aceofspades
aceofspades
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January 22nd, 2014 at 11:21:35 AM permalink
Should be dated May, 2011
sodawater
sodawater
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January 22nd, 2014 at 12:38:37 PM permalink
Breaking: Pope Catholic.
beachbumbabs
beachbumbabs
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January 22nd, 2014 at 12:51:59 PM permalink
So, unless I'm missing something, after setting up good rules, this guy claims his strategy is "distract the dealer into making mistakes"?

Really? If that much money is on the table, isn't there usually a crowd watching the action from both sides of the table?

You guys who play professionally or high stakes, what did you think of this video, please?
If the House lost every hand, they wouldn't deal the game.
dwheatley
dwheatley
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January 22nd, 2014 at 12:56:40 PM permalink
If that's what you got from the video (which I didn't watch), then it was misleading. Don Johnson won money through loss rebates, with a little help from negotiated good rules. He exploited the loss rebates, took big 'risks', and got lucky. It was a great +EV play for someone who already has lots of money.

The math of what he did:
http://apheat.net/2013/04/01/beating-loss-rebate-programs-the-biggest-advantage-play/

There are well written articles about him out there, but I can't find any.
Wisdom is the quality that keeps you out of situations where you would otherwise need it
1BB
1BB
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January 22nd, 2014 at 12:57:45 PM permalink
There are at least 15 threads here that discuss Don Johnson. They are from two years ago or longer.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
aceofspades
aceofspades
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January 22nd, 2014 at 1:03:48 PM permalink
Quote: sodawater

Breaking: Pope Catholic.



Great investigative journalism!
Buzzard
Buzzard
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January 22nd, 2014 at 1:19:47 PM permalink
Then how come he missed that the pope is gay ?
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Kickass
Kickass
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January 22nd, 2014 at 1:45:49 PM permalink
There is a great fluctuation in the Blackjack game. I am a recreational/part-time counter and I had seven months of losing streaks in 2013 playing with slightly less than 1% edge. Luckily, I still could make some profits by the end of 2013. They made a big deal about DJ winning 15 Mil. but there are many whales losing much bigger than that without any reports. I think the casinos just want to use it as a selling point. Similarly, the casinos pretend to be afraid of the counters. But in fact they love the counters because most of them either don't have the skills or are inexperienced.
Leave Katie alone. Rasul: Or what? Or I come back and break your F** legs
AxiomOfChoice
AxiomOfChoice
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January 22nd, 2014 at 1:54:55 PM permalink
Quote: Kickass

There is a great fluctuation in the Blackjack game. I am a recreational/part-time counter and I had seven months of losing streaks in 2013 playing with slightly less than 1% edge. Luckily, I still could make some profits by the end of 2013. They made a big deal about DJ winning 15 Mil. but there are many whales losing much bigger than that without any reports. I think the casinos just want to use it as a selling point. Similarly, the casinos pretend to be afraid of the counters. But in fact they love the counters because most of them either don't have the skills or are inexperienced.



Fluctuation is a good thing for taking advantage of loss rebates!
Transcend
Transcend
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January 22nd, 2014 at 3:29:18 PM permalink
Are loss rebates only for whales? Do casinos sometimes offer them to non high rollers?
Part of it went on gambling, and part of it went on women. The rest I spent foolishly. -George Raft
AxiomOfChoice
AxiomOfChoice
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January 22nd, 2014 at 3:38:31 PM permalink
Quote: Transcend

Are loss rebates only for whales? Do casinos sometimes offer them to non high rollers?



There are apparently promotions sometimes. Like the (in)famous Revel one. Or that $100 thing at Cosmo. I remember Palms had something for new members (not sure if they do)

Speaking of the $100 thing at Cosmo, are the losses for machines only, or table games too? It's not really worth a special trip there for it, but, hey, a hundred bucks is a hundred bucks if I happen to be in the area. If I can make a $100 drive-by bet and get it back in freeplay if I lose it... seems like a good plan to me!

I don't think that they are going to give you a personalized one unless you are gambling with a 7-figure bankroll though. Let's face it, if you are betting thousands per hand, they can afford a lower house edge than if you are betting red chips!
ewjones080
ewjones080
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January 22nd, 2014 at 4:37:18 PM permalink
Quote: Transcend

Are loss rebates only for whales? Do casinos sometimes offer them to non high rollers?



Yeah..they're called comps.
Transcend
Transcend
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January 22nd, 2014 at 5:12:19 PM permalink
Quote: ewjones080

Yeah..they're called comps.



Pretty sure there is a difference
Part of it went on gambling, and part of it went on women. The rest I spent foolishly. -George Raft
AxiomOfChoice
AxiomOfChoice
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January 22nd, 2014 at 5:22:14 PM permalink
Quote: Transcend

Pretty sure there is a difference



In particular, comps are based on your action, while loss rebates are based on your losses. BIG difference, especially if the loss rebate program is not well-designed, since variance matters for these.
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