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Good afternoon. You're listening to Gambling
with an Edge. Now here are your

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host Bob Dancer and Richard Munchkin.
Good afternoon, Welcome to Gambling with an

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Edge. I'm Bob Dancer and I'm
Richard Munchkin, and today's guest is Michael

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Shackelford. Shack was a co host
of this podcast for more than a year,

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came back and visited a number of
times, including some Super Bowl prop

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bets, uh somewhat better than others, and so he Shack is a part

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of the history of Gambling with an
Edge and deserves a chance to say goodbye

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to our audience for the last time. So, Michael Shackelford, welcome back

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to Gambling with an Edge. Thank
you very much for having me. And

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I'm honored to be the guests on
one of your last and we actually don't

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know how last it's going to be. We as a when we take the

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show yesterday, we thought this was
going to be the penultimate show, and

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so rich and I we're going to
have a mailbag show for afterwards, and

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then overnight I was you know,
Richard, it would be pretty cool if

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I interviewed you and you interviewed me
for another last show. So the one

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you hear next week is going to
say it's the last show, and it

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wouldn't surprise me if there's one after
that, so but who knows. We

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thank our audience, all right.
So the media impetus for the interview with

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Shack is a new version of Gambling
one O two. So this is like

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the fourteenth version of that, and
it keeps coming out, keeps changing a

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little bit. So why is it
still Gambling one oh two, Version three,

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version four rather than ahead another name
it is. This is the third

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printing of the book. Every time
there's a new printing, I updated a

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little bit. I had some new
games, take out some dead games,

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and with this third edition, the
main new material is going to be on

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slot machines, especially vulturable or accumulator
slots, and I talk about some particular

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games and how to tell if it's
in a state with a player advantage.

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And when does the book due out? I wish I knew. I turned

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it in in December of twenty two, so it's I've been waiting four months,

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and in my experience with Huntington Press, it's out when it's out,

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And so I really hate to give
out a time frame. Yeah, we

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all have experience with that. Okay, So you lift eight featable slot machines.

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Nine actually nine actually all right,
so one of the one of them

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is cash Mango. Now, there
are at least two versions of cash Man

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Bingo, So do you treat them
the same? What is the difference between

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the two versions? Oh, in
the older version, when you look down

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at the panel, it will show
you how it will have a dot on

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each Bingo square that is full,
so you can look out and see if

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there are three or four, it's
almost never a play, and if there's

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like twenty, it's always a play, and so you can kind of glance

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to see if there's a lot of
them, in which case you want to

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look at it further. In the
newer version, you actually have to put

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ticket or money into the machine and
then can't then scroll from screen to screen

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to screen to see what the current
state of the game is. So the

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advice that I give in my book
and my website applies to both games.

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It's my understanding that it's just a
presentation difference, but the math of the

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game is basically the same, and
I welcome correction on that. If I'm

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wrong, I create them the same
on your and figuring out these games.

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Were you able to have part sheets
from the manufacturer or a personal experience of

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go out and count cycle, or
you have a number of friends on your

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Wizard of Vegas site among other places
who do this and maybe you've got some

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information from them. It's most Yeah, it's mostly the latter. It is

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friends that do vulture slots that give
me advice, and I kind of take

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an amalgamation of all their opinions,
and most of them, in fact,

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all of them wished to remain nameless. However, with Cashman Mingo, that

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was the first one I got really
serious about, and I I videoed myself

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playing, and I did a lot
of analysis, and I dug pretty deeply

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into that one, and I created
my own strategy that other people say sounded

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reasonable. But with the rest of
the games, I got kind of lazy

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and I played them a little bit
just to make sure the advice I was

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getting seemed reasonable. But it's mostly
other sources that helped me out. Are

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you out there? Are you out
there playing the games not just for research

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but to make money? Do you
actually play? Not very much? Yesterday

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I was talking about this topic with
a friend at the Suncoast, and I

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happened again. Coming back to Cashman
Mingo. I saw a game that was

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cased in like five different places,
so of course I jumped in and played

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that. But I I only if
I'm in a casino for another reason,

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I will look at the machines and
try to find a play. But I

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never go to a casino specifically for
this topic. And I live in Las

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Vegas, and everyone seems to sing
the blues that it's tough to find good

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games in Vegas because there's just so
much competition from other vultures. That's that's

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true. There are a lot of
other players. But for those of you

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who are interested in the book includes
a strategy for cash Maingo, Rich Little

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Piggies, Scarab Golden Juggle, Grand
Hex Breaker three, Magic of the Nile

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Ocean, Magic Golden Egypt, Regal
Riches, which is also called Prosperity Pearl.

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Thank you if you. If you
want to learn a reasonable for these

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games, you a head start to
see if advantaged slots is right for you.

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Um the new version of Gambling one
O two uh and you will be

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when it comes out, which we
don't know when that will be. Well,

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you bug Anthony Curtis on that and
so uh sorry, Anthony, here's

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your goodbye. So actually Anthony uh
sometimes doesn't know. He's like he's he

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sent it off to the printer x
number of weeks ago and he was thinking

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it was going to be back there. Hold up, it's beyond his control.

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And I don't know what the situation
is, but um but it's coming

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all right now. In addition to
those kind of slots, there are also

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some must hit bys, which is
a type of advantage slot machine where if

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you there are numbers, So example, if it's must hit by five hundred,

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it might start at two fifty and
go up and then when it gets

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to be a level, it's positive
expectation to play it until it gets to

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two thousand, gets to five hundred, or you give strategy on when to

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get on must hit bys. So
some of these are completely random, and

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some of these are weight at random. So what do you what do you

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have to say about that? Michael? Yes, I wrote about this on

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my website a long time ago.
And as you correctly describe, there will

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be a nater and it will say
that we are just going to award this

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jackpot randomly, and a good example
is between two hundred and fifty and five

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hundred dollars, So it starts at
two fifty, and it grows by either

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a certain percentage of money bet or
money one and again to guarantee that it

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will hit by five hundred and this
example, and the way most makers do

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this is it could be hit anywhere
in that range with equal probability. However,

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some makers, especially ags, always
delay or almost always delay it until

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the very end of the range,
which I frankly think is unethical because I

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think it's reasonable to assume that it
could hit anywhere in the range with equal

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probability. So if you see a
game at say four hundred and eighty,

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it would be tempting to play it
thinking it's just got twenty more dollars to

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go. But if the game never
hits until it gets to say four ninety

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five, then I think that's a
tease, and it's again I think it's

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unethical, and I don't think the
Gaming Control Board should allow it unless it's

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stayed in the rules somewhere that they
do tend to delay hitting these jackpots until

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the end, then I would be
okay with it, but they do not

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they do not disclose any such information
in the rule screens. Yeah, a

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whole theory of those machines are have
the word deluxe on the end, like

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money Storm Deluxe or Coyote Deluxe,
where it almost always waits intellison. It's

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a dollar or two before the end
before it hits and so but it does

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happen, and even when it does, even when it is that way,

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it can be good to get on
it at a particular number because the amount

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of money that you are putting in
it's going to be less than the amount

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of money that you're taking out on
average. So learning when these numbers are

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is part of the game, and
it takes a lot of data. It's

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but also isn't that going to change
in different casinos they may be holding a

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different amount. They may have the
machine set to hold more or less than

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the number you're from filiar with.
And so what if you go to another

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state and you know, let's say
that you know in Las Vegas most places,

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you know you're going to get on
at this number. But now you

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go over to New Jersey and maybe
they're holding a lot more, so you

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would be losing money if you got
on at the same number. How do

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you deal with that? In my
opinion, the way these machines are programmed

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is, yes, they're dent manufacturer
may allow different return percentages, but I

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think it the random the mystery jackpot
feature is the same from game to game

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for any given type of game.
So I think the advice that works in

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Nevada would also work in Mississippi.
For example, Well, wait a minute,

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when you calculate that your number for
getting on, Let's say you decide

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I'm just going to pick a number
out of my ass here that this five

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hundred, you should get on at
four eighty. And that's based on the

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idea that the machine is holding let's
say ten percent, and you're going to

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lose x amount before the jackpot hits. But if you go to another state

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and that machine is holding fifteen percent, you're going to lose a lot more

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before the jackpot hits and you may
no longer be playing with an inch.

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That's a good point. And on
my website I indicate a formula for when

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when the meter is high enough that
you should play, And this formula does

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depend upon the return of the game. And so if you were you were

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playing in a more generous casino,
you would would have a different entry point

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than a stingy one. But I
think that a ninety percent return is shall

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we say, fair to assume as
a general average. And it's But by

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the way, it's not that the
mechanism that determines the mystery jackpot is different

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from casino to casino, but it's
the expense of playing the game waiting for

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that jack pot to hit. Right, you should have a high tree point

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at a stingier casino because you're going
to lose more money along the way.

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Right, But how do you know? You know? I mean, you

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can kind of know in Las Vegas, for example, that the strip is

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way stingier than the than the locals
joints. But you know, when you

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go to a new state. You
know, if you if you go to

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Iowa and you've never been there,
you don't really have a clue. My

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advice there is the greater the competition
in the local market, the user the

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games are probably going to be,
and the nicer, the nicer the casino,

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the stingier the slots. Just some
general advice to go on. And

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yes, I'm sure there are many
exceptions. Yeah, sure, yeah,

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okay, let let um, let's
talk about the difference between Like, video

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poker and slots are both in the
slot department, but they're very, very

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very different games. M No,
I have some ideas on this, but

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um, have you played them both
enough to to be able to have video

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poker and slots are different? Sure, I can speak to that topic.

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I've played a lot more video poker
than video slots, But so go ahead.

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How are they different? Oh?
Well, m video poker is very

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mathematical, it's quantifiable. They tell
you what the rules are, so it

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could be analyzed to death as I
have done, including you know, very

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complicated strategies if you want to really
really get close to the maximum optimal strategy

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return, and video poker tends to
have a very thin advantage, as you

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know. So this is the type
of thing that if you're a video poker

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player, you're probably going to be
putting in a lot of hours at the

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machine, where as slots is something
kind of like hunting. You have to

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hunt around the casino, probably looking
at one hundred games to find one or

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two good ones, and when you
find them, you're probably gonna in most

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cases just played for a short time
until that bonus hits, and then off

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you go looking for the next game. So it's a totally different experience for

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the player. Sounds like online dating. I like that, well, except

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hopefully in online dating you're not done
and in a minute and a half after

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you start. But I suppose some
people are good for me the all right.

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Yeah. The other other differences isn't
on video poker, you largely can

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know what you're going to be playing
when you get to the casino, unless

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you're specializing in progressives and you haven't
scouted it recently. You know that they

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have a particular double double bonus game
that is that returns such and such an

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amount, and you know what the
slot club is, and you know what

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the promotion is and so so you
can predict it. In slot machines,

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any individual slot machine could be an
eighty five or one hundred twenty percent game

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or more depending on the level of
various progressives or other features on the machine,

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and these vary by the player,
so you usually so you don't know.

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It depends on how many people who
don't know how to play the game

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have played since the jack potts hit. Another difference is in video poker on

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multi games, and you know that
it's say quarter fifty cent dollars, and

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you know, twelve games on on
this machine, and it's going to be

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the same twelve games every day.
But in slot machines there could easily be

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also three or five denominations and can
be three or five or ten, well

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three or five different numbers of coins
per bet, and so any of which

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could be positive because you don't know
who left in what condition. So you

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come up to us advantage slot machine, and sometimes you have to check twenty

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to thirty different conditions to know whether
or not there's one or more plays on

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it, and that takes time.
It's also very obvious what you're doing,

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whereas video poker, you know,
if the this is wild game had loosest

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pace schedule a week ago on this
machine, well it probably still does.

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Whereas in a slot machine you have
to check and you know you need to

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do. Is this is really analogous
to counting cards versus playing whole cards or

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some other kind of advanced strategy at
blackjack. And the rap that you hear

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from people who don't play these strategies
is, oh, well, you can

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spend all your time scouting and never
find anything. But if I'm counting,

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00:18:30,440 --> 00:18:37,519
I can just walk in and sit
down and play. So yeah, it's

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00:18:37,640 --> 00:18:44,319
it's very much the same thing that
when you're playing more advanced forms of blackjack

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00:18:45,079 --> 00:18:48,640
or other table games. Yes,
a lot of it is the scouting and

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00:18:48,680 --> 00:18:52,079
you never know what you're going to
find, but when you do find it,

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00:18:52,079 --> 00:18:55,480
it's worth way more than that video
poker game that you could have just

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00:18:55,559 --> 00:18:59,240
walked in and sat down and started
playing. Yeah, to that, I

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00:18:59,279 --> 00:19:04,319
would add that video hooker is extremely
quantifiable and the math is known and the

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00:19:04,400 --> 00:19:11,319
strategies are known, whereas everything with
slot machines is no one's exactly sure.

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00:19:11,440 --> 00:19:15,839
Like you can bring up any of
these games that can have a player advantage

215
00:19:15,960 --> 00:19:21,359
and no two people will probably agree
on exactly when to play. It's these

216
00:19:21,400 --> 00:19:29,279
strategies are mostly based on personal experience, and so it's it's it's a new

217
00:19:29,319 --> 00:19:34,079
advantage play. And that's why I
think that, um, how shall I

218
00:19:34,079 --> 00:19:40,559
put it? That that that there's
not that much known about it and you

219
00:19:40,640 --> 00:19:45,960
have to get information generally through other
players. And in my book I do

220
00:19:45,039 --> 00:19:48,039
touch on nine of them, but
there's a lot more than nine out there,

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00:19:48,680 --> 00:19:52,839
and I would also like to go
back to something that that Bob said,

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00:19:52,480 --> 00:19:56,160
is that about the range is I
believe you said eighty five percent to

223
00:19:56,240 --> 00:20:00,559
one hundred and twenty percent. So
I totally agree that game can have a

224
00:20:00,599 --> 00:20:03,039
twenty percent player advantage if it's in
a good state, but it can also

225
00:20:03,240 --> 00:20:07,599
be way lower than eighty five percent. If it's in a horrible state.

226
00:20:07,720 --> 00:20:11,960
It might get as low as,
say fifty percent. So for that reason,

227
00:20:11,400 --> 00:20:18,759
if someone is a recreational slot player
and has no interest in learning about

228
00:20:18,839 --> 00:20:22,319
when to play, I would say, don't play an accumulator slot at all,

229
00:20:22,519 --> 00:20:26,160
because most of them are left at
a very low state, and you

230
00:20:26,200 --> 00:20:29,480
will probably when you start to play, you'll be playing into a very bad

231
00:20:29,559 --> 00:20:34,319
state most likely. So if you
are a slot player and I can't talk

232
00:20:34,359 --> 00:20:40,519
you out of playing slots, I
say avoid accumulator slots and just play something

233
00:20:40,680 --> 00:20:45,839
where the odds are the same every
single spin. Let's goind other things in

234
00:20:45,839 --> 00:20:52,559
your book. What else is new
in your Gambling one O two version three?

235
00:20:52,119 --> 00:20:57,000
So I do have new chapters on
Crapless Craps and Face Up Pagat Poker.

236
00:20:57,599 --> 00:21:02,200
Previously, in the second addition,
those games were touched on briefly,

237
00:21:02,640 --> 00:21:07,319
but because they've become much more popular, I dig into them a little bit

238
00:21:07,359 --> 00:21:11,200
deeper. I mean, well,
with face up pigut poker, I can

239
00:21:11,279 --> 00:21:17,640
see that, But crap less craps, I mean what, how how deep

240
00:21:17,720 --> 00:21:21,880
can you dig? I mean what? What? What? What's new there?

241
00:21:22,680 --> 00:21:25,960
Yeah? I mean you there.
I don't think that. Previously I

242
00:21:26,000 --> 00:21:30,400
went into such things as the odds
on place bets on the two, three,

243
00:21:30,440 --> 00:21:33,839
eleven, and twelve, um.
But yeah, again, there's there's

244
00:21:33,880 --> 00:21:38,160
not not much to say about crapless
craps. But I would like to say,

245
00:21:38,200 --> 00:21:44,559
just real briefly, that the odds
are better and conventional craps and crapless

246
00:21:44,559 --> 00:21:49,759
craps. And I can't imagine that
you thoroughly cover face up pigut poker,

247
00:21:49,839 --> 00:21:53,720
because that could take a whole book
in and of itself, couldn't it.

248
00:21:55,000 --> 00:21:59,559
Well, it's it's easy to play
because it's obvious how to set your cards,

249
00:22:00,160 --> 00:22:04,039
and I've run simulations on the game, so I think that I do

250
00:22:04,160 --> 00:22:07,839
cover everything that really needs to be
said about it. Huh, Well,

251
00:22:08,359 --> 00:22:12,319
I guess the dealer has a fixed
strategy, right, And as long as

252
00:22:12,319 --> 00:22:15,359
you know that, then yeah,
I guess you're right. I guess it

253
00:22:15,359 --> 00:22:18,279
would be obvious. Yep. I
mean, well that you don't even need

254
00:22:18,319 --> 00:22:22,880
to know the house way because the
dealer will sit there and arrange their hand,

255
00:22:22,240 --> 00:22:27,079
so you know exactly what you're facing
against. Oh they arrange there's before

256
00:22:27,119 --> 00:22:32,279
you do. So oh yeah,
okay, thus the game face up.

257
00:22:32,720 --> 00:22:38,880
Yeah, okay. You've also been
working on Ultimate X Bonus Streak. Is

258
00:22:38,920 --> 00:22:44,319
this in your book or on your
website or is this attitude? Yep,

259
00:22:44,440 --> 00:22:48,960
this is very fresh on my website. I started discussing it in my forum

260
00:22:48,000 --> 00:22:52,640
about a month ago, but I
finally put together a page on my website

261
00:22:52,759 --> 00:22:56,039
on Fulturing Ultimate X Bonus Streaks,
So I'm pretty proud of that. It

262
00:22:56,160 --> 00:23:03,960
was not an easy thing to analyze. Okay, in the past on bonus

263
00:23:03,000 --> 00:23:10,960
streak I have you can look at
the screen and count up the number of

264
00:23:11,079 --> 00:23:17,920
multipliers, and if it's more than
the game called for, then you have

265
00:23:17,960 --> 00:23:26,920
an advantage. So if it's a
ten play game, so you're playing ten

266
00:23:26,000 --> 00:23:32,599
coins a line, if the multiplier
is at least twenty, then it's a

267
00:23:32,599 --> 00:23:36,880
positive play for at least one hand. Now that was so that you could

268
00:23:36,880 --> 00:23:40,839
get one or two hands out of
that. It didn't yield many long term

269
00:23:40,880 --> 00:23:47,400
plays, and so although it could, so it's largely a one and done

270
00:23:47,440 --> 00:23:52,599
situation, and so I stopped looking
at that. So on your strategy is

271
00:23:52,599 --> 00:23:59,359
that how often do you get plays? So my strategy looks more than just

272
00:23:59,480 --> 00:24:03,559
one hand in the future. You're
absolutely right that let's look at ten play

273
00:24:03,599 --> 00:24:07,359
double double bonus. For example,
with the eight five pay table, if

274
00:24:07,440 --> 00:24:11,359
you have twenty one or more multipliers
on the very next hand, it's obvious

275
00:24:11,400 --> 00:24:15,920
that you should play it. However, if you look at the next two

276
00:24:15,000 --> 00:24:19,799
hands, if you have thirty four
or more, then my strategy says to

277
00:24:19,880 --> 00:24:25,359
play. And if you look at
the next three hands and you see forty

278
00:24:25,400 --> 00:24:30,480
three or more multipliers, then you
should play. And the reason that you

279
00:24:30,480 --> 00:24:37,519
should play with numbers that are less
than say forty and sixty, respectively,

280
00:24:37,880 --> 00:24:44,960
is because these multipliers have a chance
to grow and you may get multipliers on

281
00:24:45,039 --> 00:24:52,039
hands that had only a one x
multiplier right now. So it's again the

282
00:24:52,119 --> 00:24:56,880
multipliers. You can either earn new
ones or old ones can grow up to

283
00:24:56,920 --> 00:25:02,200
a twelve. Now your strategy on
this, So so you're talking about now

284
00:25:02,279 --> 00:25:06,119
the strategy get one when to jump
in, which is an important part.

285
00:25:07,079 --> 00:25:15,759
But regular Ultimate X vulturing you you're
betting five coins, so which is a

286
00:25:15,759 --> 00:25:19,480
half bet, and so you play
basic strategy for that paid table, having

287
00:25:19,519 --> 00:25:26,920
nothing to do with Ultimate X strategy, but on bonus streak since um you

288
00:25:26,960 --> 00:25:34,240
still are earning bonuses, and so
your strategy needs to be somewhat um bonus

289
00:25:34,279 --> 00:25:40,960
based rather than just based game based. Do you agree with that? Oh?

290
00:25:41,000 --> 00:25:45,160
I absolutely agree. Agree that for
the long term player, you follow

291
00:25:45,200 --> 00:25:51,519
a much different strategy than conventional video
poker. However, for the vulture,

292
00:25:51,799 --> 00:25:55,119
it's they're not sitting there and playing
it for a long period of time.

293
00:25:55,559 --> 00:26:00,119
They want to hit those immediate wins
and then lead once the game doesn't have

294
00:26:00,200 --> 00:26:07,799
enough multipliers anymore. So under that
hit and run strategy, I think that

295
00:26:07,200 --> 00:26:12,680
the correct strategy is very similar to
conventional video poker because you don't really care

296
00:26:12,759 --> 00:26:18,680
that much about earning future multipliers.
You want to get the ones that are

297
00:26:18,720 --> 00:26:23,640
there right now, and cut and
cut and run. All right. One

298
00:26:23,680 --> 00:26:29,240
other thing I want to mention with
Shack that and the idea of it's all

299
00:26:29,279 --> 00:26:36,759
your fault. Bonnie reminded me last
night when Bonnie and I are just about

300
00:26:36,759 --> 00:26:42,559
to celebrate our ninth anniversary, and
approximately nine and a half years ago,

301
00:26:45,039 --> 00:26:48,279
we were taping the show, and
so Bonnie came to see what taping the

302
00:26:48,319 --> 00:26:51,559
show was all about. This is
when it was actually a radio podcast,

303
00:26:52,039 --> 00:26:56,680
so it was in a studio and
Michael was the host at that time.

304
00:26:56,519 --> 00:27:02,920
So apparently one time when I went
to the restroom while Bonnie and Shack we're

305
00:27:02,960 --> 00:27:06,119
in the studio before the taping,
he said, if you hook up with

306
00:27:06,160 --> 00:27:12,000
Bob, you're going to go on
a lot of cruises. And so Bonnie

307
00:27:12,319 --> 00:27:15,759
remembered that and she told me.
She says she thinks she's been on twenty

308
00:27:15,759 --> 00:27:23,359
four cruises in the last nine years, and she didn't believe it was true

309
00:27:23,480 --> 00:27:29,160
when Shack told her that, but
she wanted to. So I don't know

310
00:27:29,440 --> 00:27:34,160
how much that affected Bonnie's decision to
finally say yes. But it's so if

311
00:27:36,079 --> 00:27:40,440
if Shaq actually had anything to do
with her saying yes, and I owe

312
00:27:40,519 --> 00:27:44,599
him big time because my life was
working very well being hooked up with Bonnie.

313
00:27:45,680 --> 00:27:48,599
So with all of that, see, so it's all your fault,

314
00:27:48,640 --> 00:27:52,759
Mike. Well, all that,
let's do some commercials and then when you

315
00:27:52,799 --> 00:27:56,480
have some more questions for Mike tales
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316
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324
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325
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of the week is Double Super Times
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326
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To play. You receive a one
in fifteen chance to get a two

327
00:28:48,519 --> 00:28:55,960
x through ten x multiplier on the
deal and a second independent one and fifteen

328
00:28:56,039 --> 00:29:00,640
chance of getting a two x ten
x multiplier on them. If you receive

329
00:29:00,759 --> 00:29:07,599
two multipliers, say three X and
four x, they are added together into

330
00:29:07,640 --> 00:29:11,640
seven x, not multiplied into twelve
x. If you get a delt Royal

331
00:29:11,680 --> 00:29:18,440
flush with one chance in six hundred
and fifty thousand round numbers, there's still

332
00:29:18,480 --> 00:29:22,279
a one in fifteen chance to get
a multiplier, but if you do,

333
00:29:22,440 --> 00:29:26,319
it's always twenty x combined for the
deal in the draw. The return on

334
00:29:26,359 --> 00:29:32,440
the game is approximately half percent more
on the base game, and no strategy

335
00:29:32,519 --> 00:29:37,519
deviations are required to play this game, but it doesn't play like it's it's

336
00:29:37,519 --> 00:29:45,799
a half percent more. So much
of the return it's on this delt Royal

337
00:29:45,880 --> 00:29:53,680
flush twenty x multiplier that the basic
if you round off one and six and

338
00:29:53,759 --> 00:30:00,279
fifty thousand times one in fifteen to
be it never happens, and that takes

339
00:30:00,279 --> 00:30:06,640
a big chunk out of it,
and so so it's going to be.

340
00:30:06,680 --> 00:30:08,599
It could go to feel a lot
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341
00:30:08,599 --> 00:30:15,119
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for you. All right, so
you have been Michael Sacho heard the Wizard

351
00:31:00,000 --> 00:31:07,000
of Odds for a sizable number of
years. How long do you plan to

352
00:31:07,160 --> 00:31:12,799
day Wizard of Odds? Thanks for
the question. I am almost fifty eight

353
00:31:12,839 --> 00:31:18,359
as I as we do this interview, and I am thinking about hanging up

354
00:31:18,400 --> 00:31:23,599
the Wizard hat when I turn six
feet in May of twenty twenty five,

355
00:31:23,799 --> 00:31:30,799
and I'm already gradually entering into retirement
as I cut back on my Wizard duties

356
00:31:30,799 --> 00:31:36,000
and private consulting. However, that
may be change if there's, say a

357
00:31:36,000 --> 00:31:41,880
big downturn in the economy. So
do you expect the Wizard of Odds website

358
00:31:41,920 --> 00:31:52,559
and all the information on there too
to last there indefinitely and not being updated.

359
00:31:52,680 --> 00:31:56,000
But if I wants to use one
of your tools or information. It

360
00:31:56,039 --> 00:32:00,799
will stay there after you're no longer
the wizard or exact and disappeared too.

361
00:32:00,759 --> 00:32:06,640
So as most people know, I
sold the site in twenty fourteen and it

362
00:32:06,799 --> 00:32:10,200
is owned by my boss, and
I am sure that he is going to

363
00:32:10,319 --> 00:32:15,440
keep it around. It makes,
as far as I know, a lot

364
00:32:15,440 --> 00:32:20,920
of money, and I'm sure that
he wants to keep that going. It

365
00:32:20,960 --> 00:32:27,279
may be that somebody else takes over, shall we say the role is of

366
00:32:27,400 --> 00:32:30,400
the wizard that I don't know.
That's up to him, but I'm absolutely

367
00:32:30,440 --> 00:32:34,880
sure that the site will remain there. Do you have a wizard hat,

368
00:32:35,680 --> 00:32:40,799
our caper or one that you are
going to turn over to whoever is next

369
00:32:40,839 --> 00:32:49,680
in line, perhaps in a figurative
way of speaking, Absolutely, I would

370
00:32:49,680 --> 00:32:55,039
like to see somebody who I respect
fill my shoes, and I would absolutely

371
00:32:55,720 --> 00:33:02,599
welcome a transition period where I enter
this person. Still don't know what the

372
00:33:02,599 --> 00:33:07,799
future holds with that, but I
would very much like to see the sight

373
00:33:07,960 --> 00:33:15,880
still have the same standards that it
has now. Actually, I know somebody

374
00:33:15,920 --> 00:33:22,440
who who might be an appropriate wizard. I will talk to him and if

375
00:33:22,559 --> 00:33:27,319
somebody, um uh, he might
be, I'm not sure. I don't

376
00:33:27,359 --> 00:33:30,240
know. How how if he looks
good in black? But we'll have to

377
00:33:30,279 --> 00:33:36,519
find out. So when you fade
into retirement, do you have plants?

378
00:33:37,000 --> 00:33:39,359
I mean, you're gonna travel the
world, are you? He's gonna go

379
00:33:39,400 --> 00:33:45,519
out play slot machines? No,
I really am gichy to travel the world,

380
00:33:45,640 --> 00:33:51,160
espen, especially doing adventurous things like
I'd like to hike lots of climb

381
00:33:51,160 --> 00:33:57,039
lots of mountains, bicycle all over
the country and the world, and river

382
00:33:57,160 --> 00:34:01,519
rafting, kayaking. HI really have
a lot, a long list of ideas

383
00:34:01,519 --> 00:34:05,839
of things that I'd like to do, and I'd like to do as many

384
00:34:05,839 --> 00:34:09,559
as possible before I get too old
to do them. Yeah, some people

385
00:34:09,599 --> 00:34:14,920
would say sixty is already too old, but what do they know. I

386
00:34:15,039 --> 00:34:22,519
am you chase eclipses, Mike,
right, You're going to wake o for

387
00:34:22,599 --> 00:34:27,360
the eclipse? Um, are you
going to start chasing tornadoes as well?

388
00:34:28,119 --> 00:34:30,760
I never thought about the tornadoes.
I would actually like to see a tornado

389
00:34:30,800 --> 00:34:34,880
once in my life. You don't
see very many here in Las Vegas.

390
00:34:35,400 --> 00:34:39,079
But but you're a But I love
total eclipses. And for those who don't

391
00:34:39,119 --> 00:34:45,760
know that there's going to be a
total eclipse of the Sun running through from

392
00:34:45,800 --> 00:34:51,000
through Mexico, cutting into Texas and
then going northeast up to Maine and then

393
00:34:51,079 --> 00:34:55,079
into Canada. In April eight,
twenty twenty four is the date, and

394
00:34:55,440 --> 00:35:02,280
I already booked Airbnb as well as
some hotel rooms in Waco, Texas.

395
00:35:02,320 --> 00:35:08,559
Why Waco exactly because the totality path
goes right over Waco, so they're going

396
00:35:08,599 --> 00:35:15,519
to get I believe, four minutes
and fifteen seconds of totality, which is

397
00:35:15,559 --> 00:35:20,480
almost as much as you can get
anywhere. And other big cities that are

398
00:35:20,599 --> 00:35:25,760
going to be in the totality path
are Austin, Dallas, I believe,

399
00:35:25,800 --> 00:35:31,239
Indianapolis, and Cleveland and Buffalo,
but they may not necessarily be right in

400
00:35:31,280 --> 00:35:37,719
the middle of the path like Waco
is. So there's a very lively discussion

401
00:35:37,760 --> 00:35:43,199
about the eclipse in my forum at
Wizard of Vegas. But I highly recommend

402
00:35:43,599 --> 00:35:47,519
anybody who can see it to see
it and plan in advance because the hotel

403
00:35:47,639 --> 00:35:53,599
rooms I have already booked up along
the path. Traffic can be terrible on

404
00:35:53,639 --> 00:35:59,199
the day of the eclipse, So
try to be someplace. Try to stay

405
00:35:59,280 --> 00:36:05,400
someplace that already in the path if
you can, yeah there and if you're

406
00:36:05,400 --> 00:36:09,920
comparing Waco and Buffalo. Waco is
more likely to be sunny and clear than

407
00:36:10,320 --> 00:36:16,159
Buffalo is now I forgot to say
that. And although you could charter an

408
00:36:16,159 --> 00:36:20,840
airplane and be above clouds, so
that so the weather it wo't matter for

409
00:36:20,880 --> 00:36:24,000
the most part. But that's a
it's a more expensive option than most people

410
00:36:24,039 --> 00:36:31,880
are probably interested in enduring. We
spoke earlier about face up Pie out poker.

411
00:36:32,840 --> 00:36:39,400
So there was a big jackpot got
over six million dollars not so long

412
00:36:39,440 --> 00:36:45,599
ago. Did you, uh,
did you analyze that at the time or

413
00:36:45,599 --> 00:36:49,119
how did that go? Oh?
Absolutely, there was a very lively discussion

414
00:36:49,119 --> 00:36:52,079
about that on my website, and
I gave updates about the jackpot all the

415
00:36:52,119 --> 00:36:59,360
time, and it hit at six
point four million, and it's and it

416
00:36:59,440 --> 00:37:04,960
was a big player advantage at the
time that it got hit. In fact,

417
00:37:05,039 --> 00:37:08,960
I think it was about about one
hundred dollars an hour play, even

418
00:37:09,079 --> 00:37:15,480
assuming a twenty five or fifty dollars
required base bet, and even if you

419
00:37:15,559 --> 00:37:21,079
assumed paying say thirty seven percent taxes
on the jackpot, it was still mathematically

420
00:37:21,119 --> 00:37:24,519
speaking, a very strong play.
But if you didn't hit a jackpot,

421
00:37:24,519 --> 00:37:30,400
you'd probably be losing about one hundred
dollars an hour chasing after it. So

422
00:37:30,440 --> 00:37:34,679
it was a very high volatility play
that was not right for everybody. I

423
00:37:34,719 --> 00:37:39,400
did play it a little bit,
but I didn't feel it was worth it

424
00:37:39,440 --> 00:37:44,519
for me to give up other things
to play it. Yeah, a game

425
00:37:44,679 --> 00:37:47,599
like that, people learned the difference
between the main and the median. Yep,

426
00:37:50,400 --> 00:37:54,239
all right, did you have any
you were a host for over a

427
00:37:54,320 --> 00:38:00,599
year, do you have any specific
memories of gambling with an edge that favorite

428
00:38:00,639 --> 00:38:05,920
memories? I think the most memorable
show for me was when we had Cocktail

429
00:38:06,000 --> 00:38:14,840
Doll was really Dolly Wong as our
guest, and she was I wanted to

430
00:38:14,880 --> 00:38:20,000
do shows when I was a co
host that weren't necessarily about becoming a better

431
00:38:20,039 --> 00:38:23,400
gambler, but more about the culture
of Las Vegas and getting to know some

432
00:38:24,079 --> 00:38:30,599
regular What about just regular jobs and
you know, the pros and cons of

433
00:38:30,599 --> 00:38:35,559
these different occupations. So I was
friends with a cocktail waitress at the New

434
00:38:35,599 --> 00:38:38,840
York New York, and she already
had a website and a blog about her

435
00:38:38,920 --> 00:38:45,840
profession, and I just found her
fascinating and I loved her articles and her

436
00:38:45,880 --> 00:38:50,000
stuff. So we had her as
a guest and Bob, I'll let you

437
00:38:51,000 --> 00:38:53,800
talk about that experience, but it
was it was a very I thought,

438
00:38:53,840 --> 00:39:02,719
a very fun show that was interesting
not just doing anything happen but I but

439
00:39:02,880 --> 00:39:07,199
Michael enjoyed her and was if he
could have talked her and going out and

440
00:39:07,280 --> 00:39:12,360
having a drink and chatting for a
little bit afterwards, he would have been

441
00:39:12,400 --> 00:39:21,199
amenable to that. And she comes
in with a new boyfriend and neither one

442
00:39:21,199 --> 00:39:27,119
of them could keep their hands off
of the other during the taping of the

443
00:39:27,159 --> 00:39:35,559
show, and so her hormones were
just going crazy. And so I suspect

444
00:39:35,719 --> 00:39:38,639
that was that part was disappointing to
Shaq because she was obviously going to be

445
00:39:38,679 --> 00:39:43,360
busy after the show, had no
time for a drink with him, whether

446
00:39:43,440 --> 00:39:46,400
they had another one some other time
or not. But that that was kind

447
00:39:46,400 --> 00:39:54,559
of interesting to watch our guest on
the show. Basically we're ready to tell

448
00:39:54,639 --> 00:40:00,719
him you get a room. That
just seems so weird that they would be

449
00:40:00,760 --> 00:40:06,000
doing that in the studio while she's
talking on the air. That's just bizarre

450
00:40:06,119 --> 00:40:10,639
to me. Yeah, and back
then we had a producer because it was

451
00:40:10,679 --> 00:40:15,679
a radio show. His name was
Leonard, if I remember right, and

452
00:40:15,800 --> 00:40:21,119
he was not happy with some of
the language that Dolly was using. Oh,

453
00:40:21,199 --> 00:40:22,880
he probably had to be bleeping.
I was AM radio, so he

454
00:40:22,920 --> 00:40:28,599
had to be bleeping it. Yeah. May I quote one of the things

455
00:40:28,599 --> 00:40:32,599
that I'm sure he did bleep by
all means Okay, so I don't remember

456
00:40:32,639 --> 00:40:38,239
the exact word edge, But Dolly
said something to the effect of I'm a

457
00:40:38,360 --> 00:40:45,320
very successful cocktail waitress. And I
think I said something like, why do

458
00:40:45,360 --> 00:40:47,800
you think you may do better than
other ones? And she said something like,

459
00:40:49,159 --> 00:40:52,960
I think it's because I'm hot and
have big tits. I think you

460
00:40:52,960 --> 00:40:58,519
can say that on the radio nowadays. But but yeah, it's things have

461
00:40:58,679 --> 00:41:02,159
changed now. She is she still
writing or do you know? Or no,

462
00:41:02,480 --> 00:41:07,679
she is. I don't think she's
very active at it anymore. Sad

463
00:41:07,719 --> 00:41:10,800
to say, do you know if
she's still a cocktail address? I think

464
00:41:10,800 --> 00:41:15,920
she is. She. I do
follow her Facebook account and she very rarely

465
00:41:15,960 --> 00:41:20,000
posed to it, but once in
a while she does. And I'm she's

466
00:41:20,320 --> 00:41:23,039
she's still they're at the New York, New York and is still looking good

467
00:41:23,079 --> 00:41:28,800
and she seems to not age at
all. Yeah, that was that was

468
00:41:28,800 --> 00:41:30,079
I don't know, eight or nine
years ago, ten years ago, something

469
00:41:30,119 --> 00:41:35,519
in that range. And uh,
and you can't. You can find the

470
00:41:35,599 --> 00:41:38,239
episode at Gambling with an Edge dot
com. Uh, they're all there.

471
00:41:38,400 --> 00:41:44,840
So all right. One of one
of my favorite shows that we haven't really

472
00:41:44,880 --> 00:41:51,119
talked about, and this one chap
wasn't. There was m Kelly's son and

473
00:41:51,639 --> 00:41:58,039
along with Lori Chang as an interpreter
talking about the Phil kelly Son was with

474
00:41:58,079 --> 00:42:04,519
Phil Ivey and Bargato and Crawford on
the whole cardinging. It was a delight

475
00:42:07,599 --> 00:42:15,960
Yeah, edge sorting and um so
there was that was really interesting. I

476
00:42:16,039 --> 00:42:22,599
do remember one of them, actually, I guess what I remember was one

477
00:42:22,639 --> 00:42:25,480
of my one liners. I lived
for one liners that I do, and

478
00:42:27,039 --> 00:42:30,760
often my one liners don't land as
well as they're supposed to. They sound

479
00:42:30,800 --> 00:42:34,800
really good in my head and then
when I say, am I going oh

480
00:42:34,840 --> 00:42:38,199
dear? I didn't really mean to
say that, but on this one they

481
00:42:38,239 --> 00:42:44,599
were. She was saying why she
likes uh back raw and the idea was

482
00:42:44,679 --> 00:42:49,719
you can get really big bets down
because like in Blackjack, she said,

483
00:42:50,480 --> 00:42:53,519
you can. They rarely ever let
you bet more than twenty five thousand a

484
00:42:53,599 --> 00:42:58,760
hand, and so my comment was
only twenty five thousand, man, you

485
00:42:58,760 --> 00:43:02,960
can't make any money that way so
I was. I was proud of that

486
00:43:04,039 --> 00:43:07,559
line, such as it was.
But um, each of us live for

487
00:43:07,639 --> 00:43:10,480
different things. Do you have a
favorite show that you liked, Richard,

488
00:43:12,320 --> 00:43:15,960
Well, that one that was definitely
a really good show. Um, you

489
00:43:16,000 --> 00:43:22,360
know, my favorite shows are the
ones with the Vegas old timers. So,

490
00:43:22,840 --> 00:43:28,400
uh, like the Mike Sexton Show. You know, I love these

491
00:43:28,440 --> 00:43:32,920
old stories about Vegas back in the
day and the crazy betting and the So

492
00:43:34,000 --> 00:43:38,760
the Mike Sexton Show was one U
two shows with Billy Baxter. Um,

493
00:43:39,159 --> 00:43:45,559
yeah, those those are my favorites, those guys from from way back telling

494
00:43:45,639 --> 00:43:50,719
stories about what it was like.
Dewey Tomko was another one. Yeah,

495
00:43:50,840 --> 00:43:57,079
and then when you get Stanford Wong
or Ed Thorpe as, these are legends

496
00:43:57,239 --> 00:44:01,840
in our in our industry. It's
like Philip, Well, that's pretty cool.

497
00:44:02,840 --> 00:44:08,440
Another one I liked was during the
Jeopardy right after James Holtzhauer had his

498
00:44:09,119 --> 00:44:14,880
multi million dollars run, he came
on the show and said he had a

499
00:44:14,960 --> 00:44:19,199
choice between coming onto our show.
He was also invited to go to Good

500
00:44:19,199 --> 00:44:22,679
Morning America and be on that show, and he chose Gambling with an Edge,

501
00:44:22,079 --> 00:44:28,719
in which case I lived off of
that comment for months, I thought

502
00:44:28,760 --> 00:44:32,320
that was pretty cool. So,
Michael Schackoper, do you have any final

503
00:44:34,000 --> 00:44:37,400
words or thoughts to our listeners about
your involvement with the show? Well,

504
00:44:37,480 --> 00:44:40,960
thank you for asking. I believe
that between being a co host for a

505
00:44:40,960 --> 00:44:45,239
while and lots of appearances on the
show, I think I've been on about

506
00:44:45,280 --> 00:44:51,440
eighty and I it's been I'm very
proud to have been a part of this

507
00:44:51,480 --> 00:44:53,519
show. I think it's a great
show. There's nothing else, in my

508
00:44:53,559 --> 00:44:58,199
opinion, that compares to it.
So thank you very much for having me

509
00:44:58,280 --> 00:45:04,159
for every single show. Thank you
and thank you. And each co host

510
00:45:04,239 --> 00:45:10,880
is different, and so each one
adds something that the other ones don't.

511
00:45:12,639 --> 00:45:17,840
And so I learned from both of
you two and the guests that you selected,

512
00:45:17,840 --> 00:45:22,679
and thank you both and Frank neilin. Oh you know what, while

513
00:45:22,719 --> 00:45:30,360
we're thanking people, I just want
to say I want to thank I guess

514
00:45:30,360 --> 00:45:34,760
I don't want it. Well,
So first of all, I want to

515
00:45:34,800 --> 00:45:38,320
thank a guy we will call Nick, who designed our logo. About ten

516
00:45:38,400 --> 00:45:42,960
years ago. We went through two
or three or four different logos and he

517
00:45:43,480 --> 00:45:49,519
designed the one that finally stuck and
out of the blue a couple of years

518
00:45:49,559 --> 00:45:54,119
ago, he emailed me a sharper
one. He was saying, you know,

519
00:45:54,760 --> 00:45:59,679
it was looking kind of shoddy.
I guess maybe the technology was a

520
00:45:59,679 --> 00:46:04,159
little better, so he sent me
a crisper one. So we want to

521
00:46:04,159 --> 00:46:07,639
thank him. I want to thank
the person. And I didn't realize I

522
00:46:07,719 --> 00:46:12,800
was going to do this until just
now, so I didn't look up his

523
00:46:12,920 --> 00:46:16,440
name, but the guy who did
the current opening music for the show,

524
00:46:16,840 --> 00:46:22,679
who is an avid listener, so
I want to thank him, And most

525
00:46:22,719 --> 00:46:28,159
importantly, I also want to thank
mister Doppy, who has been doing our

526
00:46:28,320 --> 00:46:34,239
show notes for the last five years, which is a thankless job, and

527
00:46:34,519 --> 00:46:37,719
he has never missed an episode in
that five years that he's been doing it.

528
00:46:37,760 --> 00:46:42,360
So I really want to thank all
of them. Yeah, and when

529
00:46:42,360 --> 00:46:52,440
we started out, we had a
musical logo using money as a song and

530
00:46:52,360 --> 00:46:58,079
want the announced rover at KLIS,
which is the AM station, whose voice

531
00:46:58,199 --> 00:47:05,000
is very low and he's actually in
a in a fifties rock band. It's

532
00:47:05,079 --> 00:47:08,719
just great the way he would say
welcome to gambling with an edge. But

533
00:47:09,239 --> 00:47:12,880
we had to use that. We
had to close that after a while because

534
00:47:12,920 --> 00:47:19,480
we didn't have license to use that
particular song. But but I enjoyed his

535
00:47:20,000 --> 00:47:24,159
way. He would say, welcome
to gambling, so that was cool,

536
00:47:24,360 --> 00:47:30,679
all right. Thank you Michael for
today. Thank you for your support over

537
00:47:30,719 --> 00:47:35,519
the years on the Gambling with an
Edge. Thank you Richard Grunt and had

538
00:47:35,559 --> 00:47:38,079
lots of royal flushes. Everybody,
good day,
