The New Math of Gambling
The article "The New Math of Gambling" in Discover Magazine May 2000 was an article that shows the use of software, math and a few hours of time to beat the house when gambling. These life stories and achievements the individuals have are truly remarkable and real.
The article begins with Anthony Curtis who is a blackjack conqueror. He is a regular gambler at the Binion's Horseshoe tables in Las Vegas. He was once a rugby player turned publishing guru of the Huntington Press. He states right off that the dealers are crabby and tough in Vegas but this doesn't stop his science towards blackjack and his flirting with a cute dealer. He won the Match-Play Blackjack Championship in 1987 by card counting and having the ability to track many events going on at once.
"When an ace came up, he put his heel down…second ace, foot to the left…third ace, up on his toe and forth ace, foot to the right." Anthony then counted 2's and 8's as +1, 3's 4's 6's and 7's as +2, 5's +3, 9's --1, and 10's and face cards as --3. Whenever his count went positive he boosted his average bets and winnings.
Curtis found his gambling spirit after reading "How to win at Blackjack" and has read many other mathematical scientific techniques on winning in Vegas. The Baldwin Group, four army mathematicians, taught how to win and play each hand efficiently. This made blackjack the most profitable game in gambling. Other novels and even giving up a wrestling scholarship has led Curtis to win 101.1% return during his off hours.
Over the long haul of a normal gambling night, the house will win anywhere from 1 to 60 percent return on gambler's money. Americans lost $55 billion in 1998, and extreme losses have increased in recent years. Gambling is legal in all states but Hawaii, Utah and Tennessee.
The second success story comes from a video poker player named Jean Scott. Jean is the queen of Video Poker having been a blackjack counter for many years. An average hour for Scott is to play 600 hands and cycles going through $3000 like candy.
Scott is a minister's daughter who is "taking the money to God away from those evil casinos." She plays at the Orleans, a casino that attracts locals who prefer advantageous games.
The need among Americans to be diverted in ever more imaginative ways -- through high-thrill parks, virtual reality arcades, and theme restaurants, plays right into the hands of Dave Corriveau and Buster Corley, co-founders and CEO’s of Dave and Busters. The duo’s 50,000 square foot complexes include pool hall, an eye popping, cutting edge midway arcade, a formal restaurant, a casual diner, a sports bar and a nightclub rolled into one sprawling complex. In business since 1990, this is a high energy, highly efficient operation that’s comparable to a Vegas extravaganza. As a matter of fact there are even “for fun” cashless blackjack tables, with fake $10,000 chips. Pricey, but not outrageous, and you get value for your money.
Abcarian, Richard, and Marvin Klotz. "The Lottery." Literature: the Human Experience. 9th ed. Boston: Bedford/St Martin's, 2006. 350-56. Print.
The strategies provided in this report are proven to be valid, and in fact there are cases in which group of people work together playing blackjack using these strategies and gained them millions of dollars. Nevertheless, there are still several improvements that can be made, such as explaining different types of basic strategies, adding more examples, clearer explanation, and also explain about how to beat blackjack dealers by working in teams. In short, players should be able to gain profit from playing blackjack if they follow the strategies (basic strategy, card counting, and betting according to true count) provided in this report, as it will increases the chances of winning blackjack.
In the blackjack deck there are four times as many 10’s as any other card;
In the course of writing this paper I learned about the way the human mind can be manipulated by very simple things, and when it is discovered it is often too late. There are smart gamblers who do win, but the majority don’t think and wind up spending incredible amounts of money.
When you love someone, you 've gotta trust them. There 's no other way. You 've got to give them the key to everything that 's yours. Otherwise, what 's the point? And for a while, I believed, that 's the kind of love I had” (Casino). Casino centers on Sam ‘Ace’ Rothstein, a gambler of legendary skill who is sent by the mob in the early 1970s to Las Vegas to manage its newly acquired Tangiers Hotel and Casino. Ace is an outsider among outsiders: a dispassionate, calculating, almost pitifully tender civilian among thugs. He’s a Jewish bookie sent by the mob to manage a Vegas casino and embezzle cash for the crime bosses back home. Even when he dons a flamboyant suit and runs patrol around the felt tables of his amoral arena, he looks unsatisfied.
The adrenaline-rushing feeling of gambling offers people the idea that opportunity lies within their hands. Unfortunately, there are far too many consequences to gambling to even begin to count. To win you must play, and to win big you must play big. As more gamblers can recall their losses rather than their winnings, gamblers are often dealt with poor hands and must play the risky game to stay alive. Even though gambling has so many faults, some still fall under its corruptions because of gambling’s deceiving fallacies.
Misperceptions about the game of roulette are as old as the game itself. Mathematical formulas, betting strategies, and money management systems, each one guaranteed to beat the system. Each one..failing. Despite the claims made by their proponents, a little research will show that there are only two ways that have been successful in beating roulette: cheating and science.
"Gamblers Anonymous: Q and A." Gamblers Anonymous Official Home Page. Web. 12 May 2011. .
“Problem gambling, also known as gambling addiction or compulsive gambling, is defined as the urge to gamble despite harmful negative consequences or a desire to stop” (Northstar Problem Gambling Alliance 2015). Karen Frazier states, nearly 3 percent or 6 million adults and 500,000 teens meet the criteria for problem gambling (Frazier, 2015). Legalized Gambling has many positive aspects, and it should be noted that though a large number of citizens are considered “problem gamblers,” the majority of the population gambles causally and in moderation.
This article provides survey answers to questions on gambling which can be helpful in the research
Huge, splashy signs advertising Mystic Lake Casino line the interstates crisscrossing the Twin Cities. "Is today your lucky day? There's one way to find out." "Need a reason to visit us? We'll give you a million...Literally." While some people attend movies or head to a bar for weekend entertainment, others flock to the flashy Mystic Casino in Prior Lake, Minnesota to try their luck. My image of casinos was formed by the Las Vegas movies that portrayed gambling as a win-all or lose-all pass time. My boyfriend Seth, who has frequented the casino blackjack tables since he hit the legal gambling age, was quick to inform me that my attitude was an inexperienced one. For some the atmosphere, people, and thrill of risk taking that the casino offers far outweigh the illusion of a get rich quick fantasy come true. Many gamblers consistently visit a casino for the same reason others hang at their favorite bar–entertainment. At first I took my boyfriend's reasoning as the early stages of gambling addiction, but as I began to spend more time at Mystic Lake, I realized the casino can be an entertaining place when a person knows his or her limits.
With so much money at stake, the average gambler does not stand a chance. against this big business. The casinos go to every length to analyze what makes a gambler bet, stay longer, and lose as much money as possible. Gamblers who come to casinos with the intention of winning money are habitually disappointed in the snare. As casino crime lord, Meyer Lansky's universal.
Gambling has been around since 2300 B.C. It has its positive and negative effects; it also has somewhat of a positive impact on the economy. It stimulates most communities by creating jobs and generates tax revenue for state and local governments. The gambling industry in “2002 and the commercial casino industry provided 350,000 jobs in the United States” (americangaming.org). Even though gambling can bring a lot of economic growth to the economy there is still an argument going on today whether it is a great choice to legalize it everywhere.
Gambling is described as the betting of money or property on the result of an event or game that is mainly random with the desire to win more money or gain additional property. The industry or sector created by the activity of legal gambling is referred to as gaming. Since inception, gambling and gaming has continued to develop to an extent that it worth more than $335 billion across the globe. Most of the revenues obtained in this industry are generated by casinos and lotteries. In the past few years, gambling and gaming have attracted significant concern and controversy, especially with regards to the morality of the practice and whether its financial benefits outweigh the damage. While proponents of gambling