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I Don’t Like To Gamble

Bobby Vegas: Friends Don’t Let Friends Play Triple-Zero Roulette

A gambler is in it for being in action. The risk, the thrill, the roll of the dice, the turn of a card where fate is suspended and luck hopefully prevails.

Me, I don’t like to gamble. I like to win money. Those are completely different desires and goals.

I like researching new opportunities, practicing games, learning to play correctly or even bringing my strategy cards. I like building my gambling bank from different strategies at home and from earned funds in Vegas. When I don’t know the answer, I like to contemplate and figure it out. That’s why I like VP. I can stop and start when I want. It’s not a fastest-wins game.

When I come to town on a free flight earned with points and stay in a nice resort-casino at a very low rate or on a comp, I’m already ahead $750 to $1,000.

My average out of pocket for a five-day stay is $500 to $750. And that includes airfare, rental car, hotel room, restaurant meals, a show or two, and 20 to 30 hours of advantage play.

I like to learn, plan, and take advantage of all edges — coupons, come-back offers, sign-up bonuses, bonus-points play, etc. I execute, analyze and adjust. I set win goals and loss limits. When I win it’s satisfying, a confirmation. When I lose, I either examine my play or stop.

Attitude and intention are everything. If you come to Las Vegas expecting to lose, you will. If you play to win you have a better than average chance of doing just that.

And the proof is in the wallets of you, me, and legends like Bob Dancer, Jean Scott, Anthony Curtis, and many more.

I was once told, “If you want what I have, do as I do.”

And if in the end you don’t win, you’ve had a great time and spent a quarter of what others did.

As we head into the end of the year when all those juicy LVA MRB coupons expire, I’m going to focus on ways to maximize their value in play and outline one of my favorite plays, the Fremont Street coupon run, the chance to hit as many casinos as possible in a few hours and walk away with a pile of cash. It will take more than one blog post to cover the whole run, as well as the techniques used, so hang in here. I also have a lovely Christmas coupon-karma story to end the year.

Finally, here’s to Jean Scott, who’s decided after a legendary run to step back. I in no way feel I’m filling her shoes, but I sure am grateful to be following in her footsteps. Happy trails, Jean!

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Win at Wynn; MGM roars

It went right until the last minute but there’s a deal in place between Wynn Resorts and the Culinary Union. When negotiations were gaveled finished this morning, Wynn was three hours shy of the Culinary’s 5 a.m. strike deadline. The new pact resembles those achieved with MGM Resorts International and Caesars Entertainment, especially in two crucial (and reasonable): substantial pay increases and reduced workloads for some staff. Big Gaming beat up on labor during and after the Great Pandemic, so it was time to give something back—and it did. Kudos to them and to the Culinary for a masterfully run campaign that said ‘nay’ to the union’s naysayers, including some corporatist lickspittles at the Las Vegas Sun.

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Hockey Knights in Vegas Episode 59: The Sky Is Falling (OK, Not Really)

Hockey Knights in Vegas: Episode 56

OMG! The VGK lost two games in a row in regulation! It’s official: The sky is falling!

Just kidding.

On Episode 59, Lindsey, Chris, and Eddie talk about the historic start to the VGK’s defense of the Stanley Cup and if anything can be taken away from the 4-2 loss to the upstart Anaheim Ducks (prior to the 4-1 loss to the L.A. Kings yesterday).

Before we get to the Anaheim loss, the crew digs deep into the VGK’s dominant 7-0 beatdown of the Colorado Avalanche last Saturday in the Fortress.

Jack Eichel heating up, Ben Hutton the father of the young Silver Knights defensemen, and a new segment called “HA HA Headlines,” the funniest news from around the NHL, round out this fast-paced episode of Hockey Knights in Vegas.

Please give it a watch, a like, and hit subscribe! A great prize pack is still up for grabs for the 200th and 250th subscribers!

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Strike (almost) averted; Durango delayed

Two down, one to go. This morning, the Culinary Union tersely announced the reaching of a tentative deal with leading employer MGM Resorts International. That’s 24 hours after the local declared it had achieved a pact with Caesars Entertainment by dint of a marathon, 20-hour bargaining session. Bleary-eyed CZR and Culinary negotiators reached an agreement at 5:30 a.m. Wednesday. Wynn Resorts remains the lone holdout of the Big Three, with less than 24 hours to the strike deadline and a week before Formula One comes to town. The Culinary was loaded for bear and gaming execs ultimately realized that.

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Election update: Churchill Downs loses big

No really meant no. Voters in Richmond rejected an Urban One casino two years ago by a whisker. Yesterday they buried it in a landslide. As of midnight, what was expected to be a tight race was a rout, with pro-casino forces only mustering 38% of the vote. Late polling had shown the casino ballot initiative trailing by two points. Why the dramatic, 10-point shift in the race? Was it the NASDAQ delisting of Urban One? Was it annoyance at being asked to go through a do-over campaign?

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Lord Have Mercy

How Special Is It?

More than thirty years ago, country music artist Travis Tritt recorded a song called “Lord Have Mercy on the Working Man.” The song is about the social injustices suffered by blue-collar workers.

One of the lines in the song is, “Why’s the rich man busy dancing while the poor man pays the band?” Today I’d like to apply that line to the gambling situation.

In gambling, it’s not so much the rich man versus the poor man, but rather the knowledgeable player versus the rest of the gamblers. While knowledgeable players sometimes have money, earning money in a casino and being wealthy are not the same thing at all. Casinos make most of their money off of well-heeled gamblers who buck the odds and lose.

Video poker is not a game where the losing players give money to the winning players. At least not directly. Indirectly, however, casinos take money from the losing players, give that money to the winning players, and hold out a percentage of that money for expenses and profit.

My goal in a casino is to be the player who is “busy dancing,” both literally and figuratively, while the losing players end up paying for my ride. I want to enjoy winning, dining, hotel rooms, cruises, and various other goodies while actually accumulating money during the process. It doesn’t always work out that way, of course, but that’s my goal.

Obviously, only a relatively few players manage to do this over time. Casinos need to make money overall in order to stay in business. But if losing players lose enough, that leaves enough for the knowledgeable players to enjoy the fruits of the game while still keeping the casinos afloat.

There are problem gamblers whose addiction causes considerable pain and hardship for their families. While I know these people exist, and their losing contributes to the money from which I’m paid, I largely ignore this aspect of gambling. I don’t know anything I can do to ease this problem.

I’ve been questioned periodically whether or not I feel guilty letting others pay for my good times, and my answer is always, “No.” I believe that players, problem gamblers aside, have a choice as to whether or not they gamble. 

Players know that overall, casinos win. Not from every player. Not all the time. But most players realize the odds are stacked against them. Some of us believe we have a system that works. Some of us are correct in this belief. Most aren’t.

Many players who wish to join the ones receiving these benefits can join the ranks by studying. Not everybody is up to learning how to play well, but many are. Even if you are intellectually capable of learning how to play well, it takes effort and discipline — and many aren’t up to that.

For me personally, I’ve tried backgammon, blackjack, poker, and sports betting. I’ve become convinced that I don’t have what it takes to succeed in those games — except sometimes when lucrative promotions are in effect. For whatever reason, I can do it in video poker and can’t do it in the other games. 

Each person has to work out which game, if any, is his/her path to gambling success. If you can do it— great. If you can’t, you are going to be a person who donates money to more successful gamblers. If that idea is offensive to you, then your choices are to get better at one of these games, quit gambling altogether, or learn to live with big losses in the casinos.

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MGM flops; Bally’s disappoints; DraftKings surprises

Live by the tables, die by the tables. Maryland‘s casinos, as a whole, were down 5.5% from last year. But factor in MGM and that becomes a 25% plunge. MGM National Harbor plummeted 41.5% to $67 million. Admittedly, the year-previous figure was fattened by record table game revenue. But almost 42%? Yikes. Slot play was only off 5% but table winnings toppled 48%. Despite the revenue implosion, MGM held onto first place, as Maryland Live dipped 3% to $58 million.

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Election Special; Trump testifies; Stitt’s stupidity

Police blotter; Racism in Richmond vote?

News outlets covering the stretch drive of Richmond‘s controversial Urban One/Churchill Downs casino proposal report a “razor-thin” margin for whoever wins, aye nor nay. In an atmosphere like this, missteps could be killers. And boy, did Urban One step in it big-time. A radio show on Urban One, hosted by Urban One founder Cathy Hughes, became a megaphone for racism in the cause of casinos. Appearing on The Box 99.5, guest host Preston “Famous” Brown smeared casino adversary Paul Goldman as “a white Jew with the background of Judas.” The Box quickly backpedaled. “These statements were horrible and offensive. Once we heard the comments and because he was alone in the studio with his producer, I personally drove to the station and immediately removed him from the show. He will not be appearing again,” said Radio One Regional Vice President Marsha Landess. However, apologies from Urban One CEO Alfred Liggins and Landess may not be enough to undo the PR damage at this late date.

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Are the good times over?

A sobering report on the economic future of Caesars Entertainment and, by extension, Big Gaming in general, appeared (aptly enough) on Halloween. Deutsche Bank analyst Carlo Santarelli penned gloomily that “What was once an outlook/bull case … has given way to concerns around the impact of a looming recession and a deteriorating U.S. consumer. We have believed and continue to believe that the cyclical peak for CZR, and others exposed to the LV Strip and domestic drive to markets, has passed …” Santarelli swiftly dismissed the Roman Empire’s 3Q23 results as not “overly meaningful,” as they merely confirmed that regional casinos are challenged but Las Vegas “remains resilient.” He chopped his price target on the stock from $70/share to $60 but kept a “Buy” rating on CZR.

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Hockey Knights in Vegas Episode 58: 19 out of 20 Is a Good Start, Right?

Hockey Knights in Vegas: Episode 56

The VGK are 10 games into the season and have banked 20 out of a possible 21 points with last night’s 5-2 win over Winnipeg.

Coach Cassidy said he wouldn’t push aside the results, because it’s a results business. But some issues with the quality of the VGK’s play recently haven’t gone unnoticed by the coach — or Lindsey, Chris, and Eddie.

The crew talks about the Pacific division’s contenders and pretenders and is savoring Edmonton’s awful start.

Not to bury the lead here, but Eddie drops a huge news update unreported by any VGK media!
Is it real or is it just clickbait? Listen in and decide for yourself!

All that and much more on Episode 58 of Hockey Knights in Vegas.