George Ledy is a fascinating character. I read a few interviews with him and really found him to be a very smart individual. Dice Man defended his unskillful nickname by telling the story of how he came up with the nickname.
Ledy was born in Texas in 1904 and as a little boy he got a lot of baseball tickets. The lotto tickets were cheap and he used to put his money on bets. The nickname behaours was given to him because of the look on his face when he predicted a baseball match. The best player he ever saw was Ty Cobb. On the field, Ledy would sprint like a Bengal Tiger and if somebody called his name, Ledy had a Tiger’s eye. He could also identify the value of a stock quickly and he could tell whether a stock was going to increase or decrease.
But, Ledy was a good stock market trader and he decided to use his skills to help people who were struggling to make some money at the stock market. He started advising them on stock trading and by the ’70s…People were coming to him asking for advice.
He advised them on how to invest their money in different industries and what strategies to adopt. His stock trading techniques were all geared towards what the market did and not the activity of the market. His Techniques to Make Money in Today’s Stock Market can be personally tried out at home by getting his hands on the membership.
Ledy received his first fortune as a result of a very unpleasant accident. An explosion occurred at his nickel mine and the blast severely injured his right hand. He had to spend a lot of time and get used to using his right hand. After that, he got married, had children and lived a “non- intelligently” life. After he became interested in stock trading, he started to specialize and in 1978, produced a book on stock trading called “Sgp 2022” – Inside the Mind of a Stock Dealer. The book was a bestseller.
In this book, Ledy revealed many of the tricks used by professional gamblers. He didn’t feel it necessary to get everyone’s attention and he worried too that some people might be watching him to see if he was really a stock mogul. He was watching others, however, and he began to perfect a strategy that would take the edge off the market and make it impossible for amateur gamblers to use.
Ledy began to have a team of stockgamblers, called the Looseites, who would bet heavily during major sporting events. During this time period, the team, working in teams, had spectacular results. They would lose big during times of success and win big during times of failure. During the “ENTS conference”, a huge gambling conference being held every year in Las Vegas, Ledy bet about a game between the New York Yankees and the Kansas City Royals. The bet was so huge that if the Yankees won the game, he would have a fortune. The Royals won by a score of about 13-1. Ledy lost about $1.2 million, but still gained a lot of money.
During the 1974 season, the Los Angeles Lakers won the NBA title and Ledy bet very heavily on the NBA finals. He won about $1.7 million on the Lakers, but lost it all on the 1974 NBA finals.
Ledy is still a gambler. In fact, he has made it his life’s work to become a professional gambler. He said that the best advice he had for people looking to make money betting was to do it “the right way”. He personally advised people to come up with a strategy where they could use a computer and a database to find high percentage winners. He said such a strategy could provide the bettor with a better edge and greatly improve your chances of winning.
Ledy believes that people can win about 28% of the time. This means that people betting the wrong way can win as much as 60% of the time.