Episode Details

YayoGerardo: "Crypto will not save you from financial burdens. Not for the average Joe anyways."

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From S.W Erdnase's "Expert At The Card table" (1902):

"THE passion for play is probably as old, and will be as enduring, as the race of man. Some of us are too timid to risk a dollar, but the percentage of people in this feverish nation who would not enjoy winning one is very small. The passion culminates in the professional. He would rather play than eat. Winning is not his sole delight. Some one has remarked that there is but one pleasure in life greater than winning, that is, in making the hazard.

To be successful at play is as difficult as to succeed in any other pursuit. The laws of chance are as immutable as the laws of nature. Were all gamblers to depend on luck they would break about even in the end. The professional card player may enjoy the average luck, but it is difficult to find one who thinks he does, and it is indeed wonderful how mere chance will at times defeat the strongest combination of wit and skill. It is almost an axiom that a novice will win his first stake. A colored attendant of a "club-room." overhearing a discussion about running up two hands at poker, ventured the following interpolation: "Don't trouble 'bout no two hen's, Boss. Get yo' own hen'. De suckah, he'll get a han' all right, suah!" And many old players believe the same thing. However, the vagaries of luck, or chance, have impressed the professional card player with a certain knowledge that his more respected brother of the stock exchange possesses, viz.--manipulation is more profitable than speculation; so to make both ends meet, and incidentally a good living, he also performs his part with the shears when the lambs come to market.

Hazard at play carries sensations that once enjoyed are rarely forgotten. The winnings are known as "pretty money," and it is generally spent as freely as water. The average professional who is successful at his own game will, with the sublimest unconcern, stake his money on that of another's, though fully aware the odds are against him. He knows little of the real value of money, and as a rule is generous, careless and improvident. He loves the hazard rather than the stakes. As a matter of fact the principal difference between the professional gambler and the occasional gambler, is that the former is actuated by his love of the game and the latter by cupidity. A professional rarely "squeals" when he gets the worst of it; the man who has other means of livelihood is the hardest loser.

Advantages that are bound to ultimately give a percentage in favor of the professional are absolutely essential to his existence, and the means employed at the card table to obtain that result are thoroughly elucidated in this work. We have not been impelled to our task by the qualms of a guilty conscience, nor through the hope of reforming the world. Man cannot change his temperament, and few care to control it. While the passion for hazard exists it will find gratification. We have neither grievance against the fraternity nor sympathy for so called "victims." A varied experience has impressed us with the belief that all men who play for any considerable stakes are looking for the best of it. We give the facts and conditions of our subject as we find them, though we sorrowfully admit that our own early knowledge was acquired at the usual excessive cost to the uninitiated.

When we speak of professional card players we do not refer to the proprietors or managers of gaming houses. The percentage in their favor is a known quantity, or