Dude lost his entire fortune bettin' on da ponies!

[megamillionslose]

http://www.hollywoodreporter.com/features/david-milch-made-100m-gambled-866184

[rake922]

This is crazy!

[jjgold]

everyone loses betting horses

suckers

[The Giant]

Wild story.

[Louisvillekid1]

Not surprised ,

luck would of of been a good show dammit

[tony_come]

Did he win?

[GunShard]

Rekt.

This is why it is sharp to never go all in.

Learn from his mistakes.

[mikewlgm]

Good article

[jjgold]

I doubt he bets anymore

He will make some of it back if that smart in Hollywood

[Dr.Gonzo]

everyone loses betting horses

suckers

Every book that offers fixed odds on horses bans a significant amount of people.

[Dr.Gonzo]

For a million dollars he could have had a world class model built with a team to manage it for years.

[jtoler]

Gonna read later, but he still has his shows to make money on right? Seems he cant be broke, in debt, but not broke right.

[JMobile]

I bet he'll end up being a regular poster here soon. He fits with us.

[mohye1980]

Check out how his daughter in the family pic. She is on some good shit.

[slayer14]

Was it worth it i guess he will live with regrets now.

[TiredPro]

Release of Dopamine is what he craves. Same euphoria he craved when addicted to heroin. Same feeling people addicted to their cell phones crave. His gambling woes probably not about making money.......it's how he feels when he's at the track placing a bet. Winning bets just amp it up even more. This Dopamine Rush is for real. Read about it.

[str]

everyone loses betting horses

suckers

Not everyone.

[slayer14]

Not everyone.

The people in the know win a lot of money like the owners of the horses and people close to the stable yards.

[str]

The people in the know win a lot of money like the owners of the horses and people close to the stable yards.

While a very small % of people that "are in the know" from stable talk actually win money long term, the vast majority of those types lose. That is mainly due to the fact that most people on the backside have no clue how to bet, or why to bet or not bet. They just think they do. As a rule of thumb at the track, and most places for that matter, the louder and more arrogant they are, the dumber they are.

You do not need to know anyone on the backside to win long term at the races. What you do need is patience, or control, a solid work ethic, and an understanding with yourself that you might spend several hours or more looking and learning in anticipation of a wager, but that wager never comes. It's the players that can not make a play all day, if one does not exist, that can win.

For the vast majority of people, they want to go to the races and bet the races. Nothing wrong with that, but it needs to be seen as entertainment, like going to the movies or something like that. Maybe you win, probably you lose some, but keep it manageable and within budget. That's what smart fans do.

It's the people that go to the track, bet too much in accordance with what they can afford and their level of knowledge that lose too much. Then, they blame the game or stable sharps, ( again, a crock of crap 99% of the time), for having an edge or cheating.

It's a shame that bettors constantly fool themselves into thinking their mistakes, and or shortcomings are brought on by others.

[jjgold]

He just seems like a guy that gets addicted to anything

I guess masking his real issues with addiction

[Jowframs]

everyone loses betting horses

suckers

No.....Everyone losses who bets every race every game on the board
Money management Descipline

[BetterBizness]

Most of us are at least decent cappers when we put our minds to it, and I'd argue most of us are at least break even... it's the everything else that makes us all poor...

Horses, on the other hand, you can't beat the rake.. just fking impossible to beat 20%

[jjgold]

If you can break even betting horses you can be rich of rebates and comps

[DiggityDaggityDo]

Gonna read later, but he still has his shows to make money on right? Seems he cant be broke, in debt, but not broke right.

He's living off of $40 a week so he's fine.

[squarenfl]

While a very small % of people that "are in the know" from stable talk actually win money long term, the vast majority of those types lose. That is mainly due to the fact that most people on the backside have no clue how to bet, or why to bet or not bet. They just think they do. As a rule of thumb at the track, and most places for that matter, the louder and more arrogant they are, the dumber they are.

You do not need to know anyone on the backside to win long term at the races. What you do need is patience, or control, a solid work ethic, and an understanding with yourself that you might spend several hours or more looking and learning in anticipation of a wager, but that wager never comes. It's the players that can not make a play all day, if one does not exist, that can win.

For the vast majority of people, they want to go to the races and bet the races. Nothing wrong with that, but it needs to be seen as entertainment, like going to the movies or something like that. Maybe you win, probably you lose some, but keep it manageable and within budget. That's what smart fans do.

It's the people that go to the track, bet too much in accordance with what they can afford and their level of knowledge that lose too much. Then, they blame the game or stable sharps, ( again, a crock of crap 99% of the time), for having an edge or cheating.

It's a shame that bettors constantly fool themselves into thinking their mistakes, and or shortcomings are brought on by others.

good post sir