What We Know About Poker Pro Fred Sarge Ferris

When you think of all-time greats in the poker world Fred “Sarge” Ferris has to be at the top of your list. Ferris played poker and played it well. Realizing that some people play poker for fun and some played it as a hobby, few of them had what it took to play for a living. Fred “Sarge” Ferris knew he did.

Fred “Sarge” Ferris grew up in the Great Depression and his father did everything to put food on the table. Living in poverty, his brother enlisted in the Navy and later became a well-known watchmaker and jeweler. He wanted to choose a different path. So he picked up gambling. He didn’t call it gambling. He was a consummate professional, never showing off his cards or giving away any information.

Although not much for publicity, Mr. Ferris started getting the attention of the other players and media as well. He started winning big pots, and high stakes cash games garnering the respect of his peers. His first big win came in a deuce-to-seven draw in 1980 winning $10,000. He then won $150,000 and a gold bracelet in the World Series of poker. After collecting his winnings, Fred Ferris was approached by a man named Stu Ungar.

Ungar did everything he could to convince Ferris that he could win the World Series Of Poker, but needed Fred’s help with the entry fee. Fred was unconvinced at first to help him out, after Ungar told him he had never played in a tournament before. Never the less, here stood a man so convinced he could do that Fred gave him a shot. Fred approached it as no different than playing cards; to him it was just another gamble. Ungar played masterfully, out dueling Fred’s arch rival Doyle Brunson to win the World Series of poker.

On April 22nd 1983 IRS agents approached Ferris in the card room and seized $46,000 in chips. It made headlines in on news circuits while sitting at Binion’s Horseshoe at high stakes games. The money was then reportedly seized because of back taxes Ferris owed to the federal government. One of the agents told Ferris to use the remaining money and buy a taco.

Fred “Sarge” Ferris and his scandal outrage the local Hispanic communities. Protesting that one of the agents mocked Ferris’ ethnicity. His parents were born in Lebanon but he was somehow mistaken for a Mexican. This was all a misunderstanding. Ferris said the agent was trying to be nice. The incident died off eventually.

During most of his life, he spent all of his time at the poker table. It seems appropriate to have his tombstone made out of a poker table, he died there. On March 12th, 1989, after playing in a high-stakes cash game, He suffered a massive heart attack. His funeral was held in Las Vegas. Many people attended his funeral. People came to show their condolences, some were happy he had died.

However after everything Ferris brought to the game he became the 18th inductee into the poker hall of fame. Later that year after a long investigation by both Las Vegas casinos and the Indian gaming commission, Ferris would be linked as one of five men who was in debt to the mob. To Fred’s credit the mob would never see their money.

He will be remembered for his accolades and achievements in the world of poker. His intelligence for the game and his techniques have earned him the respect of future poker players. Fred “Sarge” Ferris was called a “consummate pro” for a reason.

Addictions To Gambling on The Rise!

Over the past five years addictions to gambling have grown at an accelerated rate. Not only adults, but teenagers are gambling with out realizing the consequences. Most States including Connecticut have created agreements with Indian reservations for self gain. The states are now realizing the negative impact the Indian casino reservations are having on their taxpayers.

Gambling is a silent addiction. Most people can go years with out anyone ever discovering that they gambled. Besides the local Casino’s people can now even gamble online.

With today’s modern technology, if you want to gamble you can so long as you have the resources. Once your resources are depleted and you’re in debt, you will begin to seek help. This is where many states are taking notice due to people claiming bankruptcy, not paying their state taxes, getting caught committing petty crimes and even suicide.

The I Stopped Gambling So Can You website continues to receive alarming emails from friends family and the compulsive gambler. The site was developed to help people associated with compulsive gambling addiction.

The alarming rate in the rise of addicted individuals has caused the states to rethink what they are doing and how to help this segment of the population. The individuals who sought help through various programs now know they are not alone. The unfortunate part is in most cases they are starting all over. If the States would reach out and help these people then the outcomes may be different.

If a person goes into a bar and is apparently drunk, the bartenders are not going to serve this person any alcoholic drinks and may even recommend a cab. At a casino, people use the cash machines until they are unable to take out any more money. People cash checks and even take cash advances from their credit cards, but no one at the casinos is willing to step up to the plate and help these people out.

I have talked with hundreds of people who excessively gambled. These people knew they were addicted and always planned to spend a specific amount of money. After being at the casinos with all the lights, bells and whistles they fell into a trance and no longer had any control.

Once the gambler leaves the casino reality sets in. They now realize they’ve lost a lot of money. They ask themselves: How did this happen? They themselvesthey will never due this again only to repeat the same behavior patterns over and over until they hit bottom and lose everything. These people were spending anywhere from $100.00 to $5,000.00 per week on their addiction. In a majority of these situations they realized they lost everything. Even after filing bankruptcy they still owed a significant amount in back taxes.

The State of Connecticut receives revenues from their two Indian Run Casinos. If a taxpayer wins a Jackpot equal to or greater than $1,200.00 and resides in Connecticut they will be subject to Connecticut State Tax. The Internal Revenue Service lets you deduct your winnings against your losses but not in Connecticut.

The various states are now realizing they created a major problem, but are not willing to discuss it openly. Various news stations have been reporting the negative impact, but due to the revenues generated, no one is willing to step up to the plate and help these people out.

Until the local authorities take action, many lives will continue to be destroyed.

Future articles will address the compulsive gambler, gambling addiction and a search to find a solution to this growing problem.

You may find the following websites helpful:

I Stopped Gambling So Can You

http://www.istoppedgambling.com/

Compulsive Gambling Addiction

[http://www.compulsive-gambling-addiction.org/][http://www.compulsive-gambling-addiction.org/]

Dealing With Gambling Debt

More often than not, those who have gambling problems or an addiction to gambling fall deep into debt. The debt becomes a major problem when it transcends owing money to casinos. Instead, gambling addiction can rack up major credit card debt, loan debt, and even extremities (though not completely unheard of) such as home equity debt. If this sounds like you, whether you own $500 or $5000, there are ways of dealing with the debt that follows the addiction.

Seek Help for the Gambling Addiction

Before you begin dealing with debt, it is imperative you get help for your addiction. It’s been proven in many cases that gambling addicts are less willing to admit their problems than someone with a substance abuse problem. Not only should you get help for yourself, but for the ones who love you; your family and your friends. Take the time to really evaluate your situation, and how it has affected you, your family and the general quality of living surrounding it all.

Cut Off Funding

It could be half to all of your paycheque, a credit card, or maybe you’ve been dipping into your savings. In either case, put a complete halt on any money put towards gambling. Cancelling a credit card is never a good idea, as it worsens your credit situation and lowers your credit score. But in the grand scheme of things, putting a stop to it now rather than racking up another large amount of money is probably for the best.

You Won’t Win Back what you Owe

Statistically speaking, the chances of you winning back what you owe are next to impossible. In fact, you’re only damaging yourself even more by putting yourself further in debt, and deluding yourself into believing something along the lines of “well I’ll win back what I owe, and then some for good measure!”

Seek Treatment

If you find doing your best and trying your hardest toward helping yourself isn’t working at all, you may need to seek a professional. In some cases, your health insurance provider may cover some or all of the treatment necessary to cure the addiction.

Pay Off Your Debt!

When you’ve controlled your addiction, begin focusing on your debt. Recognize this won’t be easy. You’re going to have to work hard, and do everything in your power to get the debt off your back. Write out a list of everyone you owe. You may have overdrafted bank accounts, or past-due credit cards. If you’re in real trouble, you may even owe a bookie or loan shark. In either case, it’s incredibly important to get your debt paid off.

Borrowing money from a loved one or a friend is a huge shot to your ego, even more so that you’ll have to fess up about your addiction and your debt. If they’re willing to help, not only do they trust you and love you enough to help, but they trust and love you enough to support you. Make note of the close friends and family who really help you; if you ever feel the urge to indulge in your former (or current) addiction; talking it out with them might help.

You could also start by selling your valuable assets. While undesirable, it’s even more undesirable to carry a debt on your shoulders, especially a gambling debt. Furniture, electronics, jewellery and even your care can bring in some money to put toward the debt.

Getting a second job could help as well, even short term and part time. Any penny counts when it is as important as a gambling debt.

In the last and extreme case – file for bankruptcy. Gambling debt can be discharged by bankruptcy, though if you incurred the debt under false pretenses, or through fraud, you will not be able to file for bankruptcy.

Australian Betting Sites

There are numerous betting websites sites but only a few are well known and have earned a good reputation. If you are interested in online gambling and you are living in Australia, here are some of the trusted online betting websites to give you an idea.

The first ever licensed online beting site in Australia is International All Sports Limited (IAS). This was established by Mark Read who is considered a Bookmaking legend in 1996. IASbet, which is the website’s name, is licensed by the Northern Territory Government and Queensland Racing in Australia. Thus, this will ensure that the money is safe and the winnings are paid every time.

Another online bookmaking website would be Sportsbet. Sportsbet claims to be Australia’s number one online betting agency and they’ve got numerous promotions to offer to those who will join their website. Sportsbet is owned by Australia’s oldest licensed sports bookmaker which is Matthew Tripp.

In addition to Sportsbet and IASbet, another website that is starting to make waves when it comes to online sports betting is Centrebet. Centrebet is offering sports and horse racing markets. This was first licensed in 1992m and in 1996; Centrebet claims that they were the first licensed bookmaker which offers online betting in the Southern hemisphere.

Among these many online betting websites, IASbet is considered to be the most popular and it truly has garnered a good reputation among the online betting market. Although there are also other good online betting websites, these mentioned websites ensure that the money is secured and winnings are given immediately.