This is the transcript, chapter 1 of 5, for the PaceMakesTheRace Podcast: Interview With The Gambler – Part 2, which originally published in 2015!
Dave: Hi this is Dave Schwartz. I’m here with The Gambler. This is the interview with The Gambler – Part 2.
I have a great bunch of questions and many of them originated from the Pace Advantage Group. They are very interested in hearing what your life is like.
I am going to start with a question I think is excellent because I believe it will take us down a specific path. Do you regret making the decision to become a professional gambler?
Gambler: First, I would say that I do not think my life is all that interesting. I’m just like anyone else. I try to earn a living and take care of my family.
To really answer the question “Do I regret the decision?” would imply that I actually, consciously made the decision to become a professional gambler because it is what I wanted to do. However, it did not happen like that for me.
I was at a transitional point in my life. I had owned a business for a number of years, but I was no longer happy running it. So I decided that I would take a couple of months to figure out what I was going to do next.
During that time I just started gambling a lot. I started winning right away. I had gambled before so it was not as if I just sat down as a beginner and suddenly, I am working my hand and everything is easy.
As I said I had played previously, but I just started winning little by little. After about a month had passed I began thinking that I could make a little money gambling regularly.
I then felt that I could delay the decision about what I was going to do for another month. It just kept going like that and building. So I never, at any point, thought that this was absolutely what I wanted to do.
It just kind of became what I did because I was doing well at it, and I did not have to make any decisions about what else I wanted to do.
That might also go into ‘how long I am going to do this?’ ‘Do I see myself doing this forever?’ Probably not, but that’s because I have never done anything forever.
I can’t quote you the exact number, but I remember reading something a number of years ago that said: a person gets a career when he first starts working and continues that career until the day he retires.
These days people change careers at least once, usually two or three times during the course of their working life. That is probably where I am right now. At some point I am going to get bored.
I am not going to feel fulfilled or I am going to feel like I need to do something different. Then I will find myself back where I was a couple of years ago.
I’ll need to take some time off to figure out what I want to do with my life. I am fortunate that, right now, I am in a very good spot and I do not have to make that decision.
Dave: Might you someday go back to the work-a-day world?
Gambler: Yes. I have no clue what I will be doing. But some day I will end up doing something else.
I can say that with 100% certainty. What it is going to be remains to be seen.
Dave: The way you say that kind of makes it sound as if you’re a guy without roots. But, because I know you and your family, that is certainly not the case. You are not a guy who lives in a motel near a poker room. You are a real guy with a family.
Gambler: That is what it comes down to. The way I earn a living does not define who I am as a person. To be perfectly honest, my family defines who I am.
What is really important is that I provide for them. There is a great poker author, Tommy Angelo, who has written several books. He talks a lot about mindset and one of the things he talks about now is happiness.
If it does not bring me happiness in my life then it is not something I want to do. There are a million ways to make money.
It is just a matter of finding the one that allows me to do the other things I want to do. Which is going to my kids ball games, their school shows and things like that, while also paying the mortgage, keeping them fed and clothed, paying for college and all that stuff.
Dave: That makes sense. You kind of live this counter culture lifestyle to some degree. What is the impact of that on your family? Perhaps you can also touch on your daily schedule. By the way, how many children do you have?
Dave: Getting back to the counter culture lifestyle, what is your daily schedule like?
Gambler: I get up and help my kids get ready for school.
I also work out every morning, but it is not done with a goal of developing a six pack or anything like that. It is a goal based on the fact that I put in long days like everyone does. And the way I look at it is I want my mind functioning at a high level seven, eight, even nine hours into my day the same way it does at the start of my day.
The way I see it is: if your mind is the CPU of your computer you still need the cooling fans and other wiring to be working as well.
That is why I think exercise is incredibly important. I sleep better when I exercise all the time. I find that I have much better endurance for putting in long days, and making tough decisions, even at the end of the day.
That is why exercise is a part of my daily routine. In fact, eating well is also important. I am by no means a health nut when it comes to eating, but I generally try to structure my meals around my workday.
I will eat my heaviest meal in the morning, after I work out, so that I have time to digest it. I don’t want to eat a heavy meal in the middle of my workday when I’m getting tired and want to take a nap.
After I work out I eat, and then I do a little bit of study. I look at stuff I want to review from the previous day. I might watch videos on a training site that I am a member of, and look at different aspects of my game that I can improve.
I often make some notes and keep those notes nearby and easily accessible. The three things I want to look at on any given day are the three things I want to focus on. Once done, I take a break.
Dave: You kind of addressed the matter of your daily schedule.
For those of you who do not know, we do this interview live, but The Gambler actually sees my screen and can see the questions I am about to ask.
The physical fitness thing, I think, is amazing. Do you realize that most gamblers do not want to hear this? Don’t you think that the typical gambler, not the typical winning gambler, wants to just play?
He or she does not want to practice or work out to become physically fit. It kind of does not have any place in the equation. Do you agree with that?
Gambler: I may be way off base, but tell me if I am wrong when I say this.
If you look at a typical gambler you see a person that is going out to the track with some friends just to watch live races and, perhaps, bet on the pretty grey horse. That kind of person does not want to put any effort into his gambling habit.
But the people that buy and listen to your products are, I believe, those that want to improve what they do. Think they can make money playing the horses. They are determined to find a way to do it.
I do not think your audience is that typical gambler mentioned here.
I would say that a recreational player does not care anything about â€œlearning the game. The occasional gambler just wants to have a little bit of fun.
If that person was not betting on a horse he would put his money in a slot machine and actually have a better return on his investment at that slot machine.
Chapter 2 coming soon..
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