Gambling With An Edge

Our guest this week is Jim Kilby. Jim was a professor at UNLV, has written books on casino management, casino marketing, and casino operations. His career as both a blackjack player, and dealer goes back 50 years. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Jim Kilby, UNLV professor and former blackjack player and dealer [00:36] Dealing blackjack at 19 years old [03:36] Identifying card counters in the late 1960s and early 1970s [09:07] Playing Blackjack as a Business by Lawrence Revere [13:14] Playing blackjack while dealing, playing conditions [17:35] Private lessons with Lawrence Revere [22:39] Engraved Zippo lighters [25:27] Counting in Panama [26:20] Bob Griffin, playing in Puerto Rico, cruises [30:48] Returning to the casino industry after college, teaching [36:50] South Point Casino January Promotions

Our guest this week is a blackjack player, and team leader called Vecnan.  Vecnan first came to my attention when I heard he had recruited blackjack teammates off Craig's List.  I thought he sounded completely insane, and had to get him on the show. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of card counter, Vecnan[00:33] Vecnan's early advantage play experience [02:51] Self-taught advantage play [03:35] Writing articles about blackjack [04:47] Becoming a full-time professional, difficult aspects of that job [08:25] Dating while playing full-time [09:46] 200-hour losing streaks, risk of ruin [11:34] Back-offs and cover plays [19:18] Forming a team, advertising, training [27:30] More training program discussion [29:18] Playing as a refusal [31:12] Changing spread or top bet by market [32:44] Bankroll split [35:2

Our guest this week is Mark Billing on to talk about his new book "Follow the Bouncing Ball."  This is a book about how Mark and his teammates used hidden computers to beat the game of roulette. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Mark Billings, author of Follow the Bouncing Ball, Silicone versus Roulette [00:36] The Eudaemonic Pie by Thomas Bass and difficulties of predicting roulette [08:11] Mark's experience playing roulette [10:49] Legality of computers, software bugs [13:18] Characteristics of beatable wheels [20:28] Laurance Scott, computer software and hardware [29:09] Beating only a few wheels, changing the approach of the program,and interpolation [36:56] South Point Casino January Promotions - $400k Spin to Win [37:45] VideoPoker.com/gwae - Gold Membership offers correction on most games[38:

Our guest today is longtime advantage player RxGamble.  Rx is on to talk about longevity, and beginner mistakes. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast  Click to listen - Alt-click to download Show Notes [00:00] Introduction of advantage player, RxGamble [00:41] RxGamble's 2019 Hole Card Workshop, and upcoming Zoom call [06:16] The importance of longevity [09:13] Name changes and disguises [12:02] Playing unrated, loss plays [18:45] Stories about giving up EV to avoid showing ID [24:30] Leveraging female beauty as an AP [29:25] Slots longevity [32:03] BPs making rookie mistakes [33:40] South Point Casino January Promotions - $400k Spin to Win [34:46] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAW listeners [36:01] BlackjackApprenticeship.com - card counting training site and community [36:15] VideoPoker.com/gwae - Gold Member

Our guest this week is Mike Shackleford aka The Wizard of Odds. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Michael Shackleford, The Wizard of Odds [00:35] Why do the number of decks in blackjack affect the house edge? [08:32] Does 3/2 or 6/5 blackjack affect the impact of the number of decks? [10:24] Reversible Royals at the Red Rock [15:57] Morongo Casino Promotion, publicizing promotions [20:54] Advantage slots [23:16] Super Bowl prop bets, rule change affecting data, buying databases [30:00] Political betting [35:00] South Point Casino December Promotions - Pay Less with Your Points, Christmas Day Hot Seat [36:05] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners[36:34] VideoPoker.com/gwae - Gold Membership offers correction on most games[27:40]

Our guest this week is a former surveillance director, Consultant AP. He left surveillance to become an AP. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of former surveillance employee and current AP, Consultant AP [00:47] Consultant AP's background in surveillance [02:11] Learning about advantage play [05:32] What surveillance skills are helpful in advantage play? [07:35] Consultant AP begins to dabble in advantage play [09:26] Sports betting [16:15[ Barrings and back-offs in Las Vegas [20:10] Coming up with the name Consultant AP [21:17] Meeting RxGamble and spotting APs from surveillance [27:31] South Point December Promotions - Pay Less with Your Points, Christmas Day Hot Seat [28:55] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners [30:15] VideoPok

Our guest this week is arguably the world's best gin rummy player, Michael Sall. He is the author of "Gin Rummy: A Predator's Guide." We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Michael Sall, arguably the best gin rummy player in the world [00:32] Micheal's appearance of David Hill's podcast "Gamblers" [02:05] Does winning tournaments help players to find good games? [03:41] Michael's early experiences playing gin [06:44] Gin Rummy: A Predator's Guide by Michael Sall [09:52] Playing in New York City [15:01] Stu Ungar [20:45] How is gambling at gin different than other forms about gambling? [22:55] South Point Casino December Promotions - [24:09] PPredictit.org/promo/edge - places small bets on various political events, $20 deposit match for GWAE listeners[25:04] BlackjackApprenticeship.com - a card counting c

Our guest this week is David Schwartz, on to talk about his new book, "At The Sands." We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Dr. David G. Schwartz, author of At The Sands, gaming historian, and professor at UNLV [00:46] Why write about The Sands [01:12] Would it be easier to write another book about the same era in Las Vegas? [02:48] Mob affiliations with The Sands [03:29] Jack Entratter [06:49] Marker issuance and collection [12:05] The Sands becomes high-rise [13:25] Frank Sinatra [16:04] Origins of the Rat Pack monicker [19:11] Sinatra becomes more difficult [23:39] Confrontation between Frank Sinatra and Carl Cohen [25:33] De Facto segregation in Las Vegas  [29:14] Sinatra's role in desegregation [32:36] South Point Casino December Promotions - Pay Less with your Points 12/14-12/30 [33:57] Predictit.

Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of tax advisor, Russell Fox [00:41] Recent changes to tax law [03:31] Self-employment tax for professional gamblers [07:42] Deductions for gambler vloggers [09:09] Underpayment penalties for recreational gamblers [12:10] Deducting bad debts [14:16] Foreigner gamblers and U.S. tax [16:33] Declaring winning from a chip bank [21:10] Taxation of points [24:31] Common tax mistakes [30:58] Contributions and IRA contributions [31:44] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards [32:45] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners [33:29] 

We talk to Logan Fields, author of "2020 Sports Betting: Think Like a Pro," a new book from Huntington Press. Fields takes a makes lots of high-EV, low denomination, bets and it works for him His main sports are football, baseball, and golf. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Logan Fields, author of 20/20 Sports Betting: Think Like a Pro [00:56] Logan's sports betting history [06:26] Leaving a day job to become a full time sports bettor [07:09] The golden period of online betting [07:36] Who is the audience for 20/20 Sports Betting? [11:20] UIGEA and losing outs [12:37] NFL props and data analysis [15:40] Is watching games necessary? [18:28] Opportunities in smaller markets [20:12] How is betting baseball different from betting football? [25:09] Database information and prices [27:32] How much older

Our guest this week is Matthew Dicks. Matt is the author of, "Storyworthy: Engage, Teach, Persuade, and Change Your Life through the Power of Storytelling," as well as several novels. He recently wrote an article for Pokerstars  on how to tell better "bad beat" stories. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00]  Introduction of storyteller, Matthew Dicks[01:14]  A gambling related story about arm wrestling [13:36]  What makes that arm wrestling story interesting?[17:25]  Matthew’s poker experience[22:39]  Matt’s writing on PokerStars[24:06]  Why are bad beat stories rarely entertaining?[28:30]  Why is Sweeney an important character in Matthew’s bad beat story?[32:01]  Time management [35:41]  South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards, Thanksgiving Day Hot Seat[36:50]  Predictit.org/

Our guest this week is a return visit from Prax. We talk about life on the road, living in his van, and how covid has affected the AP life. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of machine AP, Prax [00:33] FaceBook Marketplace arbitrage [08:24] Van life and nutrition [11:00] Civil forfeiture [13:47] Sleeping in a van [16:25] Coronavirus effects on AP [24:06] Reacting to the first big loss [35:58] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards [36:38] Predictit.org - place small bets on various political events, $20 deposit match for GWAE listeners [37:30] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership includes Quick Quads and Ultimate X[38:28] Advice to new APs [43:31] A costly mistake [44:12] Back-offs [44:50] More on quality netwo

Our guest this week is a professional slot AP called Prax. We talk about how he started 8 months ago, and went to making 6-figures his first year. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of AP slot player, Prax [00:33] How did Prax started in AP? [05:32] RxGamble's hole carding class [13:43] Learning machine plays [18:18] Building and maintaining a crew [21:38] Discussion of gambling philosophy [25:01] Mixing advanced plays with machine plays [28:09] "Higher level machine plays" [20:26] Forming a partnership [31:04] Weekly miles and hours [33:20] Attributes of a good apprentice [36:38] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards [37:42] Predictit.org/promo/edge - places small bets on various political outcomes, $20 deposit match for GWAE listeners[38:24] BlackjackAppren

Our guest this week is attorney Bob Nersesian. We talk about the recent Nevada Supreme Court case where casinos have to cash your chips if you're a patron, whether or not you can prove you came by those chips in the course of gaming at their establishment. We also discuss a new policy by the Las Vegas Metro about obtaining ID in gambling disputes, a discussion on the practical penalties of being trespassed, and the dangers, if any, of playing a machine that you believe is paying off too much We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00]  Introduction of gaming attorney and Blackjack Hall of Famer, Bob Nersesian [00:46]  Would using high powered glasses to study card imperfections be considered cheating? [02:26]  Streamers using cameras to stream casino games [05:41]  What's the worst penalty for returning to a casino a year af

Our guest this week is a return visit from Matt of http://www.plusevanalytics.com. Some of the topics discussed include pointsbet, which is a newcomer to American sports books. We also talk about correlated parlays, why you should never use a tout, and the difference in US and Canadian sports betting.  We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00]  Introduction of Matt, a Canadian actuary, from PlusEVanalytics.com [00:35]  What is a points better? [02:25]  Skewness and asymmetric distributions [03:23]  Caps in a points bet [04:51]  Player prop distributions [06:11]  Required collateral [07:26]  Market efficiency  [09:11]  Canadian sports betting markets [14:06]  U.S. tax issues for foreign gamblers [16:27]  FiveThirtyEight.com [19:00]  Positive EV situations on Predictit.org  [24:14]  South Point Casino October Promotions - Fr

Our guest this week is  author Peter Alson. Peter returns to our show to discuss his book, "The Vig: Confessions of an Ivy League Bookie." The book concerns working in a New York bookmaking operation in the early 1990s. Both Bob and I enjoyed and recommend you read the book We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00]  Introduction of Peter Alston, author of The Vig (originally published as Confessions of an Ivy League Bookie)[00:32]  Republishing The Vig[04:02]  How did Peter become a bookmaker?[06:44]  Prologue of The Vig[09:36]  Spanky[12:41]  Degenerates working in the bookie's office[15:57]  The era of bookmaking without computers[20:01]  Paying customers and collecting debts[21:00]  Mob involvement in bookmaking[23:04]  Billie Walters and other sharp players[26:04]  Office dynamics with a female employee[28:25]  Calcula

Our guest this week is Matt from http://www.plusevanalytics.com. He is a Canadian actuary who also dabbles in advantage play. We discuss Taleb's concept of anti-fragility and how that is very useful in sports betting. We also discuss how the Kelly Criterion comes up with different answers sometimes and how are we to know which is which? We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00]  Introduction of Matt from PlusEVAnalytics.com [00:50]  Show notes information and availability [02:36]  The best forum for site comments and feedback is at GamblingWithAnEdge.com [03:21]  Actuarial science as a profession [05:40]  Nassim Nicholas Taleb, Twitter.com/nntaleb [11:14]  NFL season totals and antifragility [15:45]  Dow Jones and antifragility [17:36]  PointsBet.com and distributional mathematics [24:46]  Super Bowl prop bets, Michael Sha

Our guest this week is  Jason Pipkin. Jason is a neuroscientist who gambles semi-professionally on elections at predictit.org.   We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00]  Introduction of Jason Pipkin, frequent bettor at Predictit.org[00:58]  How did Jason get started on Predictit.org?[02:48]  Jason's background and predictingpolitics.com[04:30]  Commissions and contract limits[10:26]  Biden and Trump double max contract example[12:35]  Liquidity and market efficiency[14:35]  Can personal political biases affect profitability?[16:04]  Arbitrage[17:38]  Trading frequency[18:45]  Volatility[20:16]  Holding periods and exit strategy[21:28]  Black swan betting[23:08]  2016 Presidential election market strategies[24:42]  FiveThirtyEight.com[25:48]  Computer analysis and modeling[26:59]  Predictit.org market forums[28:40]  What

Our guest this week is Jimmy Jazz.  He is back to talk about credit card strategies and other low roller plays. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter. podcast Click to listen - Alt click to download Show Notes [00:00]  Introduction of low rolling advantage player and credit card points guru, Jimmy Jazz[00:48]  Why did Jimmy recently travel to Las Vegas?[02:37]  A recent Four Queens offer[08:10]  Additional changes at Four Queens, Covid-19 observations[16:10]  Dinner at Hugo's[18:10]  Nevada's contact tracing app[21:40]  The D[23:04]  The El Cortez[26:46]  The Flamingo[30:20]  Emerald Island[32:48]  Have any casinos gone non-smoking?[33:35]  More info on Emerald Island[36:10]  South Point Casino September Promotions: $50,000 Money Madness[37:22]  Predictit.org/promo/edge - place small bets on various political outcomes, $20 deposit match for GWAE listeners[38:18]  BlackjackApprenticeship.com - card counting training site and communi

Our guest this week is author Peter Alson.  Peter joins us to talk about his new book, "The Only Way To Play It." We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download [00:00] Introduction of Peter Alson, author of The Only Way to Play It [00:34] Peter's gambling background [05:25] Playing at The Mayfair Club [07:37] The New York poker scene [12:54] The art world [15:48] Are Peter's characters based on actual people? [21:30] Family problems and gambling [27:38] South Point Casino September Promotions - $500k Money Madness casino-wide progressives [28:22] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners[29:42] VideoPoker.com/gwae - Gold Membership offers correction on most games[30:38] The Russian mob [34:10] Downswings and variance [37:23] Choosing a title for The Only Way to Play It [39:20] D