Wizard
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January 8th, 2013 at 8:10:12 PM permalink
On the Jan 17 Gambling with an Edge show our guest will be our own Teddys. For those of you who make be asking "why?," let me tell you. Teddy not only is a great guy but a two-time Jeopardy winner (correct me if I'm wrong) and an expert on living in Vegas for free (or nearly free). As I understand it, Teddy has been living from one hotel to another for about four months now. He has never paid for a single hotel room or meal since he moved here around September, except for one. That one meal was when HotBlonde asked him to take her to the Heart Attack Grill after the weigh-in.

So, we'll be talking about low-level comp hustling for sure, but are there any specific questions you'd like Bob and I to ask Teddy?
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
strictlyAP
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January 8th, 2013 at 8:14:23 PM permalink
ask him how long he thinks he can keep the hotel streak going- and are they low level dives or normal properties
The bet will not be paid- not now not ever
Buzzard
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January 8th, 2013 at 8:18:19 PM permalink
Ask him if he is still mad I would not let him sleep on the my couch. No my fault he assumed I had a couch at the time !
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
GH
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January 8th, 2013 at 8:19:34 PM permalink
Which one flunked the weigh in? Big gurls are my weakness :)
EvenBob
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January 8th, 2013 at 8:21:03 PM permalink
Quote: Wizard



So, we'll be talking about low-level comp hustling for sure, but are there any specific questions you'd like Bob and I to ask Teddy?



Ask him if its nerve wracking to live like that,
not knowing where you'll be next week. I
would hate it.
"It's not called gambling if the math is on your side."
sodawater
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January 8th, 2013 at 8:26:56 PM permalink
Please ask him to rate how yummy his meal with HotBlonde was on a scale from 1 to super yummy
EvenBob
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January 8th, 2013 at 8:28:06 PM permalink
Quote: sodawater

Please ask him to rate how yummy his meal with HotBlonde was on a scale from 1 to super yummy



Gag me with a plastic spoon...
"It's not called gambling if the math is on your side."
DJTeddyBear
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January 8th, 2013 at 8:30:12 PM permalink
Obvious question:

Just how much gambling does he do to maintain that sort of comp level, and how is his bankroll doing?




Not so obvious:

Does he worry that going public on your radio show will be the end of his gravy train, or is he going to use an alias on the show?
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
rainman
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January 8th, 2013 at 8:40:34 PM permalink
What games does he play the most? And is his choice of games driven by comps?
MrV
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January 8th, 2013 at 8:59:12 PM permalink
What casinos does he find comp the best?

Did HB pocket the tip after dinner?
"What, me worry?"
RogerKint
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January 8th, 2013 at 9:02:01 PM permalink
Super humble but has the balls to go on Jeopardy and dominate. Disciplined "Low-level comp hustler" yet uses these comps on random acts of kindness for strangers and friends alike (hope he doesn't mind me saying so). Teddys is a true one of a kind! Can't wait for the program.
100% risk of ruin
Mooseton
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January 8th, 2013 at 9:15:11 PM permalink
Does he gamble with an edge? Is he ahead?
$1700, 18, 19, 1920, 40, 60,... :/ Thx 'Do it again'. I'll try
Ibeatyouraces
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January 8th, 2013 at 9:20:08 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
tupp
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January 8th, 2013 at 9:50:32 PM permalink
I will definitely give this show a listen, as what Teddys has done (is doing) is remarkable. Promises to be a fascinating interview.

I have only seen him play craps. If that is all he plays, it would be interesting to know why someone with such an active and capable mind would choose a "no skill" game over another in which he could utilize his mental power (such as counting card games, or poker, or sports betting, etc.).
FleaStiff
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January 8th, 2013 at 10:31:16 PM permalink
Low level poker comps are an unenviable lifestyle of constant moves, laundramats, low hands, travel by bus, etc.

Atleast a casino game makes the casino think you are going to be of some value to them, rather than other poker players.

Does the daily grind extend beyond normal hours? Is Teddy also employed at this time but merely avoiding a hotel bill?
tringlomane
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January 8th, 2013 at 10:58:06 PM permalink
Quote: FleaStiff

Low level poker comps are an unenviable lifestyle of constant moves, laundramats, low hands, travel by bus, etc.



LOL...yeah, you earn the casino ~$10/hr on average and they usually give you $1/hr in comps directly on your card to start with. There's not much else to give live poker players. But it's funny to read many clueless internet poker wizards on 2+2 who totally overvalue their worth to a casino.
Ahigh
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January 8th, 2013 at 11:02:34 PM permalink
Let's hear it for our own. It's hard work gambling with such a high frequency I can tell you. But what an adventure.
aahigh.com
bigfoot66
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January 8th, 2013 at 11:22:11 PM permalink
Is he sick if hotel food and ready for home cooking? Has he put on weight because of an RFB diet? Where does he recieve mail? Does his employer know that he is technically homeless and how does the employer feel about that? Where is all his "stuff"? Surely he is not lugging it around beyond a couple suitcases...
Vote for Nobody 2020!
Wizard
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January 8th, 2013 at 11:35:13 PM permalink
Quote: bigfoot66

Is he sick if hotel food and ready for home cooking?



He seemed happy to have a home-cooked meal at my house at one point.

Quote:

Where is all his "stuff"? Surely he is not lugging it around beyond a couple suitcases...



I think he is!
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Ahigh
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January 8th, 2013 at 11:37:08 PM permalink
I happen to know he had a delicious meal for free at the Cosmopolitan's Wicked spoon this evening.

We hung out with a couple of my buds tonight and played some craps.

I won money betting tall stacks of green chips on Teddy's rolls. It was awesome!
aahigh.com
odiousgambit
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January 8th, 2013 at 11:49:42 PM permalink
What does his mother think of all this?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
whatme
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January 8th, 2013 at 11:50:18 PM permalink
I would like to ask
1) What are his fundamental rules?
2)If he had a week or so without rooms, would he stay at a hostel?
3) What's his aver win/loss per day taking into consider gambling, tips, transportation, etc.?
4) How long does he plan on staying in Vegas?
5) What's his best tip?

Teddys I wish you good variance, and take them for all you can!!!

edit 6) What size of a bankroll would you recommend someone has to do the low limit hustle?
MrV
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January 9th, 2013 at 10:30:34 AM permalink
*Update*

Ask him how he plans to continue with this lifestyle having now lost his entire bankroll at the craps table.
"What, me worry?"
EvenBob
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January 9th, 2013 at 12:48:57 PM permalink
Teddy's live appearance fee has jumped from $0 to $500
overnight.
"It's not called gambling if the math is on your side."
whatme
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January 9th, 2013 at 5:30:50 PM permalink
Quote: Wizard

So, we'll be talking about low-level comp hustling for sure, but are there any specific questions you'd like Bob and I to ask Teddy?


How is:
Quote: teddys

I am down over five figures playing craps since October 1, 2012. I have no more bankroll to speak of.


5 figures is at least $10k he's been in Vegas 4+ month, some math, $10,000 / 120days=$83.33/day. I for one say he's paid for rooms and food(not necessarily were he got comped)
Quote: teddys

typical exposure of $150-$200 per shooter.

How is that "low-level comp hustling", to each their own, but once you are talking black chip for ratings I can't see that as low-level play.

So I ask 7)what's your standard for someone to be considered a low roller?
AxiomOfChoice
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January 9th, 2013 at 6:18:19 PM permalink
Quote: whatme

How is:

5 figures is at least $10k he's been in Vegas 4+ month, some math, $10,000 / 120days=$83.33/day. I for one say he's paid for rooms and food(not necessarily were he got comped)
How is that "low-level comp hustling", to each their own, but once you are talking black chip for ratings I can't see that as low-level play.

So I ask 7)what's your standard for someone to be considered a low roller?



My understanding of his post was that most of this was by playing max odds.

My understanding is also that most places don't rate odds (although, I guess some places do... in particular, I have heard that the Cosmo does, and that does just happen to be a comp that Teddy is currently trying to sell... so I dunno if this play that cost him all this money was factored into his comps or not)
teddys
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January 9th, 2013 at 6:49:17 PM permalink
Please divorce any correlation of my craps play with my regular gambling career which I will talk about on the Wizard's show. Believe it or not, I am a low roller by nature. I hate variance.

The crap losses were just a death spiral of poor decisions that happened to take place shortly after I moved here. I'm not proud of it. But it is incidental to the play I did before that. (How do you think I got the five figures in the first place?)
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
whatme
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January 9th, 2013 at 7:12:51 PM permalink
Ok saying black chip for ratings may not be right when it comes to craps. I'm just having a problem calling someone who has $150-200 on the table low-level.

Above was written before teddys post

Thanks for the update teddys, Something along the line of poor decisions happens to all of us. It makes more sense that the craps action is an anomaly for a low-level hustler. I got stuck with the $150-200 risked and still call it low-level.

I am curious what level of play and games you play and would consider low-level?

I wish every player good variance unless I own the casino!!!
MrV
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January 9th, 2013 at 7:44:56 PM permalink
Quote: teddys

(How do you think I got the five figures in the first place?)



Well, if you're like me: WORK.

Try it.

Actually, it looks like you'll have to.

Ah, schadenfreude ...

The dream is over.
"What, me worry?"
AcesAndEights
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January 10th, 2013 at 9:50:52 AM permalink
Quote: MrV

Well, if you're like me: WORK.

Try it.

Actually, it looks like you'll have to.

Ah, schadenfreude ...

The dream is over.


If you had been following Teddy's blog, you would know that he has a full-time day job now, in Vegas.

Not that it's expected that everyone on the forum follow all of the blogs. More of just an "FYI" post for you :)
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
Buzzard
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January 10th, 2013 at 9:59:39 AM permalink
That's the problem with work. It usually involves work.
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
DJTeddyBear
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January 10th, 2013 at 10:23:36 AM permalink
Quote: AcesAndEights

If you had been following Teddy's blog, you would know that he has a full-time day job now, in Vegas.

Thanks. I hadn't seen his latest entry.

Now that I read it, I have another question:

Did your employer have any concerns since you don't have a permanent address, or with your method of finding a place to stay?
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
deedubbs
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January 10th, 2013 at 11:00:22 AM permalink
What games/hotels, if any, would he recommend to a wannabe comp hustlers who go to Vegas twice a year?
whatme
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January 10th, 2013 at 11:22:35 AM permalink
Quote: deedubbs

What games/hotels, if any, would he recommend to a wannabe comp hustlers who go to Vegas twice a year?

+1
EvenBob
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January 10th, 2013 at 4:17:02 PM permalink
I was going to listen live tonight but the plugin
won't download. Any other way to listen?

"It's not called gambling if the math is on your side."
GH
GH
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January 10th, 2013 at 5:20:54 PM permalink
Quote: EvenBob

I was going to listen live tonight but the plugin
won't download. Any other way to listen?


Try a different browser. IE works.
tringlomane
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January 10th, 2013 at 5:32:23 PM permalink
Quote: GH

IE works.



I think I would rather not bother than to start using IE again. :P
GH
GH
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January 10th, 2013 at 5:49:54 PM permalink
Quote: tringlomane

I think I would rather not bother than to start using IE again. :P


Haven't you heard? IE sucks... less.
http://www.youtube.com/watch?v=HfRbp6wiy3o
EvenBob
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January 10th, 2013 at 5:55:23 PM permalink
Quote: GH

Try a different browser. IE works.



Hey, it worked, thanks. I was using Firefox.
"It's not called gambling if the math is on your side."
sodawater
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January 10th, 2013 at 6:28:05 PM permalink
Quote: EvenBob

Hey, it worked, thanks. I was using Firefox.



what is this, 2003?
EvenBob
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January 10th, 2013 at 6:29:19 PM permalink
Quote: sodawater

what is this, 2003?



The plugin wouldn't work in Firefox at all.
It wouldn't install it, even doing it manually.
"It's not called gambling if the math is on your side."
thecesspit
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January 10th, 2013 at 6:30:13 PM permalink
Quote: sodawater

what is this, 2003?



Second most popular browser at the moment, has decent javascript rendering and less quirks than Chrome for some things.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
SOOPOO
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January 11th, 2013 at 6:21:18 AM permalink
It would not surprise me if Teddy gives up gambling after his law career is firmly established. After I took the homeless fellow out for lunch last Vegas trip, we went to the Palms where he played a positive EV VP game, as I was interested in how it really played. He had a mindless stare about him as he at lightning speed played the game, which due to positive variance double his small starting coin in. The 'up' part didn't seem to excite him at all. I also had the same feeling when he played craps, with hundreds of dollars on the table at any one time. I am sure I was more nervous for him than he was! When I mentioned to him that over the course of 5 minutes he won (or lost) more than he would make in a WEEK, I think it was enlightening to him.

The one question I have for Teddy---- How do you explain to a date, when you say 'my place or yours?', that your place is the El Cortez?

Looking forward to seeing you in March--- good luck, Teddy!
Ahigh
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January 11th, 2013 at 7:19:00 AM permalink
He's quite a character.

I have spent considerable amounts of time just trying to persuade him into having more fun.

He is a very focused guy. The last time we went out was the first time I saw him bet like I do. And I think he did enjoy it (tiny bets and just having fun and enjoying making $10 and walking).

A win is a win is a win! I expect he's already gone from his last few bucks to a couple thousand and back since his last post though.

I spent all my money on toys and I'm back to the grind.

In fact, I bought ANOTHER $400 slow motion camera this morning. The Casio EX-ZR1000. It's awesome. I had to get it after I fiddled with it at the CES show.

aahigh.com
Asswhoopermcdaddy
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January 12th, 2013 at 7:21:53 PM permalink
I would like to know:

1.) How Teddy deals with gambling stress? Especially on the down days.

2.) Being technically homeless and living from comped room to comped room, how much does he have to gamble at a property to receive that comped room?

3.) What's your favorite table games and slot machine?

4.) What's your best comp and how much play did you need to cycle to get that?

5.) So far, where's your best action? On strip, off strip, or downtown?

6.) What's your best winning session and what's your worst? What about streaks?

7.) When it comes to food comps, what's the best meal comp you've received.
Wizard
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January 12th, 2013 at 7:32:20 PM permalink
Thanks for all the suggestions. I already have 17 questions on my sheet, and we usually have time for only 8-10 on the show. If Teddy does well I'm sure we could have him back for any questions we didn't get to this time. However, Bob can be hard to please. The pressure is on.

For now, I'm closing this to new questions, as the 17 I wrote are awaiting Teddy's approval.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
EvenBob
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January 12th, 2013 at 7:58:16 PM permalink
Quote: Wizard

However, Bob can be hard to please. .



Yeah, I can't hear enough talk about feeding
a machine and pushing a button. He should
worry about pleasing his audience and not
himself.
"It's not called gambling if the math is on your side."
odiousgambit
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January 13th, 2013 at 2:02:13 AM permalink
Quote: Wizard

Bob can be hard to please. The pressure is on.



Quote: EvenBob

Yeah



I thought he was talking about you, E-Bob! [g]
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
EvenBob
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January 15th, 2013 at 12:24:39 PM permalink
I'd like you to ask Teddy if he thinks he has a gambling
problem. Soopoo said something interesting. He watched
Teddy play craps and it was like he was in some kind of
trance, and afterwards he wasn't even really aware of how
much money changed hands.

I've seen people play like that and they have a gambling
problem. My wife is one of them. She's in a trancelike
state when she plays slots. You can't talk to her, reason
with her, or get her to stop. I said here before that one time
I resorted to taking her bucket away and throwing it, with
quarters flying everywhere.

Does Teddy ever feel like he's out of control when he plays?
"It's not called gambling if the math is on your side."
Ayecarumba
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January 15th, 2013 at 12:44:50 PM permalink
Quote: Wizard

Thanks for all the suggestions. I already have 17 questions on my sheet, and we usually have time for only 8-10 on the show. If Teddy does well I'm sure we could have him back for any questions we didn't get to this time. However, Bob can be hard to please. The pressure is on.

For now, I'm closing this to new questions, as the 17 I wrote are awaiting Teddy's approval.



If you can squeeze one more in Wizard, I'm curious about his philosophy on tipping. Since he depends on his winnings as an important source of income, does he feel that tipping is taking food from his own mouth, a necessary cost of doing business, or an investment that provides a return?
Simplicity is the ultimate sophistication - Leonardo da Vinci
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