If there is one thing that could be learned from Poker at least from the example of Phil Hellmuth, it is power. Power of money, power of achievement, power of living life on your own terms, basically the power within!
A college drop out, the success story of Phil began in 1988. And that story would make quite a fat book should we say?! Just a few chapters to mention: won the main event at the Seven card Hi/Low tournament being the youngest payer to do so, one of only three players in history to win three gold bracelets within a single year, a feat not to be talked about!
Love him, hate him, cant ignore him! His is definitely a living legend, but a controversial one as some people felt he was cheating at baccarat! Whatever his intentions were, he made a living out of this game and was for a while the only living legend on the Las Vegas strip.
Hellmuth got his first start when he and some friends, including a marketing genius, started their own sports book. They had all the cards and everything but the game was just not professional. That night they tried their luck at a raffle and ended up winning enough for a trip to Las Vegas, a company holiday there, and a new car! From there they moved into the nearby town of High Las Vegas, where they had another gambling panen138. They were just a group of friends but were good friends and on the way to getting rich off the cards they were playing!
They ended up in jail for bank robbery just after the case became infamous. The trial went on for some time and it was mentioned in the news as being a ‘million dollar’ case. To give you an idea of the sort of cash that was involved this must have been quite a fortune!
This is where the book got introduced. Because the only bookmaker that was willing to take the bets was conversant in sports betting and he offered a price that was 20 times what the other bookies were offering. The customer that ‘inspected’ the best offer ended up being screwed over and he had to come up with the funds or he could face 10 years in prison!
He and his group were members of a ring where in he believed that one of them was working for the real ‘bookie’ and every time one of them went to collect their winnings. They were all beaten by the odds and it wasn’t by luck either as some of them were quite capable of working out the games but they were depending on the knowing look of the bookie when they went to collect their money.
A few of them sold their houses, belongings and, of course, cash. Some ended up becoming involved in dangerous criminal activity and one of them, Adam cancellation, actually shot himself in the foot as he was about to be shot by an agent working for the bookies!
The rest went down to a double suicide: one to escape to freedom on the gambling course; the other to wait for the bookie to have an equally undesirable outcome.
No one ever claimed that the individual in charge of setting the bets could have played better, or perhaps worse, than those who shot themselves. Such statistics are, however, extremely over emphasized and tend to somewhat sensationalize the reality that bookmaking is a competitive market.
No bookmaker worth his salt would offer odds on anything, or let such odds spread too far. On the other hand, the calling of an inappropriate bet, be that an infraction of the conduct or rules of the game, can have far-reaching effects on the price for which a punter can expect to winnings.