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Coronavirus III: Eyes Wide Shut

Fifteen years ago, when most of the AP discussion was consolidated on Stanford Wong’s Green Chip page, there was a recurring conjecture, posed by naïvely optimistic card counters: When a butterfly flaps its wings in China, penetration increases in Vegas. For example, one person would make a post saying that the US had just signed a treaty banning military research on biological weapons, and the next poster would say, “So penetration is going to increase!” The Rube Goldbergian logic would go something like this: If we ban bio research in the US, the virus labs will move to foreign countries, especially China; without proper ethical and safety regulations, a virus will escape a Chinese lab; the ensuing worldwide pandemic will shut down casinos throughout the US; after two months without revenue, the US casinos will be desperate for cash when they re-open; to entice Americans to travel to the petri dish that is the Strip, Vegas will have to offer something that locals casinos throughout the US cannot; previously, Vegas casinos would offer fabulous shows, nightclubs, restaurants, roller coasters, strippers, and delirious nights spent shoulder-to-shoulder at the crap table with other like-minded tourists; with social-distancing guidelines shutting down nightclubs, spas, restaurants, and debauchery, Vegas will have to find some other way to make the game attractive; ergo, they’ll increase the penetration!

You had me till “ergo”! The conjecture requires three assumptions: that casino executives know what penetration is, that gamblers care what penetration is, and that casinos will compete with each other using penetration. In my decades as a pro, I still haven’t figured out which of those three assumptions is the most ridiculous. For a few inexperienced players to share their daydreams online was less annoying than the silence of the experienced majority. By failing to call out misinformation online, knowledgeable players allow idiocy to fester online. Of course, sometimes that is our goal.

Continue reading Coronavirus III: Eyes Wide Shut
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Are Women the Dutch Book?

Last week, as part of the celebration for International Women’s Day (March 8), a statue of a defiant girl staring down the Wall Street bull appeared. Count me among those who love the statue and hope it will stay. It is no secret that women are under-represented in many fields, including the AP world, as I discussed in an earlier post. Some APs have floated the idea that if the casino’s old-boy network underestimates the skills of women, women might actually have a strategic advantage relative to their fellow male APs. These ringer women will get away with murder, and will make huge profits before they are even suspected. Well, that’s the theory at least, but are women the Dutch Book? Continue reading Are Women the Dutch Book?

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I Think My Card Might be Poisoned: What Now?

After getting heat hitting a repeat target, my teammate Bullet sometimes says, “I’ve gotta go in there and find out if my player’s card is good.” Why? Why?? Why???

No! No!! No!!! First of all, do you really even need to know the answer to the question? Continue reading I Think My Card Might be Poisoned: What Now?