I have two distinct lives. One in the trenches of low-budget film and television, the other in professional gambling. Because of the feast-or-famine nature of show business I need a reliable income... gambling. So here you will read about both worlds. Enjoy!



Thursday, January 21, 2021

Gambling With an Edge - guest Jim Kilby

Our guest this week is Jim Kilby. Jim was a professor at UNLV, has written books on casino management, casino marketing, and casino operations. His career as both a blackjack player, and dealer goes back 50 years.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of Jim Kilby, UNLV professor and former blackjack player and dealer
[00:36] Dealing blackjack at 19 years old
[03:36] Identifying card counters in the late 1960s and early 1970s
[09:07] Playing Blackjack as a Business by Lawrence Revere
[13:14] Playing blackjack while dealing, playing conditions
[17:35] Private lessons with Lawrence Revere
[22:39] Engraved Zippo lighters
[25:27] Counting in Panama
[26:20] Bob Griffin, playing in Puerto Rico, cruises
[30:48] Returning to the casino industry after college, teaching
[36:50] South Point Casino January Promotions - $400k Spin to Win
[37:20] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners
[38:29] BlackjackApprenticeship.com - card counting training site and community
[39:08] VideoPoker.com/gwae - Gold Membership offers correction on most games
[40:34] Casino Operations Management by Jim Kilby and Jim Fox
[44:19] Ace location team at The Dunes
[49:56] Team manuals picked up by surveillance
[54:06] Recommended - unclaimed money, Veggie Grill


Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com
VideoPoker.com/gwae


Jim Kilby's Links:
Principlesofcasinomarketing.com

Introductiontocasinomanagement.com

 Books by Jim Kilby https://amzn.to/39GbKSh

Books Referenced:
Playing Blackjack as a Business by Lawrence Revere https://amzn.to/3qFT7EJ
Casino Management by Bill Friedman https://amzn.to/35YkrX6


Recommended:
Usa.gov/unclaimed-money

VeggieGrill.com


Thursday, January 14, 2021

Gambling With an Edge - guest blackjack player Vecnan

Our guest this week is a blackjack player, and team leader called Vecnan.  Vecnan first came to my attention when I heard he had recruited blackjack teammates off Craig's List.  I thought he sounded completely insane, and had to get him on the show.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of card counter, Vecnan
[00:33] Vecnan's early advantage play experience
[02:51] Self-taught advantage play
[03:35] Writing articles about blackjack
[04:47] Becoming a full-time professional, difficult aspects of that job
[08:25] Dating while playing full-time
[09:46] 200-hour losing streaks, risk of ruin
[11:34] Back-offs and cover plays
[19:18] Forming a team, advertising, training
[27:30] More training program discussion
[29:18] Playing as a refusal
[31:12] Changing spread or top bet by market
[32:44] Bankroll split
[35:23] South Point Casino January Promotions - $400,000 Spin to Win
[36:49] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners
[37:50] VideoPoker.com/gwae - Gold Membership offers correction on most games
[38:48] Shutting down a craps promotion
[41:47] Anticipating a back-off
[45:52] Buying candy bars
[48:39] Vecnan's first AP play at a high school casino night
[50:25] Will Vecnan's team expand into other forms of advantage play?
[52:44] Recommended - "A Creature of Habit" episode of The Hidden Brain, "Two Hustlers" episode of Risk of Ruin, RxGamble.com


Sponsored Links:
SouthPointCasino.com
VideoPoker.com/gwae
Predictit.org/promo/edge

Recommended:
Hiddenbrain.org/podcast/creatures-of-habit

Podcasts.apple.com/us/podcast/two-hustlers/id1527018692?i=1000504515764

RxGamble.com

 

Thursday, January 7, 2021

Gambling With an Edge - guest Mark Billings

Our guest this week is Mark Billing on to talk about his new book "Follow the Bouncing Ball."  This is a book about how Mark and his teammates used hidden computers to beat the game of roulette.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of Mark Billings, author of Follow the Bouncing Ball, Silicone versus Roulette
[00:36] The Eudaemonic Pie by Thomas Bass and difficulties of predicting roulette
[08:11] Mark's experience playing roulette
[10:49] Legality of computers, software bugs
[13:18] Characteristics of beatable wheels
[20:28] Laurance Scott, computer software and hardware
[29:09] Beating only a few wheels, changing the approach of the program,and interpolation
[36:56] South Point Casino January Promotions - $400k Spin to Win
[37:45] VideoPoker.com/gwae - Gold Membership offers correction on most games
[38:41] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners
[39:31] Training gamblers and playing in Great Britain
[44:47] Problems with using non-professionals
[46:04] A player in Canada wants to piggyback bets, pain thresholds
[51:49] Some examples of Mark's humor in Follow the Bouncing Ball, Silicone versus Roulette
[53:30] Recommended - James Grosjean's column at LVA, Alpha Go on Youtube, Amlee Gourmet Chinese Cuisine


Sponsored Links:
SouthPointCasino.com
VideoPoker.com/gwae
Predictit.org/promo/edge


Books Referenced:
 Follow the Bouncing Ball  https://amzn.to/3b8iBpS
The Ultimate Edge by Mark Billings https://amzn.to/2L8P44O
The Eudaemonic Pie by Thomas Bass https://amzn.to/3rWMsaV


Recommended:
Lasvegasadvisor.com/gambling-with-an-edge/2020-rise-of-the-machines
Youtube.com/watch?v=WXuK6gekU1Y&ab_channel=DeepMind
Amleechinesecuisine.com


Thursday, December 31, 2020

Gambling With an Edge - RX Gamble

Our guest today is longtime advantage player RxGamble.  Rx is on to talk about longevity, and beginner mistakes.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast 
Click to listen - Alt-click to download

Show Notes


[00:00] Introduction of advantage player, RxGamble
[00:41] RxGamble's 2019 Hole Card Workshop, and upcoming Zoom call
[06:16] The importance of longevity
[09:13] Name changes and disguises
[12:02] Playing unrated, loss plays
[18:45] Stories about giving up EV to avoid showing ID
[24:30] Leveraging female beauty as an AP
[29:25] Slots longevity
[32:03] BPs making rookie mistakes
[33:40] South Point Casino January Promotions - $400k Spin to Win
[34:46] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAW listeners
[36:01] BlackjackApprenticeship.com - card counting training site and community
[36:15] VideoPoker.com/gwae - Gold Membership offers correction on most games
[37:27] Rookie mistakes and reconciling player errors
[47:54] Rookie mistakes with security
[53:13] Showing ID to police officers
[54:29] Sharing players card face up, sharing name
[1:01:51] Recommended - Planet Money "Fork the Government," Rock Breaks Scissors by William Poundstone, The Woman Who Smashed Codes by Jason Fagone


Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com
VideoPoker.com/gwae

RX's Links:
RxGamble.com
Twitter.com/rxgamble

Recommended:

Npr.org/2020/12/23/949764249/fork-the-government
Rock Breaks Scissors by William Poundstone https://amzn.to/3pDkdMo
The Woman Who Smashed Codes by Jason Fagone https://amzn.to/38N84xp

 

Thursday, December 24, 2020

Gambling With an Edge - guest Michael Shackleford aka Wizard of Odds

Our guest this week is Mike Shackleford aka The Wizard of Odds.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of Michael Shackleford, The Wizard of Odds
[00:35] Why do the number of decks in blackjack affect the house edge?
[08:32] Does 3/2 or 6/5 blackjack affect the impact of the number of decks?
[10:24] Reversible Royals at the Red Rock
[15:57] Morongo Casino Promotion, publicizing promotions
[20:54] Advantage slots
[23:16] Super Bowl prop bets, rule change affecting data, buying databases
[30:00] Political betting
[35:00] South Point Casino December Promotions - Pay Less with Your Points, Christmas Day Hot Seat
[36:05] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners
[36:34] VideoPoker.com/gwae - Gold Membership offers correction on most games
[27:40] Jeopardy
[41:20] Recommended - The Spy, Phil Galfond on Gamblers podcast, The Queen's Gambit


Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
VideoPoker.com/gwae


Michael's Links:

WizardofOdds.com
Twitter.com/wizard0fodds


Links Referenced:
Wizardofodds.com/games/blackjack/why-number-of-decks-matter/


Books Referenced:
20/20 Sports Betting by Logan Fields https://amzn.to/3mOvCqG
Sharp Sports Betting by Stanford Wong https://amzn.to/38vfw05
The Queen's Gambit by Walter Nevis  https://amzn.to/3rm0sum


Recommended:
Netflix.com/title/80178151
Theringer.com/2020/12/9/22164679/gamblers-podcast-phil-galfond-poker-pot-limit-omaha
Netflix.com/title/80234304

 

Thursday, December 17, 2020

Gambling With an Edge - guest Consultant AP

Our guest this week is a former surveillance director, Consultant AP. He left surveillance to become an AP.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of former surveillance employee and current AP, Consultant AP
[00:47] Consultant AP's background in surveillance
[02:11] Learning about advantage play
[05:32] What surveillance skills are helpful in advantage play?
[07:35] Consultant AP begins to dabble in advantage play
[09:26] Sports betting
[16:15[ Barrings and back-offs in Las Vegas
[20:10] Coming up with the name Consultant AP
[21:17] Meeting RxGamble and spotting APs from surveillance
[27:31] South Point December Promotions - Pay Less with Your Points, Christmas Day Hot Seat
[28:55] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners
[30:15] VideoPoker.com/gwae - Gold Membership offers correction on most games
[31:12] Meeting RxGamble
[35:55] A consulting job example
[40:00] Teaching with RxGamble
[43:20] Is Consultant AP still tied into the surveillance community?
[45:15] Which Las Vegas casinos are flyer happy?
[47:33] Do surveillance employees have time to look for advantage players?
[49:27] Listeners can reach Consultant AP via Twitter DM @ConsultantAP
[50:29] Blackjack Discord
[51:48] @TedWhitingsMom
[54:46] Recommended - Thai Kitchen, Boulevard Bar and Grille

Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
VideoPoker.com/gwae


Recommended:
9thaikitchenlv.com
Boulevardbarandgrille.com

 

Thursday, December 10, 2020

Gambling With an Edge - guest Michael Sall

Our guest this week is arguably the world's best gin rummy player, Michael Sall. He is the author of "Gin Rummy: A Predator's Guide."

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of Michael Sall, arguably the best gin rummy player in the world
[00:32] Micheal's appearance of David Hill's podcast "Gamblers"
[02:05] Does winning tournaments help players to find good games?
[03:41] Michael's early experiences playing gin
[06:44] Gin Rummy: A Predator's Guide by Michael Sall
[09:52] Playing in New York City
[15:01] Stu Ungar
[20:45] How is gambling at gin different than other forms about gambling?
[22:55] South Point Casino December Promotions -
[24:09] PPredictit.org/promo/edge - places small bets on various political events, $20 deposit match for GWAE listeners
[25:04] BlackjackApprenticeship.com - a card counting community and trading site
[25:47] VideoPoker.com/gwae - Gold Membership offers correction on most games, Free Pro Membership trial for GWAE listeners
[26:31] Getting access to high stakes games
[28:58] Brian Zembic
[31:14] Hustling at gin versus other forms of hustling
[32:47] Cheating in gin
[39:32] Molly's game and federal charges
[47:44] Carrying large amounts of money
[49:09] How can listeners contact Michael?
[50:14] Recommended - The Crown on Netflix, "The Pool Hustler" episode of David Hill's Gamblers podcast


Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com 

Thursday, December 3, 2020

Gambling With an Edge - guest author David Schwartz

Our guest this week is David Schwartz, on to talk about his new book, "At The Sands."

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of Dr. David G. Schwartz, author of At The Sands, gaming historian, and professor at UNLV
[00:46] Why write about The Sands
[01:12] Would it be easier to write another book about the same era in Las Vegas?
[02:48] Mob affiliations with The Sands
[03:29] Jack Entratter
[06:49] Marker issuance and collection
[12:05] The Sands becomes high-rise
[13:25] Frank Sinatra
[16:04] Origins of the Rat Pack monicker
[19:11] Sinatra becomes more difficult
[23:39] Confrontation between Frank Sinatra and Carl Cohen
[25:33] De Facto segregation in Las Vegas 
[29:14] Sinatra's role in desegregation
[32:36] South Point Casino December Promotions - Pay Less with your Points 12/14-12/30
[33:57] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners
[34:40] BlackjackApprenticeship.com - card counting training website and community
[35:14] VideoPoker.com/gwae - Gold Membership offers correction on most games
[36:54] Robert Kennedy and other federal officials become interested in Las Vegas
[39:00] The Green Felt Jungle by Ed Reid and Ovid Demaris
[39:42] The mob lingers after a crackdown
[42:52] Howard Hughes and The Sands
[44:35] Sheldon Adelson and The Sands
[47:37] The Sands ages and becomes less elegant
[48:50] The Copa closes
[50:20] The legacy of The Sands
[51:24] Recommended: Gamblers podcast by David Hill at The Ringer, We are The Champions on Netflix

Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com
VideoPoker.com/gwae


Books Referenced:
At The Sands by David G. Schwartz https://amzn.to/3g0MA3k
Grandissmo: The First Emperor of Las Vegas by David G. Schwartz https://amzn.to/33F7jop
The Green Felt Jungle by Ed Reid and Ovid Demaris https://amzn.to/2VsnrVJ
The Vapors by David Hill https://amzn.to/2KWD59T


Dr. Schwartz' Previous Episodes:
Lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-week-3/

Lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-david-schwartz/


Recommended:
Theringer.com/2020/11/11/21559016/introducing-gamblers
Netflix.com/title/81034679

Thursday, November 26, 2020

Gambling With an Edge - guest Russell Fox

Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of tax advisor, Russell Fox
[00:41] Recent changes to tax law
[03:31] Self-employment tax for professional gamblers
[07:42] Deductions for gambler vloggers
[09:09] Underpayment penalties for recreational gamblers
[12:10] Deducting bad debts
[14:16] Foreigner gamblers and U.S. tax
[16:33] Declaring winning from a chip bank
[21:10] Taxation of points
[24:31] Common tax mistakes
[30:58] Contributions and IRA contributions
[31:44] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards
[32:45] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners
[33:29] VideoPoker.com/gwae - Gold Membership offers correction on most games
[34:48] Off-setting a hand pay with losses
[38:40] Listing W2Gs as a professional gambler
[40:48] Self-dealing and IRAs
[42:13] 529 plans
[45:29] Depositing large amounts of cash
[48:05] Setting up an off-shore corporation
[51:03] Recommended - Sal Piacente on Youtube, Nittaya's Secret Kitchen


Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
VideoPoker.com/gwae


Recommended:
Nittayassecretkitchen.com
Sal Piacente https://www.youtube.com/results?search_query=sal+piacente
.
Russel Fox's Previous Episodes:
Lasvegasadvisor.com/gambling-with-an-edge/podcast-guest-russell-fox

Lasvegasadvisor.com/gambling-with-an-edge/podcast-tax-adviser-russell-fox

Many more episodes with Russell are available on GamblingWithAnEdge.com

 

Thursday, November 19, 2020

Gambling With an Edge - guest Logan Fields

We talk to Logan Fields, author of "2020 Sports Betting: Think Like a Pro," a new book from Huntington Press. Fields takes a makes lots of high-EV, low denomination, bets and it works for him His main sports are football, baseball, and golf.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of Logan Fields, author of 20/20 Sports Betting: Think Like a Pro
[00:56] Logan's sports betting history
[06:26] Leaving a day job to become a full time sports bettor
[07:09] The golden period of online betting
[07:36] Who is the audience for 20/20 Sports Betting?
[11:20] UIGEA and losing outs
[12:37] NFL props and data analysis
[15:40] Is watching games necessary?
[18:28] Opportunities in smaller markets
[20:12] How is betting baseball different from betting football?
[25:09] Database information and prices
[27:32] How much older data can be used?
[30:15] South Point Casino November Promotions - Half-priced Walmart and Amazon gift cards, Thanksgiving Day Hot Seat
[31:07] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners
[31:42] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership includes Ultimate X and Quick Quads
[32:46] Sharp golf bets
[37:07] Betting live markets
[39:09] Betting in Vegas while living in Socal
[41:15] The Masters
[44:10] Betting final Jeopardy
[48:55] Logan's contact info
[50:52] Recommended - Borgen on Netflix, Razor's Edge by William Somerset Maugham


Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
VideoPoker.com/gwae


Books Referenced:
20/20 Sports Betting: Think Like a Pro by Logan Fields https://amzn.to/2KdvR0T

Sites Referenced:
KOStats.com
ArmchairAnalysis.com
Tour-Tips.com


Previous Episodes Referenced:
LasVegasAdvisor.com/gambling-with-an-edge/podcast-rufus-peabody/


Recommended:
Netflix.com/title/70302482

Razor's Edge by William Somerset Maugham https://amzn.to/38ZhAPF
Moon and Sixpence by William Somerset Maugham https://amzn.to/35IBjkS

Thursday, November 12, 2020

Gambling With an Edge - guest Matthew Dicks

Our guest this week is Matthew Dicks. Matt is the author of, "Storyworthy: Engage, Teach, Persuade, and Change Your Life through the Power of Storytelling," as well as several novels. He recently wrote an article for Pokerstars  on how to tell better "bad beat" stories.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00]  Introduction of storyteller, Matthew Dicks
[01:14]  A gambling related story about arm wrestling 
[13:36]  What makes that arm wrestling story interesting?
[17:25]  Matthew’s poker experience
[22:39]  Matt’s writing on PokerStars
[24:06]  Why are bad beat stories rarely entertaining?
[28:30]  Why is Sweeney an important character in Matthew’s bad beat story?
[32:01]  Time management 
[35:41]  South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards, Thanksgiving Day Hot Seat
[36:50]  Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners
[37:37]  BlackjackApprenticeship.com - card counting training site and community
[38:03]  VideoPoker.com/gwae - Gold Membership offers correction on most games 
[39:19]  More on Sweeney’s hand declaration 
[41:21]  Is there any place for fiction in a well told bad beat story?
[43:25]  Could storytelling help APs maintain cover?
[45:31]  Moth events
[49:26]  Matthew’s next storytelling book
[53:19]  Matthew’s contact info 
[54:06]  Recommended - The Queen’s Gambit, Best Hand I Ever Played by Steve Rosenbloom


Sponsored Links:

Guest Links:
"Storyworthy: Engage, Teach, Persuade, and Change Your Life through the Power of Storytelling," https://amzn.to/3kcM9DB

Recommended:
The Queen’s Gambit by Walter Tevis https://amzn.to/3eUztQO
Best Hand I Ever Played by Steve Rosenbloom https://amzn.to/35qkR8C
.


Thursday, November 5, 2020

Gambling With an Edge - guest slot AP Prax part 2

Our guest this week is a return visit from Prax. We talk about life on the road, living in his van, and how covid has affected the AP life.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of machine AP, Prax
[00:33] FaceBook Marketplace arbitrage
[08:24] Van life and nutrition
[11:00] Civil forfeiture
[13:47] Sleeping in a van
[16:25] Coronavirus effects on AP
[24:06] Reacting to the first big loss
[35:58] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards
[36:38] Predictit.org - place small bets on various political events, $20 deposit match for GWAE listeners
[37:30] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership includes Quick Quads and Ultimate X
[38:28] Advice to new APs
[43:31] A costly mistake
[44:12] Back-offs
[44:50] More on quality networking
[51:07] Finding a network
[52:49] Talking about slot on Twitter
[55:23] Recommended - People I Mostly Admire podcast


Sponsored Links
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com
VideoPoker.com/gwae


Prax's Previous Appearance:
Lasvegasadvisor.com/gambling-with-an-edge/podcast-slot-ap-prax


Recommended:
Freakonomics.com/pima
.

Thursday, October 29, 2020

Gambling With an Edge - guest slot AP Prax

Our guest this week is a professional slot AP called Prax. We talk about how he started 8 months ago, and went to making 6-figures his first year.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of AP slot player, Prax
[00:33] How did Prax started in AP?
[05:32] RxGamble's hole carding class
[13:43] Learning machine plays
[18:18] Building and maintaining a crew
[21:38] Discussion of gambling philosophy
[25:01] Mixing advanced plays with machine plays
[28:09] "Higher level machine plays"
[20:26] Forming a partnership
[31:04] Weekly miles and hours
[33:20] Attributes of a good apprentice
[36:38] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards
[37:42] Predictit.org/promo/edge - places small bets on various political outcomes, $20 deposit match for GWAE listeners
[38:24] BlackjackApprenticeship.com - card counting training site and community
[38:49] VideoPoker.com/gwae - Gold Membership offers correction on most games
[39:55] Slot hustling in Las Vegas
[42:56] Training in Europe
[48:37] Prax's parents' opinion of his AP lifestyle
[53:58] Van life
[55:57] Recommended - Post Modern Jukebox, Google My Maps


Sponsored Links
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com
VideoPoker.com/gwae


Relevant Links:
RXGamble.com
Twitter.com/rxgamble

Books Referenced:
Professional Blackjack by Stanford Wong https://amzn.to/2HJ3FlL
Gambling Wizards by Richard. W. Munchkin https://amzn.to/31O9qp2


Recommended:
Postmodernjukebox.com

Google.com/maps/d

 

Thursday, October 22, 2020

Gambling With an Edge - guest Bob Nersesian

Our guest this week is attorney Bob Nersesian. We talk about the recent Nevada Supreme Court case where casinos have to cash your chips if you're a patron, whether or not you can prove you came by those chips in the course of gaming at their establishment. We also discuss a new policy by the Las Vegas Metro about obtaining ID in gambling disputes, a discussion on the practical penalties of being trespassed, and the dangers, if any, of playing a machine that you believe is paying off too much

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00]  Introduction of gaming attorney and Blackjack Hall of Famer, Bob Nersesian

[00:46]  Would using high powered glasses to study card imperfections be considered cheating?

[02:26]  Streamers using cameras to stream casino games

[05:41]  What's the worst penalty for returning to a casino a year after being trespassed?

[08:32]  Young vs Nevada Gaming Control Board and its implications

[23:37]  ID requests by police during a formal trespass

[31:18]  South Point Casino October Promotions - Free Play with a Kicker

[31:56]  Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners

[32:40]  VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership trial for GWAE listeners

[33:53]  Signaling in a one-player carnival game

[37:06]  Using marijuana smell as cover

[39:24]  Do European players have the same rights in the U.S. as American players?

[40:20]  Video poker tables and progressive errors

[45:45]  Covering name on ID during an age check

[48:33]  Using a fake Taiwanese passport

[52:11]  Recommended - Fargo on FX


Sponsored Links:

SouthPointCasino.com

Predictit.org/promo/edge

VideoPoker.com/gwae


Books Referenced;

The Law for Gamblers  https://amzn.to/3lKF8eC


Some of Bob's recent appearances on GWAE:

lasvegasadvisor.com/gambling-with-an-edge/podcast-guest-attorney-bob-nersesian/

lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-bob-nersesian-18/

lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-bob-nersesian-17/

many more available at gamblingwithanedge.com


Recommended:

FXnetworks.com/shows/fargo



Thursday, October 15, 2020

Gambling With an Edge - guest Matt of PlusEVanalytics part 2

Our guest this week is a return visit from Matt of http://www.plusevanalytics.com. Some of the topics discussed include pointsbet, which is a newcomer to American sports books. We also talk about correlated parlays, why you should never use a tout, and the difference in US and Canadian sports betting. 

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00]  Introduction of Matt, a Canadian actuary, from PlusEVanalytics.com

[00:35]  What is a points better?

[02:25]  Skewness and asymmetric distributions

[03:23]  Caps in a points bet

[04:51]  Player prop distributions

[06:11]  Required collateral

[07:26]  Market efficiency 

[09:11]  Canadian sports betting markets

[14:06]  U.S. tax issues for foreign gamblers

[16:27]  FiveThirtyEight.com

[19:00]  Positive EV situations on Predictit.org 

[24:14]  South Point Casino October Promotions - Free Play with a Kicker

[25:00]  Predictit.org/promo/edge

[25:32]   BlackJackApprenticeship.com - card counting website and community

[26:21]  VideoPoker.com/gwae - Gold Membership offers correction on most games

[27:21]  Pricing counterparty risk

[29:11]  Promotion stories 

[32:54]  Tesla Model S

[34:54]  Correlated parlays 

[40:31]  Domestic versus offshore sports betting

[42:18]  Touts

[48:50]  How can listeners contact Matt?

[49:38]  Recommended - 99 Second Story Telling Contest, My Octopus Teacher, RX Gamble 


Guest links:

PlusEVAnalytics.com

Twitter.com/PlusEVAnalytics


Sponsored Links:

SouthPountCasino.com

Predictit.org/promo/edge

BlackJackApprenticeship.com

VideoPoker.com/gwae


Recommended:

99 Second Story Grand Slam https://fb.me/e/3IPJBlqsF

My Octopus Teacher Netflix.com/title/81045007

RXGamble.com

Thursday, October 8, 2020

Gambling With an Edge - guest author Peter Alson

Our guest this week is  author Peter Alson. Peter returns to our show to discuss his book, "The Vig: Confessions of an Ivy League Bookie." The book concerns working in a New York bookmaking operation in the early 1990s. Both Bob and I enjoyed and recommend you read the book

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes


[00:00]  Introduction of Peter Alston, author of The Vig (originally published as Confessions of an Ivy League Bookie)
[00:32]  Republishing The Vig
[04:02]  How did Peter become a bookmaker?
[06:44]  Prologue of The Vig
[09:36]  Spanky
[12:41]  Degenerates working in the bookie's office
[15:57]  The era of bookmaking without computers
[20:01]  Paying customers and collecting debts
[21:00]  Mob involvement in bookmaking
[23:04]  Billie Walters and other sharp players
[26:04]  Office dynamics with a female employee
[28:25]  Calculating commission on recruited players
[33:14]  South Point Casino October Promotions - Free Play with a Kicker
[33:51]  Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners
[34:19]  VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[35:27]  The original of the title The Vig
[37:36]  Life lessons from being a bookmaker
[41:14]  The aftermath of writing a book about former co-workers
[43:58]  Writing about dysfunctional relationships
[49:21]  How can listeners contact Peter?
[50:40]  Recommended:  Amore Taste of Chicago restaurant, All American on Netflix, remembering Mike Sexton

Peter Alson's links:
The Only Way to Play It by Peter Alson https://amzn.to/2GLfOWr
The Vig by Peter Alson https://amzn.to/3jbCAFr
The Novice Twins: A Novel  by Eden Alson
One of a Kind:  The Rise and Fall of Stuey Ungar by Nolan Dalla and Peter Alson https://amzn.to/3iHSKFo

Sponsored Links:

Recommended:
.

Thursday, October 1, 2020

Gambling With an Edge - guest Matt of PlusEVanalytics.

Our guest this week is Matt from http://www.plusevanalytics.com. He is a Canadian actuary who also dabbles in advantage play. We discuss Taleb's concept of anti-fragility and how that is very useful in sports betting. We also discuss how the Kelly Criterion comes up with different answers sometimes and how are we to know which is which?

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00]  Introduction of Matt from PlusEVAnalytics.com

[00:50]  Show notes information and availability

[02:36]  The best forum for site comments and feedback is at GamblingWithAnEdge.com

[03:21]  Actuarial science as a profession

[05:40]  Nassim Nicholas Taleb, Twitter.com/nntaleb

[11:14]  NFL season totals and antifragility

[15:45]  Dow Jones and antifragility

[17:36]  PointsBet.com and distributional mathematics

[24:46]  Super Bowl prop bets, Michael Shackleford, and market efficiency

[30:35]  Sportsbook hold versus roulette hold, epistemic uncertainty and adverse selection

[39:19]  South Point Casino October Promotions - 'Free Play with a Kicker'

[39:59]  Predictit.org/promo/edge - place small bets on various political outcomes, $20 deposit match for GWAE listeners

[40:40]  BlackjackApprenticeship.com - card counting training site and community

[41;02]  VideoPoker.com/gwae - Gold Membership offers correction on most games

[41:57]  Kelly Criterion

[45:49]  Being both an actuary and a gambler

[53:10]  How can listeners contact Matt?

[56:03]  Recommended - Schitt's Creek on Netflix, Captain Jack Andrews on Youtube and Twitter

Sponsored Links:

SouthPointCasino.com

Predictit.org/promo/edge

BlackjackApprenticeship.com

VideoPoker.com/gwae


Guest Links:

PlusEVAnalytics.com  

Twitter.com/PlusEVAnalytics

PlusEVAnalytics.wordpress.com/publications

Recommended:

Schitt's Creek, Netflix.com/title/80036165

Captain Jack Andrews, Youtube.com/CaptainJackAndrews/videos, Twitter.com/capjack2000



Thursday, September 24, 2020

Gambling With an Edge - guest Jason Pipkin

Our guest this week is  Jason Pipkin. Jason is a neuroscientist who gambles semi-professionally on elections at predictit.org.  

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

Show Notes

[00:00]  Introduction of Jason Pipkin, frequent bettor at Predictit.org
[00:58]  How did Jason get started on Predictit.org?
[02:48]  Jason's background and predictingpolitics.com
[04:30]  Commissions and contract limits
[10:26]  Biden and Trump double max contract example
[12:35]  Liquidity and market efficiency
[14:35]  Can personal political biases affect profitability?
[16:04]  Arbitrage
[17:38]  Trading frequency
[18:45]  Volatility
[20:16]  Holding periods and exit strategy
[21:28]  Black swan betting
[23:08]  2016 Presidential election market strategies
[24:42]  FiveThirtyEight.com
[25:48]  Computer analysis and modeling
[26:59]  Predictit.org market forums
[28:40]  What percentage of bettors in political markets are profitable?
[31:24]  Straddles
[32:47]  Determinants of volatility
[36:12]  Foreign elections
[38:30]  South Point Casino September Promotions - $500,000 Guaranteed Money Madness
[39:22]  Predictit.org/promo/edge -  place small bets on various political events
[39:55]  BlackjackApprenticeship.com - card counting training site and community
[40:25]  VideoPoker.com/gwae - Gold Membership offers corrections on most games
[41:47]  Market suggestions
[43:20]  Similarities to options trading
[45:24]  Holding contracts until expiry
[48:39]  How can listeners contact Jason?
[49:10]  Discussing gambling in personal relationships
[50:28]  Recommended - MyNoise.net


Sponsored Links:

Jason's Links:

Recommended:

.

Thursday, September 17, 2020

Gambling With an Edge - guest Jimmy Jazz 9/17/20

Our guest this week is Jimmy Jazz.  He is back to talk about credit card strategies and other low roller plays.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.

podcast
Click to listen - Alt click to download

Show Notes

[00:00]  Introduction of low rolling advantage player and credit card points guru, Jimmy Jazz
[00:48]  Why did Jimmy recently travel to Las Vegas?
[02:37]  A recent Four Queens offer
[08:10]  Additional changes at Four Queens, Covid-19 observations
[16:10]  Dinner at Hugo's
[18:10]  Nevada's contact tracing app
[21:40]  The D
[23:04]  The El Cortez
[26:46]  The Flamingo
[30:20]  Emerald Island
[32:48]  Have any casinos gone non-smoking?
[33:35]  More info on Emerald Island
[36:10]  South Point Casino September Promotions: $50,000 Money Madness
[37:22]  Predictit.org/promo/edge - place small bets on various political outcomes, $20 deposit match for GWAE listeners
[38:18]  BlackjackApprenticeship.com - card counting training site and community
[39:06]  VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[40:22]  Circa football promotion
[43:32]  Other Vegas musings
[50:30]  Credit card deals
[52:26]  Recommended:  Alaska Bear sleep mask, spending spare coins, and coin redemption promos, Beneath the Neon by Matthew O'Brien, MyVegas


Sponsored Links:

Links Referenced:

Recommended
The Alaska Bear sleep mask https://amzn.to/2ZNw8fX
Beneath the Neon by Matthew O'Brien https://amzn.to/2RBKlbm

Previous Episodes with Jimmy Jazz:

 

Thursday, September 10, 2020

Gambling With an Edge - guest Peter Alson

Our guest this week is author Peter Alson.  Peter joins us to talk about his new book, "The Only Way To Play It."

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast
Click to listen - Alt click to download

[00:00] Introduction of Peter Alson, author of The Only Way to Play It
[00:34] Peter's gambling background
[05:25] Playing at The Mayfair Club
[07:37] The New York poker scene
[12:54] The art world
[15:48] Are Peter's characters based on actual people?
[21:30] Family problems and gambling
[27:38] South Point Casino September Promotions - $500k Money Madness casino-wide progressives
[28:22] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners
[29:42] VideoPoker.com/gwae - Gold Membership offers correction on most games
[30:38] The Russian mob
[34:10] Downswings and variance
[37:23] Choosing a title for The Only Way to Play It
[39:20] Deke Castleman
[42:26] Does writing difficult scenes affect Peter's life at home?
[43:30] How to buy The Only Way to Play It
[45:29] One of Kind by Nolan Dolla
[47:32] Recommended - Hotels Tonight app, The Blech Effect documentary

Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
VideoPoker.com/gwae

Guest Links:
PeterAlson.com

Books Referenced:
The Only Way to Play It by Peter Alson https://amzn.to/3k7Tk02
Confessions of an Ivy League Bookie by Peter Alson https://amzn.to/3k62N8o
One of a Kind by Nolan Dolla https://amzn.to/2RcFn4L

Episodes Referenced:
LasVegasAdvisor.com/gambling-with-an-edge/gambling-with-edge-guest-nolan-dalla-2

Recommended:
Hotels Tonight app
The Blech Effect, imdb.com/title/tt8030814