Sep
16
Some Selections from the Autobiography of Frank Tarbeaux, from Victor Niederhoffer
September 16, 2016 |
In honor of new member Richard Prout:
"I've known scores of men who were unable to wait to win. They are too impatient. They want to do everything all at once. When I was racing my horses, all over the world I always figured there was plenty of time. I would be out there with them at crack of dawn watching them. And I would see to it that they lost races until their prices were right. I didn't care how long it took. But when they were right, and I knew they were right, I got busy."
The cowboys and soldiers fought when Frank wasn't taking their money in cards. "The odds were all in favor of the cowboys. The soldiers nothing but city boys, and didn't know anything about firearms except what they were taught in the army. The cowboys were all gun fighters. The cowboys filed down their triggers until they hung on a hair, just being discharged by pulling back the hammer. The solders guns were hard on the pull, a necessary army reg to prevent the poor gentleman from shooting each other by mistake. Lots of soldiers were killed". "There wasn't any law except guns unless a man shot someone in the back or got caught stealing horses. A man or two was killed, and what could be done about it? Nothing. The army could just charge it to profit and loss."
"The women liked to gamble. And they were all wild about systems. Of course it is a mathematical fact that no system can be built to get around the zero the percentage always must be in favor of the bank. In Monte Carlo there is one zero in roulette and here there are two zeros. Of course for a professional gambler like myself the casinos would be foolish places to spend my time. I gamble only to make money… when a hand of cowboys came in and with their gold dust, or sold their cattle, we would sit up night and day spelling each other until we had cleaned them out. I never put a shovel to the ground during all those mining fevers, and I saw them all except the great gold rush of 49. And I wasn't born then."
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