No guest this week. Bob and Richard discuss, in blackjack the cost of cover, and whether to play smaller stakes to stay under the radar, or play higher stakes, get barred, and move on. We also discuss the difference between house edge and casino hold, and the new rules in the UK for online casinos. Will these effect online casinos the way Atlantic City’s no barring policy changed things for card counters?
podcast
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Show Notes
[01:01] Richard’s trip abroad
[01:24] The downfall of Steve Wynn
[03:53] Why is it much easier to find pictures of Bob than Richard?
[08:24] The new rules for online casinos in U.K. How will it affect AP’s?
[12:13] Merits to cashing out credits after $400-500 wins. Will it convince the machine to be more generous because it thinks a new player is sitting down?
[13:02] For playing higher denomination VP, can you go to the cashier’s cage and get betting slips instead of feeding $100 bills to the machine?
[13:31] In Blackjack, why do many casinos limit the number of split hands to maximum of 4?
[15:00] Sometimes in negative count, the player bets table minimum and the dealer keeps busting anyway. Should he stick with it or go with the flow?
[17:01] A good strategy for Sic Bo or Baccarat
[17:53] What is the status of “Inside the Edge?”
[19:59] Using cover for card counters
[26:57] Playing as a refusal for smaller stakes or signing up for a card and playing bigger
[34:17] Studying references for sports betting, college basketball in particular
[35:20] 2017 report, LV Blackjack tables held 15% of every dollar wagered. What does it mean?
[40:47] The OPP count
[42:49] Playing VP for comps
[52:30] Any value for getting “Video Poker for the Intelligent Beginner” when the listener already has Jacks or Better guide and the Video Poker for Winners software
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Good college hoops sports betting books don’t exist. I would recommend getting a good general sports gambling book that has information on NBA and WNBA and then try to apply it. Conquering Risk by Elihu Fuestel is good starting point for how to think about beating sports. Another sight that has a lot of good stats is Kenpom for college hoops. The limits are low in college hoops and every oddsmaker in the world uses kenpom stats on the openers. I would say the market is very tough to beat compared to ten years ago.
Thank you. This is exactly the kind of informed listener comment we’re asking for.
Exactly how informed this particular poster is, I have no idea. It’s’s not my sport. But he’s clearly WAY ahead of anything Richard or I had to say on the subject.
I’m surprised to hear that college basketball has gotten tough to beat. When I worked for a bookmaker during the mid- to late-80’s, college basketball and baseball were the thorns in his side. In fact, he only took action on those sports to keep his football bettors happy. There was one bettor who was very sharp in college basketball and I remember he called on day to bet $2500 on Boston College -5. I took the bet, moved the line, and soon after he called back and started to say Boston College so I stopped him and told him they were now – 5.5. I will never forget how nonchalantly the guy said “okay, give Boston College minus 5.5 for another $2500.” I was able to lay most of it off but when Boston College won the game and covered easily, the bookmaker I worked for put the guy on a $2500 limit with the last thousand of it at a half-point line adjustment. The bettor was none too happy but he continued to call and still won almost all of his big college b-ball bets. The bookmaker was convinced the guy was part of a ring that was fixing games at the time and the only reason he continued to take his basketball action was that he would win quite a bit from him in football each year.
By the way, a few months before discovering this blog, I began searching You Tube for videos on first blackjack, which I used to play quite a bit in my younger days, and then video poker, which I became informed about during those searches. During one video, the title of which I do not remember, a gentleman named Richard Munchkin was briefly featured giving some sort of advice or commentary with his face fully exposed. Probably weeks later, I came upon GWAE and started listening and immediately when hearing the hosts’ names and hearing Richard’s voice thought, “oh, this is the guy from that video I saw awhile back.” So, right from the beginning, unlike a lot of listeners I assume, I was able to put a face to Richard’s voice.