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Gambling with an Edge radio show, starring Bob Dancer and Michael 7/19/​ β€” Our guest is "Hollywood" Dave Stann, author of Hollywood Blackjack.


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How to Reduce the House Edge in Blackjack – Betsson
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Gambling With an Edge - guest T Dane

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Listen to Gambling With An Edge with one hundred episodes, free! No signup or install needed. Gambling With an Edge - guest T Dane. Gambling With an Edge.


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Gambling With an Edge - blackjack player Lone Wolf

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Gambling with an Edge radio show, starring Bob Dancer and Michael 7/19/​ β€” Our guest is "Hollywood" Dave Stann, author of Hollywood Blackjack.


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Gambling With an Edge - guests Tommy Hyland and John Chang

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As with all casino games, blackjack incorporates a "house edge", a statistical advantage for the.


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Gambling With an Edge - Inside The Edge

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Gambling With an Edge - guest Surveillance Operator, Jackson. Our guest this week is a surveillance operator named Jackson. "Jackson," is also an AP blackjack.


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Gambling With an Edge - Learning to Count Cards

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As with all casino games, blackjack incorporates a "house edge", a statistical advantage for the.


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Gambling With an Edge - guest Don Schlesinger author of Blackjack Attack

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In blackjack the house edge is the statistical advantage the casino has over the player. At any blackjack table the dealer is the casino representative. By acting.


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Gambling With an Edge - card counter Joe

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Gambling with an Edge radio show, starring Bob Dancer and Michael 7/19/​ β€” Our guest is "Hollywood" Dave Stann, author of Hollywood Blackjack.


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Gambling with an Edge radio show, starring Bob Dancer and Michael 7/19/​ β€” Our guest is "Hollywood" Dave Stann, author of Hollywood Blackjack.


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Gambling With an Edge - blackjack player Spencer Robinson

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Gambling With an Edge - blackjack player, \

An observant dealer, a man who appeared to be in his early 30s, discerned something fishy. Getting away, on the other hand, would give him an opportunity to come back on some future day and perhaps go unnoticed. Down below on the gaming floor, ringed by wall-mounted TV monitors silently showing a sporting event, slot machines chirped and crowded blackjack tables buzzed with action. When Grosjean first reconnoitered the game, he saw that the 12 playing cards used to simulate a pair of craps dice were being shuffled by a machine designed to speed up play and randomize the order of the cards. Her father, now deceased, was a wealthy factory owner based in Hong Kong. Tens and picture-cards count as zero; aces count as 1. She claims to be unbothered by having blown a fortune in gambling dens around the world. In fact, she all but brags about her losses. Their scheme, their play against the casino, was perhaps too complicated to pull off, Grosjean would later concede. The motions were signals to Munchkin: With a split-second glance, he gained the statistically significant advantage of knowing numbers likely to be excluded. Several factors are responsible. Only two questions seemed to temper his confidence in taking on this particular game. Grosjean was frustrated. After all, Little Joe was bleeding money. Following all the tumult, the table was being watched and somebody figured out what was going on. Sun had no such intention. But Grosjean knew that shuffling machines are computer driven and therefore only as good as they are programmed and used: Sometimes, in fact, the devices are surprisingly predictable. A gambler might bet, for example, that the sum of the first two cards in play will total 7 or If the sum equals 2, 3 or 12, he loses. Grosjean passed an escalator and headed down a back staircase. Over the course of the game, players can wager on other combinations, like two 5s turned over which pays out 7 to 1. Whichever side gets closer to 9 is the winner. It is a way to make the game feel like craps without dice directly producing a monetary outcome. A player rolls a giant numbered cube, apparently made from plastic foam. He learned as much when he spent the next two days gambling on his own. His son thought I had hit him, and the son jumped on my back. Dealers on the table clearly knew him β€” he had been establishing his presence here for the past week, getting used to the game and figuring out its subtleties β€” and they good-naturedly commiserated with him over his propensity for losing. Such proposition, or prop, bets favor the casino. Upon her release, Sun visited several Las Vegas casino gift shops and bought souvenir decks of playing cards. An older civilian accidentally got in the middle of it. Grosjean had explained earlier the reason for this quirk: The Grand happens to be located in a jurisdiction where it is illegal for dice to determine financial outcomes in games of chance. His findings would give him a significant edge playing the card-based craps game in Shawnee. Many casino executives despise gamblers like Grosjean. After every two-card set is turned over, the cards were machine-shuffled before the next roll. In the near distance stood a sign for a local casino, the Palms, where he has been shown the door more than once. They look identical to those used at the gaming tables but have holes punched through their centers to prevent cheaters from slipping a souvenir ace of spades, say, into a poker game. It would be equivalent to gambling at standard craps with dice and knowing which three dice faces β€” out of 12 possible β€” would have a reduced probability of coming up on any roll. If that happens, the security guard could also read him the trespass act, meaning Grosjean would risk arrest if he tried to return. Elite Western gamblers and rattled casino bosses know her as Kelly, a fast-talking, sunglasses-wearing advantage player in her 40s. His signaling had not been perfected yet β€” some gestures were being missed. Grosjean has a blog called Beyond Numbers, for example. She scrutinized the backs of the cards. That, combined with a bit of bad luck, had put Munchkin into a difficult situation. She spent around a thousand hours, over four years, training herself to recognize the minute variations on particular cards. As I walked beside him, I tried to appear casual, with the tail of my untucked shirt covering the notepad in the back pocket of my slacks. Elbows were thrown and there was a lot of jostling around the table. Sun wore a neon green approximation of a tennis dress. Cumulatively, they rake in large profits from games that were designed to be unbeatable: While some bettors might get lucky and win in the short run, over time they are supposed to lose and the casinos are expected to win, statistically speaking. If a total of 7 comes first, he loses. He sipped from a venti-size container of coffee and typed rapidly on his laptop computer. Grosjean discovered that he could see the identity and order of at least three cards entering the machine, the bottom one held by the dealer and the two that were exposed during game play. Two regular gamblers, whom Grosjean had noticed on numerous occasions in Shawnee, watched in slack-jawed surprise: Patrons rarely played for such large sums there. Slowly, as the night grinded on, some of the high-returning prop bets started to pay off. That is usually illegal, the sort of thing that can result in jail time. To begin, four cards are dealt face down onto the table. The cube determines which cards are turned over. Illustration by Sarah Illenberger. Armed with that knowledge, he spent several months simulating the game in software; his computer mimicked the shuffling algorithm and played the game millions of times. Yet what he does is entirely legal. Whiting acknowledges that they do not deserve to be arrested. After that, standard rules apply. How much money would they be able to win? Mini-baccarat is played with eight decks of cards. Whiting estimates the number of successful advantage players to be in the hundreds. That was true in Shawnee. Sun figured out how she could leverage these differences that were almost imperceptible and acceptable by industry standards. I decided that one day I would get back the money by playing at MGM properties. If the sum exceeds 9, then only the second digit is recognized for example, a 9 and 6 add up to 15 but count as 5.{/INSERTKEYS}{/PARAGRAPH} So if security was waiting for him at the bottom, Grosjean needed to be able to run back up in the opposite direction with the hope of avoiding a confrontation. When they came up, Munchkin shot a fist in the air and shouted. Being run out of casinos is an occupational hazard for Grosjean, a professional gambler who majored in applied math at Harvard and briefly considered careers on Wall Street and in academia. The opportunity was in Shawnee, Okla. I view it all as preventable loss. Patrons never touch the cards. In recent years, however, Whiting says the ranks of advantage players have swelled. To experienced surveillance people, he is a known advantage player; at any time he could be spotted, matched to his picture in a database of such players and asked to leave a casino. Her name was Cheung Yin Sun. Because he has examined these shuffling machines and knows how they work, he could reliably judge the likelihood that certain cards would be excluded from play. Grosjean specializes in finding vulnerable games like the one in Shawnee. After each round, the dealer there swept up the cards and put them in the shuffler without mixing them by hand. I know people who clock roulette wheels and others who can control a single die at craps. How long would they be allowed to play before being asked to leave? Maybe he had noticed the discreet glances at Grosjean. Munchkin, whose real first name is Richard, chose his professional surname because of the fact that he stands slightly taller than five feet. {PARAGRAPH}{INSERTKEYS}Instead, they hone the sharpest legal edge they can. He uses his programming skills to divine the odds in various situations and then develops strategies for exploiting them. Two sets of six playing cards, numbered one through six, one set with red backs, the other with blue backs, serve as de facto dice. Play resumed. One is the ease with which gamblers can find each other online and share tactics. Still, he kept feeding Munchkin information about the cards. Before the cards are dealt, gamblers bet on banker or player or a tie. Play had been temporarily halted to accommodate another recent arrival at the felt-covered table β€” Richard Munchkin. Some had crisscrossing patterns that went right to all four edges. The thrill was feigned. By Michael Kaplan. They accuse him of cheating. And because regulated casino gambling now takes place in at least 40 states, casinos compete for customers in part by introducing new games, some of which turn out to be vulnerable. Munchkin was less than friendly, tipped modestly, demanded a lot of service. Glances were exchanged among employees running the game, but no one else seemed to take the claim very seriously β€” nor did they realize that something potentially more profitable and innovative than card counting was going on.