This is the transcript, chapter 2 of 6, for the PaceMakesTheRace Podcast: Interview With The Gambler, which originally published in 2012!
The Pro Gambler’s identity is restricted to us knowing his name is Jeff. This is really great information for today. We trust you will enjoy this series of transcript blogs!
- Getting to know the Gambler.
- Handling Pressure.
- Cushion & Coaching.
- A Master-Mind Group.
- More about coaching.
- Becoming a Winner.
Chapter 2: Handling Pressure
Jeff left off on the last post saying:Â That is when it can get somewhat frustrating, if you have a bad run of luck whether it be for a couple of days or a couple of weeks where you are on the wrong side of luck and you are looking at, â€œI have not made any money this month.â€
Dave: That is the kind of pressure I was talking about. How do you handle that?
Jeff: I assess where I am. I look at look how I have been playing. I go over hand histories. Am I making the right decisions or am I getting frustrated? I used to have a problem with getting frustrated and chasing like a lot of horse players do. (A lot of players will chase.)
You have your bets laid out that you are going to make for the day. Let us say you are playing three tracks and you are going to bet on fifteen races total. Thirteen races go by and you have not hit a single one and now you are looking at all the last races on every single card thinking, â€œI have to hit one of these because I just want to break even for the day.â€
I assume most people using The HorseStreet Handicapper know that that is a guaranteed way to lose more money when you start chasing. It is the same thing with poker, I take a look at, â€œAm I making the right decisions?â€
If I am making the right decisions I just keep plugging ahead, if I am making bad decisions I take a break, whether it is I stop for the day… I wake up the next day, I feel good about myself, and I go ahead and give it a shot again.
If I do not feel good about myself or I notice that I am making the wrong decisions I am done for the day, I might just completely take the next day off and clear my head. Exercise helps keep you focused.
One of the things I have gotten from one of the coaches I have worked with on the mental game is breathing is incredibly important. Taking deep breaths to relax yourself and keep your mind focused. The challenge is not letting bad luck get to you and finding ways to cope with that, understanding that in the long term if you are making the right decisions you are going to make money.
Dave: You touched upon a couple of really good points there. I have always felt that you have got to become a winner from the inside out. A lot of people think if I could just become a winning horse player then I can get the rest of my life together. I really kind of think it has to work the other way around. What do you think about that?
Jeff: I completely agree. I think what has made a difference in this go around as a gambler versus my previous go around as a gambler, is the rest of my life supports what I am doing now.
In other words you know that a few years ago I was basically playing the horses full time and my wife was not comfortable with it. People would ask her what I did and she would almost be ashamed to tell them.
Now she is not only proud and happy to tell people but when they look at her like, â€œAre you crazy? How can you live with that?â€ she will run down the list of everything we have in the house. But the only reason we have it is because I play cards for a living.
How much better we live now than when I was trying to grind it out like everyone else. Now she understands what my talents are and not just me understanding where my talents are and she is comfortable with that and supportive of it.
We have certain ground rules. We do not discuss losses because she is a wife, she is worried about the kids, bills and everything else. If I have a really bad week she just knows I had a bad week, she does not know how bad and she does not want to know.
She has told me that she does not want to unless the bottom completely falls out. But I work extremely hard to have enough of a cushion to where I can sustain a large down swing that would otherwise cripple.
Stay tuned for Chapter 3…
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