Gambling With An Edge

Our guest this week is Shane Sigsbee. Shane started a company called "I am a Whale" that backed professional poker players, and then moved into sports arbitrage, and getting down for other pros.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.Show Notes[00:00] Introduction of sports better Shane Sigsbee[00:30] Shane's background in golf[01:20] Betting on golf[01:56] Does being a skilled golfer help Shane handicap golf?[03:07] Betting on golf[05:19] Billy Walters[06:45] Transitioning from financing to gambling, backing poker players[11:47] Pricing staking deals,[16:01] Finding winning players, backing low stakes[17:28] Getting stiffed by winning players[20:10] Player contracts[21:55] Transitioning into sports, moving to Las Vegas[25:40] Getting action down without getting limited[29:00] http://SouthPointCasino.com[29:46] http://BlackjackApprenticeship.com[30:15] http://VideoPoker.

This is a throwback episode from April of 2013. Our guest was Cat Hulbert. Cat was a professional blackjack player 30+ years ago. She played with the Czechs, and on the Ken Uston team in Atlantic City. She then turned to professional poker. She is the author of Outplaying the Boys, https://amzn.to/3p8tTjP and is featured in Gambling Wizards. https://amzn.to/3p8tTjP

No guest this week as we answer questions from our mail bag. 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.Show Notes[00:00] Introduction[00:30] Bill Benter's published material[02:02] Risk of ruin for 8/5 and 8/6 Jack or Better[03:47] Getting flat-bet at a Strip casino[05:06] Intermittent fasting[17:00] Getting cut off from comps at a small locals casino[19:39] Backed off aggressively for counting at a Native American casino[22:26] Relationship between net worth and bankroll[26:55] Gambling advice, blackjack on Vice[30:16] https://SouthPointCasino.com[31:06] https://BlackjackApprenticeship.com[31:38] https://VideoPoker.com/gwae[33:05] Average daily theoretical calculations across properties[34:18] Dating tips for a single professional gambler[37:11] Speed of shuffling on video poker games[38:20] Paying off markers with a credit card[40:05] Video poker training software, Win

This is a throwback episode from 2012, and the guest was BJ Traveller. BJT is Chinese and at the time of the recording had played blackjack in 66 countries around the world, and written 10 books about his exploits. You can read my print interview with him here:https://www.lasvegasadvisor.com/gambling-with-an-edge/my-interview-with-bj-traveller/

Our guest this week is tax expert Russell Fox on to talk about tax stuff for gamblers. He provided updates for the latest edition of Tax Help For GamblersWe 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.Show Notes[00:00] Introduction of Russel Fox from Clayton Tax Services[00:37] Tax implications of sports betting in different states[03:14] Splitting a large DFS jackpot[04:17] Reporting recreational horse player income[07:40] Shared sports betting at online sites[08:47] FBAR[11:13] Crypto and FBAR[12:15] RV expenses[14:46] Paypal reporting transactions, 1099-K[17:08] Group slot pulls[20:03] W-2 G from a Native American casino[23:23] Gambling partnerships[25:22] Cherokee North Carolina winnings[27:08] https://SouthPointCasino.com[28:00] https://BlackjackApprenticeship.com[28:31] https://VideoPoker.com/gwae[29:21] Withholding SSN on W-2 G[31:40] Tax liability for WSOP Main Event[

This episode originally aired in April of 2012. The guest this week is blackjack expert, and author Don Schlesinger. His book is Blackjack Attack: Playing the Pro's Way which you can find here. https://amzn.to/3cRCHaA

No guest this week as we answer questions from our mail bag. 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.Show Notes[00:00] Introduction[00:26] The impact of recessions on casinos[01:07] Calculating the value of video poker progressives[02:20] Expensive mistakes[07:19] Hitting hard 14 versus 6 [08:44] Legal name change and SSN[10:53] Playing under someone else's players card[13:04] Princess cruise casino[15:38] Group slot pulls[18:17] Are markers still owed if a player is 86'd?[18:55] Ultimate Texas Hold'em[21:01] Is it possible to get a players' club card without scanning ID?[25:08] http://SouthPointCasino.com[25:55] http://BlackjackApprenticeship.com[26:24] http://VideoPoker.com/gwae[26:59] Richard's experience playing in Warsaw[37:31] Sports handicapping advice, books, publications[38:52] WinPoker app[41:50] Sharing secrets[43:11] CTRs for non-Americans[44:08] Scalpin

This is another throwback episode, which originally aired in January of 2012. Our guest is Laurie C. long-time member of the MIT Blackjack team, and wife of Johnny C. who ran the MIT team. We talk about counting cards, the movie 21, and the advantages of being a Chinese woman in the casinos.

Our guest this week is Norman Zadeh. Norman is a former mathematics professor, and longtime gambler. He wrote one of the first math based poker books back in 1974. He has been a winning gambler at backgammon, poker, and 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.Show Notes[00:00] Introduction of Norman Zadeh[00:39] Norman’s gambling background, poker, backgammon[04:41] Writing a poker book[07:15] Does Norman still play backgammon?[08:48] Superstition, cosmic unconsciousness [11:35] Sports betting, handicapping[13:49] Modeling baseball[16:46] Handicapping basketball[20:13] Investing, trading in the stock markets[21:35] Opportunities to make money with math[23:58] Writing software, writing songs[26:11] Analyzing backgammon in the 1970s, brute force, XG[31:40] Kyle Larsen story[33:00] Investing versus betting[37:44] https://SouthPointCasino.com[38:32] https://

Our guest this week is known simply as K.C., and was one of the most fascinating guests we have had. K.C. started as a professional blackjack player, and when he started getting barred he turned to craps. He read Wong on Dice and decided that this was the game for him. He won $1.5 million dollars at craps before the dice started to turn. After losing almost all of that money back he now thinks that he never had an edge. Yet many casinos barred him from playing dice! We also talked about a documentary film he has been working on about his blackjack adventures. That film is now out, and is titled, Inside The Edge.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.

Our guest this week is Will. Will started out as a card counter, moved on to other forms of AP, and then moved into DFS and 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.Show Notes [00:00] Introduction of advantage player, Will[01:07] Will's gambling background[03:59] Early bet spreads and late night minimums[04:54] Getting deterred by early losses, blackjack forums, finding a team[10:17] Trying to return to the team after a 100-hour losing streak, learning new system, retesting[12:27] Playing with Darryl Purpose[14:59] Moving to Las Vegas, finding games in the U.S.[21:48] Hole-carding[22:48] Getting backed-off, barred, etc[28:37] Differences in advantage play between the U.S. and U.K.[31:42] Card counting rules in London clubs[33:03] Commercial break[35:24] Will's career since 2015[38:41] Computer programming[41:28] Weak DFS markets[44:18] DFS pools versus head

Our guest this week is Stanford Wong. We discuss controlled dice throwing, and his book, Wong on Dice. Bob and I also discuss "scares" which in video poker means near misses of a royal flush, but in blackjack usually involves security guards.This episode originally aired in Oct of 2011. 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.

Our guest this week is Adam Bjorn. Adam has worked both sides of the counter for over 30 years, He is both a professional bettor, and a bookmaker, and now is working for a software company aimed at giving bookmakers bettor tools for servicing their customers.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.Show Notes[00:00] Introduction of Adam Bjorn, sports bettor and sportsbook software expert[00:43] Adam's background in gambling[01:57] Finding an edge, informational advantages[06:20] Why did Adam move to Jamaica?[11:24] Getting accounts shut down, maintaining outs[13:16] Bookmaking in Jamaica[16:41] Horse racing in Jamaica, pools, rebates, etc[20:02] Creating software for sportsbooks[24:14] Limiting and banning players[28:00] South Point Casino July Promotions - $650k Summer Money Madness casino-wide progressives[28:45] http://BlackjackApprenticeship.com - blackjack training site

Our guest this week is Houston Curtis. Houston is a sleight of hand expert, and executive producer of the live streaming poker show "Live At The Bike." We talk about some of the recent poker cheating scandals and what you can do to protect yourself. He is also the author of Billion Dollar Hollywood Heist, and his experiences playing in "Molly's Game."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.Show Notes[00:00] Introduction of Houston Curtis, sleight of hand and game protection expert[00:41] GWAE is changing podcast platforms[02:23] Live at The Bike[07:45] Limon[08:46] Cheating in card games[13:28] RFID, hole cards, Mike Postel, home games[20:09] Shufflemaster vulnerabilities in Texas[27:47] South Point Casino July Promotions - $25k and $1k-$2.5k casino wide progressives[28:33] http://BlackjackApprenticeship.com - blackjack training site with analytical software, training guides,

Our guest this week is Anthony Curtis. We talk about what's new in Las Vegas, and upcoming books from Huntington Press.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.Show Notes[00:00] Introduction of Anthony Curtis, publisher of The Huntington Press and The Las Vegas Advisor[00:30] Upcoming books by James Grosjean from The Huntington Press[06:34] Other upcoming books from The Huntington Press[09:48] Houston Curtis' upcoming book[18:08] New ownership at The Palms[28:00] South Point Casino June Promotions - $600k Spin to Win[29:33] http://BlackjackApprenticeship.com - blackjack training site with analytical software, training guides, members forum, and chat room[30:02] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners  [32:56] WSOP on The Strip, online poker[37:20] CIrca football contests, recent Circa Sports hires[40:29] Vi

No guest this week as we answer questions from our mail bag.  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.Show Notes[00:00] Introduction[00:38] Double Up feature in video poker[02:46] Effect of variance when playing multiple hands on blackjack[04:00] Playing online vs playing in-person[05:50] Legality of relaying hole card information[08:06] Pressing a casino on a jackpot that might have gone unpaid[10:48] Tax evasion versus tax avoidance[15:31] The value of strategy deviations in blackjack[16:57] Continue to play after being flyered?[20:54] Keno tournaments[23:36] Expected value in video poker progressives[24:16] Players who won $90,000 in cash[27:22] Getting a pin-locked players card[29:30] Playing rated versus unrated[30:44] South Point Casino June Promotions - $600k Spin to Win[32:31] http://BlackjackApprenticeship.com - blackjack training site with analytical software, training guides,

Our guest this week is a return visit from professional sports bettor, Fats.  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.Show Notes[00:00] Introduction of sports bettor, Fats[00:37] Fats' Twitter prediction about William Hill and Circa Sports, Twitter.com/real_fats[03:17] Torturing Spiro The Greek[08:09] Meeting with the heads of offshore books[11:03] 1992 Billy Walters' computer trial[21:28] South Point Casino June Promotions - $600k Spin to Win[23:07] http://BlackjackApprenticeship.com - blackjack training site with analytical software, training guides, members forum, and chat room[23:39] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners  [24:50] Fats and Spanky were arrested[42:15] Advice for new sports bettors[47:45] Sports betting tournaments[54:57] Recommended: Ed Thorpe on Tim Ferris podcast, The Hanging Judge b

Our guest this week is professional sports bettor known as Fats. Fats has been at it over 30 years, and has worked with the best of the best, as well as running his own crew. The man can tell a story.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.Show Notes [00:00] Introduction of sports bettor, Fats[00:50] Fats' Twitter, Twitter.com/real_fats[04:52] Fats' introduction to sports betting[06:01] Getting backed off from betting[08:15] Betting with "The Businessman"[11:17] Fats' math background[12:51] Betting baseball[17:07] Does Fats originate bets?[27:00] Top down versus chasing steam[29:09] South Point Casino June Promotions - $600k Spin to Win[30:46] http://BlackjackApprenticeship.com - blackjack training site with analytical software, training guides, members forum, and chat room[31:17] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for

No guest this week as we answer questions from our mail bag.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.Show Notes[00:00] Introduction[00:28] What other professions would Bob and Richard have considered?[05:37] Caesars stops sending a player mailers[07:15] Would Bob or Richard auction off a meeting?[09:07] Brainstorming dead plays[17:02] How to prepare for a play that happens at unusual hours[18:59] 8/5 Aces Bonus[20:35] Card counting and AP slots at the same casino[21:35] Video poker tournament strategy[24:00] Getting Diamond status via hedges[26:07] Richard's $3000 bet on roulette [28:24] Illustrious 18 question [29:35] Blackjack strategy and dealer management question[32:54] South Point Casino May Promotions - Half-priced gas and goods, $32k Hot Seat Promotion 5/30[33:43] https://BlackjackApprenticeship.com - blackjack training site with analytical software, training guides, members forum

Our guest this week is Elihu Feustel. Elihu is a professional bettor that has also worked the other side of the counter so he brings a unique perspective to his 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.Show Notes[00:00] Introduction sports bettor, Elihu[00;35] How did Elihu get started in gambling?[01:11] Playing blackjack[02:22] Elihu's education and professional life[03:48] Transitioning from blackjack to sports betting[05:51] Working for Pinnacle[08:18] Backgammon[08:59] More on Elihu's Pinnacle work, trading[12:30] Lessons learned from working in a premier sportsbook[14:07] Identifying sharp players and market manipulation[20:26] Derivatives betting[22:03] Sportsbook Review [24:14] Nitrogen Sports[25:43] Lessons from moderating Sports Book Review[29:50] South Point Casino May Promotions - Half-priced gas and goods[31:01] http://BlackjackApprenticeship.com - blackjack trainin