Richard W. Munchkin: October 2020

Thursday, October 29, 2020

Gambling With an Edge - guest slot AP Prax

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] BlackjackApprenticeship.com - card counting training site and community
[38:49] VideoPoker.com/gwae - Gold Membership offers correction on most games

[39:55] Slot hustling in Las Vegas
[42:56] Training in Europe
[48:37] Prax's parents' opinion of his AP lifestyle
[53:58] Van life
[55:57] Recommended - Post Modern Jukebox, Google My Maps

Sponsored Links
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com
VideoPoker.com/gwae

Relevant Links:
RXGamble.com
Twitter.com/rxgamble

Books Referenced:
Professional Blackjack by Stanford Wong https://amzn.to/2HJ3FlL
Gambling Wizards by Richard. W. Munchkin https://amzn.to/31O9qp2

Recommended:
Postmodernjukebox.com

Google.com/maps/d

Thursday, October 22, 2020

Gambling With an Edge - guest Bob Nersesian

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

[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 after being trespassed?

[08:32] Young vs Nevada Gaming Control Board and its implications

[23:37] ID requests by police during a formal trespass

[31:18] South Point Casino October Promotions - Free Play with a Kicker

[31:56] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners

[32:40] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership trial for GWAE listeners

[33:53] Signaling in a one-player carnival game

[37:06] Using marijuana smell as cover

[39:24] Do European players have the same rights in the U.S. as American players?

[40:20] Video poker tables and progressive errors

[45:45] Covering name on ID during an age check

[48:33] Using a fake Taiwanese passport

[52:11] Recommended - Fargo on FX

Sponsored Links:

SouthPointCasino.com

Predictit.org/promo/edge

VideoPoker.com/gwae

Books Referenced;

The Law for Gamblers https://amzn.to/3lKF8eC

Some of Bob's recent appearances on GWAE:

lasvegasadvisor.com/gambling-with-an-edge/podcast-guest-attorney-bob-nersesian/

lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-bob-nersesian-18/

lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-bob-nersesian-17/

many more available at gamblingwithanedge.com

Recommended:

FXnetworks.com/shows/fargo

Thursday, October 15, 2020

Gambling With an Edge - guest Matt of PlusEVanalytics part 2

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 - Free Play with a Kicker

[25:00] Predictit.org/promo/edge

[25:32] BlackJackApprenticeship.com - card counting website and community

[26:21] VideoPoker.com/gwae - Gold Membership offers correction on most games

[27:21] Pricing counterparty risk

[29:11] Promotion stories

[32:54] Tesla Model S

[34:54] Correlated parlays

[40:31] Domestic versus offshore sports betting

[42:18] Touts

[48:50] How can listeners contact Matt?

[49:38] Recommended - 99 Second Story Telling Contest, My Octopus Teacher, RX Gamble

Guest links:

PlusEVAnalytics.com

Twitter.com/PlusEVAnalytics

Sponsored Links:

SouthPountCasino.com

Predictit.org/promo/edge

BlackJackApprenticeship.com

VideoPoker.com/gwae

Recommended:

99 Second Story Grand Slam https://fb.me/e/3IPJBlqsF

My Octopus Teacher Netflix.com/title/81045007

RXGamble.com

Thursday, October 8, 2020

Gambling With an Edge - guest author Peter Alson

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

[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] Calculating commission on recruited players

[33:14] South Point Casino October Promotions - Free Play with a Kicker

[33:51] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners

[34:19] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners

[35:27] The original of the title The Vig

[37:36] Life lessons from being a bookmaker

[41:14] The aftermath of writing a book about former co-workers

[43:58] Writing about dysfunctional relationships

[49:21] How can listeners contact Peter?

[50:40] Recommended: Amore Taste of Chicago restaurant, All American on Netflix, remembering Mike Sexton

Peter Alson's links:

PeterAlson.com

Facebook.com/peter.alson

The Only Way to Play It by Peter Alson https://amzn.to/2GLfOWr

The Vig by Peter Alson https://amzn.to/3jbCAFr

The Novice Twins: A Novel by Eden Alson

One of a Kind: The Rise and Fall of Stuey Ungar by Nolan Dalla and Peter Alson https://amzn.to/3iHSKFo

Peter's previous appearance on GWAE - LasVegasAdvisor.com/gambling-with-an-edge/podcast-guest-peter-alson

Sponsored Links:

SouthPointCasino.com

Predictit.org/promo/edge

BlackjackApprenticeship.com

VideoPoker.com/gwae

Recommended:

AmoreTasteofChicago.com

All-American - Netflix.com/title/81012998

Thursday, October 1, 2020

Gambling With an Edge - guest Matt of PlusEVanalytics.

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 Shackleford, and market efficiency

[30:35] Sportsbook hold versus roulette hold, epistemic uncertainty and adverse selection