Royal FlushBeginning writers often believe a traditional publishing deal is the royal flush of writing success. Those who’ve played the publishing game for a while realize that a traditional publishing deal doesn’t guarantee a winning hand, that there’s more on the table than just a good book. Still, they stack up their chips, hoping their book is the one that gets the big promotional jackpot, or at least, breaks out to defy the gods of publishing who relegated it to the mid-list horde of wannabe bestsellers.

In this intriguing blog, former publisher turned consultant Chris McVeigh suggests the traditional publishing model is broken. He relates it to a time in Vegas when he was losing badly at blackjack and a sympathetic dealer whispered, “scared money never wins” and how publishers today are running scared.

Join us for #LitChat MediaMonday when we discuss “Scared Money Never Wins,” by Chris McVeigh. Follow #LitChat on Twitter at 4 p.m. E.D.T., or login directly to our dedicated channel at www.nurph.com/litchat.

Later This Week in #LitChat

The Orphans of Race PointPatry Francis joins us as guest host of #LitChat on Wednesday, July 2, 2014 at 4 p.m. E.D.T. Patry is the author The Orphans of Race Point, as well as The Liar’s Diary.

Follow Patry Francis in Twitter: @PatryF.