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may
11

‘Lucky Idiots’ Bigger Threat To Casinos Than Card-counters

Tags: blackjack, card counting
Posted on Wednesday, May 11, 2016 by "T".
For a long time, casino bosses have been focusing on blackjack card-counters as they consider them with the most advantage in the game. Sadly, they may have been looking at the wrong type of player, say a gambling mathematician. According to Eliot Jacobson, owner and president of Jacobson Gaming, casino bosses should pay more attention at the "lucky idiot" that always play poorly yet is able to [...]   Read more » ‘Lucky Idiots’ Bigger Threat To Casinos Than Card-counters

  11-May-16, 11:31   #1
‘Lucky Idiots’ Bigger Threat To Casinos Than Card-counters 0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8638
oh yes, i have to agree that drunk player who constantly makes super -ev moves and plays for several hours or until he wins a million dollaros is definitely a bigger threat to casinos that a skilled card counter, edge-sorter who makes a regular profit on an hourly basis. darn, only now the truth has come up.

     
  11-May-16, 13:13   #2
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 51 (M)
Posts: 6233
The wording in the headline is bad. These are players that apply systems that are even more sophisticated than card counting. On top of this their cover is better than that of counters, who are often spotted.

     
  11-May-16, 14:35   #3
  0 
demodawggy 

Joined: Feb '12
Location: Canada
Age: 56 (M)
Posts: 5682
Hello all the wonderful mobsters out there, this is your friend demodawggy from Canada, somewhere near the Great Lakes and Georgian Bay writing to you, wish a good day to each and everyone one of you


Big Smile< ...See,...just being BORN Rusiian has its advantages... Big Smile

I am very happy to be a part of such a great community, wish you the best of luck at the tables, off the tables, behind the tables, under the tables and in your life in general. Yours truly demodawggy, somewhere near the Great Lakes and Georgian Bay in Canada.

     
  11-May-16, 14:51   #4
  0 
pinotte 
Joined: Jun '13
Location: Canada
Age: 73 (M)
Posts: 3494
This one is again ridiculous Phil Ivey is in court with to casinos regarding edge sorting and now they come and tell us that users of this method are more dangerous then cards counter.

After all these years they are telling us that cards maker company are nt able to make perfect cards so this method will always exist and they know about it. Aww crap! Aww crap!

And then if a guy win a very good amount of money they wont pay him and accused them of cheating. Big Smile Big Smile Big Smile

     
  11-May-16, 16:04   #5
  0 
damosk 
Joined: Feb '11
Location: United Kingdom
Age: 52 (M)
Posts: 4862
So! Correct me if I am wrong but this sounds a little bit like, lets cover our asses cos we really don't want to lose and be criticised when we don't pay someone their winnings even when we can't prove they have done anything wrong but just don't want to pay them. Of course it's hard and of course some people play badly and some people are just lucky. That's why gambling is called gambling. The bookie sets the bet amount and takes as much of a chance as the punter. If you don't like losing.... Don't play or don't entertain players.

     
  12-May-16, 00:35   #6
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 32 (M)
Posts: 4685
So I guess Phil Ivey is officially considered a 'lucky idiot' know?
Would not be those croupiers the idiots who did not recognize on time that they are being played for the sake of edge sorting?
Also good to know that anybody who is standing up from a casino table with a reasonable sum in winnigs is just an idiot.

     
  12-May-16, 04:50   #7
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 51 (M)
Posts: 6233
No, no. Anyone with reasonable winnings is a potential advantage player, trying to take the casino to the cleaners. So the staff there should be suspicious of any winner. It cuts into the profits of the house.

     
  12-May-16, 17:54   #8
  0 
TheMachineQC 

Joined: Apr '10
Location: Canada
Age: 27 (M)
Posts: 2115
Lucky idiots are always the biggest threat, no matter what the situation is or where it's taking place... Blink just kidding... or not Blink

But to be honest I have no sympathy at all for casinos. What they do for a living is rob people. How do they expect people not to try to bend the rules? It's human nature to try stuff untill you get burned... We're born curious and we like to test where the limits are.

     
  12-May-16, 18:36   #9
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 42 (M)
Posts: 4112
Yeah, "Lucky Idiots" can be more problematic than "Card Counters."

Movies such as 21 or The Last Casino depict blackjack card counting as glamorous activity that anyone can quicky learn, and utilize to earn enormous amount of money from casinos.
Reality? Even experienced card counters can only gain a mere 0.5% or 1.0% advantage over casinos in the long term, not to mention they will inevitably suffer numerous downswings along with the profits.

Edited by Tony_MON7ANA (Thursday, May 12, 2016 @ 18:44 GMT)


     
  12-May-16, 19:09   #10
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 51 (M)
Posts: 6233
A one percent advantage can bring quite a profit, if the player is able to play high enough, and can play a lot of hands every hour. But i guess is fare away from being glamorous and more of a grind.

     
  24-May-16, 09:36   #11
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 47 (M)
Posts: 5552
I was quite shocked about the amount of money these card counters seem to win. Whenever you watch the films about these, these people seem to make fortunes but is doesn't seem to be

     
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