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London Trader Lawrie Inman Born to Gamble
City trader, racehorse owner and recreational poker player Lawrie Inman has gambling in his blood.
Inman’s grandfather was a bookmaker. His father was a bookmaker. And he grew up exposed to the world of horse racing from a young age.
Now, barely older than 30, Inman is making seven figures trading futures, owns nine horses and travels to places like Monte Carlo to play poker against the best players in the world.
“I’m wired a bit different to other people, I don’t know. I choked myself for two minutes when I was born so maybe it was the lack of oxygen,” Inman told PokerListings.com at the EPT Grand Final.
Inman’s first experience with poker came by way of friends at the age of 14. As he got older his interest in poker continued to grow.
Making His Mark as a City Trader
During summer breaks from university Inman was working at a bookmakers which also dealt with poker, and he ended up working a six-month stint in customer service at the online poker room Pacific Poker.
Originally from Camberly, Surrey, Inman graduated from Swansea University in Wales in 2002 and moved to London to trade full time.
He was so successful Trader Monthly named him one of its “30 Under 30” in 2006.
A large part of that nod was thanks to a single transaction that made Inman roughly £700,000 in a single hour. Inman was watching a speech by European Central Bank president Jean-Claude Trichet on television and made a big bet on the future of the five-year German government bond known as the Bobl.
Poker is still a recreational pursuit for Inman, but the skills he’s honed in the financial world have stood him in good stead at events like the €10,000 PokerStars EPT Grand Final.
“In trading you’re constantly being given information. Some of that information is maths and probability and some of it is psychology because the markets are basically humans acting a certain way,” said Inman.
But the similarities don’t stop there.
Skills in Trading Pay Dividends in Poker
“It’s so similar because I can sit at my desk for two weeks and be doing all the right things, and just be losing money,” he said.
“Sometimes I’ll be sat at my desk at the end of the day, thinking I’ve done all the right things and made all the right moves, but I just feel like someone’s kicked me in the knackers, so it’s a lot like poker,” continued Inman.
Inman finished 53rd out of 665 players in Monte Carlo, good for a payday of €20,000. He adds that to a record that includes a final-table bubble at the £2,500 Six-Max event at the 2010 WSOP Europe, and a string of solid results at other events around the UK.
But it seems like Inman is a born multi-tasker. He said that trading takes up 90 per cent of his time, but it’s still left him enough energy to play poker and manage his horses.
With three fillies and a male horse at stud in France Inman is looking forward to expanding his business to include breeding.
“I actually have a horse running tonight at Doncaster so I’ll be trying to keep an eye on that and play this at the same time,” he said while on a break from the main event.