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Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions Hardcover – September 18, 2007
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This is a tell all book about the largely unregulated but legal industry that sells money to lottery winners in exchange for a portion of their future lottery payments. Having worked in this industry for The Firm, as Ugel refers to his former employer, we learn that in states that allow such sales, this industry follows lottery winners who are often people who suddenly receive and mismanage a lot of unexpected money: often impulsive, poorly educated, lacking good advisors. When they need fast cash, The Firm and others capitalize on their need, again, legally. This also is the story of gambling, the pervasive industry in our society from lotteries to casinos to video poker games and more. Ugel, a gambler since age 19, tells a sordid tale of gambling addiction, and we all have much to learn from the author's important perspective on the proliferation of gambling opportunities. Written in an informal, sometimes humorous manner, this book contains excellent information for library patrons. Whaley, Mary
“For anyone who’s ever dreamed of winning the lottery, this is a terrifying look at what really happens when someone hands you that huge cardboard check. Ugel’s writing style is terrific.” (Ben Mezrich, New York Times bestselling author of Bringing Down the House and Busting Vegas)
“A jackpot of sleaze and hilarity” (The Oregonian (Portland))
“A breezy, funny writer.... Maybe this eye-opening book will galvanize a movement.... By turns amusing and alarming.” (Kirkus Reviews)
“His tale is a colorfully written account by a self-proclaimed overweight, chain-smoking, Krispy Kreme doughnut-eating, fanatical gambler....You will lick your chops, eager to hear the sordid woes of winners gone broke from spending sprees.” (USA Today)
“Ugel’s natural showmanship makes for entertaining reading. He does little to pretty up his misdeeds (heck, they were legal) and offers comical vignettes of his rendezvous and run-ins with prospective clients while delivering a well-deserved scathing indictment of the government-backed lottery system.” (Library Journal)
Ugel, a gambler since age 19, tells a sordid tale of gambling addiction, and we all have much to learn from the author’s important perspective on the proliferation of gambling opportunities. Written in an informal, sometimes humorous manner, this book contains excellent information for library patrons. (Booklist)
“[A] sordid--and highly engaging--tale” (Wall Street Journal)
Top customer reviews
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Edward Ugel's straightforward writing style is at times heartwarming, gut-wrenching and downright hilarious. This is reality at it's best.
I like that Ed kept the real names confidential.
My response to a Lottery buyout is, "NO Action here!!" and that two letter word "NO" will be used frequently.