PLAY SLOTS FOR PROFIT, NOT AS A JOB

The legislature in Delaware has just approved a new law expanding the gambling opportunities in that state. It was almost immediately signed into law by the Democratic Governor who is looking at a major hole in the state budgets and needs additional revenue to help fill it. The new law is intended to allow table games, i.e. blackjack, craps and the “King of Casino Games”, to be played at the casinos sited on the state’s three horse racetracks.

As soon as the revenue splits are agreed with the casino operators - the legislature has allowed 75 days for the consultation - the final approval will be given by the legislature. The games should be in play at the racetracks early 2010. The law also helps prop up the horse racing industry which has been feeling the pinch in the current recession. The move is controversial in Maryland because their attempts to collect revenue through exploiting betting on slots will be marginalized. But tax payers in Delaware are giving their full approval. They accept this source of state revenue even though it is, in effect, a tax on gambling which, research shows, tends to have a prejudicial effect on lower income families.

As a state, this is elevating Delaware to one of the leaders in the gaming industry. As it stands, the state is one of the four, i.e. Delaware, Montana, Nevada and Oregon, exempted from federal laws prohibiting sports betting. At a federal level, Barney Frank recently introduced a new Bill which would keep sports betting illegal online in all but the four exempted states. This means Americans can only legally bet on professional sport in one of the four states or by getting on a cruise ship that sails out into international waters off the US coast. Quite why something should be lawful in four states and a few miles offshore, but not at home when someone switches on their computer, is a mystery no-one has been willing to explain. The law is as the law is. Interestingly, New Jersey is challenging the state exemptions on the ground it is unconstitutional to allow sportsbooks in some states and not all states. If this challenge is successful, federal law will change to open the US to betting or force all gamblers out to sea or back into underground betting which, more often than not, is run by organized crime. By comparison, Australia permits all betting where there is an element of skill, and more strictly regulates games which are purely based on luck. The Australians think it takes skill to handicap football games.

So, as it stand, Delaware is set to create gambling honeypots where people can come to the racetrack to bet on the horses, use the sportsbooks and play roulette, craps or blackjack. There are no residence requirements. As with Las Vegas, people can come from anywhere in the US. This despite the mounting evidence that gambling is highly addictive and can seriously damage the health (and wealth) of the families it touches. But, as it stands, Delaware is pushing ahead enthusiastically to enhance its facilities with online roulette and draw all gamblers.

Edward Oakley Thorp is widely regarded, by professional players as well as the general public, as the Father of Card Counting. It was in his book, Beat the Dealer, first published in 1962, that he presented his Ten-Count system, the first powerful winning blackjack system ever made available to the public. There isn’t any card-counting system that is in use today and is not variation of Thorp’s Ten-Count.

When Thorp’s book became a best seller, the Las Vegas casinos attempted to change the standard rules of blackjack, but their customers would not accept the changes and refused to play the new version of the game. So, the Vegas casinos went back to the old rules, but switched from dealing hand-held one-deck games to four-deck shoe games, a change that the players would accept. Unfortunately for the casinos, in 1966 Thorp’s revised second edition of Beat the Dealer was published. This edition presented the High-Low Count, as developed by Julian Braun, a more powerful and practical counting system for attacking these new shoe games.

In 1961, Thorp and C. Shannon jointly invented the first wearable computer, a device that successfully predicted results in roulette. Thorp has an M.A. in Physics and a Ph.D. in mathematics, and has taught mathematics at UCLA, MIT, NMSU, and U.C. Irvine, where he also taught quantitative finance. For many years Ed Thorp wrote a column for the now-defunct Gambling Times magazine. Many of these columns were collected in a book titled The Mathematics of Gambling, published in 1984 by Lyle Stuart.

Distractions

When you’re walking upon the casino’s floor to start your gambling session, holding your perspective is significant. All the miscellaneous things in casino kind of hypnotize a lot of gamblers. Casinos want it. So, you have to stay cool and keep an unclouded mind.

Walk around for five or ten minutes before you sit down to play. Survey in mind your purposes for this session while you perceive the gamblers and the games.

Selecting a table

This is a makeshift decision for gamblers in general. They are choosing the first table they approach, that has a free seat and offers a minimal bet suitable for them. But the decision in selecting the table is an essential element in your chances of becoming a winner in this session.

A good sign is if a players’ majority bets more than the minimum bet. Most players enlarge their bet when they continue to win.

This activity of winning might be produced by a non-random shift. It begets cycles of winning for both sides - the dealer and the players.

Tables you should avoid

Same as you are brought to tables where “the lights of Christmas Tree are blazing”, you should pay attention to avoid the evident losing table at which players are showing few chips, making single-chip bets, and filter a sullen attitude.

Basic Strategy

So, now you’re in the game. Now you’ve got to make a settlement on each of blackjack hands: split pairs, hit, double down, stand, or take insurance if the dealer demonstrates an ace.

These settlements are making online blackjack one of the most popular and thrilling table games in online casinos. They also give the players a certain control over what comes out of heir hands.

There exists a mathematically accurate way of making each of these settlements. Its name is Basic Strategy.

With this strategy you can become a serious player. It’s actually a card counter’s strategy. You’ll have to pay attention to the cards on the table and their low and high quantity.

So, in general, before starting to play in casino, don’t get distracted by such things as lights or beautiful women. Pay attention to everything, especially to your game session.

This last few months has seen all the prices of basic necessities rise. As jobs have come under pressure, the purchasing power of the average household has dropped. Nowhere has the family budget come under greater pressure than with health insurance. All too often, the premiums have been raised (again). This forces yet another tense discussion. Decisions to delay diagnosis and treatment until the sickness can be classed as an emergency and justify a hospital visit. If people are to stay insured, they must accept the best terms they can afford. Fortunately, online sites such as this allow people to get comparative information from multiple health insurance companies. Making the choice from the maximum possible number of quotes gives the best chance of savings. So how should you approach this task? 1. Before you start, write down a list of all the features you would like to see in your ideal policy. 2. Always compare quotes on like-for-like policies. If you use several sites to get the maximum spread of quotes, keep notes to ensure you use the same basic set of information about the policy you are seeking, the level of deductibles accepted, and so on. 3. Never make a decision purely on the premium quoted. Although this is the headline you see first, the devil is in the detail of each policy. You have to be determined and read through all the terms (even the small print). It’s vital that you get a clear picture of what is included and excluded, and see what conditions you have to fulfil to make a claim. Even more important is whether you have a right to renew the policy if you make a claim or you are found to have a disorder or disease that is going to be expensive to treat. There is nothing more devastating than to be diagnosed with a chronic illness and then find your insurance premium hiked up to unaffordable levels or renewal declined. 4. If there is anything you do not understand, ask an agent. Before you accept a quote, insurance companies are helpful and explain things. If you delay asking until you make a claim, this only leads to disappointment and dispute.

Online shopping is accessible round the clock 24 hours a day, seven days a week. You can buy whatever you want even at 4 a.m. in the morning. The main advantage of online shopping is that it allows people to browse through many items and categories without leaving their houses. Also they can compare the prices of as many shops as they want, and to order as many items as they can afford without having to worry about shipping or transporting the items, because the online shopping websites also deliver the things to the buyer’s home. Online you can choose a wide variety of things available for you to shop which may not be available in the local brick and mortar stores.

Online shopping is a convenience resulting from modern technology. It could be a hassle, however, if you are dealing with some unknown commercial establishments. At Amazon.com, however, you can be guaranteed of pleasurable online shopping experience - from the time you order until the goods are delivered right on your doorstep. Whatever your needs, you can find it at My Virtual Website Store, an online store that caters only to Amazon products - from apparel and accessories to kitchen and housewares, from computers and video games to tools and hardwares.

When life is going along well, there are rarely temptations. You have everything under control and there’s no need to cut corners. But as the household budget comes under pressure, you have to keep the cost of essentials like cheap auto insurance under control. No-one wants to risk driving out on the public roads without insurance. Cars are essential to most households.

You don’t want to be put in the situation of having to choose between food and insuring the car. Yet, if you have picked up a traffic ticket, there’s a temptation not to pass the news on to your insurer. You’re almost certain the result will be a premium increase, particularly if it was a moving offense - insurers tend to think people who drive too fast or without paying proper attention to the rules of the road are more likely to get into accidents. So what are the issues? Most auto insurance companies treat the ticket as “important” for between three and five years, and raise your premium. The amount of the increase will depend on the offense. A speeding ticket where you were only a few miles per hour over the limit will not have a big effect.

That keeps the premiums affordable. But, as and when the company finds out, your auto insurance policy will be cancelled. Your failure to disclose facts that were material to assessing the risks and setting the premiums can, if deliberate, be treated as fraud and you could find yourself the subject of prosecution or civil suit. Worse, no other insurance company will then insure you. It’s not that honesty is the best policy. It’s the only way you can get and keep a policy in place.

But if you were driving under the influence of drink or drugs, the effect will be significant. For starters, in many states, you will be caught up in the SR-22 scene. This is a certificate issued by your insurance company to your state’s Department of Motor Vehicles. It certifies that, even though you are a “problem driver”, you’re carrying the minimum liability covered required by your state. Except that many insurers are unhappy if you have a drink driving or DUI conviction and either refuse cover or charge a deterrent premium. That means getting the SR-22 can be expensive. So you’re tempted to keep quiet and hope your insurer will not notice the ticket(s).

InternationalResorts.com opened in Atlantic City, the first legal East Coast casino in the twentieth century. Their four- and six-deck blackjack games offered a new form of surrender, dubbed by card counters as “early surrender,” since the casino allowed players to surrender half a bet even when the dealer showed an ace or 10 up, and before the dealer checked for a blackjack. And, ironically, Resorts International was soon the most profitable casino in history, winning an average of $650,000 per day.

A team of professional blackjack players whose founders were from Czechoslovakia that had been playing in Las Vegas flew all of their members to Atlantic City to take advantage of this new surrender rule. This team, which later became known in the casino industry as simply the Czech Team, found the Resorts’ game to their liking and stayed for months.

A New Jersey college student named Tommy Hyland, who had just turned twenty-one, started going to Atlantic City in 1978 when he heard about the favorable black-jack game at Resorts. Within a year, he had organized about twenty of his college and golfing buddies into a team of blackjack players. Hyland’s team continues to this day as one of the most successful casino gambling operations in history.

Many believe these teams owe their existence to the Resorts’ game with its early surrender rule that made the game so easy to beat. College kids found that they could pool their money, play blackjack with a modicum of intelligence, and get rich quick.

In fact, it was a combination of that easy-to-beat early surrender game and Ken Uston’s The Big Player that had just been published in 1977 that worked together to create an environment where new teams of smart young kids could make millions playing blackjack.

So I got me a little snifter here. Jack’s been working his way through some freebies - a new supplier’s trying to break into supplying the casino. Reckons he needs to make sure all the right people get their taste of the good stuff and we’re both of us out to oblige him. Damn, but some of this stuff is good! Makes me wanna give up the poker and the slot machines, and settle down with a bottle or two to enjoy my retirement. Anyways, the young fellah just called. Caught me in a mellow mood for once. He thinks - well, we can suspend judgement on that for so long as he keeps paying me - he thinks I should explain myself. In one piece I’m saying there’s, “a proper mathematical playing strategy for video poker.” In the next, I’m saying there’s a gambler’s fallacy and you can’t predict the cards. He thinks they doesn’t fit right together. So here’s a few words to make it all crystal. Did you ever see Ocean’s 11 - don’t matter whether it was the original Rat Pack version or the new ones with George Clooney and his pals? Did you notice how they always robbed the casinos. There was never a hint of walking through the door with a system for winning at the tables or on the slot machines. Hollywood got it right for once. The only way you guarantee a big score at a casino is as a thief - and you’ve to be lucky to enjoy your “takings” and avoid the hail of bullets if you get caught by wrong people. Look around online. You’ll see a small army of people touting their systems for beating all casino games with a house advantage. Play slot machines, win big. Win at blackjack without counting. When I was growing up, my mother used to play 78s all the time. She loved the musicals of the 1920s. She’d never been on the chorus line, but she’d a hankering for it. Her parents disapproved of theatrical folk and that was an end of that. Anyways, one of my favorites was Banana Oil - kinda like snake oil but always applied to lounge-lizard lines. “When he tells you, ‘I adore you,’ that’s banana oil.” In other words, everything he said to get his mark into bed was bullshit. Well, the same goes for all these salesmen pushing betting systems for slot machines. They’re trying to scam you outa your money. Take it from me. There ain’t no system around that even dents the House edge on games where the probabilities are set in the House’s favor. Math is math. Mind you. It’s not my money - you wanna fool yourself you can shade the odds in your favor on video poker, then feel free. So, how do these systems work? You’re supposed to base your bets on the most recent outcomes. Take roulette as an example. Wait for a run of blacks, then bet on red - the longer the run, the bigger the bets on red. If you see a pattern emerging, you’re supposed to think that the probabilities of the game itself have changed. When I worked for casinos, we always nodded wisely when someone cautiously asked if they could play a system. Another little chicken ripe for the plucking. My father was counting deaths by the million over decades for the life companies. Probabilities and statistics only make sense in the long view. Short-term, you’ll find anomalies in all slot machines but, over time, the basic patterns are set in stone and in the House’s favor. You’ll see lucky streaks that look like they’re never going to end. But, so long as the House keeps its nerve, the winner will lose it all back again. It’s the same with the so-called systems. They aim to build up the small wins to offset the big losses. If you’ve the bankroll, you can often win over a session. But you’re obsessional kind, ain’t ya? You’ve invested that money in a system. You’re not going to quit while you’re ahead, are you? Which means that any small winnings you picked up on the good days will all get given back to the casinos on the bad days. It’s just the way the House edge works. Like I say, you can’t beat the math. Which leaves me with my strategy, which I’ll get back to when I’m good and ready.

Jack and me were shooting the breeze at the bar when the young fellah called. He asked how big a bankroll someone’d need to turn video poker professional. Laugh? I coulda died. If ever anyone was begging to be called a girlie man - Schwarzenegger was right on the money with that - he’s the one. Him a gambler? The very idea of him losing a quarter in slot machines would give him gas. But I guess he’s got a right to ask for you - not that I’m inspired with confidence looking round at you. You’re just playing the pro game in your heads when you read these articles. Ain’t nothing gonna come of it. Anyways, let’s keep the dream going a while longer. That Mr. Ferguson fellah calculates you’d need $10,000 if you wanna turn pro and play the quarter poker machines. Multiply that by four if ya wanna play the dollar machines. But I reckon that’s a tad optimistic. I’ve seen people burn that and never hit a jackpot. The Math God don’t care nothing for you. If you hit a run of cold machines, ain’t nothing you can do ‘cept play through the patch until you come out the other side. Jack could loan me a pen and we’d do the best math you ever seen on the back of these here fancy coasters. You’ve got the proper video poker strategy nailed. All the most probable outcomes are in play. That kinda calculation would make Mr. Ferguson’s number look a smart bet. But ya gotta ask yourself, what kinda assumptions are we making? Are we assuming you’ve got an infinite amount of cash - that you’re gonna play video poker until all the probabilities work out like the book says they should? And you’ve never gotta take a restroom break or sleep some? You can keep playing until you’re on the right side? And then how we gonna exclude the chance that some other player’s gonna hit the jackpot? Don’t matter whether you’re playing a flat top or a progressive. If it’s a flat top, ya take a break and the next player on “your” video poker machine takes the pot. Playing the progressive, that jackpot can always go somewhere else no matter how fast and well ya play. So how much’re ya gonna drop before ya give up? Ten grand might be enough to give ya that cushion. But ya might need the kinda eye-poppin’ wad some whale tosses on the table like it’s loose change before ya break even. Are you ready to lose all that? And don’t you never forget. Once you’re tapped out, you’re outa the video poker game until you get the front money together again. Still reading, are ya? Jack here’s got an expression like he’s sucking on a lemon. He thinks I’m being too hard on ya all. I should make like an angel now I’ve crossed over to your side of the casino. OK. So think of this like video poker boot camp. I’m the ex-marine gonna kick ya round and give ya the tough love ya been missing all these years. You’ll be all the better for it. Well, that’s me done again. Catch ya ’round.