Blackjack player beats 3 Atlantic City Casinos for $15.1M

[hiptogo]

please keep on distracting me.

 

[jones247]

There are other ways to deploy a martingale type strategy without doubling down after each loss. For example, one could double down only after three consecutive losses. Or better yet, one could vary the size increase relative to the number of consecutive losses. For example, after each loss, increase size by 1 unit; however, after five consecutive losses, increase size by doubling down.

With a Semi-martingale approach, once could be net positive with a 40% - 43% win rate. Needless to say, with a 20% discount on losses, won would easily have a positive expectancy while winning less than 40%.

Walt

 

[AMT4SWA]

Quote from jones247:

There are other ways to deploy a martingale type strategy without doubling down after each loss. For example, one could double down only after three consecutive losses. Or better yet, one could vary the size increase relative to the number of consecutive losses. For example, after each loss, increase size by 1 unit; however, after five consecutive losses, increase size by doubling down.

With a Semi-martingale approach, once could be net positive with a 40% - 43% win rate. Needless to say, with a 20% discount on losses, won would easily have a positive expectancy while winning less than 40%.

Walt

Correct.....and you can also dynamically grow bet size into strings of winners. I know of two players that stay low key out in Vegas but have what I call "perpetual motion" money management strategies. I don't know all their details but "I get" what they are doing.

 

[AMT4SWA]

Quote from Millionaire:

Monte Carlo or bust: Casino stung for $11 million uses well-endowed female dealers in basques to distract players

Read more: http://www.dailymail.co.uk/news/art...s-basques-distract-players.html#ixzz1ObtVrCyJ

Now there is a GREAT Double Down!!! :eek:

 

[AMT4SWA]

I think we are in the age where solid BJ play mixed with capital and an asymetrical money management style may be pushing the envelope of the game......and that is VERY COOL!

 

[pcp198]

Quote from jones247:

There are other ways to deploy a martingale type strategy without doubling down after each loss. For example, one could double down only after three consecutive losses. Or better yet, one could vary the size increase relative to the number of consecutive losses. For example, after each loss, increase size by 1 unit; however, after five consecutive losses, increase size by doubling down.

With a Semi-martingale approach, once could be net positive with a 40% - 43% win rate. Needless to say, with a 20% discount on losses, won would easily have a positive expectancy while winning less than 40%.

Walt

If your going to use a martingale strategy, your less likely to hit your max bet with odds in your favor even if risk:reward isn't.
for example in roulette if you bet on red or black, odds of winning are 50%, with a 1:1 win:loss payout. Betting on 2 out of 3 dozen has a 1:2 win:loss payout but has a 66% chance of winning.

so lets say you wait for the wheel to hit "dozen B" 3 times in a row, then using martingale you bet on dozens A and C for up to 5 spins, its not likely that "dozen B" will get hit 8 times in a row.

 

[bearmountain]

As they say in trading test out your ideas.

Here is a Blackjack Strategy Trainer. test out your martingale ideas. do it after the trading day, because it is addictive!

http://www.blackjackinfo.com/bst/

 

[Kassz007]

Quote from Appleseed:

Quote from Kassz007:

It's a well known fact that house odds are less than 1% when a player uses basic blackjack strategy. Obviously the number varies slightly depending on specific rules that might differ between each casino, but the house edge is indeed under 1%.
===========================================

How can that be when the dealer
just deals and does nothing to win every time the player busts. My obsevations show this happens often on every hand played.

Cheers
john

Sorry John, I don't understand your post. Are you questioning my claim that the house edge for blackjack is less than 1% because the player busts out before the dealer plays his hand?

 

[Kassz007]

Quote from bearmountain:


As an aside, I find it amusing that there are a dozen or more posts in this thread on the pros and cons of having this guy whacked(killed) by the casinos.

And some people have the nerve to question the entertainment factor of this message board!

 

[stock777]

Why would a pro gambler get involved at this level unless he HAD AN EDGE?

He wouldn't. But it's not clear what it was.