Overview

""Gambling is investing, and investing is gambling,"" says the Red Joker. Both situations begin with a common pool of money. The pool is distributed among those who have created it on the basis of a series of events that are partly controllable. Through a mixture of skills, self-control and sheer luck, some of those who have created it will receive more than others. There is no inherent difference between sifting through a horse's prospects of winning a race and a company's prospects of returning regular profits. There is no inherent difference in deciding whether to raise the betting on a particular hand of cards and deciding whether a property is a good or bad buy. But there is a world of difference between the pace of gambling and the pace of investing. A gambler faces as many investment situations in a week as an investor does in a lifetime. The rules are the same, but the gambler is in a situation where he can learn the rules very quickly. This is a book of advice from the gambler to the investor - The Red Joker Rules.

Full Product Details

Author:   Pat Holland
Publisher:   Harriman House Publishing
Imprint:   Harriman House Publishing
Dimensions:   Width: 11.20cm , Height: 0.80cm , Length: 19.80cm
Weight:   0.158kg
ISBN:  

9781906659172

ISBN 10:   1906659176
Pages:   152
Publication Date:   27 July 2009
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Unknown
Availability:   In Print  
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

Table of Contents

Biography Introduction - Prologue - Gambling is Investing - Investing is Gambling Part 1: Parlays Concept: The Geometric Progression Rule 1: Start Early Rule 2: Never Offer an Unlimited Parlay Rule 3: Keep a Reserve Tank Rule 4: Never Chase Your Losses Rule 5: Stay in Your League Rule 6: Gamble Your Early Winnings Rule 7: Don't Get Addicted Rule 8: Bid Boldly, Play Safe Case Study: The Club Bridge Gambler Case Study: The Bingo Gambler Case Study: The Roulette Gambler Case Study: The Texas Hold 'Em Gambler Part 2: Pitfalls Pitfalls and the Power of Zero Rule 9: Never Bet Too Big... Rule 10: ...And Never Bet Too Small Rule 11: Turn Down Proposition Bets Rule 12: Visit the Parade Ring Rule 13: Don't Get in Hock to the Bookies Rule 14: Keep Emotion Out of it Rule 15: Never Listen to Tips Rule 16: Watch the Dealer Rule 17: Don't Bluff to Bluff Rule 18: Do Not Cheat Rule 19: Engage Mathematics as Your Servant, Not Your Master Case Study: The Craps Gambler Case Study: The One-Armed Bandit Gambler Part 3: The Plateau Concept: Making the Theory of Large Numbers Work For you Rule 20: Sessions Are Not Seasons Rule 21: Seasons Are Not Sessions Rule 22: Don't Think of Gains or Losses as Spending Money Until the Game is Over Rule 23: Manage Your Money Rule 24: Set Targets Rule 25: Reduce Risks with Time Rule 26: Look for a Middle Case Study: The Blackjack Gambler Part 4: Percentages Concept: Percentages, Odds, Ratios and Probabilities Rule 27: Study the Form Rule 28: Turn Down Most Bets Rule 29: Small Percentages Are Big Percentages Rule 30: Study Your Opponents Rule 31: Beware of Long Odds Rule 32: Never Follow a Springer to Starting Price Rule 33: Never Bet Ante-Post Rule 34: Get to Know the Trainer Case Study: The Professional Racing Gambler Rule 35: The Ultimate Rule Epilogue

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Author Information

Author Website:   http://www.harriman-house.com/pages/authors.htm?Index=17188&Author=Pat_Holland

Pat Holland, B.Sc. has been a maths teacher and a recreational gambler for most of his life. Today he works as a freelance writer and takes an interest in the world of investment. He has long been interested in the common links between the principles of gambling and those of investment, and has been gathering the material for this book for many years. Pat Holland is married with three grown-up children, and is the author of three previous books and several thousand articles.

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Author Website:   http://www.harriman-house.com/pages/authors.htm?Index=17188&Author=Pat_Holland

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