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28 members have voted
Card counting alone is a bit like pushing a car around in neutral and then hopping in to coast down the hills. Eventually, you're going to run into some very steep hills that you can push back up. If you're bankroll is only 20k then you could easily starve. Many people encounter some positive variance and then falsely believe that they have conquered the game.
And it doesn't take a $20K bankroll to make $10-$15 an hour.
How much would you say it takes? I figure, you are, probably, playing around 50 hands per hour, with about 1% advantage. To make $15, your average bet needs to be about $30. The max would be, at least $200. I would think 100x max bet is a reasonable estimate for the total bankroll. You don't really want to be betting much more than 1% of your total funds, unless you don't really mind losing it all all that much.
(They changed the wording in the movie.)
Inevitably, they encounter a long losing run, and begin creating conspiracy claims about how the automated shuffle machines are somehow countering them.
The pit bosses seem paranoid like it works. Whenever I bet high the dealer says "check". Is this surveillance?
Just saw this question. When a dealer calls check or "black action" it probably means nothing. They are just instructed to let the floor know when there is action at a certain level(usually black chips in a lower limit pit). However it depends a lot on where you play i.e. is it a low roller local joint that sweats green chips....or a major property? Also how you spread your bets and when matters a lot....are you going from a $10 bet to $200....or a more reasonable $25 to say $100-150...the bigger the spread the more likely you are to see heat.
Yes, the casinos.Quote: jjjoooggg
Has anyone here successfully made money counting over the long term?
They make money on people who only think they can count. They make money on people who can and do count, they even make money on those who can and do count very well. Its a slim edge and requires luck anyway. Remember the MIT team went first to Foxwoods to practice ... and lost their shirts despite the same excellent counting skills that were later a success in Vegas. Lady Variance can still frown on Counters.
While there are some people in the industry that look down on counters (to put it politely) I consider it a game of cat and mouse and hold no animosity towards them. We're just trying to do the same thing (earn money) from opposite sides of the felt. Their job is to find the edge, my job is to protect the edge.