Gambling With An Edge

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

 No guest this week as Bob and I once again dip into the 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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction [00:56] Is online advantage play becoming more or less valuable? [03:22] Are large jackpots paid in Bitcoin taxable? [05:15] 9/5 Triple Bonus Poker Plus [07:20] A listener thanks GWAE the education and entertainment [09:21] Jackpot promotion question [13:53] Graveyard shift etymology [15:12] Video poker pay table calculations [17:32] Scouting tips [18:38] Earning tier credits at Caesar's properties [22:34] Super Times Pay and Magic Deal frequencies [25:01] Blackjack bet sizing, chip management, and CTRs [27:29] Playing blackjack through heat while unrated [29:56] Royal flush frequency [31:24] $1 DDB calculations [33:25] South Point Casino September Promotions - $500,000 Guaranteed Money Madness [35:37] 

Our guest this week is return guest, blackjack player HitA7.  We talk some more about HitA7's career and then answer a few questions from the 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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of advantage player HitA7 [00:34] Getting backed off at the Barona [03:20] Does HitA7's wife approve of his advantage plays? [07:38] A losing year [09:58] Playing while pretending to not speak English [11:14] Double deck games on The Strip [13:28] Cover, top bet, and spread [15:04] Playing as a part-time player [16:50] Playing during the pandemic [19:00] Lessons learned from long losing streaks [22:16] Networking [26:38] Other forms of advantage play [27:06] CTR issues [29:55] How closely does HitA7 watch the pit? [31:02] Advice for common card counting mistakes [32:35] Rat holing chips [34:20] Taking advantage of promo

Our guest this week is blackjack player HitA7. We talk about how he got started and his play in Mexico and South America. 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 HitA7 [01:01] Thanks for posting reviews of GWAE on Stitcher, iTunes, Spotify, etc [02:10] HitA7's early gambling experiences [04:16] Playing with a Latino accent [06:52] BlackjackApprenticeship.com and card counting [09:15] Bankroll, bet size, and losing streaks [11:12] Can playing in Mexico be dangerous? [14:43] Mexican casinos [19:33] Playing in Colombia [33:41] Playing in Chile [38:45] South Point Casino August Promotions - Half-priced Walmart gift cards [39:14] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners[39:50] BlackjackApprenticeship.com - card counting train

Our guests this week are returning guest Lone Wolf, and his daughter Wolfetta.  He taught his daughter to play, and now they do AP playing together. 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 Lone Wolf and Wolfetta [00:50] How did Lone Wolf start playing with Wolfetta [01:51] Wolfetta's training and initial play [03:33] Hole-carding [04:32] How does Wolfetta's husband feel about her AP work? [05:31] Working full-time and playing part-time [06:30] Father and daughter cover stories [08:00] Playing conditions during COVID-19 [15:00] Cashing chips [18:00] Wolfetta's cover [20:25] Signals [20:57] Playing safely during COVID-19 [22:00] Counting versus hole-carding [23:38] Lone Wolf's back-offs [26:52] Using emotional swings as cover [30:50] South Point Casino August Promotions - 50% off of Walmart gift cards [31:3

Our guest this week is blackjack pro Loudon Often. Loudon was the biggest money winner on the Church Team which was featured in the documentary "The Holy Rollers." 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 blackjack player Loudon Often [00:41] How did Loudon start playing blackjack? [03:21] Playing with the Church Team [04:41] Loudon's background in writing and theology [09:49] Barring stories and back rooms [12:04] Working on BlackjackApprenticeship.com's Blackjack Bootcamps [14:55] Playing solo versus team play [19:14] Long losing streaks [21:05] How many hours per month does Loudon play? [22:17] Loundon's wife and family [26:25] South Point Casino August Promotions - Half price Walmart gift cards [27:22] Predictit.org/promo/edge - place small bets on political events, $20 deposit match for GWAE listeners

Our guest this week is Colin Jones of Blackjackapprenticeship.com.  We answer blackjack and card counting questions from our listeners. 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 Colin Jones, head of BlackjackApprenticeship.com, blackjack player, and blackjack teacher [00:41] The recent mid-week Blackjack Bootcamp [04:44] Colin's upcoming interview with Richard [06:24] Next card hole carding at blackjack [10:42] Cashing chips after getting 86'd [13:31] Facial recognition and masks [17:11] Casinos capturing cell phone communications or data [18:17] Is a name ever clean again after a back-off? [21:12] South Point Casino August Promotion - Half-price Walmart gift card [22:27] Predictit.org/promo/edge - place small bets on a variety of political events[23:33] VideoPoker.com/gwae - Gold Membership offers correcti

Our guest this week is Max Coins, an option trader who had many low roller shenanigans he played in Vegas and Atlantic City when he was younger, as well as some high-roller play later in his career.  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 Max Coins [00:50] Max's friend, Sam [02:30] Pranking Binion's [04:40] Sahara promotions [08:08] Other coupon advantage plays [19:27] Vegas World coupon strategies [28:28] South Point July Promotions - "Spin to Win" [29:33] Predictit.org/promo/edge - place small bets on political outcomes, $20 deposit match for GWAE listeners [30:15] BlackjackApprenticeship.com - card counting training site and community, Blackjack Boot Camps available [31:30] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership included correction on QQ

Our guest this week is David Hill, author of the new book "The Vapors." 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 David Hill, author of The Vapors: A Southern Family, the New York Mob, and the Rise and Fall of Hot Springs, America's Forgotten Capital of Vice [00:40] History of gambling, politics, and mob activity in Hot Springs [13:29] Research and interviews for The Vapors [17:50] South Point Casino July Promotions - "Spin to Win" [19:10] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners[19:51] BlackjackApprenticeship.com - card counting training site and community, Blackjack Boot Camp scheduled for July 23rd [20:20] VideoPoker.com/gwae - Gold Membership offers correction on most game, 1000 hand free trial of Pro Membership for GWAE listeners [21:

No guest this week as Bob and I once again dip into the 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. podcast Click to listen - Alt click to download Show Notes [00:00] Intro [01:02] Sexcism discussion [03:06] Face up UTH [06:11] Card counting and playing for comps [08:21] Laying odds in backgammon [13:52] Video poker player has been excluded from multiplier promotions [16:55] Any unusual card counting method for Spanish 21 [18:40] Is it legal to use a VPN to play online poker? [20:37] New table player restrictions and current blackjack table conditions [22:34] Multiple hand video poker bankroll question [23:36] Progressive suited royal flushes [24;44] Maintaining anonymity at high stakes [27:09] Bankroll needed for $32k coin-in on full pay Jacks or Better [28:37] Scouting video poker [30:58] Strategies for physical ticket drawings [32:44] Does changing a video poker machine affect

Our guest this week is T Dane,  a surveillance expert, and author of "Behind the Black Dome." 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 T. Dane surveillance expert and author of Behind the Black Dome [00:36] The origin of the name T. Dane [01:42] How much of Behind the Black Dome is still relevant? [02:48] T. Dane's employment history [04:44] The impact of Covid-19 on surveillance [08:08] When would surveillance employees want to identify a person [12:36] Do surveillance employees get sent down to the floor? [13:22] How much focus on advantage play? [14:41] Are there incentives from management to catch advantage players? [16:51] Players with tunnel vision [20:01] Database usage and contributions [23:36] What size win would trigger a tape review? [25:21] South Point Casino July Promotions - "Spin to Win," po

Our guest this week is Maria Konnikova. Maria is a PHD in psychology, and a best-selling author who decided to spend one year learning to play tournament poker from Eric Seidel, and write a book about it.  she did so well in one year that she turned pro.  Her book is "The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win." 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 Maria Konnikova, author of The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win [00:41] Excerpts of The Biggest Bluff are available online [01:31] Erik Seidel's mentoring [03:56] Psychological and mathematical foundations in poker [05:21] No-Limit Hold'em cash play and tournaments modeling [07:51] Processing and problem solving in poker hands [10:10] Meeting Erik's family [12:27] Playing poker after a year

No guest this week as Bob and I once again dip into the 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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction [00:39] Bob's recent experiences in Las Vegas casinos [09:33] Richard's thoughts on indexes? [12:05] Online blackjack [14:14] At what level does the heat subside? [15:34] The Illustrious 18 [16:35] Rocky Aoki stories [18:47] What constitutes a losing streak? [19:59] The processing of six-figure jackpots [27:06] Is card counting better than scouting for other plays? [29:54] How can a blackjack player play longer sessions? [31:57] Rat-holing chips [34:22] Problems downloading the podcast [35:40] Full pay Jacks or Better progressives in Las Vegas [36:43] Memorable guests and favorite episodes [38:47] Exhibit CAA [40:30] Card mechanic videos [41;29] Tips on buying a vintage video poker machine [41:58] Blackj