kratchik
kratchik
Joined: Feb 12, 2017
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February 16th, 2017 at 12:07:42 PM permalink
Joeman: Yes, state lotteries have very poor odds. I found that using two of Dr. Bluskov's wheels in actual state lotteries could increase the player's expected return from 50% to 52%. Dr. Bluskov had not made this type of calculation himself, so I communicated my results to him and he was glad to receive them. He did not repeat my calculations so it is possible that I was in error.

Despite having a Ph. D. in mathematics, he plays the lottery himself. That is because he won a state lottery while a student in Bulgaria. I think it spurred his interest in mathematics and got him where is today: a professor of mathematics at the University of Vancouver and one of the world's experts in combinatorial theory.

A few years ago I delved into lottery theory and it resulted in a book "A Players' Guide to Lotto Strategies" in which I attempt to debunk nearly all of the literature on the subject. Dr. Bluskov's work was the only one I considered to have the slightest bit of value, but using his methods still falls far short of making a state lottery a favorable game.
Last edited by: kratchik on Feb 16, 2017
slackyhacky
slackyhacky
Joined: Jan 18, 2012
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April 5th, 2017 at 2:08:23 AM permalink
Interesting read.

However, any document without a date is completely worthless. Who does that anyway?
troopscott
troopscott
Joined: Apr 3, 2017
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April 5th, 2017 at 5:48:45 AM permalink
There was a similar thing that happened in Louisiana I believe but could have been another state and a guy racked up 600k in markers at the horse races and casino over a 2-3 day period. Was from Florida if I remember right. Don't remember all the details but he filed bankruptcy immediately after and the markers were discharged via bankruptcy. If I recall correctly they had a 10-15 day grace period to repay them back and filed for bankruptcy almost immediately before the payback time.

I am not condoning it or saying to do it but it is the one case I know someone was able to skate on markers and it went to the 9th circuit court of appeals where the casino/track lost because it was a debt because they did a credit check etc. Was a retired guy, lived in a multimillion dollar home (which is safe in Florida from bankruptcy) as is retirement income which is why OJ moved to Florida and was able to collect his pension.
odiousgambit
odiousgambit
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April 5th, 2017 at 6:02:33 AM permalink
Quote: troopscott

... a guy racked up 600k in markers...he filed bankruptcy immediately... they did a credit check etc.



that was some kind of crappy credit check!

casinos generally seem to just check with your bank, not even a soft probe with the credit bureaus - my look into this sort of thing incomplete. I can say for sure sometimes they only check with your bank. But even that would suggest that fraud was involved in getting a huge amount approved for casino credit. Somebody at the bank would have to lie and say the accounts have a lot in them at all times, millions for that kind of approval, yet to go bankrupt, well, the guy had to be broke. And for that large approval, surely it occurs to somebody to do more than just check with a bank.

I can see it happening, but not for that kind of money, unless there was fraud and then the courts wouldnt give the guy a pass.
"We thank with brief thanksgiving Whatever gods may be That no man lives forever, That dead men rise up never" And no gambler sees the long run ........apologies to Swinburne for that last line
gamerfreak
gamerfreak
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April 5th, 2017 at 6:25:47 AM permalink
I always thought casino credit was for higher rollers, who have the cash to back up the loan, to access money quickly at the casino and not travel with piles of cash.

Either way, while there is no debtors prison, taking out a gambling loan with no intention to repay is considered fraud and prosecutable in most states.
odiousgambit
odiousgambit
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April 5th, 2017 at 6:55:24 AM permalink
Quote: gamerfreak

I always thought casino credit was for higher rollers, who have the cash to back up the loan, to access money quickly at the casino and not travel with piles of cash.

Either way, while there is no debtors prison, taking out a gambling loan with no intention to repay is considered fraud and prosecutable in most states.




medium to high rollers maybe? Those who bring $200 probably just always will bring that in the wallet.

from what I can glean, some states offer more protection to casinos than others; Nevada casinos of course have it made.
"We thank with brief thanksgiving Whatever gods may be That no man lives forever, That dead men rise up never" And no gambler sees the long run ........apologies to Swinburne for that last line
troopscott
troopscott
Joined: Apr 3, 2017
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April 5th, 2017 at 8:07:21 AM permalink
Details are fuzzy to me but seems like his income was high from the retirement accounts etc I remember the retirement income having something to do with it and they could not take his house much like Ron Goldmans family could not touch OJ house and NFL retirement because it was in Florida. I will google around and see if I can find the case
billryan
billryan
Joined: Nov 2, 2009
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April 5th, 2017 at 12:42:20 PM permalink
As it was explained to me, a marker is not considered a gambling debt.
It's a personal check . Writing a bad check can be a felony, depending on the amount.
AxelWolf
AxelWolf
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April 11th, 2017 at 7:35:06 PM permalink
Quote: billryan

As it was explained to me, a marker is not considered a gambling debt.
It's a personal check . Writing a bad check can be a felony, depending on the amount.

Does that vary from State to state? Indian joints?

It's still not a betting system, it's a method.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
RougeAndNoire
RougeAndNoire
Joined: May 20, 2017
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May 20th, 2017 at 4:12:29 PM permalink
Hi Dear MichaelBluejay,

Current yet?

Thank you, RougeAndNoire

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