Gambling With an Edge

Latest Episodes:

Blackjack Teams Throwback Aug 21, 2022

Show notes

Our guests this week are Tommy Hyland, and John Chang, on to talk about blackjack teams. Tommy runs the Hyland team, one of the longest running and most successful teams of all time. You can read about him in Gambling Wizards. (Shameless plug) John ran the MIT team and you can read more about him in my interview here. https://www.lasvegasadvisor.com/gambling-with-an-edge/interview-with-johnny-c/

Shane Sigsbee Aug 18, 2022

Show notes

Our guest this week is Shane Sigsbee. Shane started a company called "I am a Whale" that backed professional poker players, and then moved into sports arbitrage, and getting down for other pros.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of sports better Shane Sigsbee
[00:30] Shane's background in golf
[01:20] Betting on golf
[01:56] Does being a skilled golfer help Shane handicap golf?
[03:07] Betting on golf
[05:19] Billy Walters
[06:45] Transitioning from financing to gambling, backing poker players
[11:47] Pricing staking deals,
[16:01] Finding winning players, backing low stakes
[17:28] Getting stiffed by winning players
[20:10] Player contracts
[21:55] Transitioning into sports, moving to Las Vegas
[25:40] Getting action down without getting limited
[29:00] http://SouthPointCasino.com
[29:46] http://BlackjackApprenticeship.com
[30:15] http://VideoPoker.com/gwae
[31:10] Arbitrage, line manipulation, off-shore outs
[33:56] Betting for clients, beards
[34:47] Client characteristics
[36:29] What sports does Shane bet on?
[37:37] Company size and structure
[38:23] Super Bowl props
[39:31] In-game and half-time bets
[40:29] Buying real estate, Airbnb
[45:01] Diversification, real estate business
[51:21] Networking
[52:17] Bet Bash
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Guest Links:
http://Twitter.com/imawhalesports

Cat Hulbert Throwback episode Aug 14, 2022

Show notes

This is a throwback episode from April of 2013. Our guest was Cat Hulbert. Cat was a professional blackjack player 30+ years ago. She played with the Czechs, and on the Ken Uston team in Atlantic City. She then turned to professional poker. She is the author of Outplaying the Boys, https://amzn.to/3p8tTjP and is featured in Gambling Wizards. https://amzn.to/3p8tTjP

Mail bag 8/11/2022 Aug 11, 2022

Show notes

No guest this week as we answer questions from our mail bag.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction
[00:30] Bill Benter's published material
[02:02] Risk of ruin for 8/5 and 8/6 Jack or Better
[03:47] Getting flat-bet at a Strip casino
[05:06] Intermittent fasting
[17:00] Getting cut off from comps at a small locals casino
[19:39] Backed off aggressively for counting at a Native American casino
[22:26] Relationship between net worth and bankroll
[26:55] Gambling advice, blackjack on Vice
[30:16] https://SouthPointCasino.com
[31:06] https://BlackjackApprenticeship.com
[31:38] https://VideoPoker.com/gwae
[33:05] Average daily theoretical calculations across properties
[34:18] Dating tips for a single professional gambler
[37:11] Speed of shuffling on video poker games
[38:20] Paying off markers with a credit card
[40:05] Video poker training software, Win Poker
[41:43] Does a property care about the use of video poker strategy cards
[43:01] Calculating the edge on a video poker loss rebate
[49:11] Video poker progressives
[50:57] Recommended: The Bear on Hulu, Official Secrets on Netflix
Sponsored Links:
https://SouthPointCasino.com
https://BlackjackApprenticeship.com
https://VideoPoker.com/gwae
Sites Referenced:
https://WizardofOdds.com
https://Vpfree2.com
Vice episode https://youtu.be/PsZpnoELOus
Bill Benter's 1994 paper:
https://www.gwern.net/docs/statistics/decision/1994-benter.pdf
Bloomberg article:
https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code?utm_content=business&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
Recommended:
"The Bear" https://Hulu.com/series/the-bear
"Official Secrets" https://Netflix.com/title/81052553

BJ Traveller - Throwback episode Aug 07, 2022

Show notes

This is a throwback episode from 2012, and the guest was BJ Traveller. BJT is Chinese and at the time of the recording had played blackjack in 66 countries around the world, and written 10 books about his exploits. You can read my print interview with him here:
https://www.lasvegasadvisor.com/gambling-with-an-edge/my-interview-with-bj-traveller/

Russell Fox 8/4/2022 Aug 04, 2022

Show notes

Our guest this week is tax expert Russell Fox on to talk about tax stuff for gamblers. He provided updates for the latest edition of Tax Help For Gamblers
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of Russel Fox from Clayton Tax Services
[00:37] Tax implications of sports betting in different states
[03:14] Splitting a large DFS jackpot
[04:17] Reporting recreational horse player income
[07:40] Shared sports betting at online sites
[08:47] FBAR
[11:13] Crypto and FBAR
[12:15] RV expenses
[14:46] Paypal reporting transactions, 1099-K
[17:08] Group slot pulls
[20:03] W-2 G from a Native American casino
[23:23] Gambling partnerships
[25:22] Cherokee North Carolina winnings
[27:08] https://SouthPointCasino.com
[28:00] https://BlackjackApprenticeship.com
[28:31] https://VideoPoker.com/gwae
[29:21] Withholding SSN on W-2 G
[31:40] Tax liability for WSOP Main Event
[34:54] Deducting gambling losses
[36:29] Filing as a professional for part of the year
[37:15] S-corp for professional gamblers
[42:12] Frequently overlooked tax deductions
[43:15] Constructive receipt
[45:00] Taxes and beard accounts
[49:56] Recommended: Blood and Treasure by Bob Drury and Tom Clavin, Something Missing by Matthew Dicks, For Good and Evil by Charles Adams
Sponsored Links:
https://SouthPointCasino.com
https://BlackjackApprenticeship.com
https://VideoPoker.com/gwae
Guest Links:
Claytontax.com
Tax Help For Gamblers - https://amzn.to/3P1sSEM
Recommended:
Blood and Treasure by Bob Drury and Tom Clavin - https://amzn.to/3zWFkkA
Something Missing by Matthew Dicks - https://amzn.to/3P1cjsv
For Good and Evil by Charles Adams - https://amzn.to/3zTV5Jc

Don Schlesinger - Throwback episode Jul 31, 2022

Show notes

This episode originally aired in April of 2012. The guest this week is blackjack expert, and author Don Schlesinger. His book is Blackjack Attack: Playing the Pro's Way which you can find here. https://amzn.to/3cRCHaA

Mail Bag 7/28/2022 Jul 28, 2022

Show notes

No guest this week as we answer questions from our mail bag.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction
[00:26] The impact of recessions on casinos
[01:07] Calculating the value of video poker progressives
[02:20] Expensive mistakes
[07:19] Hitting hard 14 versus 6
[08:44] Legal name change and SSN
[10:53] Playing under someone else's players card
[13:04] Princess cruise casino
[15:38] Group slot pulls
[18:17] Are markers still owed if a player is 86'd?
[18:55] Ultimate Texas Hold'em
[21:01] Is it possible to get a players' club card without scanning ID?
[25:08] http://SouthPointCasino.com
[25:55] http://BlackjackApprenticeship.com
[26:24] http://VideoPoker.com/gwae
[26:59] Richard's experience playing in Warsaw
[37:31] Sports handicapping advice, books, publications
[38:52] WinPoker app
[41:50] Sharing secrets
[43:11] CTRs for non-Americans
[44:08] Scalping James Grosjean's book
[46:32] Video poker ROI
[47:40] Estimating error video poker error rate
[49:40] W2Gs on Native American casinos
[50:36] Baccarat dealer errors
[52:14] AP diversity
[55:27] Recommended: Alone on Netflix, Lifespan by David Sinclair
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Books Referenced:
Sharp Sports Betting by Stanford Wong https://amzn.to/3Ja6UOu
The Logic of Sports Betting by Ed Miller and Matthew Davidow https://amzn.to/3PFQkbN
20/20 Sports Betting by Logan Fields https://amzn.to/3oxYLdc
Recommended:
"Alone" http://Netflix.com/title/81271131
Lifespan by David Sinclair https://amzn.to/3Jf83UI

Throwback episode - Laurie C. Jul 24, 2022

Show notes

This is another throwback episode, which originally aired in January of 2012. Our guest is Laurie C. long-time member of the MIT Blackjack team, and wife of Johnny C. who ran the MIT team. We talk about counting cards, the movie 21, and the advantages of being a Chinese woman in the casinos.

Norman Zadeh Jul 21, 2022

Show notes

Our guest this week is Norman Zadeh. Norman is a former mathematics professor, and longtime gambler. He wrote one of the first math based poker books back in 1974. He has been a winning gambler at backgammon, poker, and sports betting.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of Norman Zadeh
[00:39] Norman’s gambling background, poker, backgammon
[04:41] Writing a poker book
[07:15] Does Norman still play backgammon?
[08:48] Superstition, cosmic unconsciousness
[11:35] Sports betting, handicapping
[13:49] Modeling baseball
[16:46] Handicapping basketball
[20:13] Investing, trading in the stock markets
[21:35] Opportunities to make money with math
[23:58] Writing software, writing songs
[26:11] Analyzing backgammon in the 1970s, brute force, XG
[31:40] Kyle Larsen story
[33:00] Investing versus betting
[37:44] https://SouthPointCasino.com
[38:32] https://BlackjackApprenticeship.com
[39:01] https://VideoPoker.com/gwae
[39:55] Norman’s books
[42:39] Norman’s investing competition
[51:20] Recommended: The Master Mechanic by I.G. Broat, Risk of Ruin Podcast episode “The Audacity of Help” education in math or computer science
Sponsored Links:
https://SouthPointCasino.com
https://BlackjackApprenticeship.com
https://VideoPoker.com/gwae
Guest Links:
https://Financial-competitions.com
Books by Norman Zadeh - https://amzn.to/3oD52o5
Recommended:
The Master Mechanic by I.G. Broat - https://amzn.to/3PvKh98
https://Podcasts.apple.com/us/podcast/risk-of-ruin/id1527018692

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