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AxelWolf
AxelWolf
Joined: Oct 10, 2012
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November 1st, 2017 at 12:51:46 PM permalink
https://www.reviewjournal.com/crime/alleged-casino-conman-arrested-in-las-vegas/

It's worth reading again, even if you have already read it.
♪♪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♪♪
gamerfreak
gamerfreak
Joined: Dec 28, 2014
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November 1st, 2017 at 12:57:14 PM permalink
Quote: AxelWolf

https://www.reviewjournal.com/crime/alleged-casino-conman-arrested-in-las-vegas/

It's worth reading again, even if you have already read it.


Looks like he got arrested for taking investment money and not investing it in anything rather than system selling.
DrawingDead
DrawingDead
Joined: Jun 13, 2014
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November 1st, 2017 at 12:58:02 PM permalink
Quote: Zcore13

So then I guess you'll take my experience and history in the business. Dealers care about nothing except keeping their job and making tips. They are the last people you want to trust for solid play advice, trends or math...<SNIP>

This.

And sometimes gambling away those tips, at amazing speed, as soon as they can get out of the box to go do so. They are hired as blue-collar workers performing repetitive tasks, on a money assembly line. At least around Las Vegas it is a running joke (that isn't really joking) that dealers are their own most degenerate customers. In the same way that many alcoholics tend to gravitate to working in the bar business. The most profitable poker tables in town are often tables of off-duty dealers cluelessly throwing away their tokes at amazing speed. I can think of some notable exceptions, but hearing what passes for thoughts on odds and outs and hand ranges and what they sincerely consider "strategy" is often hilarious.

Some of the sharpest among them know that they are clueless about playing the games they deal.
"I'm against stuff like crack and math" --AxelWolf
WatchMeWin
WatchMeWin
Joined: May 20, 2011
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November 1st, 2017 at 2:04:01 PM permalink
Wow! How stupid can one be to hand money over to that guy! That is a crime in itself. What idiots! And that George guy is no different than Trump with his schemes period. Trump University ring a bell?
'Winners hit n run... Losers stick around'
WatchMeWin
WatchMeWin
Joined: May 20, 2011
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November 2nd, 2017 at 11:56:25 AM permalink
Quote: AxelWolf

https://www.reviewjournal.com/crime/alleged-casino-conman-arrested-in-las-vegas/

It's worth reading again, even if you have already read it.



Im not advocating , by any means, what that guy did.... but it is not too different from what these other shysters are trying to due with 'alternative asset class' hedge funds. Sports betting hedge fund.... lol If there are willing people to hand over their money to people that say they can make them rich quick... then they are partly to blame. People need to take accountability of their own lives and finances.. and due their due diligence. Of course , not everyone is a sophisticated investor... but Come On Man! I would never even hand my money over to stock brokers, many of whom dont even know how to calculate market capitalization of a publicly traded company.

Here is the article.. https://www.economist.com/news/finance-and-economics/21726699-it-really-recession-proof-hedge-funds-try-promote-sports-betting-asset

If there are suckers willing to put their money into this fund... then I would consider creating a tables game fund! lol
'Winners hit n run... Losers stick around'
WatchMeWin
WatchMeWin
Joined: May 20, 2011
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November 10th, 2017 at 6:32:40 AM permalink
Here is a losing session post. The reason is simply because I lost discipline for a minute. It is the most difficult thing to master in gambling. I rolled up to the craps table this morning. I made my quota for the session real quick. I was up 50% of my stack. I typically hit n run and walk out the door, but this morning, I started to think about what some members of the board said about me being lucky for the past 10 years and perhaps I should stay on shooters for more than my quick hits....and I had visions of a big hit for the first time in 10 years.

Well, that didnt work out to well. After being up my 50% and not walking away, I proceeded to ride it. I crapped out soon after and now found myself down 20%. I was upset with myself for not being disciplined and I decided not to try and get back to even. At this point I knew the energy had shifted and there was nothing good that would come out of sticking around. I walked out with a minor L. Knowing when to say when, both in the W and L scenario, is important. I will be back later today to recoup.
'Winners hit n run... Losers stick around'
sabre
sabre
Joined: Aug 16, 2010
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November 10th, 2017 at 12:27:06 PM permalink
Quote: WatchMeWin

Here is a losing session post. The reason is simply because I lost discipline for a minute.



Nope, that's not why.
WatchMeWin
WatchMeWin
Joined: May 20, 2011
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November 10th, 2017 at 2:47:44 PM permalink
Quote: sabre

Nope, that's not why.



Just got it all back plus another 150% of my stack. Beautiful day.... Played it perfectly this afternoon! Oh yea, and Yes, it was.
'Winners hit n run... Losers stick around'
Chigu
Chigu
Joined: Feb 13, 2019
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February 13th, 2019 at 2:26:31 PM permalink
Sorry to revive an old thread here, but I really disagree. The 'short game' is the only way to consistently win (and yes you can consistently win). Let's look at the math, there is more ways to roll a 7 then ANY other number, so when comparing one place bet number vs the 7 that would then be a losing proposition. However if there is a 6/36 chance of rolling a 7, there is a 24/36 chance of rolling either a 4,5,6,8,9 or 10 (6 ways to roll the 1,2,11,12). Therefore you have a 66% chance of hitting those numbers instead of the 7. Also mathematically (and in real life) the 7 will show up on average once every 6 rolls. You can consistently win by taking 2 hits and then turning your bets off (or pulling down).

Also any house edge can be reduced by doing a bit of progressive betting and setting a stop/loss. For example if you place 32 across, you have a 66% chance of hitting a score number instead of the 7 and non-score numbers (1,2,11,12). Take 2 hits and then pull the bet down. If the shooter 7's out on the first throw after the point, it would take almost 5 throws (therefore 2.5 players) to get your money back. What you can do is increase the next bet to $64 across and that way you can get your loss back in less than 3 rolls (and make a bit of profit). You can definitely win consistently if you do the following

1) be disciplined with the 2 hits and out
2) not be afraid to increase bet after not making it to 2 hits
3) Set a stop loss

I have tried this strategy out over the last 2 weeks and here are the results (Keep in mind I did get greedy a couple of times and went for 3-4 hits, and it didn't work out for me)

$25, $50. $32, $42, $70, $49, $21, $-100 (stop loss), $81 = $270 profit. I have had 8/9 winning sessions.

Yes the sample size is small, and it should be noted that the loss occurred at a casino I just tried out for the first time. I have yet to lose using this strategy at the casino and craps table I normally frequent. Yes I do believe in dice control. I see the regulars every morning when I stop off on the way to work to throw a couple. It is always the usual suspects that throw into the teens at least (me included). They are all dice setters.
sabre
sabre
Joined: Aug 16, 2010
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Thanks for this post from:
OnceDearMintyHunterhillJoeman
February 13th, 2019 at 2:28:48 PM permalink
Quote: Chigu


Also any house edge can be reduced by doing a bit of progressive betting and setting a stop/loss.



No it can't.

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