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How 'Advantage Players' Game the Casinos

nytimes.com

11–20 of 134 posts

Re: How 'Advantage Players' Game the Casinos

#11
post #5

Personally I love the fact that people try to beat the house. And to play devil's advocate for a second, the fact that consistently winning is even possible should just drive more business.

People try to find loopholes and workarounds in everything, it's human nature. Ask any pentester.

Re: How 'Advantage Players' Game the Casinos

#12

> “We killed most of the cards-based craps games, including one at Agua Caliente casino near Palm Springs. That’s where we won $335,000 I grew up a few miles east of this casino, I wondered where craps went when I ended up there during a bachelor party.

I don't understand what "cards-based craps" is. I'm only familiar with the dice kind.

Re: How 'Advantage Players' Game the Casinos

#13

> “We killed most of the cards-based craps games, including one at Agua Caliente casino near Palm Springs. That’s where we won $335,000 I grew up a few miles east of this casino, I wondered where craps went when I ended up there during a bachelor party.

I don't understand what "cards-based craps" is. I'm only familiar with the dice kind.

It's explained pretty exhaustively in this article.

Re: How 'Advantage Players' Game the Casinos

#14
post #5

Personally I love the fact that people try to beat the house. And to play devil's advocate for a second, the fact that consistently winning is even possible should just drive more business.

Well, 'consistently winning' may be a stretch. In these cases, advantage players have a small edge, but the chances of winning or losing any given hand in blackjack is still pretty close to a coin flip. You may win or lose big in any given session/day/week, etc. Given enough time and effort, they will eventually win, if they don't run out of money first. It is possible to do this, but not without gambling a lot more than almost anyone is willing to do. It's hard work.

Having said that, the perception that it's possible probably helps to drive more business.

Re: How 'Advantage Players' Game the Casinos

#15
post #5

Personally I love the fact that people try to beat the house. And to play devil's advocate for a second, the fact that consistently winning is even possible should just drive more business.

I feel that the idea, that consistently winning is possible, is partially a myth, but it persists among casino regulars. I know people who do this or have in the past, and the big problem is eventually getting banned from various casinos. It seems rather one-sided to me, but legally they're allowed to ban people for consistently winning.

Yes, getting banned is the other obstacle. Any casino won't take long to ban anyone clearly playing with an advantage. This makes it even harder to do for the long haul, which is what you need to take advantage of the edge.

Re: How 'Advantage Players' Game the Casinos

#16

Casino (and gambling in general) benefit from the perception that they can be beaten. It's why they sell card counting books in the gift shops. While they'll shut down anything like card based craps that advantage players can just clean up on, they're generally perfectly fine with professional gamblers who work their asses off to get a slight advantage.

This is not true. They will back you off if they detect you are playing with an advantage and betting any reasonable amount. It won't take long and they are good at figuring it out, if you as a player are maximizing the edge.

Re: How 'Advantage Players' Game the Casinos

#17
post #10

Casino (and gambling in general) benefit from the perception that they can be beaten. It's why they sell card counting books in the gift shops. While they'll shut down anything like card based craps that advantage players can just clean up on, they're generally perfectly fine with professional gamblers who work their asses off to get a slight advantage.

They will toss you out on your ass for any systemic card counting that actually works, especially the newer blinded player methods.

I'm just generally curious, you seem to know about this area. What are the new "blinded player methods"? I googled that phrase but didn't come up with anything.

Re: How 'Advantage Players' Game the Casinos

#18
post #10

Casino (and gambling in general) benefit from the perception that they can be beaten. It's why they sell card counting books in the gift shops. While they'll shut down anything like card based craps that advantage players can just clean up on, they're generally perfectly fine with professional gamblers who work their asses off to get a slight advantage.

They will toss you out on your ass for any systemic card counting that actually works, especially the newer blinded player methods.

What are the "newer blinded player methods"? Google only finds your comment.

Re: How 'Advantage Players' Game the Casinos

#19

> “We killed most of the cards-based craps games, including one at Agua Caliente casino near Palm Springs. That’s where we won $335,000 I grew up a few miles east of this casino, I wondered where craps went when I ended up there during a bachelor party.

I don't understand what "cards-based craps" is. I'm only familiar with the dice kind.

Take 12 cards, 2 sets of 1 through 6. Shuffle and deal one from each set to the player. This is identical to rolling the dice.

Re: How 'Advantage Players' Game the Casinos

#20
post #2

> But when Sun was arrested in 2007 for a $93,000 gambling debt owed to MGM, she vowed revenge What? How is that legal?

Under Nevada law, "markers" - the instrument one signs to draw against a casino credit line - are considered checks. They even imprint your checking account information on them. About a month after your trip, the casino will send you a bill for all outstanding markers. If you fail to pay it, they simply deposit the markers you signed into their bank (remember, they have your checking account information imprinted on them). If they bounce, they are treated and prosecuted as if you had simply written a bad check.

Unsurprisingly, this is fraught with conflicts of interest, made worse by the fact that Nevada law entitles the DA's office to a percentage of anything it collects on behalf of the casinos. They are effectively a debt collector that can throw you in jail.

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