We continue our discussion with backgammon expert Bob Wachtel, including Wachtel's appearance on two baccarat teams in London.
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 world class backgammon player, Bob Wachtel
[00:48] Baccarat teams
[18:57] Why does Demark have so many backgammon players?
[23:30] Denmark versus The World matches
[28:12] Falafel bets with the Danes
[32:33] Backgammon software: Jellyfish, GNU, Snowy, Extreme Gammon
[42:52] Will SG# change the way that professional backgammon is played?
[45:00] South Point Casino - currently closed
[45:18] Predictit.org/promo/edge - place small bets on political events, $20 deposit match for GWAE listeners
[45:58] BlackjackApprenticeship.com - card counting training site and community
[46:43] VideoPoker.com/gwae - Gold Membership offers correction on most games
[47:40] Vision Laughs at Counting
[56:28] The Language of Backgammon
[1:03:04] MasterClass.com, Animal Kingdom on Amazon Prime
Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com
Videopoker.com/gwae
Books:
The Backgammon Chronicles by Robert Wachtel
In the Game Until the End, Volume 2 By Robert Wachtel
The Language of Backgammon by Robert Wachtel
Vision Laughs at Counting with Advice to the Dicelorn - by Danny Kleinman
Recommended:
MasterClass.com
Animal Kingdom on Amazon Prime
Showing posts with label baccarat. Show all posts
Showing posts with label baccarat. Show all posts
Thursday, April 9, 2020
Thursday, November 22, 2018
Gambling With an Edge - Listener emails
This week Bob and I answer questions submitted by our listeners. We encourage your questions, and you can send them to gamblingwithanedge@gmail.com.
podcast
click to listen - alt click to download
Show Notes
[00:00] Intro
[00:35] Richard's recent experience on a Norwegian Cruise Line.
[06:12] Richard's AutoSlash experience with a Priceline Express Deal car rental.
[09:31] Bob's experience filing a complaint with the Nevada Gambling Control Board.
[12:08] How can APs deal with rules that are intended to exclude them from promotions?
[14:11] Is Boyd becoming less friendly to players?
[15:46] When Bob travels out of state does he stay where he plays?
[18:20] How can a player set up an account with a bet broker?
[19:58] Are "unseen cards are unseen cards" as Don Schlesinger says?
[23:21] Is it better for a player's ADT to play to on multi-game machine or a stand only machine?
[25:50] Is penetration important when shuffle tracking?
[28:11] How can a player find risk and variance information on blackjack side bets?
[29:19] Is roulette still profitable?
[31:32] Should a player continue to play a positive, but slow baccarat game?
[34:50] How is video poker dealt?
[38:14] How do you find strong players to network with?
[43:51] South Point Casino November Promotions: Walmart gift cards, Hot Seats, Senior Days
[45:02] VideoPoker.com Game of the week is "Super Triple Play Jackpots"
[48:10] What is the EV of $200/month in free play?
[52:24] Does changing a bet from $5 to two hands of $25 look better than one hand of $50?
[54:30] Does dressing well work as cover when making large bets?
[58:43] What's the best tipping policy?
[100:30] Is sitting out negative counts better than leaving the table?
Blackjack Shuffle Tracker's Cookbook - https://amzn.to/2TrOazA
AutoSlash - http://autoslash.com
SouthPoint Casino - https://southpointcasino.com/
https://www.videopoker.com/gwae
podcast
click to listen - alt click to download
Show Notes
[00:00] Intro
[00:35] Richard's recent experience on a Norwegian Cruise Line.
[06:12] Richard's AutoSlash experience with a Priceline Express Deal car rental.
[09:31] Bob's experience filing a complaint with the Nevada Gambling Control Board.
[12:08] How can APs deal with rules that are intended to exclude them from promotions?
[14:11] Is Boyd becoming less friendly to players?
[15:46] When Bob travels out of state does he stay where he plays?
[18:20] How can a player set up an account with a bet broker?
[19:58] Are "unseen cards are unseen cards" as Don Schlesinger says?
[23:21] Is it better for a player's ADT to play to on multi-game machine or a stand only machine?
[25:50] Is penetration important when shuffle tracking?
[28:11] How can a player find risk and variance information on blackjack side bets?
[29:19] Is roulette still profitable?
[31:32] Should a player continue to play a positive, but slow baccarat game?
[34:50] How is video poker dealt?
[38:14] How do you find strong players to network with?
[43:51] South Point Casino November Promotions: Walmart gift cards, Hot Seats, Senior Days
[45:02] VideoPoker.com Game of the week is "Super Triple Play Jackpots"
[48:10] What is the EV of $200/month in free play?
[52:24] Does changing a bet from $5 to two hands of $25 look better than one hand of $50?
[54:30] Does dressing well work as cover when making large bets?
[58:43] What's the best tipping policy?
[100:30] Is sitting out negative counts better than leaving the table?
AutoSlash - http://autoslash.com
SouthPoint Casino - https://southpointcasino.com/
https://www.videopoker.com/gwae
Thursday, August 9, 2018
Gambling With an Edge - Listener emails
We have no guest this week. Bob and I answer listener emails.
podcast
Click to listen - Alt-click to download
podcast
Click to listen - Alt-click to download
Thursday, June 8, 2017
Gambling With an Edge - guest Michael Kaplan 2
Our guest this week is gambling writer Michael Kaplan. For my money Michael is the number one gambling writer today. Mainly we discuss two articles.
The Baccarat Machine This article is about Kelly Sun's exploits with Phil Ivey. Together they won millions of dollars at baccarat using a technique called edge sorting.
How Advantage Players Game the System This article from the NY Times magazine tells the story of James Grosjean beating a craps game dealt with cards.
The Baccarat Machine This article is about Kelly Sun's exploits with Phil Ivey. Together they won millions of dollars at baccarat using a technique called edge sorting.
How Advantage Players Game the System This article from the NY Times magazine tells the story of James Grosjean beating a craps game dealt with cards.
Click to listen. Alt click to download
Thursday, October 16, 2014
The Phil Ivey case
For those not familiar with the Ivey case let me give you a brief recap. In August of 2012 Phil Ivey, and a partner named Cheung Yin Sun played Punto Banco at Crockfords in London. He won 7.7 million pounds over 2 days. (Spoiler alert - he was edge sorting.) Crockfords said they would wire him the money, and then stiffed him. He sued to get the money he won, and on October 8 the judge ruled that Crockfords did not have to pay because Ivey cheated. A few facts about the case:
"There is a complete dearth of authority on cheating at common law, at least in the civil context. This is unsurprising. Although at common law gaming contracts were enforceable in principle, though sometimes not in practice on particular facts, section 18 of the Gaming Act 1845 provided that all contracts or agreements by way of gaming and wagering shall be null and void. No suit could therefore be raised by or against a party to a gaming contract alleged to have cheated. There is, therefore, no case law on what amounts to cheating."
"This is, as far as I know, the first case in which the question whether or not the conduct of a party to a gaming contract amounted to cheating has had to be determined in an English court."
"There is no commonly accepted view amongst those who play Punto Banco about whether edge-sorting does or does not amount to cheating. David Mills, a levelheaded and experienced English expert in casino gambling considers that it does. Towards the end of 2013 he conducted a survey amongst seven of the eight biggest casino operators in the UK. He found that four out of the seven considered that it was cheating and two out of seven considered it was not a legitimate practice. The remaining one considered that it was not cheating, nor illegitimate. Dr. Jacobson, to whom I have already referred, who has extensive experience in the USA of casino gambling both as a consultant to casinos and, between 1997 and 2005, as an advantage player himself, considers that it is not cheating. His informal survey, as he put it, of "hundreds of people" has provided the answer that the general but not universal view is that it is not cheating. I have not found these expressions of opinion to be helpful. Mr. Mills did not canvass gamblers and, as far as I can tell, Dr. Jacobson's survey was unsystematic. Neither establishes a generally accepted view."
RWM: Really? This is the way they approached this? The casino expert went and asked a bunch of casino operators what they think, and the other side did an informal survey of hundreds of people?
"Crockfords maintain that the claimant practised (sic) deception upon them by pretending to be superstitious when he was not, for example, by making a fuss over lucky Crockfords hats, which he and Ms Sun wore, and by asking for "lucky" cards and for a Chinese croupier on the ground that he got lucky when playing with Asian women."
I can go on, but below you can read the judgement for yourself. We will be discussing this with Ken Adams on tonight's Gambling With an Edge, and again next week with attorney Bob Nersesian.
- The casino used new cards for each shoe. Ivey played 4 shoes before asking to keep the same cards. Since Ivey and his partner were not touching the cards the casino agreed.
- They were using a brand of cards called Angel. (Not Gemaco)
- Ivey asked that the casino use a machine to shuffle the cards.
- At the end of the first night's play Ivey asked if he could continue the next day with the same cards.
"There is a complete dearth of authority on cheating at common law, at least in the civil context. This is unsurprising. Although at common law gaming contracts were enforceable in principle, though sometimes not in practice on particular facts, section 18 of the Gaming Act 1845 provided that all contracts or agreements by way of gaming and wagering shall be null and void. No suit could therefore be raised by or against a party to a gaming contract alleged to have cheated. There is, therefore, no case law on what amounts to cheating."
"This is, as far as I know, the first case in which the question whether or not the conduct of a party to a gaming contract amounted to cheating has had to be determined in an English court."
"There is no commonly accepted view amongst those who play Punto Banco about whether edge-sorting does or does not amount to cheating. David Mills, a levelheaded and experienced English expert in casino gambling considers that it does. Towards the end of 2013 he conducted a survey amongst seven of the eight biggest casino operators in the UK. He found that four out of the seven considered that it was cheating and two out of seven considered it was not a legitimate practice. The remaining one considered that it was not cheating, nor illegitimate. Dr. Jacobson, to whom I have already referred, who has extensive experience in the USA of casino gambling both as a consultant to casinos and, between 1997 and 2005, as an advantage player himself, considers that it is not cheating. His informal survey, as he put it, of "hundreds of people" has provided the answer that the general but not universal view is that it is not cheating. I have not found these expressions of opinion to be helpful. Mr. Mills did not canvass gamblers and, as far as I can tell, Dr. Jacobson's survey was unsystematic. Neither establishes a generally accepted view."
RWM: Really? This is the way they approached this? The casino expert went and asked a bunch of casino operators what they think, and the other side did an informal survey of hundreds of people?
"Crockfords maintain that the claimant practised (sic) deception upon them by pretending to be superstitious when he was not, for example, by making a fuss over lucky Crockfords hats, which he and Ms Sun wore, and by asking for "lucky" cards and for a Chinese croupier on the ground that he got lucky when playing with Asian women."
I can go on, but below you can read the judgement for yourself. We will be discussing this with Ken Adams on tonight's Gambling With an Edge, and again next week with attorney Bob Nersesian.
Thursday, March 8, 2012
Gambling With an Edge - guest BJ Traveller
The guest on the show this week is BJ Traveller. BJT is Chinese and has played blackjack in 66 casinos around the world, and written 10 books about his exploits. You can read my print interview with him here under the interviews link.
Click to listen - Alt click to download
Thursday, November 17, 2011
Gambling With an Edge - guest Max Rubin
Our guest this week is Max Rubin, author of Comp City, and one of the inventors of Bad Beat Blackjack
. We talk to Max about the comp system at the MGM/Mirage properties, about a recent armed robbery at Barona Casino in San Diego, and what it entails to invent a new casino game.
. We talk to Max about the comp system at the MGM/Mirage properties, about a recent armed robbery at Barona Casino in San Diego, and what it entails to invent a new casino game.Click to listen - Alt click to download
Tuesday, November 8, 2011
Nifty little baccarat scam
Here is a baccarat scam that was uncovered in the Philippines. There is nothing new under the sun. This is a move that Keith Taft called The Super Drop, and he was doing it back in the mid 1980s. In his version of this scam players were allowed to cut the cards in blackjack by hand. The cutter would riffle the edge of the deck before cutting, and a hidden camera would record the order of cards. Mark Billings describes the move in detail in his book,The Ultimate Edge
. Be sure to watch the video to the end.
. Be sure to watch the video to the end.
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