Lessons to be Learned From Shrink

[BigdaddyQH]

Not saying the books per say , most do not realize what locals pull in.

Here in my little town you can bet $10,000 on a Nascar match up.

In major cities like NY, Chicago , LA and south Florida just to name a few, more bets are made on credit than any of these offshore books take in any day.

In some way or form each offshore book has some connection to organized crime.

Big time bettors that bet 5K to 50K a game are not posting up anywhere.

Those are the guys that are settling up with runners weekly.

Or simply just going through Vegas. I agree with you that offshre books are samll potatoes in this counry, compared to Vegas, and the books that operate through Vegas.

[hoopster42]

betting on credit is the equivalent of running up your credit cards except when
you bet on credit there is apparently no bankruptcy option

[BigdaddyQH]

IMO betting on credit is the equivalent of running on to a freeway during rush hour traffic. You may not die when you get hit, but you probably will wish that you did.

[Scorpion]

http://www.gambling911.com/gambling-news/weitzer%E2%80%99s-rivals-speak-out-041510.html

Weitzer’s Rivals Speak Out
Owners of rival websites are speaking out about the shocking double suicide of gambling-themed website owner Ken "The Shrink" Weitzner and his wife last week in a Virginia garage.

Weitzner had been the owner and operator of The Prescription (www.therx.com), a website featuring sports handicapping selections, a posting forum and news articles about sports wagering, until selling the lucrative site to Marty Jensen in 2001.

In 2005, Weitzner started another similar website, Eye on Gambling (www.eog.com), which he owned and operated until his death.

In an exclusive interview with Gambling911.com, Jensen, who still owns and runs The Prescription, said: "As you know, Ken started The Prescription back in 1997, which has grown into the world's largest sports forum.

"Although Ken was not able to duplicate this feat with Eye on Gambling, however, what he achieved with The Prescription was really incredible.

"I was both saddened and shocked to hear the news regarding both Ken and Jackie. It still has a surreal feel to it. My condolences to both families."

Russ Hawkins, owner of Major Wager (www.majorwager.com) posted his reaction in the posting forum at his website.

Hawkins, who openly despised Weitzner, his main competitor in the gambling news website biz, wrote: "Not really sure what to say here. I think that those of you who know me personally know that I never gave into Ken's bullshit.

"In fact, I spent a good deal of my time trying convince people that he was a con man of extreme proportions. Nothing has changed. Clearly he conned his wife into suicide--a wonderful mother by all accounts and fantastic grandmother.

"My sorrow is with Jackie's family. Ken had none. He had a Mother he leeched from...I have nothing more pleasant to say, so I won't."

By Tom Somach

Gambling911.com Staff Writer

tomsomach@yahoo.com

[pat venditto]

So it's confirmed shrink was a piece of shit no?

[Brock Landers]

http://www.gambling911.com/gambling-...ut-041510.html Weitzer’s Rivals Speak Out Owners of rival websites are speaking out about the shocking double suicide of gambling-themed website owner Ken "The Shrink" Weitzner and his wife last week in a Virginia garage. Weitzner had been the owner and operator of The Prescription (www.therx.com), a website featuring sports handicapping selections, a posting forum and news articles about sports wagering, until selling the lucrative site to Marty Jensen in 2001. In 2005, Weitzner started another similar website, Eye on Gambling (www.eog.com), which he owned and operated until his death. In an exclusive interview with Gambling911.com, Jensen, who still owns and runs The Prescription, said: "As you know, Ken started The Prescription back in 1997, which has grown into the world's largest sports forum. "Although Ken was not able to duplicate this feat with Eye on Gambling, however, what he achieved with The Prescription was really incredible. "I was both saddened and shocked to hear the news regarding both Ken and Jackie. It still has a surreal feel to it. My condolences to both families." Russ Hawkins, owner of Major Wager (www.majorwager.com) posted his reaction in the posting forum at his website. Hawkins, who openly despised Weitzner, his main competitor in the gambling news website biz, wrote: "Not really sure what to say here. I think that those of you who know me personally know that I never gave into Ken's bullshit. "In fact, I spent a good deal of my time trying convince people that he was a con man of extreme proportions. Nothing has changed. Clearly he conned his wife into suicide--a wonderful mother by all accounts and fantastic grandmother. "My sorrow is with Jackie's family. Ken had none. He had a Mother he leeched from...I have nothing more pleasant to say, so I won't." By Tom Somach Gambling911.com Staff Writer tomsomach@yahoo.com

This covers all the bases..I'd say there is nothing much left to be said.

[Fishhead]

Let's wait and see what transpires........I knew Ken quite well years ago.

Stay tuned

[robmpink]

forum ville is what I mean

cmon this guy founded the rx..eog and has his off spring working all over sbr and other forums..shrink is a forum legend

for a guy that wass bashed by so many people on a daily basis he was a nice guy to most

He was

[INVEGA MAN]

Today was a date he didnt want to see. Al Capone went to jail for this

[Thor4140]

I think so Doug

Supposidly they both left notes

[pat venditto]

Today was a date he didnt want to see. Al Capone went to jail for this

I don't follow.

[pavyracer]

I don't follow.

That's because you never worked and never saw a W-2 form.

[Scorpion]

Ken Weitzner May be Poster Child for Anti Online Gambling Folks

http://www.gambling911.com/gambling-news/ken-weitzner-may-serve-poster-child-anti-online-gambling-folks-041510.html

It may not be long until we start hearing online gambling foes in Washington throwing the name "Ken Weitzner" into their self-absorbed agendas to ban Internet poker and sports betting. Weitzner and his wife Jackie Balance were discovered this past weekend dead of an apparent double suicide.

Weitzner was the proprietor of a popular sports betting portal EOG.com and if the rumors emerge as fact, he may become the biggest poster child for the GOP's declaration that gambling ruins lives. In the case of Weitzner and his wife, gambling may have killed them.

No motive is known for the apparent double suicide but stories almost immediately began emerging that Weitzner owed several hundred thousand dollars in gambling debts and took his life because he could not pay. Of course there are other rumors circulating: One being an indictment tied to illegal gambling activity was about to be handed down against the EOG.com founder.

Weitzner was there when the first online gambling website debuted way back in 1996 - Sports International. He ran a "pay-for-picks" sports handicapping website prior to launching one of the first online gambling news and information portals, TheRx.com. Among its first adveritsers was none other than Ruth Parasol, founder of the behemoth PartyGaming enterprise. At the time she was involved with an online casino venture based in the Dominican Republic.

As part of a GOP memo leaked this week expressing outrage over attempts to legalize online poker, Rep. Spencer Bachus (R-Ala.), ranking member on the House Financial Services Committee, said in a statement that he would continue to push for implementation of the 2006 law hardening the prohibition for online gaming. "Our children and families need this protection," Bachus said.

Ironically, Bachus' own state is one that is pushing forward to legalize land-based gambling in an effort to boost the local economy.

Authorities investigating the Weitzner deaths expect toxicology tests to take several weeks. It is reported, however, that a suicide note was left behind by the couple though early indications suggests little details were provided that would explain a motive.

Alejandro Botticelli, Gambling911.com

[Extra Innings]

gambling911 cannot be trusted.

[BrentCrude]

The name of the game is to survive at all cost.I'm not sure how old the two of them were but look at all the older guys in the last few years like Ken Lay from ENRON that died mysteriously right before they went to prison.Look at what an idiot Sadaam Hussein was where he didn't have an exit strategy.He very easily could have worked out a deal to go into exile with tens of millions of bucks living the good life but he stayed in the game too long.When you are in a position where everything is coming down around you,get the hell out of Dodge.Shrink and his wife could have easily been cashing in everything they could get their hands on and moved to an area of northern Minnesota where I have a cabin in the boonies and lived a decent life without anyone ever knowing where they were.I actually think I know people who have done this and they seem to have it ok.It beats taking a dirt nap.

[SBR_John]

Stay within your means by using a system. Your gambling bankroll should never be more than 10% to 15% of your earnings. Even the rich can become poor without good money management.

[Fishhead]

The name of the game is to survive at all cost.I'm not sure how old the two of them were but look at all the older guys in the last few years like Ken Lay from ENRON that died mysteriously right before they went to prison.Look at what an idiot Sadaam Hussein was where he didn't have an exit strategy.He very easily could have worked out a deal to go into exile with tens of millions of bucks living the good life but he stayed in the game too long.When you are in a position where everything is coming down around you,get the hell out of Dodge.Shrink and his wife could have easily been cashing in everything they could get their hands on and moved to an area of northern Minnesota where I have a cabin in the boonies and lived a decent life without anyone ever knowing where they were.I actually think I know people who have done this and they seem to have it ok.It beats taking a dirt nap.

I doubt this would be true...........

[Fishhead]

So many people are jumping to conclusions as to what ACTUALLY HAPPENED HERE AND WHY IT OCCURRED.


Hopefully we all will know more in 2-3 weeks.


I'm still far from convinced that this was a double suicide.........and for that matter, not even convinced that they are even dead.

There are so many questions that need to be answered yet and so many things that simply do not add up.

[thezbar]

Stay within your means by using a system. Your gambling bankroll should never be more than 10% to 15% of your earnings. Even the rich can become poor without good money management.

Bingo!

[MonkeyF0cker]

So many people are jumping to conclusions as to what ACTUALLY HAPPENED HERE AND WHY IT OCCURRED.


Hopefully we all will know more in 2-3 weeks.


I'm still far from convinced that this was a double suicide.........and for that matter, not even convinced that they are even dead.

There are so many questions that need to be answered yet and so many things that simply do not add up.

Agreed.

[Fishhead]

If this indeed was an actual double suicide created by huge debts encountered by The Shrink it would be just another lesson that is so often relayed in this business........NEVER GET TO BIG FOR YOUR OWN BRITCHES.


Having said that, as stated before, I'm still questioning and asking myself what actually happened here and why..........way to many scenarios for any of us to pass judgements at this time in my opinion.

This coming from someone that has met Ken numerous times and having spoken with him at least on 100 seperate occassions on the phone.

[MonkeyF0cker]

I'm just not buying it being a double suicide because of debt. Shrink didn't seem like the type to give up. He actually seemed to thrive on adversity. I never had much respect for the man but that much at least is true. And it really wouldn't make sense for his wife to kill herself too. From what I've heard of her, it would make more sense that she would seek help for him rather than partake. The story is just fishy.

[JEK]

Amen to this. As long as I've been gambling, never once on credit. If I don't have the cash to gamble with, I don't need to be gambling.

Don't play on credit, seems as simple as that.

[Fishhead]

I'm just not buying it being a double suicide because of debt. Shrink didn't seem like the type to give up. He actually seemed to thrive on adversity. I never had much respect for the man but that much at least is true. And it really wouldn't make sense for his wife to kill herself too. From what I've heard of her, it would make more sense that she would seek help for him rather than partake. The story is just fishy.

A DOUBLE suicide is 20x harder to fathom/believe then if Ken had just reportedly taken his own life.

Like you stated, Ken thrived on adversity...........plus he had many more attributes about him and the type of personality that would indicate he would never do such a terrible thing as taking his own life.

In addition, Ken also has the type of persona, ego, and flair for the dramatics to fake his own death(and that of others).......just saying.

But as stated, doing my best to hold judgement until we know at least a little more in 2-3 weeks.

[Scorpion]

Lessons to be Learned From Shrink

Lesson #1: MOney management: With all his connections he could not get it done because of bad money management

Having as many connections as I do in this industry affords me the luxury of following many Professional gamblers and syndicates. There are quite a few names that I could have included in this top 10 list, but I wanted to stick with only the TOP 10 sports gamblers/syndicates who I believe are the most revered...



All comments are welcome...





1- BILLY WALTERS


2- BILLY BAXTER


3- PINNACLE HENRY



4- THE GREEK SPIRO


5- MARK THATCH


6- FEZZIK


7- DOCTOR BOB


8- THE AUSSIES


9- SPANKY


10-THE CHINA MAN




THE SHRINK

[Bluehorseshoe]

There's nothing wrong with having locals as long as you don't panic. That urge to get everything back when your down on Sunday is a MotherFcker, but you learn. You have to accept things and stay in control. I have 4 of them and I'm still breathing.

[laconic]

I'm guessing there must be a good 15-20 years between his university days and therx, no?

What did kenny do those years? I'm assuming he didn't/couldn't practice his graduation trade.

[MadTiger]

in most states your primary residence is protected as is a certain amount of the equity. so the short answer is no, they wont take your house away

The principle is called "homestead."

[MadTiger]

I don't buy a Jewish gambling forum founder with ties to BW, going on tilt with bets. I don't think this man was stupid, immoral, easily, but not stupid.

This just in: Jews are allowed to be just as stupid as Gentiles.

[Fishhead]

This just in: Jews are allowed to be just as stupid as Gentiles.

[Scorpion]

I'm guessing there must be a good 15-20 years between his university days and therx, no?

What did kenny do those years? I'm assuming he didn't/couldn't practice his graduation trade.

It seems he did not have a degree, he was really not a shrink
I read an article about it on gambling911.com

[konck]

probably best to let it all lay

[hoopster42]

- the Shrink and his wife are still alive
- we never went to the moon, it was just a hollywood studio hoax
- 9/11 was an "inside job" w/remote controlled planes controlled by our govt
- UFO's swing by the earth every now and then
- the world will end in dec 2012

[cadillac pete]

I think the family is consumed with grief and saddness at this point, but eventually that sadness might be replaced with anger.

[hoopster42]

I think the family is consumed with grief and saddness at this point, but eventually that sadness might be replaced with anger.

yes.