reiss was broke a year ago before winning second place in the WSOP Circuit main event in Hammond, Indiana in October 2012. However, once you cross into your mid-thirties, many players have families and mortgages.  With these added responsibilities, the prospect of going broke is scary and will affect one’s poker decisions.  When you are young, you have nothing to lose. It’s like that line in the Janis Joplin song Me and Bobby McGee: “Freedom’s just another word for nothin’ left to lose.”  When you are young, you can afford to take risks you are not willing to take when you are older.

Lyle Berman once said if there are 100 players in a tournament, and you are the best player in the world, you may still never win a title in your lifetime.  The combination of aggression and luck makes No Limit Hold’em very volatile.  Most of the best players now play mixed games to protect their bankroll because so many decisions in No Limit are little more than a coin flip.

There is no question that today’s young players have more information available to them that allows them to become expert players faster than we did in the early years, and it has definitely elevated the game.  The internet changed everything.  The explosion of internet poker has allowed many young players to hone the art of aggression, and they are very hard to beat. It has allowed these kids to get rid of their inhibitions. They do not play the person so much as they play the numbers.

Poker is now much more a math game, whereas in the old days it was more a people game.  We would look for certain players to play and avoid others.  Now you are just an anonymous seat number. This style has also made poker more of a lottery than a skill-based game.  Even though you are the best player, it does not mean you will always win.

After nearly a half a century of playing poker, I have to admit it is a young man’s game.  After seeing it from both sides, I will say this about age.  Playing poker for a living requires stamina.  The effects of aging on one’s poker game cannot be overstated. In 2005 I finished 97th in the Main Event at the age of 58.   The toll it took on my body affected my play. It was extremely tiring.  I blame myself for not being in the best shape, but as a young man, playing three days was nothing.  After a marathon poker session, I would take a shower and look for another game.

Nowadays after 10 hours, I can feel the pain.  My wife has introduced me to yoga recently, and it has helped me immensely because poker is both a mental and physical game.  Once you cross 50 years of age, you have to prepare more for the physical demands of these multi-day poker tournaments.

Now to answer the question I posed at the beginning of this article.  Youth clearly is an advantage in poker, but experience has its place, too.  Doyle Brunson once said, “When we put our feet under the table, we are all one big family.”  And I’m proud to be part of that family for nearly half a century.

Robert Turner is a legendary poker player and billiard marketing expert. He created Live at the Bike, the first live gaming site broadcast on the internet in 2002. He also created the Legends of Poker for the Bicycle Casino and the National Championship of Poker for Hollywood Park Casino both in 1995.

Robert is most well-known for introducing the game of Omaha poker to Nevada in 1982 and to California in 1986.  In the year 2000, he created World Team Poker, the first professional league for poker.  He has spent over 30 years in casino marketing and player development and has served as an executive host at the Bicycle Casino and MGM.  He is currently working with his new companies Crown Digital Games developing apps and Vision Poker, a poker marketing and managing group.

Follow Robert on Twitter @thechipburner.  Robert Turner can also be reached at robertturnerpoker@gmail.com for consulting, marketing and teaching.