Richard W. Munchkin

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

Books Referenced;

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

Some of Bob's recent appearances on GWAE:

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

BlackJackApprenticeship.com

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

[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:

PeterAlson.com

Facebook.com/peter.alson

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

Peter's previous appearance on GWAE - LasVegasAdvisor.com/gambling-with-an-edge/podcast-guest-peter-alson

Sponsored Links:

Recommended:

AmoreTasteofChicago.com

All-American - Netflix.com/title/81012998

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:

Twitter.com/PlusEVAnalytics

Guest Links:

PlusEVAnalytics.com

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.

[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:

PredictingPolitics.com

Twitter.com/jipkin

Recommended:

MyNoise.net

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:

lasvegasadvisor.com/gambling-with-an-edge/author/jimmy-jazz

Links Referenced:

nvhealthresponse.nv.gov/covidtrace

Recommended

The Alaska Bear sleep mask https://amzn.to/2ZNw8fX

Beneath the Neon by Matthew O'Brien https://amzn.to/2RBKlbm

Facebook.com/myvegas

Previous Episodes with Jimmy Jazz:

lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-jimmy-jazz-on/

lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-jimmy-jazz-2/

lasvegasadvisor.com/gambling-with-an-edge/gambling-with-an-edge-guest-jimmy-jazz-3/

lasvegasadvisor.com/gambling-with-an-edge/gambling-with-an-edge-guest-jimmy-jazz/

lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-jimmy-jazz-5/

lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-jimmy-jazz-6/

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."

[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

Thursday, September 3, 2020

Gambling With an Edge - listener emails 9/3/20

No guest this week as Bob and I once again dip into the mail bag.

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
[00:56] Is online advantage play becoming more or less valuable?
[03:22] Are large jackpots paid in Bitcoin taxable?
[05:15] 9/5 Triple Bonus Poker Plus
[07:20] A listener thanks GWAE the education and entertainment
[09:21] Jackpot promotion question
[13:53] Graveyard shift etymology
[15:12] Video poker pay table calculations
[17:32] Scouting tips
[18:38] Earning tier credits at Caesar's properties
[22:34] Super Times Pay and Magic Deal frequencies
[25:01] Blackjack bet sizing, chip management, and CTRs
[27:29] Playing blackjack through heat while unrated
[29:56] Royal flush frequency
[31:24] $1 DDB calculations
[33:25] South Point Casino September Promotions - $500,000 Guaranteed Money Madness
[35:37] Predictit.org/promo/edge - place small bets on political events, $20 deposit match for GWAE listeners

[36:15] BlackjackApprenticeship.com - blackjack training site and card counting community
[36:45] VideoPoker.com/gwae - Gold Membership offers correction on most games

[37:52] Surveillance is monitoring masks
[39:37] Ways to get a new player's card
[43:34] Trips gone wrong
[49:58] Recommended - 99 Second Storytelling competition, Risk of Ruin podcast

Books Referenced:

Comp City by Max Rubin https://amzn.to/34YObTS

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

Recommended:
Storytelling Competition https://www.facebook.com/events/325624952211013
Risk of Ruin Podcasts.apple.com/us/podcast/risk-of-ruin/id1527018692

Thursday, August 27, 2020

Gambling With an Edge - guest blackjack player HitA7 part 2

Our guest this week is return guest, blackjack player HitA7. We talk some more about HitA7's career and then answer a few questions from the mail bag.

[37:04] VideoPoker.com/gwae - Gold Membership offers correction on most games

[37:59] Does HitA7 play video poker?
[38:46] Listener question about saving for retirement as an AP
[40:22] Listener question about UTH
[42:39] Listener question about MSS
[45:50] Listener question about a bookmaker from The Castaways
[46:55] Listener question about Len Baker
[47:28] Listener question about playing blackjack on the square
[48:55] Does being a magician help in AP?
[50:34] Listener question about cutting the cards in blackjack
[54:00] Recommended - tacos at El Segundo Sol

Sponsored Links:

SouthPointCasino.com
Predictit.org/promo/edge
VideoPoker.com/gwae

Recommended:
ElSeGundoSol.com

Thursday, August 20, 2020

Gambling With an Edge - guest blackjack player HitA7

Our guest this week is blackjack player HitA7. We talk about how he got started and his play in Mexico and South America.

[39:50] BlackjackApprenticeship.com - card counting training site and community
[40:27] VideoPoker.com/gwae - Gold Membership offers correction on most games

[42:00] HitA7's job as a musician
[44:00] Bad back-offs and license plate readers
[47:43] HitA7 is also an ordained minister
[49:24] Recommended - Giri/Haji on Netflix, Blackjack Discord, Oyster bars at Palace Station, South Point, Harrah's, and Sunset Station

Sponsored Links:

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

Recommended:

Theblackjackdiscord.com

Giri/Haji, netflix.com/title/80190519

Oyster bars at Palace Station, South Point, Harrah's, and Sunset Station

Thursday, August 13, 2020

Gambling With an Edge - guest Lone Wolf and Wolfetta

Our guests this week are returning guest Lone Wolf, and his daughter Wolfetta. He taught his daughter to play, and now they do AP playing together.

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 Lone Wolf and Wolfetta
[00:50] How did Lone Wolf start playing with Wolfetta
[01:51] Wolfetta's training and initial play
[03:33] Hole-carding
[04:32] How does Wolfetta's husband feel about her AP work?
[05:31] Working full-time and playing part-time
[06:30] Father and daughter cover stories
[08:00] Playing conditions during COVID-19
[15:00] Cashing chips
[18:00] Wolfetta's cover
[20:25] Signals
[20:57] Playing safely during COVID-19
[22:00] Counting versus hole-carding
[23:38] Lone Wolf's back-offs
[26:52] Using emotional swings as cover
[30:50] South Point Casino August Promotions - 50% off of Walmart gift cards
[31:38] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners

[32:22] BlackjackApprenticeship.com - card counting training site and community
[33:13] VideoPoker.com/gwae - Gold Membership offers correction on most games

[34:25] Blackjack tournaments
[40:05] Drawings, promotional chips, and match plays
[46:58] Does Wolfetta play as much as she would like?
[51:25] Recommended - Born to Run by Christopher McDougall, Monster Hunter

Sponsored Links:

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

Recommended:
Born to Run by Christopher McDougall https://amzn.to/2DOs1IQ
MonsterHunterWorld.com

Thursday, August 6, 2020

Gambling With an Edge - guest blackjack player Loudon Often

Our guest this week is blackjack pro Loudon Often. Loudon was the biggest money winner on the Church Team which was featured in the documentary "The Holy Rollers."

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 blackjack player Loudon Often

[00:41] How did Loudon start playing blackjack?

[03:21] Playing with the Church Team

[04:41] Loudon's background in writing and theology

[09:49] Barring stories and back rooms

[12:04] Working on BlackjackApprenticeship.com's Blackjack Bootcamps

[14:55] Playing solo versus team play

[19:14] Long losing streaks
[21:05] How many hours per month does Loudon play?

[22:17] Loundon's wife and family

[26:25] South Point Casino August Promotions - Half price Walmart gift cards

[27:22] Predictit.org/promo/edge - place small bets on political events, $20 deposit match for GWAE listeners

[28:11] VideoPoker.com/GWAE - Gold Membership offers correction on most games

[30:00] Barona Casino

[31:56] Stories about Stumpy from surveillance

[37:14] Other interactions with surveillance

[40:12] Traveling with large amounts of cash

[44:08] Loudon's short stories and website, daviddruryauthor.com

[45:30] Recommended - LongReads.com, Seven Storey Mountain by Thomas Merton, Jojo Rabbit

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

Books Referenced:
Bringing Down the House by Ben Mezrich https://amzn.to/3fH9lYB

Recommended:
LongReads.com
Seven Storey Mountain by Thomas Merton https://amzn.to/3fAZxPu
JoJo Rabbit

Thursday, July 30, 2020

Gambling With an Edge - guest Colin Jones

Our guest this week is Colin Jones of Blackjackapprenticeship.com. We answer blackjack and card counting questions from our listeners.

[23:33] VideoPoker.com/gwae - Gold Membership offers correction on most games, "Hot Roll Poker" is the game of the week

[24:32] Introduction of Levi Mitch
[34:35] The value of networking at Blackjack Bootcamp
[38:04] Cashing expired chips
[40:03] Negativity bias
[43:09] Does comp hustling ruin a clean name?
[44:25] Recommended - Mindful extension, Freakonomics podcast

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

Colin's Previous Appearances on GWAE
lasvegasadvisor.com/gambling-with-an-edge/119961-2/

lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-colin-jones/

Recommended:

Mindful extension, Chrome.google.com/webstore/detail/mindful-beta/cieekmjjdkckhpidgaffphlaljdfhhab?hl=en-US
Freakonomics podcast, Freakonomics.com/archive

Thursday, July 23, 2020

Gambling With an Edge - guest Max Coins

Our guest this week is Max Coins, an option trader who had many low roller shenanigans he played in Vegas and Atlantic City when he was younger, as well as some high-roller play later in his career.

[00:00] Introduction of advantage player Max Coins

[00:50] Max's friend, Sam

[02:30] Pranking Binion's

[04:40] Sahara promotions

[08:08] Other coupon advantage plays

[19:27] Vegas World coupon strategies

[28:28] South Point July Promotions - "Spin to Win"

[29:33] Predictit.org/promo/edge - place small bets on political outcomes, $20 deposit match for GWAE listeners

[30:15] BlackjackApprenticeship.com - card counting training site and community, Blackjack Boot Camps available

[31:30] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership included correction on QQ and UX

[32:34] More discussion of Vegas World promotions

[38:37] Bellagio stories

[43:35] Trump Taj Mahal promotions and various other exploits

[57:27] Recommended - artsandculture.google.com, Dark on Netflix

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

Recommended:
ArtsAndCulture.Google.com
Dark - Netflix.com/title/80100172

Max Coin's other episode:
LasVegasAdvisor.com/gambling-with-an-edge/gambling-with-an-edge-guest-max-coins/

Thursday, July 16, 2020

Gambling With an Edge - guest author David Hill

Our guest this week is David Hill, author of the new book "The Vapors."

[00:00] Introduction of David Hill, author of The Vapors: A Southern Family, the New York Mob, and the Rise and Fall of Hot Springs, America's Forgotten Capital of Vice

[00:40] History of gambling, politics, and mob activity in Hot Springs

[13:29] Research and interviews for The Vapors

[17:50] South Point Casino July Promotions - "Spin to Win"

[19:10] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners

[19:51] BlackjackApprenticeship.com - card counting training site and community, Blackjack Boot Camp scheduled for July 23rd

[20:20] VideoPoker.com/gwae - Gold Membership offers correction on most game, 1000 hand free trial of Pro Membership for GWAE listeners

[21:05] David's website, DavidHillOnline.com/writing

[22:08] David's article on Spanky

[28:11] Sports betting in New Jersey by New Yorkers

[30:07] David's story on Predicit.org

[33:08] Harry Anderson

[37:52] Chess

[46:11] David's upcoming podcast about gamblers

[49:04] David Hill's contact info, @davehill77 on Twitter.

[49:32] Recommended: "Marcella" on Netflix, The Best I Saw in Chess by Stuart Rachels

Sponsored Links: