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Poker_ A Guaranteed Income for Life (Frank R. Wallace)


Wallace’s is surely one of the best books ever written about playing poker. His is not the scientific how to manual that will make you more technically proficient. For that read any of a number of books about specific brands of casino poker (Sklansky, Malmuth, Caro, Kreiger, Jones, Carson can help you there). But if you want the quintessential book about how to take advantage of poor home game players then this is your bible.

Intentionally or otherwise, in the process of showing you how to best fleece your friends and acquaintances at poker Wallace forces the thoughtful reader to examine the underlying reasons we play this game. Do we really want to get friends into feeder low stakes games, dupe them into thinking they’re pretty good, convince their spouses that they’re doing OK at poker, while luring them into higher stakes games where we can go for the kill? If we do, this book shows us how. But even if don’t, by showing us how, Wallace forces us to come to grips with how far we’re willing to go to win at this fascinating game.

The book is not without its flaws and holes however. Wallace’s statistical tables in the back are in error. Check out Scarne’s tables in his books or Caro’s from the MCU on line. And Wallace doesn’t even touch on tournament poker or playing in a casino or on the now-popular forms of poker like Hold Em and Omaha. But then, Wallace begins his instruction as if you are already a solid technical player. His tutoring is on how an already good poker player can win the most money from other home game players. In that regard his book is a masterpiece.

As a final aside, it’s interesting to note that in Wallace’s later works — the whole “Neo-Tech” genre — he clearly has gone off the deep end. But this book was written before these bizarre excursions into psuedo-science and seems sane, though obsessive.