[Johnny Hughes]

When I first started gambling, I learned the simplest, ages-old axioms that gamblers live by. Take the best of it on bets in relation to your bankroll. When I first went on the road traveling with big-time gamblers, I went broke fading dice because my bankroll was too small even though I had the best of it on every roll.

I never understood the gamblers with bad leaks and especially bad gambling leaks. How can anyone admire the tragic losers who, although skilled poker players, also lost large sums gambling: Johnny Moss, Titanic Thompson,Stu Ungar, Jack Straus, Nick the Greek. Nick the Greek and Johnny Moss ended up playing cheap limit in their old age because they just wanted to gamble every single day. Colorful but hardly admirable as the best gamblers.

I have often seen very young gamblers go on big winning streaks only to end up broke for various reasons. I have been there. You tell a good trapper by the furs on the wall.