Gambling With an Edge

Blair Hull was known as the first "BP" or "Big Player". Ken Uston wrote a book called, "The Big Player" after he replaced Blair in that role. Taking what he learned from counting cards Blair moved to a much bigger casino with higher stakes, the options exchange.We discuss three big gambles in Blair's life. In 1987 the markets were all crashing, and Blair walked onto the exchange floor saying to himself that his job was to make a price on both buy or sell. There were only people wanting to sell, and like it or not he had to give them a price, and buy what they were unloading. Second we talk about his decision to run for US Senate, and was beat in the primary by a young organizer named Barak Obama. Last we talk about how Blair came out of retirement when he saw that people were buying options as if they were lottery tickets.You can reach me at lifeisagamblepod@gmail.com, or find me on Twitter @RWM21 or @lifeisagamblepod on Threads. If you like the show please tell a friend you think might like it, or if you are really ambitious leave a review wherever you listen.LinksHull Tactical Asset Allocation http://www.hulltactical.com/Twitter - @blairhull

Sarah Jane Woodall has been known for the last dozen years as Wonderhussy. She is a writer, actress, model, and all-around creative. I talk to her about what I consider a huge gamble, and she shrugs it off as no big deal. What was her job I thought was so risky? Driving out to the middle of nowhere in the desert with a complete stranger, and working as a nude model.You can reach me at lifeisagamblepod@gmail.com, or find me on Twitter @RWM21. If you like the show please tell a friend you think might like it, or if you are really ambitious leave a review wherever you listen.Wonderhussy LinksWonderhussy website http://wonderhussy.com/Instagram https://www.instagram.com/wonderhussyadventures/Her more adult Instagram https://www.instagram.com/wonderhussy/Youtube channel https://www.youtube.com/@Wonderhussy

AP White dropped out of college 3 times before finally graduating, and getting that 6-figure per year job. But once he started working he found he hated the job. He decided to quit, and go on the road as a professional advantage player.You can reach me at lifeisagamblepod@gmail.com, or find me on Twitter @RWM21 or @lifeisagamblepod on Threads. If you like the show please tell a friend you think might like it, or if you are really ambitious leave a review wherever you listen.

Hey everyone. This is episode one of my new podcast. As you can see, it is called Life is a Gamble, and as the title indicates it will be about life's gambles. I am still feeling my way here so things may morph and change as time goes on, but I hope you come along for the ride.You can reach me with questions, comments, etc. at LifeIsAGamblePod@gmail.com, or on twitter @rwm21.

This is our final scheduled episode of GWAE. We close out the show with questions from our mail bag. It's been a great ride for 12 years, and we are really grateful for the outpouring of kind words from our listeners, and for our sponsors over the years.Show Notes[00:00] Introduction[00:47] Lessons learned from guests on GWAE[04:45] Missed advantage plays[09:38] Memorable moments[13:26] Bankroll management and session size[15:45] Will Bob continue to blog on Las Vegas Advisor?[16:23] Penalty cards in 10/7 Double Bonus[16:54] Odds boosts[18:21] Hole carding[20:04] Card pulling on video poker[21:37] Other advantage play resources[24:09] Life lesson from gambling[28:05] Gathering free play off of multiple cards[30:14] Predicting the future of advantage play[31:55] Continuous shuffling machines[32:56] Favorite casino games[34:11] Largest failures[36:20] Best gambling advice[39:10] Commercials[42:02] "Carnival" games[44:39] Extracting value from promo chips and coupons[47:50] Lowering the house edge at blackjack without card counting[50:13] Mistakes and play speed in video poker[51:34] Closing remarksSponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaehttp://Unabated.comhttp://SouthPointCasino.comShort Stories and Books Referenced:http://Cbc.ca/books/literaryprizes/the-gods-of-scrabble-by-mo-srivastava-1.4244078Quit: Knowing When to Walk Away by Annie Duke - https://amzn.to/3BElw5SComp City by Max Rubin - https://amzn.to/42NUx3APodcasts Referenced:http://Theringer.com/gamblers-podcasthttp://Thehammer.bet/channel/circles-offhttp://Podcasts.apple.com/us/podcast/risk-of-ruin/id1527018692http://Twitter.com/bebetterbettors

This bonus episode is something we probably should have done a lot more of. No guest, no mail bag questions, just a conversation between Bob and IShow Notes[00:00] Introduction[00:37] Playing in New Orleans, hotel rooms, entering the casino[05:39] Dealer rotations, playing through breaks[09:16] Driving to a casino, parking, cabs[13:33] Advantage play before cell phones[16:13] "Playing a secret game"[24:55] Bob's slot plays, lifestyle[30:42] Frugality, saving, investing[34:41] Does Bob consider himself to be an optimist or pessimist?[36:03] Career regrets

Our guest this week is Michael Shackleford aka The Wizard of Odds. We discuss the updated version of his book "Gambling 102", and his thoughts about being part of Gambling With an Edge over the years.Show notes[00:00] Introduction of Michael Shackleford, The Wizard of Odds[01:28] A new version of Gambling 102[02:45] Cashman Bingo[04:17] Figuring out the strategies for vulnerable games, crowdsourcing data[05:32] Does Michael play these games?[07:37] Must-Hit-By machines, probability of winning, adjusting for hold by state[13:48] Differences between video poker and slots[20:42] Other new chapters in Gambling 102 on Crapless Craps and Face Up Pai Gow[22:30] Ultimate X Bonus Streak strategy[26:19] Michael tells Bonnie that Bob takes a lot of cruises[27:50] Commercials[30:53] How long will Michael remain The Wizard of Odds?[30:29] Michael's retirement plans[36:29] Face Up Pai Gow progressive jackpot[37:52] Michael's most memorable GWAE episodes[41:46] Bob's favorite GWAE episode, Kelly Sun[43:12] Richard's favorite GWAE episodes, Mike Sexton, Billy Baxter, Dewey Tomko[44:33] Final thoughtsSponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaehttp://Unabated.comGuest Links:http://WizardOfOdds.comhttp://WizardOfVegas.comhttp://Twitter.com/Wizard0fOdds

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.Show Notes[00:00] Introduction[04:46] RNGs in video poker[05:47] Las Vegas Advisor free play strategies[06:57] Does play on a cruise affect ADT or status at brick and mortar casinos[10:05] Video poker session length[12;41] Second language value for APs[15:25] Video poker progressives strategy cards, common progressive games[17:43] Generating losses, lifetime win for slot players[19:09] Recording video poker sessions[20:48] Books about Las Vegas[26:39] Ultimate X Gold strategy[29:06] A player who lives on a boat and travels to play promotions[30:48] Video poker card frequencies[31:46] Blackjack spreads and playing for comps[33:00] Playing at a newly opened casino[36:08] Commercials[38:29] Favorite advantage play game[41:11] Remaining in a casino's database, OSN[43:30] Misdeals [44:35] Doubling on 12 as cover[47:05] Buying in at tables with slot tickets[49:05] Recommended: The Night Agent on NetflixSponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaehttp://Unabated.comRecommended:The Night Agent - http://Netflix.com/title/81450827

Our guest this week is Captain Jack Andrews on for our final episode about sports betting. We talk about the state of the industry, as well as some of the tools at unabated.com.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.Show Notes [00:00] Introduction of Captain Jack Andrews of Unabated.com[01:16] Unabated tools exploited market inefficiencies[06:45] Correlations between card counting and sports betting[11:02] Synthetic hold and outs[14:58] How will sports betting evolve over the next few years?[19:40] Micro betting and lag time, free rolls[23:37] Vulnerabilities in new types of bets[25:45] Line shopping[29:28] Captain Jack's favorite memories of GWAE[36:56] Commercials[38:56] GWAE sponsors[40:08] Upcoming things at Unabated, alt line pricing[45:33] Parlays as cover[50:31] Variance and tipping costs[51:09] Captain Jack's final thoughts on GWAE[52:43] Recommended: People I Mostly Admire podcastSponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaehttp://Unabated.comGuest Links:http://Twitter.com/capjack2000Books Referenced:The Logic of Sports Betting by Ed Miller and Matthew Davidow - https://amzn.to/3LdR4VEGambling Wizards by Richard Munchkin - https://amzn.to/40meV9TRecommended:http://Freakonomics.com/series/people-i-mostly-admire/Outlive: The Science and Art of Longevity by Bill Gifford and Peter Attia - https://amzn.to/43PFYNNDan Buetter's books - https://amzn.to/41qvTFpGWAE archives - http://Lasvegasadvisor.com/gambling-with-an-edge/category/podcast/

Our guests this week are: colin Jones, Darryl Purpose, and Byrnin Down The House. For our last episode about Blackjack we wanted to have a blackjack roundtable. We talk about how blackjack has changed over the last 45 years, and how Byrnin is still able to play 100 hours per month just counting cards.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.Show Notes[00:00] Introduction of Colin Jones, Darryl Purpose, and Burning Down the House[01:00] Current blackjack conditions[03:38] How long could Burning Down the House continue to play?[05:57] Betting, cover, max bets[07:30] Darryl's approach to cover, use of big players[10:08] Colin and The Church Team's approach to cover, changes over time[15:56] Playing abroad[18:52] Expenses when traveling to casinos abroad[22:18] Playing in the UK[23:58] Getting stiff, cheating accusations, and confiscated chips[29:07] Generating EV at blackjack[32:02] Commercials[34:00] Playing music, playing blackjack, and favorite hands[45:15] Playing without a player's card[47:50] Recommended: We Own This City on HBO, Singer Songwriter Heaven by Kevin Faherty, Darryl Purpose at McCabes, Tales from the FeltSponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaehttp://Unabated.comRecommended:http://Hbo.com/we-own-this-citySinger Songwriter Heaven by Kevin Fahertyhttp://Darrylpurpose.com/showshttp://Store.blackjackapprenticeship.com/products/tales-from-the-felt-an-illustrated-anthology

Our guest this week is an advantage player named "Mr. Doppy." We talk about his exploits beating the lottery, and sports books.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.Show Notes[00:00] Introduction of advantage player, Mr. Doppy[01:06] Lessons learned from GWAE[02:40] Adapting to bigger stakes[04:42] Other advantage plays, lottery[14:20] The end of the lottery play[15:25] Interviewed by authorities[19:47] Cashing out[22:22] Transitioning into sports betting[27:41] Commercials[30:06] What is Mr. Doppy doing now?[31:32] Credit card points optimization[38:40] Pinball and advantage play logic[39:55] Twitter.com/MrDoppySponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaehttp://Unabated.comRecommended:http://Hbo.com/successionhttp://pinballmuseum.org

Our guest this week is attorney Bob Nersesian. Bob answers legal questions from you 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.Show Notes[00:00] Introduction of gambling attorney and Blackjack Hall of Fame member, Bob Nersesian[00:39] The future of GWAE[03:39] Unusually high progressive amount shown, backup pool[09:46] Prosecution of mistakes[13:33] Strategy for exploiting errantly programmed machines[19:55] Leeching, structuring[25:13] The right to record police[29:00] Casino refusing to return ID[34:55] Commercials[38:01] Cashing chips with an outstanding market, call instruments[40:32] Getting pulled over by tribal police, criminal jurisdiction[46:20] Cashing TITOs, change vouchers, cashless transactions[52:35] Recommended: Bob Nersesian Interview with Colin Jones, The Reckoning by John Grisham, Farnham’s Freehold by Robert HeinleinSponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaehttp://Unabated.comRecommended:http://Youtube.com/WFlISbpQntgThe Reckoning by John Grisham - https://amzn.to/3ZyxLtYFarnham’s Freehold by Robert Heinlein - https://amzn.to/40s28U5

Our guest this week is Mickey Crimm. Mickey is a slots pro. We talk about how slot hustling has changed over the years, and his life on the road.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.Show Notes[00:00] Introduction of slot hustler, Mickey Crimm[00:34] Mickey's first gambling game[03:34] Two Hustlers episode of Risk of Ruin podcast[05:11] Living in Montana[07:25] Using player's cards, longevity, comps[15:45] How has slot hustling changed in the last 5 to 10 years?[[23:09] Analyzing slot games[29:56] Commercials[32:02] Longevity tips[35:40] Information sharing and trolling[38:21] Competing for machines[44:33] Checking the most popular games, opportunity cost[47:09] Sweating other players, waiting for machines[49:19] Walking versus using a wheelchair[53:16] Recommended: The Glory on Netflix, The Big ShortSponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaehttp://Unabated.comLinks Referenced:http://Podcasts.apple.com/cr/podcast/two-hustlers/id1527018692?i=1000504515764Recommended:The Glory http://Netflix.com/title/81519223The Big Short - https://amzn.to/407KHZ7

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.Show Notes[00:00] Introduction[00:31] Income from positive EV games versus income from mail and comps[06:36] Video poker machines in racinos in New York[07:52] Why don't casinos use CSMs across the board?[09:10] Evaluating the return of a mailers[11:45] Playing on a spouse's player's card[12:35] Can casinos adjust line plays and bonus pays independently[14:08] Booking a room for an evening flight[16:29] Prenups for APs[19:13] Cell phone use at tables and slots[23:07] Are casino drawings fair?[24:48] Will casinos pay slot tickets via bank transfer[26:11] Declaring cash when traveling abroad, currency restrictions[29:03] Response to being flat-bet[30:49] Deuces Wild DDB strategy[31:59] Odds of hitting a royal holding two cards[33:11] Three Way Action Video Poker[35:06] The Plaza $75 Bingo match play[36:20] Commercials[38:49] World Game Protection Seminars[46:38] Recommended: Waco on Showtime, The Collectors by David BaldacciSponsored Links:http://Store.blackjackapprenticeship.com/products/tales-from-the-felt-an-illustrated-anthologyhttp://VideoPoker.com/gwaehttp://Unabated.comRecommended:http://Sho.com/wacoThe Collectors by David Baldacci - https://amzn.to/3mNToJ6

Our guest this week is a professional sports bettor named Porter. You can reach Porter on Twitter at @MLBksPSYCHIC.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.Show Notes[00:00] Introduction of sports bettor, Porter[00:33] Porter’s background in gambling[02:11] Backing in California[05:36] How important is CLV?[14:10] How big is Porter’s team?[16:47] Getting stiffed[20:40] Warnings signs from partners like[23:20] Finding new places to bet, searching for liquidity[26:41] Commercials[28:33] Variance in small and large markets[32:34] Unit size[34:20] Seasoning accounts[35:51] Market efficiency[43:03] Finding partners[45:33] Betting props[49:08] HotelSlash.com, Guy Savor at Caesars Sponsored Links:http://BlackjackApprenticeship.comhttp://VideoPoker.comhttp://Unabated.comRecommended:http://HotelSlash.comhttp://Caesars.com/caesars-palace/restaurants/guy-savoy