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, May 18, 2023

Gambling With an Edge - Our last Mail Bag

This is our final scheduled episode of GWAE.  We close out the show with questions from our mail bag. It's been a great ride for 12 years, and we are really grateful for the outpouring of kind words from our listeners, and for our sponsors over the years.

Show Notes

[00:00]  Introduction
[00:47]  Lessons learned from guests on GWAE
[04:45]  Missed advantage plays
[09:38]  Memorable moments
[13:26]  Bankroll management and session size
[15:45]  Will Bob continue to blog on Las Vegas Advisor?
[16:23]  Penalty cards in 10/7 Double Bonus
[16:54]  Odds boosts
[18:21]  Hole carding
[20:04]  Card pulling on video poker
[21:37]  Other advantage play resources
[24:09]  Life lesson from gambling
[28:05]  Gathering free play off of multiple cards
[30:14]  Predicting the future of advantage play
[31:55]  Continuous shuffling machines
[32:56]  Favorite casino games
[34:11]  Largest failures
[36:20]  Best gambling advice
[39:10]  Commercials
[42:02]  "Carnival" games
[44:39]  Extracting value from promo chips and coupons
[47:50]  Lowering the house edge at blackjack without card counting
[50:13]  Mistakes and play speed in video poker
[51:34]  Closing remarks

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Short Stories and Books Referenced:
Quit:  Knowing When to Walk Away by Annie Duke -
Comp City by Max Rubin -

Podcasts Referenced:

Thursday, May 11, 2023

Gambling With an Edge - Bonus Episode

This bonus episode is something we probably should have done a lot more of.  No guest, no mail bag questions, just a conversation between Bob and I.

podcast -

Show Notes

[00:00]  Introduction

[00:37]  Playing in New Orleans, hotel rooms, entering the casino

[05:39]  Dealer rotations, playing through breaks

[09:16]  Driving to a casino, parking, cabs

[13:33]  Advantage play before cell phones

[16:13]  "Playing a secret game"

[24:55]  Bob's slot plays, lifestyle

[30:42]  Frugality, saving, investing

[34:41]  Does Bob consider himself to be an optimist or pessimist?

[36:03]  Career regrets

Thursday, May 4, 2023

Gambling With an Edge - Mike Shackleford

Our guest this week is Michael Shackleford aka The Wizard of Odds. We discuss the updated version of his book "Gambling 102", and his thoughts about being part of Gambling With an Edge over the years.


Show notes 

[00:00]  Introduction of Michael Shackleford, The Wizard of Odds

[01:28]  A new version of Gambling 102

[02:45]  Cashman Bingo

[04:17]  Figuring out the strategies for vulnerable games, crowdsourcing data

[05:32]  Does Michael play these games?

[07:37]  Must-Hit-By machines, probability of winning, adjusting for hold by state

[13:48]  Differences between video poker and slots

[20:42]  Other new chapters in Gambling 102 on Crapless Craps and Face Up Pai Gow

[22:30]  Ultimate X Bonus Streak strategy

[26:19]  Michael tells Bonnie that Bob takes a lot of cruises

[27:50]  Commercials

[30:53]  How long will Michael remain The Wizard of Odds?

[30:29]  Michael's retirement plans

[36:29]  Face Up Pai Gow progressive jackpot

[37:52]  Michael's most memorable GWAE episodes

[41:46]  Bob's favorite GWAE episode,  Kelly Sun

[43:12]  Richard's favorite GWAE episodes, Mike Sexton, Billy Baxter, Dewey Tomko

[44:33]  Final thoughts

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Guest Links:

Wednesday, May 3, 2023

Gambling With an Edge - mail bag 4/27/2023

 No guest this week as we answer questions from our mail bag. 

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

podcast -

Show Notes

[00:00]  Introduction
[04:46]  RNGs in video poker
[05:47]  Las Vegas Advisor free play strategies
[06:57]  Does play on a cruise affect ADT or status at brick and mortar casinos
[10:05]  Video poker session length
[12;41]  Second language value for APs
[15:25]  Video poker progressives strategy cards, common progressive games
[17:43]  Generating losses, lifetime win for slot players
[19:09]  Recording video poker sessions
[20:48]  Books about Las Vegas
[26:39]  Ultimate X Gold strategy
[29:06]  A player who lives on a boat and travels to play promotions
[30:48]  Video poker card frequencies
[31:46]  Blackjack spreads and playing for comps
[33:00]  Playing at a newly opened casino
[36:08]  Commercials
[38:29]  Favorite advantage play game
[41:11]  Remaining in a casino's database, OSN
[43:30]  Misdeals 
[44:35]  Doubling on 12 as cover
[47:05]  Buying in at tables with slot tickets
[49:05]  Recommended:  The Night Agent on Netflix

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