Customer Reviews

Poker: A Guaranteed Income for Life by Using the Advanced Concepts of Poker

5 star:		(4)
4 star:		(1)
3 star:		(1)
2 star:		(2)
1 star:		(1)

 

 

Wallace's is surely one of the best books ever written about playing poker. His is not the scientific how to manual that will make you more technically proficient. For that read any of a number of books about specific brands of casino poker (Sklansky, Malmuth, Caro, Kreiger, Jones, Carson can help you there). But if you want the quintessential book about how to take advantage of poor home game players then this is your bible.

Intentionally or otherwise, in the process of showing you how to best fleece your friends and acquaintances at poker Wallace forces the thoughtful reader to examine the underlying reasons we play this game. Do we really want to get friends into feeder low stakes games, dupe them into thinking they're pretty good, convince their spouses that they're doing OK at poker, while luring them into higher stakes games where we can go for the kill? If we do, this book shows us how. But even if don't, by showing us how, Wallace forces us to come to grips with how far we're willing to go to win at this fascinating game.

The book is not without its flaws and holes however. Wallace's statistical tables in the back are in error. Check out Scarne's tables in his books or Caro's from the MCU on line. And Wallace doesn't even touch on tournament poker or playing in a casino or on the now-popular forms of poker like Hold Em and Omaha. But then, Wallace begins his instruction as if you are already a solid technical player. His tutoring is on how an already good poker player can win the most money from other home game players. In that regard his book is a masterpiece.

As a final aside, it's interesting to note that in Wallace's later works -- the whole "Neo-Tech" genre -- he clearly has gone off the deep end. But this book was written before these bizarre excursions into psuedo-science and seems sane, though obsessive.

This should have been the poker book that ended poker books. At the time it came out, it was far, far deeper and more sophisticated than anything else in the field, and in some ways, despite the exponential improvement in poker literature, still is. When the Jacoby's and Rubens's were telling us to keep stakes down, quit by midnight, and don't let players get hurt, Wallace knocks down those barriers like wooden fences in a category 5 hurricane.

As with Wallace's other writings, he purports theory without many specific examples. that's up to you, which demands a lot of the reader. But this book is the only one I know of which provides a framework for working a maximum-win approach in home poker games, with stark amorality and requiring a tremendous amount of work (and patience, a necessary poker virtue which Wallace severely underemphasizes). That approach isn't what most poker players want, and few of those would work hard enough to implement it decently, but for the handful of others it could work.

The book gets its true greatness at the end, when he explains that for all the possibilities inherent in poker, it's a losing proposition. After teaching us to be "good players," he explains why the "good player is the biggest loser in poker." Why, you'll have to read. This book is no match technically for the products of Sklansky, Malmuth, Zee, and others, but has a vision which stands tall even today. Poker is work - if you want it, you can excel at it. and that's true for a lot of the rest of life as well.

This is of interest mainly for historical reasons, because it was one of the first "naughty" poker books to receive significant circulation. It made some impression on me when I read it a long time ago, but looking into it now it seems old fashioned and contrived. Basically this is a sort of handbook for small time cheats and grifters. The value that it once had was that it might show you what to look out for. But the situations are outdated, coming long before internet poker and the expansion of the casinos.

The first half of the book explains, complete with many charts and diagrams, how you can get your friends and neighbors into a regular poker game in your home, cheating them out of small amounts of money in the process. Later, the author ventures into the public poker venues of his day. He seems to be a newbie on the casino scene, so I don't think his observations are worth much, even though he backs them up with abundant charts and tables, showing for example, how much he imagines a cheat makes vs. a good player under various conditions. The one part that might conceivably be worth reading has to do with methods of low-life chiseling in California poker clubs.

One of the reviews says this book was "a breath of fresh air" when it first came out. That is true, but it is fresh air that carries a foul odor. If you have ever known a person you would not want to allow into your house to use the bathroom because you are afraid they might steal something while they are in there, then you have an impression of the author and the people he writes about.

Another review says Wallace wrote this book shortly before he went crazy. I am not sure of the exact timing, but there is a certain sociopathic compulsion running through the pages that makes it both interesting and repulsive. A Ron Hubbard wannabe, Wallace later became the apostle of his own neo-Randian philosophy. Re-reading the book now, I am struck by the constant circular self justification of the Objectivists. They are entitled to break the rules because they are more "objective" than we are. They are "objective" because they break the rules.

It is frequently said in poker books that you should "play the people, not the cards". To give due credit, this was one of the very first poker books to give hints of how that might be done. But it is highly inadequate in that regard.

If you really want to learn about "playing people" and the fine points of the meta-game of poker, I suggest you read Brunson's great No Limit chapter in either of the Supersystem books. (And Doyle Brunson is welcome to use my bathroom at any time of the day or the night.)

This book focuses on winning maximum money in poker and earning a living on it. Therefore, it is a rather serious book that outlines the 120 concepts of winning poker. This may sound confusing, but once you read it, you will understand it fully. This book is a great book if you want to win money. If you only want fun, don't bother.

Before "Frank R. Wallace" started writing the Neo-Tech stuff, before the tax busts, before the descent into what can only be termed some sort of pseudo-Scientology obsessive narcissism, "Wallace" wrote this book on playing poker to win. Somewhat overtitled "a guaranteed income for life," he focused strictly on playing regular home games, typically dealer's choice, with a wide variety of poker forms to choose from.

The book does not touch on the strategy of any of the games at all, but basically assumes the technical understanding of each game by the reader (a big assumption, especially in 1977). Instead, he deals almost exclusively with the psychology of the players, and on how to recognize skill, softness, dysfunction, or tilt in one's opponents...and on how to manipulate them into shape for the ultimate long-term financial benefit of the good player. He organizes this into a series of "advanced concepts of poker," bullet points of various degrees of importance. Finally, they are illustrated by brief skits or sketches from a fictional game. These are written so starkly good v evil, black v white, in such an exaggerated straw man style that they are laughably off to anyone playing poker regularly today, unfortunately.

For the modern poker reader and player, a few of the psychological insights are useful, as are recommendations for hosting and taking control of home games. As stated, there is nothing on the games themselves, nothing on casino play with a much larger group of potential opponents, and the mathematical tables in the back of the book are not fully reliable either. So, in other words, if you can wade through Wallace's writing style, you will find some stuff of interest, but hardly enough to justify buying this as anything other than an old poker curiosity by a highly eccentric writer.

A detailed sure fire encyclopedia and strategy guide for anyone who is serious about becoming a good poker player. And a how to guide for recognizing a good player and weakness in players and turning those weaknesses into an advantageous position a good player can leverage into cold hard cash. A book about people.

Awesome book for people who want to really know how to earn money playing poker.

Right I stumbled across this on the net. Don't be fooled ino thinking that there is much to learn about poker in this book unless you are a back stabbing low life. After reading a few pages it soon becomes apparant that there is a nasty undercurrent running through it. The book actively encourages deception, deceit and a selfish mindset. At one point it even suggests a characters actions caused the death of one of his poker 'buddies'. The only regret being he was no longer available for fleecing. This is a book written by a cult leader and should be treated as such. See his site at neo-tech.com to see the real reasoning behind the 'tatics'.
In conclusion an interesting look into the mind of a mad man.

This book has some unintentional entertainment value, as the author lays out his Machiavellian mind set. But I found almost nothing of actual use at the poker table.