No guest this week as we answer questions from our mail bag.
Thursday, September 15, 2022
Gambling With an Edge - Mail Bag 9/15/2022
Thursday, September 8, 2022
Gambling With an Edge - Rob Pizzola
Our guest this week is Rob Pizzola. Rob is a professional sports bettor, and one of the owners of Betstamp, http://betstamp.com. He also has a podcast called, Circles Off.
https://www.spreaker.com/user/7418966/pizzola
Click to listen - Alt click to download
Show Notes
Thursday, September 1, 2022
Gambling With an Edge - guest Captain Jack Andrews
Our guest this week is Captain Jack Andrews here to talk about the new football season, and what is new at http://unabated.com.
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.
https://www.spreaker.com/user/7418966/cjack09012022
Click to listen - Alt click to download
Show Notes
Thursday, August 25, 2022
Gambling With an Edge - Bob Hamman
Our guest this week is legendary bridge player Bob Hamman. Bob also runs a company called SCA that basically insures large unlikely events. One example would be the Pepsi promotion where someone could win a billion dollars.
Thursday, August 18, 2022
Gambling With an Edge - guest Shane Sigsbee
Our guest this week is Shane Sigsbee. Shane started a company called "I am a Whale" that backed professional poker players, and then moved into sports arbitrage, and getting down for other pros.
Thursday, August 11, 2022
Gambling With an Edge - mail bag 8/11/2022
No guest this week as we answer questions from our mail bag.
[00:00] Introduction
[00:30] Bill Benter's published material
[02:02] Risk of ruin for 8/5 and 8/6 Jack or Better
[03:47] Getting flat-bet at a Strip casino
[05:06] Intermittent fasting
[17:00] Getting cut off from comps at a small locals casino
[19:39] Backed off aggressively for counting at a Native American casino
[22:26] Relationship between net worth and bankroll
[26:55] Gambling advice, blackjack on Vice
[30:16] https://SouthPointCasino.com
[31:06] https://BlackjackApprenticeship.com
[31:38] https://VideoPoker.com/gwae
[33:05] Average daily theoretical calculations across properties
[34:18] Dating tips for a single professional gambler
[37:11] Speed of shuffling on video poker games
[38:20] Paying off markers with a credit card
[40:05] Video poker training software, Win Poker
[41:43] Does a property care about the use of video poker strategy cards
[43:01] Calculating the edge on a video poker loss rebate
[49:11] Video poker progressives
[50:57] Recommended: The Bear on Hulu, Official Secrets on Netflix
Sponsored Links:
https://BlackjackApprenticeship.com
Sites Referenced:
Vice episode https://youtu.be/PsZpnoELOus
Bill Benter's 1994 paper:
https://www.gwern.net/docs/statistics/decision/1994-benter.pdf
Bloomberg article:
Recommended:
"The Bear" https://Hulu.com/series/the-bear
"Official Secrets" https://Netflix.com/title/81052553
Thursday, August 4, 2022
Our guest this week is tax expert Russell Fox on to talk about tax stuff for gamblers. He provided updates for the latest edition of Tax Help For Gamblers
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.
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https://www.spreaker.com/user/7418966/rfox08022022
Click to listen. Alt click to download
Show Notes
[00:00] Introduction of Russel Fox from Clayton Tax Services
[00:37] Tax implications of sports betting in different states
[03:14] Splitting a large DFS jackpot
[04:17] Reporting recreational horse player income
[07:40] Shared sports betting at online sites
[08:47] FBAR
[11:13] Crypto and FBAR
[12:15] RV expenses
[14:46] Paypal reporting transactions, 1099-K
[17:08] Group slot pulls
[20:03] W-2 G from a Native American casino
[23:23] Gambling partnerships
[25:22] Cherokee North Carolina winnings
[27:08] https://SouthPointCasino.com
[28:00] https://BlackjackApprenticeship.com
[28:31] https://VideoPoker.com/gwae
[29:21] Withholding SSN on W-2 G
[31:40] Tax liability for WSOP Main Event
[34:54] Deducting gambling losses
[36:29] Filing as a professional for part of the year
[37:15] S-corp for professional gamblers
[42:12] Frequently overlooked tax deductions
[43:15] Constructive receipt
[45:00] Taxes and beard accounts
[49:56] Recommended: Blood and Treasure by Bob Drury and Tom Clavin, Something Missing by Matthew Dicks, For Good and Evil by Charles Adams
Sponsored Links:
https://BlackjackApprenticeship.com
Guest Links:
Tax Help For Gamblers - https://amzn.to/3P1sSEM
Recommended:
Blood and Treasure by Bob Drury and Tom Clavin - https://amzn.to/3zWFkkA
Something Missing by Matthew Dicks - https://amzn.to/3P1cjsv
For Good and Evil by Charles Adams - https://amzn.to/3zTV5Jc
Thursday, July 28, 2022
Gambling With an Edge - mail bag 7/28/2022
No guest this week as we answer questions from our mail bag.
Thursday, July 21, 2022
Gambling With an Edge - guest Norman Zadeh
Our guest this week is Norman Zadeh. Norman is a former mathematics professor, and longtime gambler. He wrote one of the first math based poker books back in 1974. He has been a winning gambler at backgammon, poker, and sports betting.
[00:00] Introduction of Norman Zadeh
[00:39] Norman’s gambling background, poker, backgammon
[04:41] Writing a poker book
[07:15] Does Norman still play backgammon?
[08:48] Superstition, cosmic unconsciousness
[11:35] Sports betting, handicapping
[13:49] Modeling baseball
[16:46] Handicapping basketball
[20:13] Investing, trading in the stock markets
[21:35] Opportunities to make money with math
[23:58] Writing software, writing songs
[26:11] Analyzing backgammon in the 1970s, brute force, XG
[31:40] Kyle Larsen story
[33:00] Investing versus betting
[37:44] https://SouthPointCasino.com
[38:32] https://BlackjackApprenticeship.com
[39:01] https://VideoPoker.com/gwae
[39:55] Norman’s books
[42:39] Norman’s investing competition
[51:20] Recommended: The Master Mechanic by I.G. Broat, Risk of Ruin Podcast episode “The Audacity of Help” education in math or computer science
Sponsored Links:
https://BlackjackApprenticeship.com
Guest Links:
https://Financial-competitions.com
Books by Norman Zadeh - https://amzn.to/3oD52o5
Recommended:
The Master Mechanic by I.G. Broat - https://amzn.to/3PvKh98
https://Podcasts.apple.com/us/podcast/risk-of-ruin/id1527018692
Thursday, July 14, 2022
Gambling With an Edge - guest Will
Our guest this week is Will. Will started out as a card counter, moved on to other forms of AP, and then moved into DFS and sports betting.
[00:00] Introduction of advantage player, Will
[01:07] Will's gambling background
[03:59] Early bet spreads and late night minimums
[04:54] Getting deterred by early losses, blackjack forums, finding a team
[10:17] Trying to return to the team after a 100-hour losing streak, learning new system, retesting
[12:27] Playing with Darryl Purpose
[14:59] Moving to Las Vegas, finding games in the U.S.
[21:48] Hole-carding
[22:48] Getting backed-off, barred, etc
[28:37] Differences in advantage play between the U.S. and U.K.
[31:42] Card counting rules in London clubs
[33:03] Commercial break
[35:24] Will's career since 2015
[38:41] Computer programming
[41:28] Weak DFS markets
[44:18] DFS pools versus head-to-head
[46:28] DFS mindset versus AP mindset
[50:15] Atlantic City friendly kidnapping story
[57:45] Recommended: Laos Asia Market, Death on the Nile, Other Ship app
Sponsored Links:
http://BlackjackApprenticeship.com
Recommended:
Laos Asia Market https://www.yelp.com/biz/laos-asia-market-las-vegas?start=40
Thursday, July 7, 2022
Gambling With an Edge - guest Adam Bjorn
Our guest this week is Adam Bjorn. Adam has worked both sides of the counter for over 30 years, He is both a professional bettor, and a bookmaker, and now is working for a software company aimed at giving bookmakers bettor tools for servicing their customers.
Show Notes
Thursday, June 30, 2022
Gambling With an Edge - guest Houston Curtis
Our guest this week is Houston Curtis. Houston is a sleight of hand expert, and executive producer of the live streaming poker show "Live At The Bike." We talk about some of the recent poker cheating scandals and what you can do to protect yourself. He is also the author of Billion Dollar Hollywood Heist, and his experiences playing in "Molly's Game."
https://www.spreaker.com/user/7418966/houstoncurtis2
Click to listen - Alt click to download
Show Notes
[00:00] Introduction of Houston Curtis, sleight of hand and game protection expert
[00:41] GWAE is changing podcast platforms
[02:23] Live at The Bike
[07:45] Limon
[08:46] Cheating in card games
[13:28] RFID, hole cards, Mike Postel, home games
[20:09] Shufflemaster vulnerabilities in Texas
[27:47] South Point Casino July Promotions - $25k and $1k-$2.5k casino wide progressives
[28:33] http://BlackjackApprenticeship.com - blackjack training site with analytical software, training guides, members forum, and chat room
[29:04] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[30:40] Houston's video content
[34:24] Using cheating knowledge to protect games versus to cheat games
[35:34] Responses to cheating and proactive measures like limiting dirty money, social media
[39:18] Selecting players for Live at the Bike
[43:59] Producing 1,000 hours of content per year
[44:58] Houston's upcoming book, Million Dollar Mechanics, to be published by The Huntington Press
[47:13] Steve Forte
[52:09] Recommended - The Old Man on FX and Hulu, How to Tell a Story audiobook by The Moth, Live at The Bike
Sponsored Links:
http://BlackjackApprenticeship.com
Guest Links:
http://Twitter.com/houston_curtis
Billion Dollar Hollywood Heist https://amzn.to/3AlyhT4
Recommended:
http://Fxnetworks.com/shows/the-old-man
How to Tell a Story by The Moth https://amzn.to/3xVGBX2
Thursday, June 23, 2022
Gambling With an Edge - guest Anthony Curtis 6/23/2022
Our guest this week is Anthony Curtis. We talk about what's new in Las Vegas, and upcoming books from Huntington Press.
Show Notes
Thursday, June 16, 2022
Gambling With an Edge - mail bag 6/16/2022
Show Notes
Thursday, June 9, 2022
Gambling With an Edge - Fats part 2
Our guest this week is a return visit from professional sports bettor, Fats.
Show Notes
Thursday, June 2, 2022
Gambling With an Edge - professional sports bettor, Fats
Our guest this week is professional sports bettor known as Fats. Fats has been at it over 30 years, and has worked with the best of the best, as well as running his own crew. The man can tell a story.
Show Notes
[00:00] Introduction of sports bettor, Fats
[00:50] Fats' Twitter, Twitter.com/real_fats
[04:52] Fats' introduction to sports betting
[06:01] Getting backed off from betting
[08:15] Betting with "The Businessman"
[11:17] Fats' math background
[12:51] Betting baseball
[17:07] Does Fats originate bets?
[27:00] Top down versus chasing steam
[29:09] South Point Casino June Promotions - $600k Spin to Win
[30:46] http://BlackjackApprenticeship.com - blackjack training site with analytical software, training guides, members forum, and chat room
[31:17] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[32:07] Working with Billy Walters
[32:51] Interviewing and hiring runners
[39:01] Stories about runners stealing
[48:37] Playing backgammon in Las Vegas and Costa Rica
[56:06] Recommended: Turning Work into Play episode of Freakonomics, Never by Ken Follett, We Were Wise Guys and Didn't Know It by Scott Schettler
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Links Referenced:
http://Anchor.fm/bebetterbettors/episodes/Fats-Interview-erbs9k
Recommended:
http://Freakonomics.com/podcast/turning-work-into-play
Never by Ken Follett - https://amzn.to/3PS9ifP
Thursday, May 26, 2022
Gambling With an Edge - mail bag 5/26/2022
No guest this week as we answer questions from our mail bag.
Thursday, May 19, 2022
Gambling With an Edge - guest Elihu Feustel
Our guest this week is Elihu Feustel. Elihu is a professional bettor that has also worked the other side of the counter so he brings a unique perspective to his betting.
Thursday, May 12, 2022
Gambling With an Edge - guest Poker pro, Chance Kornuth
Our guest this week is Chance Kornuth. Chance is a poker player and founder of Chip Leader Coaching. He has over $10 million in career earnings,
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Show Notes
Thursday, May 5, 2022
Gambling With an Edge - guest legendary bookmaker Scotty Schettler
Our guest this week is legendary bookmaker Scotty Schettler. Scotty started in Las Vegas at the old Churchill Downs sports book, and eventually moved to take over the Stardust after the mob was thrown out. He's written a memoir entitled, "We Were Wiseguys and Didn't Know It."
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