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Archive for the 'gambling industry' Category

Jul 07 2008

“Bringing Down the House” by Ben Mezrich

“Bringing Down the House” by Ben Mezrich When I first read Bringing Down the House: The Inside Story of Six M.I.T. Students Who Took Vegas for Millions by Ben Mezrich, I wasn’t overly impressed by it, but rather pegged it as a mindless read, good for a summer afternoon at the beach.  It was more of an escapism book than you’d normally find in the nonfiction section, that’s for sure.

I had picked it up because I saw advertisements for the movie 21 (it’s based on the book) and figured it’d be fun to read.  What was surprising to me (although it shouldn’t have been, looking back on it) was the fact that the book is mostly fiction.

First, the plot: Basically, Ben Mezrich meets a guy at a party (Kevin Lewis) who says he has an amazing story to tell, and he wants Ben to tell it in a book.  Ben gets this kind of thing all the time as a writer so he really didn’t expect much, but to humor him, he agreed to listen.

Kevin told him a story that would be unbelievable to the average person: He was recruited as an MIT student, to learn how to count cards and play blackjack.  He was then sent to Las Vegas and other gambling cities to win the backers (the ones supplying the bankroll) the big bucks.  He got a cut of what he made, and became very rich because of this lifestyle.

All of that is actually true.  What’s not true is the embellishments that Ben Mezrich added to make the book more “readable,” as he put it.  In an interview with the Boston Globe, Mezrich said, “Every word on the page isn’t supposed to be fact-checkable.”  He also said, “The idea that the story is true is more important than being able to prove that it’s true.”

That really, no really bugged me.  I read a nonfiction book, expecting it to be *ahem* nonfiction.  I know, a real shocker there.  There was a laundry list of items that were completely made up (click on the link to the interview above if you’re interested) and then a whole other list of items that were exaggerated, changed, and warped in order for the book to be more “readable.”

Ben Mezrich did manage to achieve his goal of being more readable - his book became a New York Times bestseller.  I don’t like the methods used to achieve that goal though. I’ve never been a fan of the saying, “The ends justify the means,” and this was no exception.

I give Bringing Down the House 1.5 out of 5 stars, and I’m putting Ben Mezrich on my blacklist of authors.  I will never pick up one of his books again.  If you’re wanting some real information on Las Vegas, make sure to head on over to my friend’s blog, Living in Las Vegas.  It’s guaranteed 100% nonfiction.

Hava

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Jun 16 2008

“Money for Nothing” by Edward Ugel

Nonfiction Lovers, PG-13 rating, library books, book reviews, scratch tickets, winning the lottery, Edward Ugel, Money for Nothing by Edward Ugel, foul language, heavy drinking, gambling, gambling industry, lottery winners, money management, nonfiction book review, multi-million dollar jackpots, 4.25 stars, nonfiction books, Nonfiction Lover, Money for Nothing, lump-sum business Money for Nothing: One Man’s Journey Through the Dark Side of Lottery Millions by Edward Ugel was not about a guy winning the lottery, as I had originally thought it was.  Instead, Mr. Ugel worked in the lump-sum business: Basically, if someone was receiving an annuity payment over the course of 20 years because of winning the lottery, he would buy them out upfront and give a lump settlement to them, all for a fee, of course.  He made very good money, but it was an extremely competitive business and some of the tactics he used to find and sign up lottery winners was, to put it nicely, cutthroat.  He never broke any laws, but he did use some amazing salesmanship to “get ‘er done.”

It’s a fast-paced read - I finished the 235-page novel in just one day - and overall, I enjoyed it quite a bit.  There were several things that detracted from the novel though: First, the author didn’t shy away from using swear words.  If this were a movie, it would be rated PG-13 just for the language.  Yeah, sure, cutthroat salesmen probably weren’t worried about whether their language was clean or not, and I realize that it’s realistic this way, but still, I’m not a fan of swear words, and that did bother me.  Second, the author tended to tell stories within stories, and jump back and forth through time without explaining what he was doing.  The book is not organized chronologically, and he would refer to his wife, then fiancée, then child being born, then suddenly she’s his fiancée again.  I never quite knew where in time we were at.  And he’d also start telling a story, then start another story, go back to the first story, start a third story, then finally finish the first one.  For a speedreader like me, that was hard to keep up with.

It was worth jumping through time though, because the stories were absolutely fascinating.  I kept thinking to myself, “Why aren’t any of these people smart about the money?  Why do they blow through the money so quickly?” And then of course the requisite, “If I won millions in a lottery, I would be smart about it.” :-P Which I believed all the way until I got to the end of the book, where Mr Ugel made the following statement:

“If you were handed a thousand dollars, if you won it out of the blue, what would you do with it? No lying.  Yeah, I’d blow it too.  Now, if you were made to dig a ditch or paint a house, or do any job for a day or two in order to receive that same money, what would you do with it then? Exactly. Me too.  Bills are bills.

“Earned money is more valuable than found money because it is more valued.” Page 207, Money for Nothing

Touché, Mr Ugel.

Anyway, if you don’t mind a PG-13 book because of language and gambling (no sexual scenes, murder, or drugs in it anywhere, just swearing, drinking, and gambling) then you’ll be fine with this book.  And if you’re wanting to know more about the gambling industry, lottery winners, and the lump-sum business, then you’ll thoroughly enjoy this book.  I learned some pretty interesting facts, like the idea that lotteries help fund education is a bunch of bull, which took me by surprise because I live in a lottery state and I am constantly watching ads on TV about how lotteries help our schools prosper, blah blah.  Turns out that is a complete lie.  The government, lie about money?  Never.  I know, I know, shocking.

I give Money for Nothing 4.25 out of 5 stars.

Havs

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