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John Patrick's Money Managemen [Paperback]

John Patrick (Author)
4.0 out of 5 stars  See all reviews (5 customer reviews)


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Book Description

June 1, 2001
This one-of-a-king gambler's guide to financial management teaches chance-lovers how to have realistic expectations, hold on to winnings, minimize losses, and bankroll their earnings effectively. Original.


Product Details

  • Paperback: 387 pages
  • Publisher: Lyle Stuart (June 1, 2001)
  • Language: English
  • ISBN-10: 0818406070
  • ISBN-13: 978-0818406072
  • Product Dimensions: 8 x 5.2 x 1.2 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #248,773 in Books (See Top 100 in Books)

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Customer Reviews

5 Reviews
5 star:
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4 star:
 (1)
3 star:    (0)
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Average Customer Review
4.0 out of 5 stars (5 customer reviews)
 
 
 
 
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16 of 17 people found the following review helpful:
4.0 out of 5 stars Excellent Information, November 7, 2001
By 
This review is from: John Patrick's Money Managemen (Paperback)
When I opened this book, I couldn't put it down. Patrick's analysis of casino money management was excellent. He offers many constructive suggestions on how to save yourself money at the various games. I then read it a second time. Although I'm sure the author has many critics of his strategies, his philosophy is sound - keep as much profit as possible when things are going good and bail out when things are heading south.

I did not agree with his feelings on blackjack being a "poor" choice especially when you are playing for profit combined with comps. You can certainly play blackjack for an extended period without getting hurt too badly while racking up excellent comp time. Even a using just basic strategy, the average player shouldn't have his bankroll decimated too substantially unless you are playing with a shortage of funds. However, I did agree with his suggestions on attacking the dealers weak cards whenever possible.

Patrick's chapters on Baccarat, Craps and Pai Gow poker are especially insightful although I'm sure the math wizards would roast his opinions. The author makes a good point that most of us who make a couple of trips a year to a casino are not playing in "the long run". We need to get the most bang for our buck while not losing our shirt.

I believe this book would be an excellent addition to any casino visitor's library. There are very few titles out there dealing with just money management alone. Combined with a few good strategy books, the player would have an excellent chance of coming out ahead.

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4 of 4 people found the following review helpful:
5.0 out of 5 stars This book has paid for itself and then some, April 16, 2006
By 
This review is from: John Patrick's Money Managemen (Paperback)
I consistently lost money gambling until I read this book and let the message sink in. Especially the information on sports wagering. That's what first turned me around.

Despite heavy skepticism, I tried the ideas in this book after reading it. On the very first wager, I made 10 times the price of this book -- on a bet I would have lost before reading the book.

Other people may not like the disciplined approach that John Patrick teaches. But it works for me.
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5.0 out of 5 stars Go deeper into the betting process with Patrick, December 5, 2010
By 
Wayne (Pennsylvania, USA) - See all my reviews
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This review is from: John Patrick's Money Managemen (Paperback)
John is still the Prince when it comes to how to bet. If you read this book and absorb only part of it you will be better off for it. Always worth the money as he spent his life in the lab of the casino. John is a real person and very funny. Can't go wrong.
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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
third bet, sixth bet, fifth bet, fourth bet, seventh bet, quad bet, accepting small returns, betting series, choppy table, max coins, flat betting, percent vig, set loss limits, house vig, short bankroll, right bettor, regression move, betting moves, sixth hit, money management approach, max bet, session amount, regression system, craps book, four consecutive losses
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Pai Gow, Green Bay, Big Four, Las Vegas, San Diego, Imus Pressit, Let It Ride, Beau Purple, Caribbean Stud, New York, Atlantic City, Red Dog, Advanced Craps, San Fran, Little Three, Klu Les, Rhee Repeet, Jerry West, Ivor Gott, Keenan Wynn, Queen of Clubs, Thomas Doubting, Ace of Spades, Naked Pulls
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