WEBVTT

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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 Danswer and I'm
Richard Munchkin. And today is our last

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day as far as we own now, we're not. This is our last

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show, and it's possible we'll have
sessions in the future. Kind of spurred

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at random. Um, there's no
plans to do that now, and who

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knows what the future will bring.
It's been a nice run, we've enjoyed

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it, and we're gonna get down
to your questions. Um. First ones

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were we just got the day we're
keeping this show, And it came from

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Colin Jones, who is a Black
Tank apprenticeship good friend of the good friend

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of Richard. To me, what
is something you have learned from a guest

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while hosting Gambling with an itche for
me, I think it would be Captain

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Jack telling us about the sign up
bonuses that were happening in Arizona and other

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places for in the sports book.
And when you live in Las Vegas,

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the border Arizona border is not that
far away, and so I was able

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to travel to Arizona and get down
all kinds of bets. It was a

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lot harder than I thought it was
it would be. It's not there's there's

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a learning curve to dealing with the
fine casinos and funding them and stuff like

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that, and so it was not
falling off a log that I thought it

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would be in. It took several
trips. It's just never easy. And

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later I did it flying to Denver
to take advantage of the Colorado bonuses and

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with a different set of beginner problems
that I had to deal with and got

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some of them solved and not solved. Overall, it was a highly profitable

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play. But that's one example of
something I learned a while hosting Gambling with

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an Edge. Richard, did you
learn something that you implemented, Well,

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it didn't come really from one guest. It just came from our guests in

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general, which was the idea that
every single game can be beat under the

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right conditions. And one of the
things I'm proudest of is that we have

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had people on this show talking about
beating every game you can imagine. And

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the person that really drove that home
for me was Mohan Sevastova, who we

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had on twice, who was a
guy who figured out a way to beat

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scratch off lottery tickets, and just
a month ago we had mister Dapion,

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who you know, years later made
enormous amounts of money playing the lottery.

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And so when Mohan was on,
I was like, if you can beat

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the lottery, you can beat anything. And that is true. You can

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beat anything. Now, not all
the time and not every casino, but

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under the right conditions, everything can
be beat. And so that that's what

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was really driven home. Yeah,
I agree with that. And if if

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you haven't read it yet, Mohan
wrote a short story about scrabble that won

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some awards. He's Canadian and won
someone words. So his last name is

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impossible, it's shrivastavas r Iva Stava. But if you look at Shrivastava scrabble

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you'll find it. It is well
worth spending the five minutes to read this

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short story. It is delightful.
Or you could actually if you just search

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for the episode wherever you get Gambling
with an Edge. I'm pretty sure that

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the link to the article is in
the show notes for the episode. He's

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on one of the two episodes he's
on, all right, So we weren't

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planning to have it recommended for today. But that's the one I wasn't planning

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on giving, all right. So
how about an ap play that you missed

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out on that you wish could have
executed. Why don't you go first?

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Because you asked me this just before
we went on the air, and I

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came up with one, and then
now I've already forgotten what it was.

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All I have several. One was
from a period of time Caesar's Palace in

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Las Vega installed one hundred dollars three
coin full Pay Duce is Wild. Now

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full Pay Duce is Wild is a
one hundred points seven six percent game plus

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the normal slot club benefits, and
in this would be three hundred dollars a

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hand. And so it was gone
before I ever heard about it. People

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shared the machine amongst themselves, like
you can have it for four hours and

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then I get it back, or
whatever they did, and it was long

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gone. Somebody had the nerve to
be dealt in royal and for I guess

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I'd be two hundred and forty thousand
dollars. And that was the straw that

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broke the camel's back. So so
I just one. I actually I actually

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have two. So the first one
is back in the early eighties when when

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I retired the first time. It
was the heyday of computer blackjack, and

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I had moved to LA and was
busy trying to break into the film business.

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And my teammates two different teams started
playing with blackjack computer and made seven

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figures. And I was, you
know, busy trying to be an actor.

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So that that's one, and another
one is in the late nineties.

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It was the heyday of banking the
games in California, and I got involved

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just a little bit, but again
I was doing other things, and you

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know, my friends who got all
the way into banking in California again,

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you know, made seven figures.
And so those are those are two of

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the ones that I wish I hadn't
missed out on. And I have another

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one that I hadn't missed out on. Ticket in ticket out is relatively new

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phenomenon from the mid nineties on,
I guess. But it used to be

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when you would get a jackpot,
which would be and when the machine locks

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up, the casino will give you
will put five coins in to start your

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next hand. Now, if you're
playing dollar video poker on a four thousand

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dollars jackpot chappens every forty thousand hands
you get an extra five dollars, or

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in some games aces with a kicker
you get an extra five dollars. That

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is no big deal. But then
Sunset Station installed one hundred dollars machines.

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This requires five hundred dollars to play. And every time you get three of

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a kind or hire it's a w
TWD. And so instead of getting fifteen

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hundred dollars for the WTG WTG,
they would give you the fifteen hundred and

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then give you five coins for the
next one to make to turn it into

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a two thousand dollars jackpot. Wow, the pay schedule was dreadful, but

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it doesn't matter. This was a
I don't know about one hundred eighty percent

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game on a five hundred dollars a
hand game. So the players who just

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figured this out, none of them
could afford five hundred dollars. They just

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uh, but they been when it's
a partnership, it's impossible to lose.

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But of course they the casino only
put up with that for an nine hands

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and hold the plug on it,
and and during those nine hands they did

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lose, So I wouldn't feel bad
about missing that one just because you know

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that's not gonna last. I mean, no matter how dumb the casino is,

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they're going to figure that one out
pretty quick. Yep. So did

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you have another one that you were
going to mention? You said you had

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two. I mentioned of both the
banking in California and the computer play in

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that case, Collins. Third question
is what is our favorite? Wow,

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I can't believe I'm doing this moment
as an ap. And for me,

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that was in the late nineties playing
video poker. There were huge promotions.

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Every weekend. They had ninety six
Jacks, which is ninety nine and a

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half percent with a six seventh slot
club, generous comps, big promotions,

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and so just going and playing ninety
six Jacks are better, which is probably

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the easiest video poker game ever to
play perfectly. This was like several years

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in a row for three or four
hundred thousand dollars per person if you're playing

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this full time, and it's just
it would beat us well and give us

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comp tickets, and it's just like, you know, I just think we

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could be working and this was just
a moment that we knew it wouldn't last,

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and of course it didn't, but
that was my wow, I can't

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believe I'm getting to do this moment. Well, I have two again.

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One of them was initially meeting Ed
Thorpe at the Blackjack ball and having him

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tell me he enjoyed my book and
and and having him show up year after

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year. You know, that was
just really cool for me. Um.

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But the other, the other one
was a play that I really can't go

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into the details of the play,
but it was a play that involved there

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were three other Hall of Fame members
on the table with me on a play

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that lasted twenty four hours and um
was the largest table win of my career,

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so um and and it was a
play where a guy betting most of

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the money was about as famous as
you could get in the blackjack world,

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and and the casino had absolutely no
clue what was going on, none at

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all. And and four months later
invited him back, even after he we

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decided he had to give up,
he had to cash out the money because

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we just thought it would be too
weird for a guy to walk out the

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door with that much in chips.
Um and so he gave up id CTRD,

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gave his real name, and four
months later we were like, you

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know, they never barn you,
maybe we can go back. And he's

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like it's not possible, like there's
just no way, and but we said,

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well, hey, call him on
the phone and say you're thinking about

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coming back, and see what they
say. And they said, yeah,

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come on, you know, we'll
get your room and blah blah blah.

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And we're like, oh my god. And we went back and within the

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within the first hour, they came
and shut the play down and said,

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uh, look, we googled you
and again had no idea what was going

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on, and because the game Wilson
Blackjack that I think had a lot to

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do with it, but yeah,
it was maybe my favorite play of all

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time. Yeah. Actually I haven't
heard that story even offline, so I

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would. I know, maybe the
rest of you want more details on and

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I know I certainly do, but
it sounds like we're not going to get

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him. All right. That's fun, Richard. I know you've mentioned enjoying

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Ken Euston's million dollar Blackjack, something
he said I take issue with as well

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as I blew Colin Jones. Colin
haven't mentioned playing early on with the seventy

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percent risk of ruin? What can
Euston said in the chapter on determination of

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betting strategy, if we are winning
players, chances of tapping out are never

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more than one opportunity. I've often
skeptically thought of that comment. Sitting short

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stacked at the table, Richard,
Well, I don't quite understand that one

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out of two, I mean,
fifty percent chance of tapping out. That

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sounds absurd, Like, uh,
you're of course you're going to tap out

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if you do that. So I'm
not sure what Ken meant. I remember

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back in the eighties Ken calling my
partner Daryl and saying, Hey, I

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got these guys to put up some
money from bankroll. How should I bet

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it? And Daryl was like should
I say to him? Like, why

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don't you look in one of your
books? Ken? So Ken Houston was

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not the best guy to talk about
bankroll management. But I don't know what

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he's referring to, but yeah,
so yeah, and it seems oh oh.

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And as to Colin, Colin says
like he didn't know what he was

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doing. He obviously was playing with
way too high a risk of ruin and

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he didn't learn about that. Until
much later in his career. So that's

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that's what that's about. Yeah,
and that's certainly true for me in video

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poker on I didn't how to calculate
risk of ruin early on. But there's

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also seems to be a difference between
a tapping up session wise and bank roll

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wise. And so I'm thinking you
never are going to bring your entire bank

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roll to the table and risking that, although tapping out for individual session that

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happens all the time where you have
you know, four hundred or five hundred

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bets with you out of whatever your
bank roll is and lose that in an

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individual session. All right. Next
question, Bob, I met you many

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years ago Bargota for a class and
a copy of your books. Will you

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be continuing with your Tuesday blog on
Las Vegas Advisor? Answers Yes, I

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continued. I planned to continue that
blog indefinitely. Stopping the podcast has nothing

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to do with changing my whole life
for getting out of gambling completely or getting

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out of writing. I'd like to
find a way to I teach again.

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I can find a casino that is
interested in having me and has games that

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are teachable. Next question, what
is a penalty? For using ninety six

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backs or better to play ten seven
double bonus. And I haven't calculated this

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recently, but I think it's about
a half percent, taking the game from

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one hundred point one seven to ninety
nine point six approximately, probably more because

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if somebody isn't talent enough or dedicated
enough to learn ten seven double bonus,

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that person probably doesn't know ninety six
jacks or better perfectly anyway, all right,

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Next question is a sports betting about
odds boosters that is promotional that some

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sports book may offer. These bets
mostly have plus EV. What do you

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00:17:06.079 --> 00:17:08.680
think about them? They could be
a marketing tactic by the sports book to

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get you to take on more variants. And a lot of sports books offer

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small bonus bets every day they want
to keep you coming back to their site.

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Most of these are plus EV,
so if you want to go to

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their site, there are players who
will go to all the sites in their

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jurisdiction every day and make these small
bets. And that is definitely positive EV.

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And you can start out your day
with fifty or one hundred, two

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hundred dollars EV and then go on
and do what you normally do. So,

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yeah, if if I can recognize
a good bet. I would.

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I would definitely take this unless starting
your day with a couple hundred dollars ev

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isn't enough to be worth your time, which could be if if you're Richard

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00:18:06.680 --> 00:18:11.640
and talking about this game with four
Hall of Famers on the table, stopping

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to pick up two hundred dollars,
it was way way too much so for

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Richard, if you talk about it. How much whole carding did you do

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in your career as a blackjack or
other games? If you did hole carding,

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did someone training what to look forward? You figure out and scout games

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for yourself? Where'd you learn the
correct strategy for playing against a known hole

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part? So yes, I played
quite a bit of hold cards in the

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beginning. No nobody trained me in
the beginning. It was finding dealers where

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it was obvious, which there were
so many hand dealt games in Las Vegas

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back then that you know, there
were just hundreds and hundreds of games to

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00:19:02.839 --> 00:19:07.640
look at, and the majority of
the games were not what we used to

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call front loaders or third basers with
a handout game, but first basers because

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the dealers used to peak under tens, so someone at first base could see

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what the whole card was onto the
ten. So I played much more of

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that than I did. You know, Flashers, Yes, Blackjack and other

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games. When other games got invented, that was a big boom for a

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lot of people because many of the
new games there were edges to be had.

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So what was the rest of the
question, I think? Or did

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00:19:44.759 --> 00:19:47.839
I answer all of it? Yes? I played it. Yes, I

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played multiple games. No one taught
me. Oh, where did I get

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the strategy? Originally there was a
strategy in Ken Euston's book. I think

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it was million dollar Blackjack. There
was a whole card strategy chart. You

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00:20:00.440 --> 00:20:04.920
know now the you know, the
gold standard is Exhibit CIA by James grow

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00:20:06.319 --> 00:20:08.960
All. Right, now, question
for me, says Bob. You've stated

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00:20:10.000 --> 00:20:11.920
on the show that card pulling,
at least the type where you pull the

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00:20:11.960 --> 00:20:17.640
card between the deal and the drawing
video poker isn't a thing anymore since machines

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00:20:17.680 --> 00:20:22.240
will retain the card's information through the
draw. But do you ever or did

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00:20:22.279 --> 00:20:26.279
you ever employ other types of card
pulling, such as removing the card before

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00:20:26.440 --> 00:20:32.720
the deal when you have a lot
of multiplayers in ultimate act? And my

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00:20:32.880 --> 00:20:38.039
answer is I card pulled very rarely, simply because I'm a well known player

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00:20:38.119 --> 00:20:42.799
and at least in video poker,
in every casino that allows me to play,

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00:20:42.880 --> 00:20:47.599
I assume there are some management people
who think it's a bad idea for

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00:20:47.640 --> 00:20:49.880
them to let me play, so
I try very hard not to give them

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00:20:49.880 --> 00:20:52.839
a reason to kick me out.
I can never know when a camera is

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00:20:52.880 --> 00:21:00.000
looking at me or being reviewed even
after I leave, so I always act

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00:21:00.039 --> 00:21:03.480
as I'm being watched. I have
ever done it? Yes? Do I

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00:21:03.559 --> 00:21:11.839
do it very often? No,
in in slots. There's a lot of

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00:21:14.000 --> 00:21:21.119
really easy ways to do this on
some games that you can generate huge losses

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00:21:22.200 --> 00:21:32.759
basically almost invisibly. But Dicky Krim
mentioned a few of these uh month or

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00:21:32.759 --> 00:21:37.000
so ago. But um, but
video poker, no, I'm not.

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I'm not a card poler. Okay. I've been a regular listener for Gambling

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00:21:41.079 --> 00:21:44.480
with an Edge podcast last few years
and I really appreciate all the time and

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00:21:44.480 --> 00:21:47.559
effort. Thank you very much.
As you wrap up the show, could

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you please recommend any other podcasts,
blogs, forums, or other media resources

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00:21:52.160 --> 00:21:57.400
that come closest to providing the type
of high quality current information and news about

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00:21:57.400 --> 00:22:02.519
advantaged place for which Gambling With and
edges. No, this can include both

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00:22:02.559 --> 00:22:06.160
freed or paid resources. I don't
mind paying for access to information. I

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00:22:06.200 --> 00:22:11.200
also listened to Risk of Ruins,
Tens and Aces, the black Jack Apprentship

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00:22:11.240 --> 00:22:17.200
podcasts all are great, but they
all release episodes much less frequently in gambling

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00:22:17.359 --> 00:22:21.799
with an edge. Okay, so
what are the best podcasts? It depends

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00:22:21.960 --> 00:22:26.240
on your game. Sports betting has
a number of good podcasts. I think

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00:22:26.839 --> 00:22:33.400
you know Captain Jack. I think
Spanky Rufus has some of his own in

242
00:22:33.440 --> 00:22:40.559
addition to the ones he does with
Captain Jack. There are poker podcasts,

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a number of them. I'm not
up to date on the best ones.

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Is that's not my game? The
Richard, do you have anything to recommend

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in that area? Well, if
you covered, you covered the bulk of

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00:22:55.559 --> 00:23:00.799
it. I would also add m
guy Rob Pizzole, who we had on

247
00:23:00.839 --> 00:23:04.599
the show, has a podcast called
Circles Off, which he's a really good

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00:23:04.640 --> 00:23:12.039
interviewer. It's a it's a sports
betting podcast, but I found it engaging,

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even though I'm not a sports better. And the other one that I

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00:23:15.200 --> 00:23:22.079
would recommend, which isn't really a
how to show but a very entertaining show,

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is called Gamblers and it's on The
Ringer, which is, you know,

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00:23:26.039 --> 00:23:30.519
an offshoot of ESPN of some sort, so he doesn't do that many

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00:23:30.559 --> 00:23:34.039
episodes. He has like a season. It's run by David Hill, who's

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00:23:34.079 --> 00:23:40.359
been on the show, and he'll
do like eight episodes and then you know

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00:23:40.400 --> 00:23:44.960
it'll be gone for a few months
or whatever. So um, I would

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00:23:44.960 --> 00:23:49.960
add those those two to the mix. Yeah, and Richards also recommended like

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the Freakonomics podcast and a few other
podcasts which are not directly related to gambling

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00:23:56.880 --> 00:24:02.759
usually, but he's commanded them,
and I assume he's still does. Oh

259
00:24:02.839 --> 00:24:06.079
yeah, absolutely, yeah. I
have lots of other podcasts I could recommend,

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00:24:06.119 --> 00:24:11.839
but that aren't gambling related. Okay, what is the biggest life lesson

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that you've learned while gambling? Not
so much gambling, but life lessons.

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So my advice on that is to
take care of yourself healthwise and LifeWise.

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00:24:22.599 --> 00:24:29.680
Stop smoking, manage your weight,
exercise lots of water. Being vaccinated is

264
00:24:29.720 --> 00:24:34.160
a smart thing to do, whatever
your politics. Maintain relationships with other humans,

265
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even if you're a solo road warrior. Findet zoomed that interests you.

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I participate in a Toastsbaster group out
of Iowa. They still have it on

267
00:24:48.200 --> 00:24:52.759
Zoom. They started. They've been
around forever, but they started Zoom podcasts

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00:24:52.839 --> 00:24:59.279
they're still doing them. So I've
never met any of the people personally,

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00:25:00.160 --> 00:25:07.119
although I know one from another podcast. But I now I'm kind of in

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relationship with fifteen people who are interesting
who I've ever met, but I certainly

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00:25:11.559 --> 00:25:15.880
know what they look like and what
their life's all about. Having an interest

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in other people, it's probably important
consider volunteering. Branch out. Don't be

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the one trick pony, either in
gambling or in life Richard. So life

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lessons from the show or from gambling, The two that stick out or three

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that stick out to me are learned
to look at life in terms of expected

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value, like really understand what expected
value is and apply that to other things

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in your life. Another one is, man, I cannot say this enough

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00:25:59.680 --> 00:26:03.599
time, sort of stressed enough.
Your success is going to be determined by

279
00:26:03.880 --> 00:26:11.799
your network and how hard you work. It's just then your network is so

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00:26:11.119 --> 00:26:17.960
incredibly important. And as I mentioned
on the last Mailbag show, one of

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the greatest benefits of this show to
me was it expanded my network so much

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by meeting people I never would have
met otherwise, so and it just makes

283
00:26:30.480 --> 00:26:37.480
me anyway happier because I have more
people that I interact with in interesting,

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in creative ways. So those are
the two to jump out at me.

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Yeah, I definitely agree with that. Now, Richard likes people more than

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00:26:49.720 --> 00:26:53.799
I like people, and so it
is easier for he has been so much

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00:26:53.839 --> 00:27:00.440
more successful at networking than I ever
have. But I do believe believe that

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my life works better when there's at
least some other human interaction, and both

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00:27:07.559 --> 00:27:15.119
on a professional and a personal level
or another Yeah, I'm sorry, go

290
00:27:15.160 --> 00:27:22.880
ahead, finish your thought. No, go ahead. I also would add

291
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I'm a big fan of quitting,
So when things are not working, quit

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00:27:29.720 --> 00:27:34.119
So I think people get stuck in
ruts where they feel like I can't quit.

293
00:27:34.160 --> 00:27:40.119
I've got a mortgage or I I
for whatever reason. But if you're

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00:27:40.160 --> 00:27:44.240
not happy doing what you're doing,
then just stop and do something else.

295
00:27:44.720 --> 00:27:48.960
You won't starve, You'll find another
job or whatever it is. But life

296
00:27:48.000 --> 00:27:52.759
is too short to hate. I
really like the Anti Duke book on called

297
00:27:52.839 --> 00:27:59.200
Quitting or Quit about some guidelines of
when it does make sense to quit and

298
00:27:59.200 --> 00:28:04.200
when it doesn't, and having a
good quitting strategy makes a lot of sense,

299
00:28:04.880 --> 00:28:07.880
all right. Next question. About
a year ago, I met some

300
00:28:07.920 --> 00:28:11.599
fellowayps who used to play black deck, but they told me they started building

301
00:28:11.640 --> 00:28:17.359
players cards for free play. They
started getting me into it, but it

302
00:28:17.480 --> 00:28:21.480
soon turned me into working for them, where I would gather all their free

303
00:28:21.480 --> 00:28:26.559
play for them off of multiple cards. They assured me it wasn't illegal,

304
00:28:26.640 --> 00:28:30.519
but after seeing all the money it
was producing and made me feel pretty uncomfortable,

305
00:28:30.240 --> 00:28:33.920
I recently told him I wasn't going
to be doing this anymore, but

306
00:28:33.000 --> 00:28:37.519
I kind of figured that activity.
A lot of people are doing this and

307
00:28:37.680 --> 00:28:41.839
wanted to know from you guys if
this kind of activity was legal or not,

308
00:28:41.519 --> 00:28:47.079
or had any sage advice as to
how to proceed would leave my conscious

309
00:28:47.279 --> 00:28:52.160
feeling better. Now. I do
play on my wife's card where it's allowed

310
00:28:53.200 --> 00:28:57.039
or where I have not typically been
told not to do it, which has

311
00:28:57.039 --> 00:29:02.680
happened in a few places, But
in general playing on somebody else's card,

312
00:29:02.920 --> 00:29:07.640
especially several other person's cards, I
believe it's fraud. There are a lot

313
00:29:07.680 --> 00:29:11.039
of listeners to this podcast who do
it. I'm not a fan. This

314
00:29:11.119 --> 00:29:15.680
is an AP move, but it
is also, in my opinion, cheating.

315
00:29:18.119 --> 00:29:23.000
I would just add that it may
be illegal in some places and not

316
00:29:23.079 --> 00:29:30.599
others. But even if it is
not illegal, I know quite a number

317
00:29:30.640 --> 00:29:33.240
of people who have been arrested for
it, and some charged for it,

318
00:29:33.359 --> 00:29:38.559
and some who had to plead guilty
to some charges for it. So it

319
00:29:40.279 --> 00:29:45.319
is it is something you have to
realize there is risk involved, and they're

320
00:29:45.319 --> 00:29:49.480
giving you the risky part, right, You're the one going in with the

321
00:29:49.559 --> 00:29:56.400
multiple cards to pick up the money. So yeah, I would definitely not

322
00:29:56.519 --> 00:30:02.759
be doing it for somebody else unless
they're I mean, even if they were

323
00:30:02.759 --> 00:30:06.240
paying me a lot a big chunk
of the of the money. Often you

324
00:30:06.279 --> 00:30:10.759
know they're paying people ten percent or
twenty percent to go pick up the free

325
00:30:10.799 --> 00:30:15.319
play. You know. I think
it's I think it's crazy. All right.

326
00:30:15.279 --> 00:30:21.599
What do you both predict for the
future of AP Richard, Well,

327
00:30:21.599 --> 00:30:26.559
I've said this on the air a
number of times. I predict that ten

328
00:30:26.640 --> 00:30:33.480
years from now there may be no
live casino games anymore. That it'll all

329
00:30:33.559 --> 00:30:44.400
be machines, and it will be
impossible to play anonymously because places they're already

330
00:30:44.519 --> 00:30:48.839
restaurants and things like that that will
not accept cash. It's eventually it'll be

331
00:30:48.960 --> 00:30:53.799
casinos that won't accept cash. It'll
be some something on your phone or some

332
00:30:53.920 --> 00:31:00.400
device that hasn't been invented yet where
you will get your money into play through

333
00:31:00.400 --> 00:31:04.839
that device, and because of that, they will have all your information.

334
00:31:06.799 --> 00:31:14.319
So for the vast majority of people, AP will be dead. But sharp

335
00:31:14.440 --> 00:31:19.039
aps are always going to find ways
to beat games. I at least I

336
00:31:19.079 --> 00:31:26.200
believe that even if you can't be
anonymous, and even if there's no cash,

337
00:31:26.480 --> 00:31:30.880
sharp players are going to find a
way to beat games. Yeah,

338
00:31:30.920 --> 00:31:37.039
it's a mindset. I mean it's
yeah. It might not be card counting,

339
00:31:37.160 --> 00:31:41.000
it might not be video poker.
Who knows what it'll be. I

340
00:31:41.039 --> 00:31:47.599
mean, nobody thought they'd be out
playing slots full time twenty years ago.

341
00:31:48.799 --> 00:31:55.440
But that's a thing, right,
So things change and you adapt or die,

342
00:31:56.079 --> 00:32:00.880
all right, Does anyone still earning
in black jack with automatic shuffle machines

343
00:32:01.759 --> 00:32:07.720
Richard, Well, most of the
people making money in blackjack aren't playing.

344
00:32:08.000 --> 00:32:15.160
I think you mean continuous shuffling machines. Automatic shuffling machines are just machines that

345
00:32:15.240 --> 00:32:19.079
shuffle the cards for you, but
they still deal them out of a shoe

346
00:32:19.160 --> 00:32:22.640
with a cut card and deal,
you know, four decks out of six

347
00:32:22.720 --> 00:32:30.400
or whatever are but continuous shuffling machines, then card counting is mostly dead in

348
00:32:30.440 --> 00:32:35.119
that situation. That doesn't mean that
the game of blackjack can't be beat,

349
00:32:35.680 --> 00:32:40.519
but it is mostly dead for card
counters if all they have is continuous shuffling

350
00:32:40.519 --> 00:32:45.119
machines, like some of the countries
in Europe. But they still might have

351
00:32:45.200 --> 00:32:51.079
whole carding possibilities on these games or
promotions or something. Well yeah, but

352
00:32:51.200 --> 00:32:53.240
not in Europe because they don't take
a whole card. But there might be

353
00:32:53.279 --> 00:33:00.480
other ways to beat the game.
Yeah, all right, what is your

354
00:33:00.480 --> 00:33:07.839
favorite casino game of all time?
Well, I mean, I'm I'm just

355
00:33:08.000 --> 00:33:12.319
tempted to say blackjack, just because
that's where I spent the most amount of

356
00:33:12.319 --> 00:33:15.759
my time. Yeah, well,
you're still debated. Yeah, let me

357
00:33:15.079 --> 00:33:19.839
let me try my answer. For
me, even though I play a lot

358
00:33:19.880 --> 00:33:25.079
of slots these days, video poker
has been the my meat potatoes for almost

359
00:33:25.079 --> 00:33:34.799
thirty years, and for me,
in video poker my favorite. I enjoy

360
00:33:34.960 --> 00:33:39.599
induces while and quick quads more than
other video poker games, but I always

361
00:33:39.720 --> 00:33:47.640
ranked favorite in terms of expected dollars
per hour, and for me for an

362
00:33:47.680 --> 00:33:53.440
extended period of time, that was
always at the MGM Grand in Las Vegas

363
00:33:53.519 --> 00:34:01.359
during my Million Dollars run twenty some
years ago, where they were given away

364
00:34:01.400 --> 00:34:05.599
the store and didn't realize that.
I just kept playing and playing and playing,

365
00:34:05.599 --> 00:34:13.920
and that was definitely something that was
really favorite for me. Yeah,

366
00:34:13.960 --> 00:34:17.800
what's your largest failure in a casino? Did we have this question before?

367
00:34:17.960 --> 00:34:22.239
I thought we answered it? Maybe
not, maybe I just read it.

368
00:34:22.639 --> 00:34:28.599
But anyway, if I've told the
story before, forgive me. But in

369
00:34:28.880 --> 00:34:36.079
nineteen eighty five, there used to
be a magazine called Gambling Times. It

370
00:34:36.119 --> 00:34:45.480
was a monthly magazine and I would
read it religiously. And I saw a

371
00:34:45.599 --> 00:34:51.559
little ad in the back of the
magazine that said they were opening a new

372
00:34:51.639 --> 00:35:00.480
casino in Aruba and they were going
to have single deck. And I immediately

373
00:35:00.960 --> 00:35:04.360
called my friend Daryl, and I
said, Hey, we need to go

374
00:35:04.400 --> 00:35:08.360
to a Ruba. And so I
had found two games. One was in

375
00:35:08.480 --> 00:35:12.119
Through a Sow where they had an
early surrender, and then there was this

376
00:35:12.159 --> 00:35:15.960
game. So we went to Curius
Out first. We got stuck right away

377
00:35:15.639 --> 00:35:22.280
with the early surrender, and so
we ended up there extending our trip and

378
00:35:22.320 --> 00:35:25.000
we didn't have a lot of time
left, so we finally flew over to

379
00:35:25.079 --> 00:35:30.480
a Ruba and we get to a
Ruba and we asked them where's the new

380
00:35:30.519 --> 00:35:34.079
casino, and they send us to
a place and we go there and there's

381
00:35:34.119 --> 00:35:38.400
no single deck, and so we
go scout all the other casinos on the

382
00:35:38.400 --> 00:35:45.360
island and it's not there. It
was all a false alarm. So we

383
00:35:45.480 --> 00:35:50.880
lost this money and we head back
to Vegas and I later found out that

384
00:35:51.719 --> 00:35:55.440
there was a casino that we missed
somehow. It was not right on the

385
00:35:55.440 --> 00:36:00.920
beach and we did not find it. And the guy who did find it

386
00:36:01.440 --> 00:36:06.239
was able to win three hundred thousand
dollars on that game before they kicked him

387
00:36:06.239 --> 00:36:10.880
out, and those are nineteen eighty
five dollars. And so that was my

388
00:36:12.000 --> 00:36:15.920
biggest failure, the fact that we
did not find that game, knowing that

389
00:36:15.960 --> 00:36:22.159
we were going there specifically to look
for that game. All Right, what

390
00:36:22.360 --> 00:36:25.519
is the single best piece of gambling
advice you could give to an up and

391
00:36:25.559 --> 00:36:30.599
coming gambler. Well, I think
we just kind of covered that a couple

392
00:36:30.599 --> 00:36:37.840
of questions ago. But the best
piece of advice is think about things in

393
00:36:37.960 --> 00:36:44.559
terms of expected value, and your
success will be determined by your network and

394
00:36:44.679 --> 00:36:50.239
how hard you were. Yeah,
I'm thinking the person who sent this question

395
00:36:50.480 --> 00:36:57.320
is wants to know how to get
rich without doing any work, and I

396
00:36:57.360 --> 00:37:00.320
don't know how to do that.
Yeah, good luck with that, all

397
00:37:00.360 --> 00:37:05.239
right, Where you're going to have
our last commercial break and we have poor

398
00:37:05.320 --> 00:37:08.519
questions before we wait, you know
what, wait just a second, I

399
00:37:08.559 --> 00:37:16.840
have one more piece of advice.
Conventional wisdom is maybe conventional, but it's

400
00:37:16.880 --> 00:37:23.320
not wisdom. I think there is
money to be made in areas where people

401
00:37:23.360 --> 00:37:28.719
say, oh, well, you
can't do this, and and sometimes those

402
00:37:28.760 --> 00:37:34.280
are the areas you need to go
really investigate because you won't have competition if

403
00:37:34.320 --> 00:37:37.239
you find a way to do what
everybody tells you you can't do. So

404
00:37:37.760 --> 00:37:45.119
just you know a couple examples or
one example of that is it used to

405
00:37:45.159 --> 00:37:50.440
be, you know, when six
to five came out, people were just

406
00:37:50.599 --> 00:37:53.239
like, oh, this is horrible, the death of blackjack, and you

407
00:37:53.280 --> 00:37:58.360
know, nobody should ever play six
to five. And there were a lot

408
00:37:58.400 --> 00:38:02.800
of players who made lots of money
playing six to five because they didn't listen

409
00:38:02.840 --> 00:38:09.039
to the conventional wisdom. Another example
was every time somebody brought up computers on

410
00:38:09.159 --> 00:38:14.960
the old BJ twenty one, Stanford
Wong and a whole list of guys would

411
00:38:15.000 --> 00:38:21.079
immediately say that's illegal, you'll go
to jail. Well, it was illegal

412
00:38:21.159 --> 00:38:27.400
in Nevada, that didn't mean it
was illegal everywhere. And so again,

413
00:38:27.639 --> 00:38:31.480
you know, people who did not
listen to the conventional wisdom were able to

414
00:38:31.480 --> 00:38:37.679
play with computers and places where it
was still legal. So just one more

415
00:38:37.719 --> 00:38:43.000
piece of advice, and ploppies,
those options are not available to ploppies.

416
00:38:43.119 --> 00:38:50.639
I'm assuming ploppies mean you know nothing
about advantage gambling, and what Richard's talking

417
00:38:50.679 --> 00:38:57.320
about is pretty sharp players looking for
new ways on top of the old ways.

418
00:38:57.360 --> 00:39:01.239
But they're really well versed in the
old ways, so it may not

419
00:39:01.360 --> 00:39:07.760
be thing. So you got to
learn some stuff before you're able to do

420
00:39:07.800 --> 00:39:13.119
these things, all right, Richard
vans to lead off the commercials Okay,

421
00:39:13.159 --> 00:39:16.239
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the Blackjack Apprenticeship membership is a great way

422
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423
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424
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and got their start through Blackjack Apprenticeship. Check out the website at Blackjack apprenticeship

425
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426
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you learn. That's Blackjack Apprenticeship dot
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427
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428
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430
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431
00:39:54.320 --> 00:39:58.880
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432
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not both, you receive a split
card. A split card may be any

433
00:40:02.800 --> 00:40:07.800
card. Once the split card is
chosen, the additional card may be,

434
00:40:08.159 --> 00:40:14.079
with equal probability the same card card
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435
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For example, if the Ace of
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436
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437
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or two Aces of Clubs. The
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438
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439
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before we leave this, videopoker dot
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440
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441
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442
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443
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but we thank all of our answers
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444
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And our news sponsors are you know, Unabated and Blackjack Apprenticeship, and

445
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they're certainly willing for us to keep
going. But we kind of run out

446
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of teams, so let's here one
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447
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right for you. All right,
Have either of you ever advantage played a

456
00:42:07.519 --> 00:42:15.639
carnival game at an actual carnival.
No, I don't think I ever have.

457
00:42:16.800 --> 00:42:22.079
I can think of one example where
I did. I probably was eighteen

458
00:42:22.159 --> 00:42:31.880
or nineteen years old and with my
first real girlfriend, and we both were

459
00:42:31.880 --> 00:42:37.760
Sunday school teachers at the local Methodist
church, and so they took all so

460
00:42:37.800 --> 00:42:43.079
we kind of chap broke a group
of kids who went to a carnival and

461
00:42:43.239 --> 00:42:47.679
they had a fire a gun and
hit a target and if you can knock

462
00:42:47.679 --> 00:42:52.559
go the target, you get a
free teddy bear. So Gretchen Toby she'd

463
00:42:52.559 --> 00:42:58.639
like a teddy bear. So it
didn't look that hard. So I went

464
00:42:59.000 --> 00:43:04.360
and went up there, and they
showed me how easy it was, and

465
00:43:04.400 --> 00:43:08.400
they just like tipped it with a
long stick and fell right over, And

466
00:43:08.440 --> 00:43:14.559
then they put it back up there
again and had me shoot, and even

467
00:43:14.559 --> 00:43:17.079
if I bet again, they would
let me use the stick to push it

468
00:43:17.159 --> 00:43:23.079
over. And of course it didn't
work because but I noticed the thing I

469
00:43:23.199 --> 00:43:31.639
had to tip over had it it
was lopsided, and if the the fat

470
00:43:31.719 --> 00:43:37.920
side, then when you tip the
top it just falls over and but doesn't

471
00:43:37.960 --> 00:43:42.079
fall off the shelf. And if
you if the fat side is behind,

472
00:43:42.159 --> 00:43:46.800
then when you tip the top it
actually falls into the hole. So um,

473
00:43:47.239 --> 00:43:52.159
but I noticed that it had a
I noticed the spot, and when

474
00:43:52.239 --> 00:43:55.000
they did it to show me how
easy it was, the spot wasn't there.

475
00:43:55.639 --> 00:44:00.400
And when I had to do what
the spot was there. So after

476
00:44:00.440 --> 00:44:04.639
I had the stick to they just
allowed me to push it over if I

477
00:44:04.719 --> 00:44:08.199
paid for the bet. Then I
said, you need to turn it around

478
00:44:08.639 --> 00:44:15.440
because you're cheating, and if you
turn it around, I'll tell everybody how

479
00:44:15.440 --> 00:44:21.119
are you cheating them? So they
turned it around and let me push it

480
00:44:21.159 --> 00:44:24.639
over with the thing and I got
Gretchen a Teddy Bear. So um,

481
00:44:25.880 --> 00:44:30.760
I have no idea where that teddy
Bear is today. I suspect it is

482
00:44:30.800 --> 00:44:37.400
long gone, but I have not
seen Gretchen for sixty years and Teddy Bear

483
00:44:37.480 --> 00:44:42.199
either. All Right, you said
that the worst thing you can do with

484
00:44:42.280 --> 00:44:45.800
the promotional match wager is to get
on Roulette and have one person place their

485
00:44:45.880 --> 00:44:50.400
match bet on red and the other
place at the same wager on black,

486
00:44:50.440 --> 00:44:53.679
and then split the wind if the
wind happens. It took I took my

487
00:44:53.719 --> 00:44:59.159
friends to be acclaim and using Southwest
promotion that has been mentioned on the show.

488
00:44:59.239 --> 00:45:01.960
Thank you very much, and my
buddy who rare. Hambles took the

489
00:45:02.000 --> 00:45:07.800
advice from the group DGEN to use
the strategy attempt to talk both out of

490
00:45:07.800 --> 00:45:13.280
it, and alluded to the show
saying they're better off placing it on number

491
00:45:13.400 --> 00:45:16.480
or numbers. The DGEN said,
but this is a sure thing. Um

492
00:45:17.400 --> 00:45:22.000
well it hit green, so I
felt validated. Can you explain this again

493
00:45:22.519 --> 00:45:25.559
so I can share with them?
Or in what episode can I find this

494
00:45:25.679 --> 00:45:32.159
information? Oh, we don't want
to spend their last episode talking about math.

495
00:45:34.119 --> 00:45:39.320
Uh yeah, I don't. I
don't remember what episode it was in.

496
00:45:39.480 --> 00:45:44.599
But you know, people like that, I think you're better off not

497
00:45:44.679 --> 00:45:50.519
even trying to or or you know, a better thing is whatever they think

498
00:45:50.559 --> 00:45:54.719
they're guaranteed to win, offer them
that amount of money to buy the coupon

499
00:45:54.880 --> 00:45:59.519
from them, and then better the
right way and earn the extra EV.

500
00:46:00.559 --> 00:46:06.199
Yeah, and you know, one
one thing about EV is you can lose

501
00:46:06.719 --> 00:46:13.199
on this particular If you're really concerned
about winning this particular time, then yeah,

502
00:46:13.320 --> 00:46:16.840
taking the guarantee is worth something.
But if you're in this game for

503
00:46:17.920 --> 00:46:23.159
a length of time, winning this
particular time is not so important. It's

504
00:46:23.199 --> 00:46:29.760
how you do over over the year, over your lifetime that matters. Also,

505
00:46:29.880 --> 00:46:32.760
by the way, most places will
not allow you to bet those coupons

506
00:46:32.840 --> 00:46:37.480
on a single number, so it
may not have even been an option.

507
00:46:37.320 --> 00:46:44.559
Yeah, And when when I play
at the d with my those coupons,

508
00:46:44.639 --> 00:46:50.159
I use it on the it's the
gambling pass line, just the craps pass

509
00:46:50.239 --> 00:46:58.159
line, and it's resolved fairly quickly. I win my forty nine percent of

510
00:46:58.239 --> 00:47:04.480
the time that are supposed to and
it works out fine. And so they

511
00:47:04.800 --> 00:47:07.360
can you can have a lot of
these coupons all at once. You get

512
00:47:07.440 --> 00:47:14.320
two every two every time you show
your pet. In addition to Southwest,

513
00:47:14.360 --> 00:47:20.519
they also will accept boarding passes from
Spirit Airlines, and so you can do

514
00:47:20.599 --> 00:47:22.960
it every time you come to Vegas. As long as you flew on one

515
00:47:23.000 --> 00:47:27.519
of those airlines, you get two
of these twenty five dollars match play cupons.

516
00:47:28.039 --> 00:47:31.719
So if there's two of you,
that's four coupons for all right.

517
00:47:34.559 --> 00:47:37.760
And when I play, I'm also
playing someone slots at the same time.

518
00:47:38.199 --> 00:47:44.360
I'm not going in there just to
collect the bonus. If I'm in there

519
00:47:44.920 --> 00:47:46.920
and they and I have to go
to booth to collect it, I make

520
00:47:47.000 --> 00:47:52.519
sure they have play on my card
on day, all right. Next question

521
00:47:53.159 --> 00:47:57.920
I'm a new listener and very much
enjoy your podcast. I played Black Teck

522
00:47:58.000 --> 00:48:01.079
for years and have recently tried high
local hard counting system and, being honest

523
00:48:01.119 --> 00:48:06.519
with myself with my attention deficit disorder, I found the hours on end concentration

524
00:48:06.599 --> 00:48:10.159
remark successfully implement the system is just
too much for me. Instead, I'm

525
00:48:10.159 --> 00:48:15.239
playing perfect basic strategy at the most
busy table I can find while playing rated

526
00:48:15.920 --> 00:48:20.199
with casino comps. I'm actually playing
very close to break even and having fun

527
00:48:20.280 --> 00:48:24.119
doing so. My question is is
there any advice for lowering the house edge

528
00:48:24.159 --> 00:48:30.239
further than what I'm already doing without
using a professional card counting system. My

529
00:48:30.360 --> 00:48:35.639
interested is being the smartest gambler I
possibly can, given that card counting is

530
00:48:35.679 --> 00:48:39.800
too tough for me. Well,
I would say probably there were There are

531
00:48:39.880 --> 00:48:44.800
things you could do. I assume
you're playing double deck, which is going

532
00:48:44.800 --> 00:48:49.239
to give you the lower house edge
than the shoe games, and there are

533
00:48:49.320 --> 00:48:53.599
some kind of combinations of cards that
would give you a tiny amount, but

534
00:48:54.119 --> 00:49:01.800
better would be to try to fool
them on your size of your bet and

535
00:49:01.880 --> 00:49:07.639
the amount you're playing. So Comps
City is a book we've talked about a

536
00:49:07.679 --> 00:49:12.239
lot by Max Rubin, And the
idea is your comps are based on your

537
00:49:12.320 --> 00:49:19.239
average bet and the amount of time
you're playing. So if you can convince

538
00:49:19.320 --> 00:49:23.559
them that you're betting more than you
really are and that you're playing more longer

539
00:49:23.599 --> 00:49:30.400
than you really are, that will
lower the amount that you're giving to the

540
00:49:30.440 --> 00:49:37.320
casino and EV but get you more
in comps. So the ways to do

541
00:49:37.400 --> 00:49:40.760
that are to bet more when the
pit boss is over there filling out the

542
00:49:40.880 --> 00:49:47.239
rating card and then lower your bets
when he walks away, and taking frequent

543
00:49:47.320 --> 00:49:54.320
bathroom breaks, doing things like getting
to the table before they're going to change

544
00:49:54.360 --> 00:49:58.639
the cards, because it always takes
time for them to go through all the

545
00:49:58.719 --> 00:50:01.159
decks and change the cards, and
you're on the clock while that's happening.

546
00:50:01.719 --> 00:50:09.119
So yeah, those are the things
that can increase your comps and lower the

547
00:50:09.159 --> 00:50:16.760
amount of EV you're giving the casino. Right, last question about video poker,

548
00:50:17.400 --> 00:50:22.440
I've recently started practicing on my phone, and when trying to play quickly,

549
00:50:22.480 --> 00:50:24.639
I occasionally hold a face car to
throw away a low pair just by

550
00:50:24.679 --> 00:50:29.039
accident, but it will make me
feel better if they don't see an additional

551
00:50:29.079 --> 00:50:31.719
low card of the same value on
the draw because I figured it wouldn't have

552
00:50:31.800 --> 00:50:36.440
hit a three or four of a
kind with that car. Is this the

553
00:50:36.519 --> 00:50:40.199
correct mentality or would the draw be
different had I kept the pair? I

554
00:50:40.239 --> 00:50:45.039
figure out I'm wrong, But it
does make me feel better about making a

555
00:50:45.119 --> 00:50:51.719
mistake. Well, I'm glad it
makes you feel better whatever. Whenever that

556
00:50:51.800 --> 00:50:57.320
happens to me, I slow down. Usually such mistakes are made by playing

557
00:50:57.320 --> 00:51:01.280
too fast. These airs add up, which can mean the game you thought

558
00:51:01.280 --> 00:51:08.320
you were playing with advantage you aren't. So whatever card you actually hit on

559
00:51:08.400 --> 00:51:14.039
this practice on your phone, you
have no bearing on anything. That's not

560
00:51:14.159 --> 00:51:16.920
really a payoff window. And when
you're playing, if you make this mistake

561
00:51:16.920 --> 00:51:22.480
in a casino, it's the cards
are still shuffling, and so the actual

562
00:51:22.559 --> 00:51:25.840
cards that you get after holding the
single high card are going to be different

563
00:51:25.840 --> 00:51:30.400
than the ones you you got if
you if you held it a tick slower.

564
00:51:30.559 --> 00:51:37.519
So basically, slow down and you'll
be And so we're at the end.

565
00:51:37.320 --> 00:51:43.400
Do you have any last words for
our listeners, Richard, Just that

566
00:51:43.480 --> 00:51:52.440
it's been a pleasure. I started
August of twenty eleven, so twelve years

567
00:51:52.440 --> 00:51:58.119
ago, almost twelve years, and
it's just it's been great. I've learned

568
00:51:58.159 --> 00:52:01.599
a lot, met a lot of
great people. So yeah, I've really

569
00:52:01.719 --> 00:52:07.559
really enjoyed my time doing this.
Yeah, and I started six months before

570
00:52:07.599 --> 00:52:14.559
that where Frank Niela was my co
host for a while. And I've learned

571
00:52:14.599 --> 00:52:21.719
a lot and I appreciate the I've
become. I become less of a pariah.

572
00:52:21.840 --> 00:52:29.039
Since I started this, I have
historically had lots of bad um things

573
00:52:29.079 --> 00:52:35.719
written about me in various blogs,
various Internet forums. And since I started

574
00:52:35.760 --> 00:52:40.079
the show and people have gotten to
know me more. Um, a lot

575
00:52:40.119 --> 00:52:47.599
of the questions still have gone away. The still on I'm not the I

576
00:52:47.679 --> 00:52:52.159
don't have a lot of fans on
blackjack discord. I understand that, and

577
00:52:52.199 --> 00:52:55.800
they still trash me regularly, but
um wait, they love you. They

578
00:52:55.840 --> 00:53:04.400
love sexualizes and video poker. Okay, shall we say that opinion is not

579
00:53:04.480 --> 00:53:09.880
unanimous over there. But uh,
but I've enjoyed it. I've grown a

580
00:53:09.880 --> 00:53:19.119
lot as a knowledge wise UM have
now accepted as a wise senior citizen of

581
00:53:19.280 --> 00:53:25.559
in the gambling world, which is
um not a bad position to be in.

582
00:53:28.760 --> 00:53:31.400
I continue to get invited to the
Blackjack ball, for which I'm grateful.

583
00:53:31.400 --> 00:53:37.840
I enjoy that, even though blackjack
is not my game and getting to

584
00:53:37.880 --> 00:53:45.880
know Richard better has been a plus, and I'm one of my goals is

585
00:53:45.920 --> 00:53:50.679
to stay in touch with him even
after we end this the good part of

586
00:53:50.679 --> 00:53:54.119
my network, well, thank you
all our listeners for this. Thank you

587
00:53:54.239 --> 00:54:00.079
Richard. Go out and hit a
royal flush everybody. Good day to

