Quote:
Originally Posted by bumpnrun
Thanks for this book recommendation, looks good and I ordered it
The boomers are hard to get through to. Back when I was playing a tonne as a side hustle I tried very hard to explain to a few curious family members how I was winning over a large sample….and they just couldn’t grasp it
It’s like ….they can conceptualise how the casino or lottery type game has an EV edge over it’s players. But they cannot switch it over to a player having the same EV edge over the game .
I think it boils down to how drilled into them it is that all gamblers are doomed to lose in the long run, that they cannot bear to have this absolute truth ripped away from them
Back to the point of balance. Poker should only be a part of what you do, one of your income streams if you are serious , or a casual hobby. Full time grinding is just unhealthy , for nearly everyone, so if you are coping it from friends and family they are very likely correct and you know it, you just don’t want to admit it
There's a generational gap here that younger people may never understand.
In the USA, the boomer generation, if they wanted to gamble, they had to do business with the mafia.
For some reason, pop culture has glorified doing business with the mafia.
It wasn't as simple as driving to your local cardroom and playing poker. Often enough, your local underground mafia games were rigged. (According to my grandfather)
Take this iconic sports photo from the 60s. Ali was shouting "GET UP AND FIGHT"
Even the FBI suspected that this match was rigged. Do some research on the documents that were FOIA'd decades later. There's evidence to suggest that Liston was going to take a dive.
Not only that, horse races Hawthorne Race Course in Chicago were famously rigged by Al Capone and winning race tickets were used as method to pay people under the table. If Capone was doing it, other gangsters were likely doing it too.
My grandfather passed away 20 years ago, but I remember hearing some of these stories first hand. Some of which, I probably shouldn't repeat. I have no way of knowing if they are true or not.
Like a poster above said... Getting knee capped is probably the most notable way the mafia collected insolvent debts.
Another debt collection method they used is to force you to perform a crime, or they would kidnap/hurt your family.
If you approach boomer's concerns from this perspective, it makes more sense.