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Thursday, December 18, 2014
Gambling With an Edge - Surveillance Agent Jay
Agent Jay has been working in Las Vegas surveillance rooms for over 20 years. He is our guest this week to tell us what surveillance people are looking for when watching for advantage players.
Saturday, December 13, 2014
How Casinos Cheat
Many of you may have read James Grosjean's blog posts entitled How Casinos Cheat. If not you can find his excellent blog here, Beyond Numbers. I very much agree with JG that the danger of being cheated by a casino is not them dealing you seconds, or hitting you with a cooler. They have a much bolder, and more effective way of cheating. If you lose, too bad. If you win, they just refuse to pay.
Recently I was told one of the most egregious cases I have ever heard of. The Playboy Club in London stole the money of two players for counting cards. The two players played in the casino for 3 or 4 nights, and left their money on deposit with the casino. On the last night they went to withdraw their money, and the casino told them they would not give them their deposit money back because they had been counting cards, and card counting was against the rules of their club. The money stolen was over £30,000 or approximately $50,000. They weren't accused of cheating, just counting cards. I know nothing of British law, but I can only infer that there has never been a court case testing the legality of counting. Now maybe they know they will lose the case, but want to harass people from another country who will have to fight a court battle from overseas. Or maybe they were emboldened by the awful decision in the Phil Ivey case.
I grew up reading stories of the old "road gamblers". Doyle Brunson told me, "First we had to win the money, then we had to collect the money, and then we had to get out of town with the money." Between the casinos stealing from players, and then the police and their asset forfeitures, I can't say much has changed.
Did I mention that the Playboy Club is owned by Caesars Entertainment? Stay classy Mr. Loveman.
Recently I was told one of the most egregious cases I have ever heard of. The Playboy Club in London stole the money of two players for counting cards. The two players played in the casino for 3 or 4 nights, and left their money on deposit with the casino. On the last night they went to withdraw their money, and the casino told them they would not give them their deposit money back because they had been counting cards, and card counting was against the rules of their club. The money stolen was over £30,000 or approximately $50,000. They weren't accused of cheating, just counting cards. I know nothing of British law, but I can only infer that there has never been a court case testing the legality of counting. Now maybe they know they will lose the case, but want to harass people from another country who will have to fight a court battle from overseas. Or maybe they were emboldened by the awful decision in the Phil Ivey case.
I grew up reading stories of the old "road gamblers". Doyle Brunson told me, "First we had to win the money, then we had to collect the money, and then we had to get out of town with the money." Between the casinos stealing from players, and then the police and their asset forfeitures, I can't say much has changed.
Did I mention that the Playboy Club is owned by Caesars Entertainment? Stay classy Mr. Loveman.
Friday, December 12, 2014
Gambling With an Edge - guest Jake Jacobs 2
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Thursday, December 4, 2014
Gambling With an Edge - Rick Blaine author of Blackjack Blueprint
Our guest this week is Rick Blaine, author of Blackjack Blueprint. This is a terrific book for counters, newly updated in May, 2014.
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