Quote from kut2k2:
Basic strategy blackjack is gambling because basic strategy will not get the odds on your side.
Advanced strategy aka card counting will get the odds on your side, but there's a serious investment of time and effort to get good at card counting without being detected by the pit bosses. The casinos treat counters as if they were cheaters. It isn't cheating, but nobody's been able to bring a court case to settle the matter.
Counters want to be undetectable, not litigators.
I'm not sure the pit boss is the crucial guy in the detection. What I notice is how the pit boss changes out dealers; then by the third dealer, that dealer does have "tells' that suggest he is going to be in touch with the pit boss.
My record is a change frequency of 3 per 45 minutes. Several people left the table and were very angry.
I don't take playing BJ seriously, say to make money. I know I had to carry an icebucket since I was just casual about sliding piles of chips off the table.
"Beat the Dealer" explained it all in strategy terms. So I just did the "5's theory" which is a chart (card) with a horizontal line across it. It is bigger than the Morse code chart (card).
BJ is like market Sentiment or market MODE (Continue or Chnage) both of which are binary as are the odds in BJ because the deck only has two parts to it and a deck is very small.
A round of cards used a portion of a deck and keeping track above or below the line was a snap. It wasn't gambling per se since the house was screwed from the get go by the game design. The number of players at the table was the biggest advantage you could have.
Today, they use multiple decks all over (a good redesign of the game) and you have to do the MIT movie thing, I guess. Then it was before the PC, etc. The dark ages.
Trading can't be compared to gaming since it is like horse racing without horses and card games without cards. Trading doesn't have a probability component as part of the partnership of the trader and the market.
The market is always right and the trader always obeys all the time. the communication link between the market and TO the trader is where the decisions are transmitted to the trader FROM the market. It all takes place in one time zone called NOW.
"tells" and "telegraphing" do happen and the trader always obeys and takes profits in the segments dictated FROM the market TO the trader.
I notice that some people take chances by not "seeing" the market and also by being "smarter" than the market.
Markets are very reliable just like a deck of cards in BJ. There are oly so many cards so to speak and the number of cards is small compared to the human mind and its memory banks.
A data set in trading is like a poker hand of seven cards. except for one thing every data set is a winner because the only criteria for winning is singular. You hold for as long as the data sets are completing a trending segment.
Each hand (data set) FROM the market tells you to hold or that you have completed the hold. The book you use is just like "Beat the Dealer" was for playing BJ. Its called the trading plan.
Holding or not holding is binary and comes from a data set taken in the Present. NOW. Seven elements of data just like a poker hand of seven cards but the hand is always a winner because the market ALWAYS tells you whether to hold or end the hold.
There's no game. There's no betting.
Get the book. Get the data sets. Win at trading all the time.
If necessary take your trading plan to the repair shop.
