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!

Tuesday, April 21, 2015

Gambling With an Edge - guest Jeff Hwang #2

This week's guest is Jeff Hwang, author of Pot Limit Omaha Poker.  We discuss Limit Omaha Hi Lo as well as developing new casino games.


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Sunday, April 19, 2015

An AP play worth 6 figures

Since I am only 29 I don't worry much about social security. But I have a lot of friends who are around 60, and they will be facing choices on when to start taking their social security benefits. Turns out that just like any game, the people who really understand how to play are going to make WAY more money than those who don't.  I recently picked up Get What's Yours by Kotlikoff, Moeller, and Soloman. Think of it as the Beat the Dealer of how to play the social security game.

There are several different ways you can get benefits, and different times when you can start collecting. In a nutshell, you can start getting money at 62, or you can wait until "Full Retirement Age" which is 66 (plus some months depending what year you were born) or you can wait until 70. The longer you wait, the more money you get every month. About 40% of the people start taking it at 62, and 1% wait until 70. That alone should tell you what the right play is. For the vast majority of people it is right to wait until 70. And they polled social security workers on the advice they give people. As you can imagine it is the equivalent of getting advice from a dealer on how to play blackjack... hopeless.

I can't boil down the whole book in one blog post - but here is one tip which alone is worth more than the cost of this book, and can easilly be worth 50k. Say you are married, and both you and your wife work. Let's say your incomes are about equal, and you are the same age. (although this works even better if there is an age difference.) When you hit 66 you "file and suspend". Basically the idea is you turn on your benefits, but then suspend them until 70. But now your wife can take spousal benefits for 4 years, and then when she hits 70 she can file her own. Basically you get an extra 4 years of payments for her at no cost. When you both turn 70 you get paid at a much higher rate.

If you are close to 60 this book is a must read. I give it... 4 aces.


Thursday, April 16, 2015

Thursday, April 9, 2015

Gambling With an Edge - guest Mohan Srivastava #2

This week's guest is Mohan Srivastava. Mohan cracked the code on several scratch off lottery games. We talk about beating the lottery. You can read about some of his exploits in this Wired magazine article. - Wired. Here is a link to the first time Mohan was on the show. Mohan #1

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Thursday, April 2, 2015

Gambling With an Edge - guest Bradley Davis

Our guest this week is Bradley Davis. We discuss his case with the IRS after they took issue with his filing as a part time professional gambler.


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Thursday, March 26, 2015

Gambling With an Edge - guest H. Lee Barnes

Our guest this week is H Lee Barnes, author of Cold Deck. Lee was a casino dealer, a Griffin Agent, and now a writer who teaches creative writing at College of S. Nevada.


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Thursday, March 19, 2015

Gambling With an Edge - guest Eric Strasser

Our guest this week is Eric Strasser, author of Baseball Betting  for Profit.”


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Thursday, March 12, 2015

Gambling With an Edge - guest Bob Nersesian #12

The guest this week is Bob Nersesian.  Bob is a frequent guest to the show, and always entertaining.  Bob is the lawyer who advocates for the players against the casinos, and has successfully sued many Vegas casinos on the behalf of players.  He is also the author of Beat the Players


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Thursday, March 5, 2015

Gambling With an Edge - guest Michael Craig

Our guest this week is Michael Craig, author of The Professor, The Banker, and the Suicide King. This is a fascinating book about a billionaire who came to Vegas, and played poker with the best players in the world for the highest stakes anyone has ever played for.

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Thursday, February 26, 2015

Gambling With an Edge - guest Michael Gaughan

The guest on the show this week is Michael Gaughan, owner of the South Point Casino in Las Vegas. We talk with Mr. Gaughan about his father Jackie Gaughan who owned the El Cortez casino in downtown Las Vegas, as well as pieces of many other casinos.
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Thursday, February 19, 2015

Gambling With an Edge - guest Tysen Streib

Our guest this week is Tysen Streib, one of the authors of Flop Turn River.

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Thursday, February 12, 2015

Gambling With an Edge - guest Don Schlesinger

The guest this week is Don Schlesinger, author of Blackjack Attack, and the latest member of the Blackjack Hall of Fame.

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Thursday, February 5, 2015

Gambling With an Edge - guests Rick Blaine & Max Rubin

The guests this week are Rick Blaine & Max Rubin. They are on to discuss this year's Blackjack Ball. The Ball is a party held in Las Vegas once a year hosted by Max Rubin. Some of the greatest gamblers in the world attend this party, and compete in a skills competition for the Grosjean Cup. Rick Blaine was this year's winner.


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Thursday, January 29, 2015

Gambling With an Edge - guest Mike Shackleford

The guest this week is Mike Shackleford . This week we discuss the upcoming Super Bowl and the many prop bets available.


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Thursday, January 22, 2015

Gambling With an Edge - guest poker legend Billy Baxter

Our guest this week is 7 time WSOP bracelet winner Billy Baxter. Billy is one of the old time players kicking around Vegas for 40 years. We talk poker, sports betting, golf, pool hustling, a little bit of everything. A fascinating guest who we will try desperately to get back.


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Thursday, January 15, 2015

Gambling With an Edge - guest Anthony Curtis 6

Our guest this week is Anthony Curtis, owner of The Las Vegas Advisor and Huntington Press publishing.  We discuss the new poker book Flop Turn, River, as well as the new coupon book from Las Vegas Advisor. Flop, Turn, River: A Hand-By-Hand Analysis of No-Limit Hold 'Em Tournament Poker Strategies


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Thursday, January 8, 2015

Gambling With an Edge - APs Andrew and Brad

Our guests this week are advantage players Andrew and Brad.Andrew and Brad set out to scout casinos in Oklahoma. Being avid listeners to our show they had heard the horror stories of people having their money confiscated by police in Interstate 40. Sure enough they were pulled over on I-40 and the police found their $40,000. Tune in to hear their story.


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Thursday, December 18, 2014

Gambling With an Edge - Surveillance Agent Jay

Agent Jay has been working in Las Vegas surveillance rooms for over 20 years. He is our guest this week to tell us what surveillance people are looking for when watching for advantage players.

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Saturday, December 13, 2014

How Casinos Cheat

Many of you may have read James Grosjean's blog posts entitled How Casinos Cheat. If not you can find his excellent blog here, Beyond Numbers. I very much agree with JG that the danger of being cheated by a casino is not them dealing you seconds, or hitting you with a cooler. They have a much bolder, and more effective way of cheating. If you lose, too bad. If you win, they just refuse to pay.

Recently I was told one of the most egregious cases I have ever heard of. The Playboy Club in London stole the money of two players for counting cards. The two players played in the casino for 3 or 4 nights, and left their money on deposit with the casino. On the last night they went to withdraw their money, and the casino told them they would not give them their deposit money back because they had been counting cards, and card counting was against the rules of their club. The money stolen was over £30,000 or approximately $50,000. They weren't accused of cheating, just counting cards. I know nothing of British law, but I can only infer that there has never been a court case testing the legality of counting. Now maybe they know they will lose the case, but want to harass people from another country who will have to fight a court battle from overseas. Or maybe they were emboldened by the awful decision in the Phil Ivey case.

I grew up reading stories of the old "road gamblers". Doyle Brunson told me, "First we had to win the money, then we had to collect the money, and then we had to get out of town with the money." Between the casinos stealing from players, and then the police and their asset forfeitures, I can't say much has changed.

Did I mention that the Playboy Club is owned by Caesars Entertainment? Stay classy Mr. Loveman.

Friday, December 12, 2014

Gambling With an Edge - guest Jake Jacobs 2

Our guest this week is backgammon professional and author, Jake Jacobs. We talk to Jake about his new novel, The Battered Butterfly, as well as about some of his many gambling exploits.

 podcast 
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