Gambling With an Edge - mail bag 7/28/2022

 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.

https://www.spreaker.com/user/7418966/email07222022

click to listen - alt click to download

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]  Scalping James Grosjean's book

[46:32]  Video poker ROI

[47:40]  Estimating error video poker error rate

[49:40]  W2Gs on Native American casinos

[50:36]  Baccarat dealer errors

[52:14]  AP diversity

[55:27]  Recommended:  Alone on Netflix, Lifespan by David Sinclair

Sponsored Links:

http://SouthPointCasino.com

http://BlackjackApprenticeship.com

http://VideoPoker.com/gwae

Books Referenced:

Sharp Sports Betting by Stanford Wong https://amzn.to/3Ja6UOu

The Logic of Sports Betting by Ed Miller and Matthew Davidow https://amzn.to/3PFQkbN

20/20 Sports Betting by Logan Fields https://amzn.to/3oxYLdc

Recommended:

"Alone" http://Netflix.com/title/81271131

Lifespan by David Sinclair https://amzn.to/3Jf83UI

Gambling With an Edge - guest Norman Zadeh

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.

https://www.spreaker.com/episode/50630679
  Click to listen - Alt click to download


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://BlackjackApprenticeship.com

[39:01]  https://VideoPoker.com/gwae

[39:55]  Norman’s books

[42:39]  Norman’s investing competition

[51:20]  Recommended: The Master Mechanic by I.G. Broat, Risk of Ruin Podcast episode “The Audacity of Help” education in math or computer science

Sponsored Links:

https://SouthPointCasino.com

https://BlackjackApprenticeship.com

https://VideoPoker.com/gwae

Guest Links:

https://Financial-competitions.com

Books by Norman Zadeh - https://amzn.to/3oD52o5

Recommended:

The Master Mechanic by I.G. Broat - https://amzn.to/3PvKh98

https://Podcasts.apple.com/us/podcast/risk-of-ruin/id1527018692

Gambling With an Edge - guest Will

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.

https://www.spreaker.com/user/7418966/will
Click to listen - Alt click to download


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-to-head

[46:28]  DFS mindset versus AP mindset

[50:15]  Atlantic City friendly kidnapping story

[57:45]  Recommended:  Laos Asia Market, Death on the Nile, Other Ship app

Sponsored Links:

http://SouthPointCasino.com

http://BlackjackApprenticeship.com

http://VideoPoker.com/gwae

Recommended:

Laos Asia Market https://www.yelp.com/biz/laos-asia-market-las-vegas?start=40

http://20thcenturystudios.com/movies/death-on-the-nile

http://Othership.us/app

Gambling With an Edge - guest Adam Bjorn

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.

https://www.spreaker.com/user/7418966/abjorn

Click to listen - Alt click to download

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 with analytical software, training guides, members forum, and chat room

[29:17]  http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners

[29:54]  Adam's software work

[33:15]  Bottom-up versus top-down

[35:58]  Programming and sales

[37:07]  Is Adam still betting?

[40:54]  Top-down approach

[43:17]  Less volume, bigger edge

[44:12]  Billy Walters

[45:24]  Gambling in India

[48:20]  Hedging

[50:40]  Recommended:  Banza pasta, Ultimate X Poker by James H. Haskell, Atomic Habits by James Clear

Sponsored Links:

http://SouthPointCasino.com

http://BlackjackApprenticeship.com

http://VideoPoker.com/gwae

Guest Links:

http://Adam-bjorn.com

http://Twitter.com/adambjorn2

Recommended:

http://Eatbanza.com

Ultimate X Poker by James H. Haskell https://amzn.to/3bXbUJJ

Atomic Habits by James Clear https://amzn.to/3AyVuSc