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Topic:
Meet the man who won over 15 million playing blackjack. [Locked] |
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
http://www.theatlantic.com/magazine/archive/2012/04/the-man-who-broke-atlantic-city/8900/
BLACKJACK PLAYER TAKES TROPICANA
FOR NEARLY $6 MILLION,
SINGLE-HANDEDLY RUINS CASINO’S MONTH
But the story was even bigger than that. Johnson’s assault on the Tropicana was merely the latest in a series of blitzes he’d made on Atlantic City’s gambling establishments. In the four previous months, he’d taken $5 million from the Borgata casino and another $4 million from Caesars. Caesars had cut him off, he says, and then effectively banned him from its casinos worldwide.
Fifteen million dollars in winnings from three different casinos? Nobody gets that lucky. How did he do it?
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We have not inherited the Earth from our parents, we have borrowed it from our children.
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
How can they ban him without proving he cheated? What a bunch of asshole scumbags.
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Eat the rich.
pho is pronounced closer to fuh than foe. as in fuhk you.-Yuki
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Tych2  Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
Private company?
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We have enough youth. What we need is a fountain of smart.
Drill Anwar!
Kapie
Drevid in Tanks
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Afio  Title: Belle of the Bull
Posts: 748
Registered: 2002-3-19 16:18:03
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
No one is that lucky.
I have seen some crazy black jack players.
I was all thrilled when I won around $400.00.
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I'm not old, I'm crunchy.
IMHO: "  ou know your poop,Lyndrek"
"Unless you try to do something beyond what you have already mastered, you will never grow." - Ronald E. Osborn
I stole the above from Bonk's facebook, thanks. |
Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
Card counting in the proper rulesets of Blackjack can definitely make you money.
Not me -- but people who can count, paired with the right size shoe, paired with the right double/payoff rules, paired with proper betting strategy.
We've discussed it here before. Blackjack is one of the few games that remain where you can really take the casino to town, or play a containment game where you are virtually guaranteed to never lose money so long as you don't over-bet your properly deep stack.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
PhillsburyBandit posted:
How can they ban him without proving he cheated? What a bunch of asshole scumbags.
I'm not even a card player and I've LONG known casinos can ban any gambler they want to.
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Tych2 Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
He probably has an eidetic memory.
-----signature-----
We have enough youth. What we need is a fountain of smart.
Drill Anwar!
Kapie
Drevid in Tanks
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
The article says that it was shown that he wasn't cheating in any way.
He's been in the industry for several decades, both as an employee of gambling establishments, as well as a regulator. He basically negotiated with the casino, who was trying to entice him to play, getting a significant loss discount of 20% (so if he lost 500k, he's only pay 400k) as well as other changes to reduce the house advantage. At the end of the article it says he had basically negotiated with the senior managers of the casinos to effectively give himself slightly worse than 50-50 odds.
He's also very good at knowning which cards to play, as well as doing the math.
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We have not inherited the Earth from our parents, we have borrowed it from our children.
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Afio Title: Belle of the Bull
Posts: 748
Registered: 2002-3-19 16:18:03
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
This is way out of my league
"The house’s hand showed an upturned five. Arrayed on the table before him were the four eights. He was allowed to double down—to double his bet—on any hand, so when he was dealt a three on the first of his hands, he doubled his bet on that one, to $200,000. When his second hand was dealt a two, he doubled down on that, too. When he was dealt a three and a two on the next two hands, he says, he doubled down on those, for a total wager of $800,000."
-----signature-----
I'm not old, I'm crunchy.
IMHO: " ou know your poop,Lyndrek"
"Unless you try to do something beyond what you have already mastered, you will never grow." - Ronald E. Osborn
I stole the above from Bonk's facebook, thanks. |
Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
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Date Posted:
1/1/00 12:00am
Subject:
Meet the man who won over 15 million playing blackjack. |
So, what I always wondered was if counting cards mentally (as in, with no other devices or the like other than your own ability to remember things) was actually cheating that can get you fined or prosecuted or if it is just the sort of thing that a casino can ban you for.
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If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
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