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DraftKings crushes it, Penn crushed

“King of the beat and raise,” proclaimed Truist Securities analyst Barry Jonas when DraftKings came out with its 1Q24 numbers. Jason Robins’ company “provided a bright spot in an otherwise dim Q1 earnings season so far.” How so? It delivered positive ROI of $22.5 million, which was 3X to 4X of what Wall Street boffins were anticipating. Not even lackluster March Madness hold kept DraftKings down. The company is projecting 3% higher revenue and 9% greater cash flow for the remainder of 2024, with a potential ROI of as much as $540 million.

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WRONG BETTING: A CRAPS PLAYER’S  GUIDE TO THE ‘DARK SIDE’

This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.

AC says:

The focus of this article is betting the don’t side in craps, but the coverage also explains how the pass side works. The main takeaway is that betting the don’t side, even though most crap players bet the other way with the shooter, is usually the way to play with the lowest house edge. The chart clearly makes that point and is a good reference for finding the house edges on those bets. The article doesn’t cover prop bets, which have much higher house edges. Note that there are a couple of editing mistakes. In the fourth paragraph under “Don’t Pass,” it should state that pass bettors lose if the comeout roll is a 12. And in the third paragraph under “Don’t Place or Lay Bets,” the sentence should be completed with … $20 to win $10 against 4 or 10.

This article was written by John Grochowski in association with 888Casino.

WRONG BETTING: A CRAPS PLAYER’S  GUIDE TO THE ‘DARK SIDE’

For many players, the prospect of winning together is part of the fun in playing craps and most players bet with the shooter. But some players simply want the best odds for their money and in craps, that comes with betting opposite the shooter.

Wager including don’t pass, don’t come, lay bets, and don’t place bets are collectively known as the “Dark Side,” and those who make them sometimes are called “wrong” bettors as opposed to “right” bettors who bet with the shooter.

If anything, playing the Dark Side is easier for online casino players than for those who play craps at live casinos. Online craps players don’t have to endure taunts or glares from those betting the other way.

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Smoke and Mirrors: Las Vegas’ First Non-Tribal Cannabis Consumption Lounge

Smoke and Mirrors: Las Vegas' First Non-Tribal Cannabis Consumption Lounge

[Editor’s Note: This review is written by Chris Kudialis, author of our recent book Weed and Loathing in Las Vegas — The Cannabis Economy Comes to Sin City. The book is a fun, colorful, and fast read that explores La Vegas’ explosion over the past several years as the Cannabis Capital of the U.S. It also spotlights the shady politics, regulatory corruption, casino clout, anointed players, and moneybags behind the new billion-dollar business. Chris is one of the leading experts on cannabis politics and practicalities in Nevada, so he was the perfect guy to review Las Vegas’ first state-approved cannabis consumption lounge.]

Smoke and Mirrors, located inside Thrive Dispensary on 2975 S. Sammy Davis Drive just one block west of the Strip, on Feb. 23 became Nevada’s first state-licensed cannabis consumption lounge to open for business.

The new “consumption club” is essentially a more upscale version of the tribal-owned Sky High Lounge (the revamped Vegas Tasting Room) on Las Vegas Paiute land less than a mile north of the Fremont Street Experience; that one opened way back in 2019, not needing state approval, since it’s on the reservation.

Smoke and Mirrors serves more expensive and more elaborate menu items in a better-ventilated venue with more nicely dressed and more courteous staff, better furniture, and less blasting of top 40 music. If Sky High is the PT’s Pub or PT’s Gold of weed lounges, Smoke and Mirrors is the Downtown Cocktail Room. No added frills or stuffiness, per se, S&M just exudes a more peaceful, comfortable, and welcoming vibe.

It has so far made a name for itself, perhaps surprisingly, with its unique variety of 12 THC-infused cocktails — not necessarily its array of more than 20 top-shelf marijuana flower strains to smoke or its four concentrate varieties to dab.

S&M owner Chris LaPorte, a Brooklyn native and the mastermind behind the now-shuttered Insert Coins booze arcade in downtown Las Vegas, named the cocktails after Vegas-linked influencers in both cannabis and music. He credits some of his weed lounge’s early success to that marketing.

“The Godfather” is Smoke & Mirrors’ most popular cocktail and honors weed visionary Tick Segerblom with a Sobreo-brand mixer, blueberry puree, lime and pineapple juice, agave nectar, and basil leaves. The lounge’s next most-popular drink, “Evolve,” salutes Vegas-born pop group Imagine Dragons by combining the elements of an apple pie and a hot toddy with Sobreo cinnamon, apple juice, vanilla syrup, a dehydrated apple, and a cinnamon stick.

The 1,300-square-foot lounge serves its drinks with flavorless THC infusions of up to 10 mg per cocktail. You’ll pay a pretty penny for the max-strength 10 mg, though: $30 (before tip). S&M also offers 5 mg and 2.5 mg THC strengths for $23 and $19, or a virgin option for $15. Flower comes in up to an eighth-ounce for as much as $75, while the four concentrates are all about a seventh of a gram and cost $20 each.

Of course, Smoke and Mirrors is not without its flaws. In my most recent visit, the staff asked me to change my table twice, the cocktails took more than 20 minutes to arrive despite being one of the first orders of the day, and the check took just as long to process; the team’s receipt-printing machine wasn’t working.

LaPorte readily admits Smoke and Mirrors’ first few weeks were anything but perfect, as his team of 20 total employees work to iron out the operational wrinkles that inevitably come with opening a first-of-its-kind business in a one-of-a-kind cannabis regulatory environment. Within a few months, though, he expects “a totally new” experience, hence the name Smoke and Mirrors.

“We want to keep people on their toes, curious and excited, but regularly surprised and never sure what’s coming here next,” he told me.

The lounge is similar to dispensaries, in that only adults 21 and older can enter. LaPorte and company can host up to 80 people at once. S&M doesn’t require a reservation, but LaPorte said they’ve been pushing reservations in the lounge’s early days to help meet demand and ensure walk-ins don’t get turned away. You can’t bring in your own weed and state law prevents Smoke and Mirrors from also serving alcohol.

The team will turn away anyone who its hostesses deem too “messed up” to enter, though LaPorte said they’ve yet to deny any customers for that reason through nearly two weeks of being open. S&M allows patrons who get too stoned on the lounge’s products can leave their cars behind for up to 24 hours in its shared parking lot with Thrive.

S&M opens every day except Monday, from 4 p.m. to midnight on Tuesday and Wednesday and noon to midnight on Thursday through Sunday. LaPorte says those hours will likely soon expand.

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Giving thanks

BLACKJACK OR PONTOON? UNDERSTANDING THE UNIQUE ASPECTS OF EACH GAME

It’s that time of the year when we give thanks to those in and around the casino industry who make our job that much more gratifying. So, in no particular order …

Las Vegas Golden Knights and Las Vegas Aces: A Stanley Cup and a (second) WNBA championship. ‘Nuff said.

Culinary Union and United Auto Workers: For bringing better standards of living to the Las Vegas Strip and to Detroit.

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According to Snyder . . .

The Radical Blackjack Story . . .

I had made my living for more than 25 years from blackjack, primarily by writing about it, but also by playing the game to formulate and test theories, while making money in the process.  But I haven’t written a book about blackjack since The Big Book of Blackjack, which was published in 2006.

A good portion of Radical Blackjack was written ten years ago and it was even offered for sale on Amazon in 2013. But I decided to hold off on publishing it, partly because I felt some of the material was too sensitive, and partly because I needed to do a lot of analyses on the rebate material and I didn’t have access to the software I needed to do it.

Radical Blackjack contains a lot of my personal gambling secrets, plus secrets I learned from other pro gamblers. The version of this book that was almost published in 2013 was a much different book from this 2021 version. In fact, the prior unpublished manuscript was a lot less radical. In that version, I used pseudonyms for most of the characters—many of whom are well-known pro players, authors, and experts in the Blackjack Hall of Fame. I was also very careful in that 2013 version of this book not to reveal too much about the actual plays and strategies, many of which had never been published, or at least, not in any great detail. I did write in detail about my own discoveries and experiences, especially with regards to shuffle tracking, loss rebate plays, and online gambling, But I left a lot of details out on plays I was involved in, but had mostly learned from other pros.

But my Huntington Press publisher and longtime friend, Anthony Curtis, encouraged me to go ahead and use the real names of the characters in the stories I told because it would make the book better. He said we could just run everything by those whose names were revealed to make sure we weren’t stepping on anybody’s toes. So, I started changing pseudonyms to real names, and once I started doing that, I figured what the hell, since we’re going to run the whole thing by these guys anyway, I might as well tell a whole lot more of the story, since they would be offered the right to veto anything about them or their strategies they didn’t want in print.

It didn’t surprise me that some players wanted to remain anonymous, requesting pseudonyms. But many said, fine, use my name. What really surprised me was that the players who were vetting this book requested very few cuts regarding the details of the tactics and strategies that we used, many of which have never been exposed in print. So, Radical Blackjack should prove to be one hell of a revelation for many serious students of the game.

Rather than attempt to describe the contents of Radical Blackjack, I’ll just post a version of the Table of Contents here. I put this together by listing the chapter titles, headings and subheadings. Information on purchasing the book follows.

1 Shuffle Tracking

Does Shuffle Tracking Work in Today’s Casinos?
What Is Shuffle Tracking?
Shuffle-Hopping at the Calgary Stampede
One Good Slug
Hammering the Lakeside Inn
Playing for the Camera at the Atlantis in Reno
Outrageous Favors at John Ascuaga’s Nugget
Winning Big and Getting the Boot at Palace Station
Tracking with the Dealer’s Help at the Tropicana in Atlantic City
Dodging the Cutoff Plugs at Paris
Going South
Short-Shoed at a Sawdust Joint

2 Radical Camouflage

Beating High-Tech Surveillance
The Griffin Snitches
Hot Game Reports
Ambush Warning for the Greeks
Cellini: The Ultimate Double Agent
Back to Beating Blackjack Survey Voice
The Insurance Flaw in the Survey Voice Software
The Double-Down Flaw in the Survey Voice Software
Keep Track of Your Camo Costs
Will These Techniques Work Today?

3 Playing with a Partner

Pillaging Aladdin’s London Club
Enter the Rainbow People
Playing Multiple Simultaneous Hands
Using a Partner to Explain Your Nutty Logic
Radical Misplay Camouflage
Let’s Change the Order of the Cards

4 Milking Loss Rebates

The Legend of Don Johnson
The $140,000 Shoe
The Insane Super Bowl Comp
The Comp to Beat All Comps
How to Win by Losing
Rebate Theory (Oversimplified)
Overall Value of Loss Rebates to a Winning Player
The Camouflage Value of Loss Rebates
The Best Rebate Strategy to Maximize Dollar Wins
The Time Factor
The Terrible’s Loss Rebate for Low-Rollers
The Aladdin Rebate Deal
The MGM Grand’s Loss Rebate
The Real World Chart
The Paris Casino’s Two-Tier Loss Rebate
Like Tarzan Swinging from Vine to Vine
Bet-Sizing and Bankroll Requirements for Loss-Rebate Games
Getting a Rebate on a Win at Stratosphere
Loss Rebates at Other Games for Low(er) Rollers

5 Playing on Other People’s Money

Max Sends Me to Play the Tribal Casinos in California
“Mr. F” Backs Me to Attack the Big Rebate Games
The Blackjack Forum Dream Team
Avery Cardoza Backs Me in WSOP Tournaments

6 Hole-Card Play

Illegal Hole Card Strategies
Obsolete Hole-Card Strategies Worth Knowing About
Spooking
Tell Play
Einbinder and Dalben
Steve Forte’s Last Big Play
Playing Warps
Steering Strategies
Legal and Still Viable Hole-card Strategies
Can Hole Carding Be Learned?
“The Turn”—a Legal Hole-Card and Steering Strategy
A Bit of History
Tips on the Turn
Is the Turn Legal at Blackjack?
The Easiest Hole-Card Play of All

7 Beating the Online Casinos

A Better Kind of Loss Rebate Play

8 Off-the-Wall Outtakes, Tangents, and Gossip

How Jesse Morgan Became James Grosjean
Everyone Knows Munchkin
How Henry Tamburin Saved Tommy Hyland’s Teammates from Prison
Why Revere Tricked His Students into Returning for More Lessons
Whatever Happened to Keith Taft’s Computer Shoes?
Jack Newton’s Story About a Big-Money Roulette Play
Wheelin’ and Dealin’ with Ken Uston
The Night Al Francesco Showed Up at My Apartment
Stanford Wong’s Secret Advantage Play on Lodging in Vegas
An Unauthorized Review by Peter Griffin
Bill Benter’s Book Gets Trashed on Amazon
My Dinner with Julian Braun
The Mysterious Ian Andersen
Bob Loeb and the FBI

Just 33.95

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Book Reviews

Review of Munchkin’s Gambling Wizards
by Arnold Snyder

Review of Josh Axelrad’s Repeat Until Rich
by Arnold Snyder

Review of the Blackjack Shuffle Tracker’s Cookbook
by Arnold Snyder

Review of Ian Andersen’s Burning the Tables in Las Vegas
by Arnold Snyder

Review of Wong’s Casino Tournament Strategy
by Arnold Snyder

Review of Mezrich’s Bringing Down the House
by Arnold Snyder

Review of Wong’s Betting Cheap Claimers
by Joel H. Friedman

Review of Cellini’s Card Counters Guide to Casino Surveillance
by Arnold Snyder

Review of Patterson’s Break the Dealer
by Arnold Snyder

Review of McDowell’s Blackjack Ace Prediction
by Arnold Snyder

Review of Dubey’s No Need to Count
by Arnold Snyder

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Miscellaneous Weird Shit

Think You’re an Expert? (Brain Teasers)
by Arnold Snyder

Las Vegas: Carnival of Carnivals!
by Arnold Snyder

A Blackjack Strategy Puzzle
by Arnold Snyder

Beyond Coupons
by James Grosjean

Common Casino Jargon
by the Vindicator

Professional Compulsive Gamblers I
by Arnold Snyder

Professional Compulsive Gamblers II
by Arnold Snyder

The Blackjack Ball
by Mark Truman

Too Many Weeks in Vegas
by Rebecca Richfiekd

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How to Count Cards

Intro to Winning Blackjack
by Arnold Snyder

Is Card Counting Legal?
by Arnold Snyder

Complete Basic Strategy
by Arnold Snyder

Simplified Basic Strategy for Card Counters
by Hal Marcus

How Card Counting Works
by Arnold Snyder

Why We Split Aces and Eights
by Arnold Snyder

Losing Your Insurance Bet?
by Arnold Snyder

Should You Surrender?
by Arnold Snyder

Tips on Counting Technique
by Kyle Sever

The Cost of Errors
by Arnold Snyder

Comparing the Simplest Systems
by Arnold Snyder

What’s the Best Card Counting System?
by Arnold Snyder

The Hi-Lo Lite
by Arnold Snyder

Back Betting at Blackjack
by Arnold Snyder

Carlos Zilzer’s OPP Count

The Easy OPP Count: A New Approach to Card Counting
by Carlos Zilzer

The Easy OPP Count: Why It Works
by Kim Lee

Attempting a Fair Comparison with OPP
by ETFan

The Advanced OPP Card Counting System
by Carlos Zilzer

Card Counting for the Vision-Impaired

The “Senior’s System”
by Arnold Snyder

Variations on the Senior System
by Arnold Snyder

More Advanced Systems

Count per Deck with the Zen Count
by Arnold Snyder

Are Side Counts Worth the Trouble?
by Arnold Snyder

The Victor APC
by Rich Victor

The Victor Insurance Parameter
by Rich Victor

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Those Damn Fluctuations

A First Year in the Blackjack Pits
by G.K. Schroeder

Blackjack Luck
by Howard Grossman

The Low-stakes Professional Card Counter
by Arnold Snyder

Las Vegas Blackjack Diary (excerpt)
by Stuart Perry

Waiting for the Long Run
by Arnold Snyder

Winners and Losers
by Tobaksa, Tommy Hyland, Taylor James, Dan Paymar, Pro21, Dustin D. Marks, One More Shoe, Bob Loeb, Abbot Avarissa, Bill Haywood, Anthony Curtis, JC, Cizef, Max Rubin, James Grosjean, John Brahms, Moe Cash

Risk of Ruin for Basic Strategy Players
by Brother William

A Counter’s Story
by One More Shoe

Lady Luck: Ain’t She a Bitch?
by Arnold Snyder

Psychology of Professional Gambling
by Orange County KO

You Won’t Win
by Arnold Snyder

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The Blackjack Team Dream

The Blackjack Team Dream

by Arnold Snyder
(From Blackjack Forum Volume XVI #1, Spring 1996)
© 1996 Blackjack Forum

A blackjack team may be the only legitimate business venture where you would seek partners who are honest, trustworthy con artists. But then, that’s what all successful card counters are, and that’s why most card counters work alone.

Through the years, we’ve published a lot of information about the concept of team play at blackjack, from Marvin L. Master’s proposal for a more equitable method of disbursing profits to investors and team players (Blackjack Forum, June ’83), to the hilarious adventures of Keith Taft’s original computer blackjack teams (Blackjack Forum, Dec ’85), to our coverage of Stanford Wong’s blackjack tournament team (Blackjack Forum, Mar ’87).

My Sermon in the March ’89 issue suggested, tongue-in-cheek, that I would soon be starting my own blackjack team bank, by collecting $1,000 each from 100 different Blackjack Forum subscribers to fund my own play. Although that Sermon was a joke, written as a warning to players to be wary of dishonest blackjack team scams, I reported in the following issue my surprise at the number of Blackjack Forum readers who contacted me with serious offers to fund my play!

Our reportage on the Hyland blackjack team trial in Windsor in the last issue of Blackjack Forum has similarly resulted in dozens of letters from readers who want to contact Tommy Hyland so they can talk with him about joining one of his teams. Sorry, gang… Tommy’s got a waiting list a mile long. And the only way to get on the list is to be personally recommended by one of his current team members. Tommy only trusts con artists who are trusted by other con artists he already trusts… or something like that.

This abiding interest in blackjack team play does not surprise me, however. Anyone who starts to grasp the frightening mathematics of normal fluctuation at blackjack realizes that any solo player taking on a casino is truly an ant versus an anteater.

Ants fare better in armies. To place your hard-earned $20,000 bank against any major casino’s net worth of hundreds of millions of dollars is an extremely risky proposition. Many of us can only fantasize about what it must be like to enter a casino with a seven-digit bankroll so that the results of even table limit bets are fairly inconsequential. And to be able to do this with a team of skilled blackjack players who can play more hands in a day than you alone could play in a week — this is the ultimate dream for many card counters.

A relative few — the Al Francescos, Ken Ustons, Tommy Hylands, Johnny Cs and MIT groups and various other known and unknown entrepreneurs — have managed to pull off the blackjack team venture with varying degrees of success. But there are so many factors involved in setting up and following through on a successful team operation that for most players, the concept simply remains an unfulfilled fantasy.

Factors Involved in Running a Successful Blackjack Team

First, where do you find serious investors to fund such an off-the-wall scheme?

Second, where do you find players who are (1) talented card counters, (2) trustworthy, (3) free to play and travel, possibly without compensation for many months, and (4) good enough actors to pull the whole thing off on a grand scale, under the continuous scrutiny of high-tech surveillance equipment?

Then there are the two major blackjack team problems I’ve heard over and over through the years, which could be loosely categorized as either “cheat” problems or “heat” problems.

The cheat problems may be real or imagined, but they are usually devastating to any blackjack team’s survival or potential success. It matters little whether a player or group of players is actually ripping off the team bank, or merely suspected of ripping off the team bank; the result is the same. The remaining players get out fast to minimize the damage, and investors pull out their capital (if they can get it!). Accusations fly, once friendly relationships are ruined, and the blackjack team is dead.

The heat problems arise externally, rather than internally, but the effect can permanently mar playing careers. Once a big money team has been identified by casino game protection specialists, every player suspected of an association with that team can suddenly find himself listed in the Griffin book of undesirables, his mug shot in the midst of common cheats, criminals, con artists and thieves.

This guilt by association can plague a player for years. Some of the worst horror stories I’ve heard have come from players who first learned they were “in the book” while playing blackjack in a foreign country. To suddenly be detained by foreign police who threaten to arrest you if you don’t give back all the money you’ve “stolen” from the casino can be a terrifying experience.

When confronted with your listing in the Griffin book, portraying you as an “associate of known card cheats,” how do you explain to these authorities that this book — which is distributed worldwide among many major casinos — is mistaken, and that you have never cheated any casino, let alone their casino? Like most players caught in such a predicament, you will give them back their money, and often more money than you’ve won (if you’ve won!), just to get out fast without the hassle and expense of a trial, and, most likely, jail time while you await trial.

Other serious problems which have plagued many teams in the past are problems which never should occur assuming proper measures are initially taken in forming and guiding the team. These would include under-capitalization, team members who are incompetent, or who have problems with alcohol or drugs, or who have already been identified as card counters in casinos where the team plays, or who are undependable, or even compulsive gamblers.

In this issue of Blackjack Forum, we’re going to focus on blackjack team play, and especially on those details which most often spell either success or failure. Despite the fact that many of the most successful players through the years have been involved in teams of one sort or another, my warnings to players about the dangers of team play still stand. The teams that succeed are exceptional.

In fact, there are so many pitfalls on the road to success that only the most dedicated, hard working, perceptive, well-financed, and extraordinarily talented teams make money. To most players, my advice would be: Don’t risk it! Dreams are enjoyable, but some dreams turn into nightmares. You wouldn’t be the first card counter to wake up from the team dream in a cold sweat, searching for comfort in your empty pockets. Blackjack team dreams are dreams for the brave at heart, not your run-of-the-mill honest con artists, only those who sleep with both eyes open. ♠