🎰 Advantage gambling - Wikipedia

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When individuals are having discussions relating to gambling, its benefits to the society are elaborated at all. Different researches which have been carried out.


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Anthony Curtis talks making millions advantage gambling against Las Vegas casinos

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Are you a gambler? Gambling is not bad, Learn How Gambling Benefits and Advantages For Brain & Mind.


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Advantage Gambling - Advantage Player

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Advantage Play & the House Edge - A Casino Insider's Take!

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Gambling With an Edge - guest Surveillance Operator, Jackson

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Though most gamblers don't play with an advantage, almost anyone can do it if they know how. Only a small percentage of gamblers turn a long-.


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Gambling With an Edge - advantage player Lee Jensen

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Advantage gambling, or advantage play, refers to legal methods, in contrast to cheating in casinos, used to gain an advantage while gambling. The term usually​.


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What Can We Learn From Expert Gamblers?: Dylan Evans at TEDxWestlake

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I decided that one day I would get back the money by playing at MGM properties. The thrill was feigned. Two sets of six playing cards, numbered one through six, one set with red backs, the other with blue backs, serve as de facto dice. How long would they be allowed to play before being asked to leave? Over the course of the game, players can wager on other combinations, like two 5s turned over which pays out 7 to 1. As I walked beside him, I tried to appear casual, with the tail of my untucked shirt covering the notepad in the back pocket of my slacks. She claims to be unbothered by having blown a fortune in gambling dens around the world. That is usually illegal, the sort of thing that can result in jail time. After that, standard rules apply. They accuse him of cheating. He uses his programming skills to divine the odds in various situations and then develops strategies for exploiting them. If the sum exceeds 9, then only the second digit is recognized for example, a 9 and 6 add up to 15 but count as 5.{/INSERTKEYS}{/PARAGRAPH} One is the ease with which gamblers can find each other online and share tactics. Getting away, on the other hand, would give him an opportunity to come back on some future day and perhaps go unnoticed. Glances were exchanged among employees running the game, but no one else seemed to take the claim very seriously β€” nor did they realize that something potentially more profitable and innovative than card counting was going on. The cube determines which cards are turned over. Her father, now deceased, was a wealthy factory owner based in Hong Kong. Elbows were thrown and there was a lot of jostling around the table. She scrutinized the backs of the cards. It is a way to make the game feel like craps without dice directly producing a monetary outcome. To begin, four cards are dealt face down onto the table. To experienced surveillance people, he is a known advantage player; at any time he could be spotted, matched to his picture in a database of such players and asked to leave a casino. When they came up, Munchkin shot a fist in the air and shouted. He sipped from a venti-size container of coffee and typed rapidly on his laptop computer. Grosjean specializes in finding vulnerable games like the one in Shawnee. Armed with that knowledge, he spent several months simulating the game in software; his computer mimicked the shuffling algorithm and played the game millions of times. The motions were signals to Munchkin: With a split-second glance, he gained the statistically significant advantage of knowing numbers likely to be excluded. Munchkin, whose real first name is Richard, chose his professional surname because of the fact that he stands slightly taller than five feet. Because he has examined these shuffling machines and knows how they work, he could reliably judge the likelihood that certain cards would be excluded from play. Whiting estimates the number of successful advantage players to be in the hundreds. An observant dealer, a man who appeared to be in his early 30s, discerned something fishy. After every two-card set is turned over, the cards were machine-shuffled before the next roll. Mini-baccarat is played with eight decks of cards. Play resumed. {PARAGRAPH}{INSERTKEYS}Instead, they hone the sharpest legal edge they can. Yet what he does is entirely legal. Down below on the gaming floor, ringed by wall-mounted TV monitors silently showing a sporting event, slot machines chirped and crowded blackjack tables buzzed with action. Sun had no such intention. When Grosjean first reconnoitered the game, he saw that the 12 playing cards used to simulate a pair of craps dice were being shuffled by a machine designed to speed up play and randomize the order of the cards. In recent years, however, Whiting says the ranks of advantage players have swelled. Munchkin was less than friendly, tipped modestly, demanded a lot of service. Dealers on the table clearly knew him β€” he had been establishing his presence here for the past week, getting used to the game and figuring out its subtleties β€” and they good-naturedly commiserated with him over his propensity for losing. His signaling had not been perfected yet β€” some gestures were being missed. By Michael Kaplan. Grosjean had explained earlier the reason for this quirk: The Grand happens to be located in a jurisdiction where it is illegal for dice to determine financial outcomes in games of chance. They look identical to those used at the gaming tables but have holes punched through their centers to prevent cheaters from slipping a souvenir ace of spades, say, into a poker game. Slowly, as the night grinded on, some of the high-returning prop bets started to pay off. He learned as much when he spent the next two days gambling on his own. Maybe he had noticed the discreet glances at Grosjean. After each round, the dealer there swept up the cards and put them in the shuffler without mixing them by hand. Upon her release, Sun visited several Las Vegas casino gift shops and bought souvenir decks of playing cards. Several factors are responsible. Her name was Cheung Yin Sun. But Grosjean knew that shuffling machines are computer driven and therefore only as good as they are programmed and used: Sometimes, in fact, the devices are surprisingly predictable. Tens and picture-cards count as zero; aces count as 1. Following all the tumult, the table was being watched and somebody figured out what was going on. Still, he kept feeding Munchkin information about the cards. Illustration by Sarah Illenberger. Whichever side gets closer to 9 is the winner. Some had crisscrossing patterns that went right to all four edges. It would be equivalent to gambling at standard craps with dice and knowing which three dice faces β€” out of 12 possible β€” would have a reduced probability of coming up on any roll. Play had been temporarily halted to accommodate another recent arrival at the felt-covered table β€” Richard Munchkin. His son thought I had hit him, and the son jumped on my back. If that happens, the security guard could also read him the trespass act, meaning Grosjean would risk arrest if he tried to return. I know people who clock roulette wheels and others who can control a single die at craps. In fact, she all but brags about her losses. Cumulatively, they rake in large profits from games that were designed to be unbeatable: While some bettors might get lucky and win in the short run, over time they are supposed to lose and the casinos are expected to win, statistically speaking. Before the cards are dealt, gamblers bet on banker or player or a tie. Sun figured out how she could leverage these differences that were almost imperceptible and acceptable by industry standards. If a total of 7 comes first, he loses. That was true in Shawnee. Their scheme, their play against the casino, was perhaps too complicated to pull off, Grosjean would later concede. An older civilian accidentally got in the middle of it. Whiting acknowledges that they do not deserve to be arrested. And because regulated casino gambling now takes place in at least 40 states, casinos compete for customers in part by introducing new games, some of which turn out to be vulnerable. The opportunity was in Shawnee, Okla. After all, Little Joe was bleeding money. Grosjean has a blog called Beyond Numbers, for example. Many casino executives despise gamblers like Grosjean. How much money would they be able to win? Grosjean discovered that he could see the identity and order of at least three cards entering the machine, the bottom one held by the dealer and the two that were exposed during game play. Grosjean was frustrated. Patrons never touch the cards. His findings would give him a significant edge playing the card-based craps game in Shawnee. A gambler might bet, for example, that the sum of the first two cards in play will total 7 or If the sum equals 2, 3 or 12, he loses. She spent around a thousand hours, over four years, training herself to recognize the minute variations on particular cards. In the near distance stood a sign for a local casino, the Palms, where he has been shown the door more than once. I view it all as preventable loss. That, combined with a bit of bad luck, had put Munchkin into a difficult situation. Such proposition, or prop, bets favor the casino. Grosjean passed an escalator and headed down a back staircase. Two regular gamblers, whom Grosjean had noticed on numerous occasions in Shawnee, watched in slack-jawed surprise: Patrons rarely played for such large sums there. Being run out of casinos is an occupational hazard for Grosjean, a professional gambler who majored in applied math at Harvard and briefly considered careers on Wall Street and in academia. Elite Western gamblers and rattled casino bosses know her as Kelly, a fast-talking, sunglasses-wearing advantage player in her 40s. Only two questions seemed to temper his confidence in taking on this particular game. A player rolls a giant numbered cube, apparently made from plastic foam. So if security was waiting for him at the bottom, Grosjean needed to be able to run back up in the opposite direction with the hope of avoiding a confrontation. Sun wore a neon green approximation of a tennis dress.