🍒 Blackjack Player Breaks the Bank At Atlantic City - Slashdot

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Submission: Blackjack Player Breaks the Bank at Atlantic City People focus on the stories when people win big, but that usually isn't.


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The man who beat three of Atlantic City's top casinos out of $ million in just 6 month, $ million winning streak with his own brand of Blackjack playing Team, who used a lucrative card counting scheme to win big.


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ATLANTIC CITY - He took Caesars for more than $4 million, burned Don Johnson, high-rolling blackjack player who beat three casinos out of about was entirely plausible for one player to win so big at the blackjack tables.


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A Pennsylvania man's biggest success came when he won $ million during a ATLANTIC CITY, N.J.—A high-rolling blackjack player from.


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This Man Won $15M at Blackjack, How Did He Do It?

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Slot Playing in AC Tropicana Win

Hey, I used to know a great place like that. He could have won big a few places and been thrown out, and lost just as much at other casinos, and the article would still have been written. That's why poker rooms were disappearing all up and down the strip before the boom. That is per hand. Because while the first casino wouldn't count his newfound winnings as part of the loss stuff, the new casino would. So being "prepared" to lose K meant that his bankroll was set to that much and he could absorb that much bad luck to keep himself playing long enough to realize a profit on correct play. I won't work for a company I see as evil. Certainly it makes less money directly than other table games, and less money than slots. He also benefited from the fact that casinos are more willing to wheel and deal now because of the economic situation and the increased competition among casinos in the USA. At that point you try to induce an all-in and go all in yourself. Poker was seen by most casinos as only being there to bring in players who wouldn't otherwise come in. If the casinos gave up their statistical advantage, that is foolish and they'll revise those decisions. Nothing could be further from the truth, this guy reaches in his pocket and hands out a million dollars to play a game. Conversely, I can't help but feel like this article is just designed to put the idea into millions of readers' heads that you can go into a casino with a strategy or method or system and take home millions at the blackjack table. Like Pittsburgh Phil is alleged to have said, "If you could beat the ponies they wouldn't be racing them. It was right next to the place that sold signs with catchy, grossly one-sided messages to protesters. I worked for Harrahs which has two casinos in Council Bluffs. Despite the chance for being cleaned out, this is the exact play you have to make to make a profit over time. And while my experiences working for Harrah's weren't great, at no point did I feel like they were out to get people. Anyway, I've known a number of "strategy" morons and there's nothing you can do to convince them that luck doesn't exist and that odds don't change after a run. The only special thing he did was know how to negotiate these high-roller deals with the casino management. There is a competing casino in town. But you're absolutely correct that people should not for a moment believe that this is something you can do under most circumstances.

Become a fan of Slashdot on Facebook. Only if you have an infinite amount of time and an infinite loss tolerance or if you cheat can you avoid the impact of luck.

I worked for Harrahs. He ended up losing the millions back to the third casino. Not a game - or entertainment or luck.

The company tried to detect people with gambling problems and banned them from their properties. Mind you, he did have to play perfect cards, because the odds require that.

You need to make sure you have enough money to cover the hands that you are going to lose despite correct play. Slots will make more money in the same space, but I don't know that you're more profitable overall dropping poker in the long run. I saw a minutes special on a sports gambler who hired people to do full-time research for him. I want to contradict you, but after reading the entire article, there's no claim that he had actually proved a way to beat the house, even with his custom rule changes. On the other hand, in his games, he was able to negotiate it to where they only had a 0. Plus, they said that he wasn't card counting, but they didn't mention whether or not he was shuffle tracking. But just like the scientist doesn't fire a single particle down the collider, this guy didn't play a single hand. The evidence that he took enough from 3 chains to be banned is anecdotal evidence only. You need enough money to not be wiped out by a few correctly played hands where the luck did not come out on your side. But Harrahs owning the World Series of Poker creates a lot of visibility for the company and gets people in the door. Caesar's Palace had even closed the poker room on their main floor about 18 months before the poker boom started with Chris Moneymaker's win. Going to Atlantic City is a mistake, putting any real money down on a blackjack table is a bigger one. Well to put this in perspective, while Tropicana AC's a. I guarantee you whatever "loss" is on paper, is exactly that, only on paper. He turned it into a sustainable business, and kept extremely close records of every wager placed. For some, having poker allows a couple to come and have both partners play something they enjoy. What's more, their numbers guys checked out his play patterns and they actually found no evidence that he was using a system, counting cards, or anything like that. Atlantic City in general has not been doing well over the past few years due to the recession. When I was offered the job working for Harrah's, my wife had just been laid off, she was pregnant and we were a broke couple. I really needed work. I don't partake in it, but I don't believe it is ultimately evil. It made it abundantly clear that he made deals that reduced his losses and gave him better odds. He didnt do anything special here except play really high limits There's a word Im thinking of, let's see if yo can guess it? When you discuss risk in play for profit, you have to realize that even if the odds are on your side, you have to be able to keep playing when there are dips. I can't help but feel like this article is just designed to put the idea into millions of readers' heads that you can go into a casino with a strategy or method or system and take home millions at the blackjack table. I don't see any evidence that Don Johnson has done the same thing. Clue: it rhymes with fullshit. Just calculation of reall odds and risk. Only Wynn's properties The Mirage and later Bellagio were trying to use poker with the casual as opposed to townie crowd. Poker is promoted so heavily, because it makes the Casinos so much lucre. People focus on the stories when people win big, but that usually isn't sustained long term. It might help if you read the article, then you'd lose that feeling. When there are a lot of high cards left in the deck, that favors the player quite a bit. The word "discount" must be in the story a hundred times. You might want to research card counting as well as the Kelly coefficient. With a proper size bankroll, and correct play, you can profit. I can assure you that neither the Tropicana nor Borgata nor Caesars will be closing its doors anytime soon despite losing millions to this guy. That is the function of the bankroll. The only sure-fire get-rich-quick scheme is selling get-rich-quick schemes. Only if it ends with a guy trying to sell just such a "system". So it was located next to the sportsbook if it was there at all. Since he hadn't played big before, he wasn't known at the time, and that gave him the opportunity to get in and out fast. He just got lucky, plus took advantage of the casinos' wi. As a poker player from before the poker boom, I can assure you the house doesn't make a ton of money on it. We had poker at both Council Bluffs properties. They also like things that are cheap to run automated systems like slots and poker isn't one of those either. Often men don't enjoy slots as much as women. Casinos actually prefer to take from the rich. Well, there's always opening a brown envelope and briefcase store in Washington DC during lobbying season. I was sure glad to see that change, but I don't kid myself that it could easily swing back. For what it is worth, I did seriously consider turning down the job over moral objections. Gambling is an entertainment expense like any other. When attendance drops, their operating costs can't be cut as quickly, they do have unionized employees. Just skim the article and you'll see your feeling is dead wrong. Since they were hand shuffling the decks, I would assume that he was. If they do, it will be just to demolish the building to build an even bigger more expensive casino on top of the site. The casinos I've been to actually promote handing out these little cards that tell you statistically what to do given your two cards and what the dealer is showing. The article seems to indicate that he always like gambling ie. We had a customer take us for a few million between our two properties in a month. There are 3 such games: Craps, Blackjack and Baccarat. Usually that goes more for poker against actual players, but blackjack with discounts can obviously approach that sort of profit. While house odds are in their favor, they're not wildly in their favor, so to make money they need lots of people playing a lot of lot of rounds. Unless they use continuous shuffle machines, the odds for the next hand change with each card dealt because you know the proportion of low to high cards that remain in the deck. The odds do change after a run in blackjack. They want you playing "perfect cards" because it's just a steady continuous stream into their pockets and you feel like you're doing everything correctly as it happens. The whole article they make him sound like Joe the Plumber that just played one day and won millions. What an atom or subatomic particle does at any particular moment is as much subject to chance as what card is dealt next. Because the house loves high take games, and poker isn't one of them.