If you found a real gambling edge...

Okay, so perhaps someone has noticed that one machine is too close to the exhaust vent and its RNG chip over heats or something. No one would open his yap about it, I hope. Unless he really needed to borrow some quarters in order to exploit it. There was a time when one refurbished machine had a dollar bill slot that gave double credits. That machine became popular but clearly it could become popular only if people talked about it. It didn't last long though.

Its like the tip on a horse. If you have a tip on a horse you don't have to give much in the way of details, but if you are tapped out and have approached your laundryman for a loan, you will have to give a bit more than just the race number and horse's name in order to get the loan. Either way, you know the laundryman will be betting that horse and whittling down the odds a bit.

The wise person will Look Out For Number One and keep his yap shut. The more gossipy person will tell everyone in sight. Most people will fall somewhere in between depending upon their nature and their alcohol status at the time. Any such edge is likely to be slight and also likely to be non existent. If certainty and magnitude have increased, then only open your yap about it if you need bankrolling to exploit it.

Quote: MathExtremist

Ouch. :)

I don't recall ever pestering Jerry for his edge, but that's because he never suggested he had one. He was just playing a progression on admittedly -EV video poker games.

Well, he did not say he had an "edge" per se, just "a way to win consistently" ... I guess, that's a big difference :)

I was thinking more about Singer, than JL at the moment, your attempts to debate with him publicly, and his claims, that he won't give any details publicly, but anyone is welcome to come to Vegas and see him play, and make his fortune.

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I think the true system hucksters are more dangerous to the unwary and greedy gambler -- the sellers who say they have the edge but won't tell you why or how unless you pay for their magic casino-beating system. I haven't researched it, but there are probably several states with consumer protection laws strong enough to make it an offense to sell a betting system which is demonstrably ineffective.

I actually think, a defrauded buyer can recover in any state, under the "unfit for the primary purpose" clause.
However, technically, this is usually next to impossible, as the seller is usually in another jurisdiction, if you even know his real name and location at all, and the amount of money in question is just not significant enough to pursue.
Besides, if a guy was stupid enough to pay for it in the first place ...

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As for MarieBicurie's edge, I'm always curious about the advantages which exist in casinos for truly smart players. Especially if they're on games not played with cards.

Yes, I am curious too. Even without that "played with cards" exception :)

But the reality is, that most of people, who claim they have advantage, actually do not. They say they do because either they are just not very smart and genuinely think they do, or because they just want a little attention.
That is why, whenever somebody says "I have an advantage, but I won't give you the details.", Rob Singer et. all comes to mind immediately.
I fully understand not wanting to share the details publicly - it is not easy, and may be harmful to the edge itself sometimes. But, if you do not plan on sharing the details, why bother to even mention it publicly at all? What could possibly be the motive for that?

I would tell everyone.......instead of exploiting it myself, I would rather make less money selling DVD's and holding seminars on how to exploit the "weakness".....I mean, why make more money exploiting it yourself?...It makes more sense to me to make less money and to share it with everyone else..........Oh wait....... dice setting coaches already do this......LMAO what a scam!

Quote: weaselman

Well, he did not say he had an "edge" per se, just "a way to win consistently" ... I guess, that's a big difference :)

I was thinking more about Singer, than JL at the moment, your attempts to debate with him publicly, and his claims, that he won't give any details publicly, but anyone is welcome to come to Vegas and see him play, and make his fortune.

Singer's issue was less about claiming he had an edge, which I'm not sure he actually said, and more about claiming how there was a vast conspiracy to rig (ahem, "intentionally program to behave non-randomly") all video poker machines. That was the point which, when push came to shove, he was unable/unwilling to demonstrate.

Winning consistently at VP isn't that hard, especially if you use a negative progression and switch denominations all the time. That just means you've changed the shape of the distribution and made small frequent wins more likely than large infrequent losses. It doesn't mean you've changed the expected value of that distribution at all. I personally know a VP player who is far luckier than Singer ever claimed to be, but he admits it's all luck; he's not out selling books on how to beat VP by changing your bets.

At any rate, I understand the parallel you're drawing. And I'm not sure why MarieBicurie would mention having an edge publicly but not be willing to have further (public) discussion. That's a question for him (her?).

Quote: weaselman

I fully understand not wanting to share the details publicly - it is not easy, and may be harmful to the edge itself sometimes. But, if you do not plan on sharing the details, why bother to even mention it publicly at all? What could possibly be the motive for that?

Maybe you should direct that question the the OP and ask why he'd start a thread on the subject. I was just answering him.

Quote: vert1276

I would tell everyone.......instead of exploiting it myself, I would rather make less money selling DVD's and holding seminars on how to exploit the "weakness".....I mean, why make more money exploiting it yourself?...It makes more sense to me to make less money and to share it with everyone else..........Oh wait....... dice setting coaches already do this......LMAO what a scam!

I agree the overwhelming majority of dice influencers are scammers. However, I will remain open-minded about the practice, as theoretically, if you could perform a throw that would hit the wall in the exact same way with some degree of consistency, it would have to make a difference. I'm not sure if a human being is capable of this accuracy and precision with dice, but like I said I'll remain open-minded.

That said, the problem here and the reason these scam artists can make their money is that in most cases casino management play into the paranoia. If a con-artist says he can influence dice, takes his mark(s) to the casino and takes forever to throw the dice, he will probably get warned or even have the dice taken from him. That will only play up his story that what he is going works, and get the marks to pay out of their nose for information.