Phil Ivey Beats the casino for over 20 million Dollars playing Baccarat
Reddit - AMA - I am a professional Blackjack player, known as an 'Advantage Player'.
AMA I was always interested in Blackjack, and had played advantage player blackjack few times a year when I was in Vegas or near a Casino in a city I was in that allowed table games.
Two years ago, I decided to learn more about the game after reading some articles about the MIT Blackjack team, which was a group comprised of about a dozen MIT students that successfully won millions of dollars of a 2-3 year period using the very same methods AP players use today.
I now play full time.
Which is about 50-80 hours a month.
I use a number of AP techniques to gain a mathematical edge over the house.
This includes knowing how to play perfect basic strategy under a number of table rule conditions, counting cards, keeping track of Aces as a side count, OPSEC tactics to go unnoticed by casino management, hole-carding, and so on.
I'll be here for a bit, AMA!
Well It's quite easy if you 'want' to get banned I suppose.
But I have been playing full time for roughly 18 months and the worst heat I've experienced from casinos were these situations: - During a session, I was up a few thousand.
The house did 4 dealer changes in roughly 20 minutes.
This is very unorthodox.
Dealers typically work 40-45 minutes on, 20-15 minutes off.
The blackjack machines may have suspected collusion between the dealer and myself, or blackjack knives effingham history brought in a detection dealer to monitor my play.
Detection Dealers are dealers who are trained to advantage player blackjack count cards and know perfect basic strategy.
So they can spot a card counter based on how he spreads his bet in correlation to the count of the deck.
Where a very out of the ordinary guy in a suit watches you play, like stares at your action, from behind and off the shoulder, just a few feet back - for an hour.
A cooler is a casino employee who will sit at the table and act like a player to watch https://n-club.info/blackjack/casino-dealer-rules-blackjack.html play, and talk to you to get information.
But I have never been backed off, flat bet, or banned.
But a lot of players do get the boot, which is why APs have to employ a number advantage player blackjack methods to go undetected, including visiting a lot of different locations, keeping track of when you played, what shift, the names of the dealers and pit crew.
Keep winnings to limits per location within a timeframe.
Know how to gain an edge over the house using the smallest possible spread in bets.
And not betting to high in terms of stakes.
I keep my action to where I try to always cash out under 9,500.
This isn't for IRS tax purposes, rather, it's an anti-money-laundering program as casinos are often used to change bills by people who need to clean their money.
Blackjack is one of the few games in the casino where there are no tax forms filed even on large cash outs.
If you win other games, such as Slots, a W2-G is filed when you cash out.
How many people do you prefer to play with at the table?
Do you play several spots or just one?
How aggressive are you?
Like are you doubling on a soft 17 against a 6?
Could the kind of counting you do be taught to the average person?
I prefer to play with one or two other people at the advantage player blackjack, but don't have issues with playing alone.
I simply prefer the social aspect of having others, as long as they are people I'd want to talk to, playing with.
I typically play one, and sometimes will play two hands, depending on my bankroll.
Agressive would be doubling on a S19.
I could teach you card counting, in terms of the basic counting technique in about 5 minutes.
However, being able to count in a casino, and keep perfect track, with fast action, takes a lot of practice.
TRY IT: This is counting cards using a method called the HiLo method, a very simple but effective way to count cards and gain an edge over the house.
Simply use the following values for the following cards.
Aces and Tens a -1.
When you reach the FINAL card your count should be ZERO.
If it isn't, you counted wrong.
Now- do that in under 30-35 seconds.
Then you'd be ready to learn more.
Thanks for the response!
So if there are lots of 10s left, you WOULD double on a soft 19 vs a 6?
A negative count favors the house.
A positive count favors you the player.
The current penetration of where you are in the deck also matters.
So if you are playing a 6 deck shoe, with 5 decks being played before shuffle, and you are in the final 2-3 rounds last playable decka high positive count is VERY advantageous.
Because there are far more 10 and Aces left in the deck than the expected median of what should be there.
However, this is why it's important to count Aces as a side count, particularly in S17 tables dealer stands on soft 17s.
If the dealer shows a 6, I'd factor in the ace count as well.
Because you don't want the dealer to be holding a S17 and then stand on that hand.
You want him to have a 16 to break.
So a S19 vs D5 in a Stand on 17 Game is an even better play.
The 5 is the weakest card statistically for the dealer.
It's the "bust card".
There is a counting system called the Ace Five count, which works directly off this- the Ace being the most valued card, and the five, the least favorable card in the deck.
To answer the second part of your question, the way you gain the edge over the house is your betting spread.
Betting the minimum amount in 0 or negative counts where the house has the edge, and betting more in higher counts.
Typical spreads are 1-5, 1-6, some players will go to 1-10, but the larger your spread, the more you scrutiny you will face from the house.
This would be a 1-5 or 1-6 spread.
At a TC of +3 in an optimum rule game, you are playing at a 1.
Most often you are playing in the -3 to +3 range.
How do you size your bets?
As this is the number one giveaway as to who's counting cards.
I'm actually amazed you haven't https://n-club.info/blackjack/blackjack-apprenticeship-scam.html backed off or flatted even once.
However a large spread is only one of a number of tools in an AP's kit that shifts the edge from -EV to +EV.
With that said, I keep my spread conservative, typically no larger than 1-6.
On occasion I'll go 8x my small bet size- and in rare occasions, may do 10x.
Large betting spreads are a double edged sword.
Just because you have a high count does not mean you will win the next hand out of the shoe, and having your big bet set too high can destroy your bankroll if you hit a bad streak.
So I play mostly 1-6, with an average bet of 3.
A lot of counters do get banned, at least from what I've read online.
But just because you've been banned from one casino doesn't mean you can't play elsewhere.
Back then, there were really only 2 places a person could play- Vegas and Atlantic city.
Now casinos are everywhere, advantage player blackjack some states, such as New Jersey; which includes Atlantic City, have laws prohibiting casinos from banning Advantage Players.
So the best way to go undetected is to not frequent the same casino too often.
I'll play the casinos closest to home a few times in a row in a short time span like I'm in town on a tripthen lay this web page for a few weeks.
During that time I usually do specific tours, which I drive city to city and hit 5-10 locations in a 5 day work week.
Learning other AP techniques also can allow an AP to make up for a smaller spread while still playing at an advantage.
These include: - Edge Sorting not usually doable but some casinos still have setups and cards which can be edge sorted; provided you want to pull long sessions to memorize the edge patterns.
Many players will "Double for Less" on their Double Downs.
They do this because they fear losing the money, but the Double Down is one of the question free online blackjack casino directory have bets you can make.
So it's very possible to play and win with no issues.
I've won tens of thousands from a single location in a few days and never had issues.
Oh and final thought, tip well.
I ALWAYS make sure I tip when the Pit Boss is at the table as well so they see it.
Where did you learn to become an Advantage Player?
Is it something the average Joe can learn to do?
Seems like a good way to keep mentally sharp.
You said it's not uncommon to leave up 3-6 thousand and you say you're up a lot over the last year which is great.
How do the bad days go?
How much do you lose?
How do you handle it mentally?
Any sources you would recommend to someone who wants to learn this?
Besides the whole betting aspect, it just sounds complex and interesting!
You could maaybe buy a house outright in one of the very shitty areas, but you really dont want that.
You could definitely get some land out in the country sans house though.
You can buy a house in a rural area for pretty cheap, but since OP is a professional gambler, it's likely he'd want to live in a city or suburb.
No it is not.
How to win at blackjack (21) with gambling expert Michael "Wizard of Odds" Shackleford
The Expected Value of an Advantage Blackjack Player. By. Kamron Paul Jensen. A report submitted in partial fulfillment of the requirements for the degree of.
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