Gambling With an Edge

Latest Episodes:

Gambling With an Edge - Mail Bag 12/27/2021 Dec 30, 2021

Show notes

No guest this week as we once again dip into the 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
[00:42] Slot machine payback percentage
[02:42] Richard's favorite carnival game
[05:14] Bob's favorite video poker game
[06:12] Changing a payline on IGT video poker
[13:25] Casino hold versus game pay table
[15:16] Best coupon book in Las Vegas
[16:55] Getting large amount of cash into the bank
[22:15] Calculating video poker edge with points, promotions, and error rate
[24:59] Memory trick to remember what video poker game is being played
[26:16] Spin poker strategy and variance
[27:52] Basic machine plays
[28:50] Taxes as a part-time card counter
[30:38] Getting unbanned to play poker
[35:50] South Point Casino January Promotions - Spin to Win, MLK Hot Seat
[37:30] http://BlackjackApprenticeship.com - card counting training site and advantage play community with software and tracking tools
[38:12] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[40:06] Transitioning from a poker player into other AP exploits
[42:45] Starting with a $10,000 bankroll
[45:25] 2:1 blackjack with a player's pool
[47:45] Using a pseudonym
[50:18] Visiting affecting ADT
[52:34] Cashing out over $10,000 in smaller increments
[54:41] Recommended: Makers and Finders, Passing on Netflix
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
GWAE Referenced:
http://Lasvegasadvisor.com/gambling-with-an-edge/podcast-guest-russell-fox-3/
Books Referenced
http://Lasvegasadvisor.com/shop/products/tax-help-for-gamblers-fourth-edition/
Recommended:
Makers and Finders restaurant - http://Makerslv.com
"Passing" - Netflix.com/title/81424320
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Gambling With an Edge - guest Max Coins Dec 23, 2021

Show notes

Our guest this week is Mac Coins. Max is on to talk about crypto, and opportunities in DeFi. After the break we talk about Max's experiences with a top streamer.
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 options trader and crypto enthusiast, Max Coins
[00:45] Disclaimer about crypto and investing
[02:22] Max’s interest in crypto, De-Fi
[09:48] Trading completions
[17:58] Discord promotion and air drops
[23:21] Finding time for crypto
[25:45] Staking and yield farming
[36:10] Buying crypto in an IRA
[39:44] Would Max consider doing crypto full-time?
[41:36] Can listeners get Max’s advice?
[43:15] South Point Casino January Promotions - Spin to Win, MLK Hot Seat
[44:54] http://BlackjackApprenticeship.com - card counting training site and advantage play community with software and tracking tools
[45:34] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[46:43] Kim Hultmam, LetsGiveItASpin streamer
[54:15] Mr. Beast
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Previous GWAE Episodes Referenced:
http://Lasvegasadvisor.com/gambling-with-an-edge/podcast-guest-max-coins/
http://Lasvegasadvisor.com/gambling-with-an-edge/podcast-kim-hultman/
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Gambling With an Edge - guest author Marton Magyar Dec 16, 2021

Show notes

Our guest this week is author Marton Magyar. Marton's new book is "The 50 Greatest Stories in Poker History." https://amzn.to/3ykSoxQ
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 Marton Magyar, author of The 50 Greatest Stories in Poker History
[00:42] Marton's ethnic background
[01:41] Marton's poker experience
[04:27] What poker sites does Marton write for?
[06:34] Chronicling the poker stories in The 50 Greatest Stories in Poker History
[10:56] Research for The 50 Greatest Stories in Poker History
[13:43] Johnny Moss and Nick The Greek
[20:07] Marton's favorite stories
[23:31] What stories just missed making the book?
[29:16] South Point Casino December promotions - City Lights Shine promotion, half-price when paying with points
[30:15] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[30:56] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[32:44] Is Marton planning another book?
[36:09] Movies with poker scenes
[38:50] Contact Marton at Twitter.com/mmagyarpoker
[39:39] Recommended: The Professor, The Banker, and The Suicide King by Michael Craig, The Vig by Les Croart, The Vig by Peter Alson
[44:55] Playing 100-play video poker for $1/spin
[46:45] Blackjack on cruise ships
[47:43] Over-saturation in slot hustling
[51:58] Variance in video poker
[54:50] Dating a casino employee
[56:34] Designing a new video poker game
[58:10] Why is KO an looked down on as an inferior count?
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
GWAE Content Referenced:
http://Lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-doug-swanson/
http://Lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-michael-craig/
http://Lasvegasadvisor.com/gambling-with-an-edge/podcast-guest-author-peter-alson/
http://Lasvegasadvisor.com/gambling-with-an-edge/colin-jones-s1-e9-knockout-kiss/
Recommended:
The Professor, The Banker, and The Suicide King by Michael Craig https://amzn.to/323TYIP
The Vig by Les Croart https://amzn.to/3GRGHC2
The Vig by Peter Alson https://amzn.to/3yxfUb4
The 50 Greatest Stories in Poker History https://amzn.to/3ykSoxQ
Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gambling With an Edge - Mail Bag 12/09/2021 Dec 09, 2021

Show notes

No guest this week as we once again dip into the 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
[00:59] Joe from Million Dollar Video Poker by Bob Dancer
[03:42] What does "guy from Peoria" mean in Gambling Wizards by Richard Munchkin
[04:17] Should a UX vulture use a player's card?
[05:52] Canceled Morongo promotion
[11:05] Mlife program changes
[13:32] Fred Rezny
[14:58] Being dealt a royal on video poker
[16:56] How do advantage players budget for living expenses?
[20:41] Dealt a 9,10,J,Q,K straight flush
[22:27] Las Vegas Advisor Top Ten Values
[24:59] Playing UX on fewer lines
[26:25] Live betting tennis matches with in-person help
[28:22] $600 IRS reporting limit proposal
[29:58] Investments after advantage play
[35:01] South Point Casino December promotions - City Lights Shine promotion, half-price when paying with points
[35:57] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[36:38] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[37:52] Jacks or Better Double Up feature
[40:39] Dating as an AP
[46:40] Playing Triple Double Bonus and Jack or Better
[49:39] Software for blackjack hole card strategy
[51:31] Doubling soft hands
[56:40] Investing in a blackjack team
[58:17] Recommended: Money: Master the Game by Tony Robbins, The Day of the Jackal by Frederick Forsyth
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Recommended:
Money: Master the Game by Tony Robbins https://amzn.to/3ECYsEl
The Day of the Jackal by Frederick Forsyth https://amzn.to/3dy8ZVj
Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gambling With an Edge - guest Steven Bridges Dec 02, 2021

Show notes

Our guest this week is magician, and card counter Steven Bridges. In 2018 Steven was a street magician in London. He decided to learn to count cards, and document his journey in a YouTube series.
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 blackjack player, Steven Bridges
[00:44] Being "unintentionally retired"
[01:51] Stephen's YouTube channel
[03:33] Colin Jones
[04:36] Content creation, filming, and related considerations
[13:07] An instant bankroll
[16:36] What was the plan before the bankroll appeared?
[17:58] Blackjack Bootcamp
[19:07] Managing the logistics of cash
[21:52] Early play, bet sizes, and swings
[24:21] Filming the early sessions and field tests
[26:39] Playing in Washington
[29:31] South Point Casino December promotions - 50% off almost everything, City Shine moonshine giveaway
[30:59] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[31:39] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[32:57] Statistics from the first month in Washington
[35:10] U.S. blackjack versus European blackjack
[40:36] Returning to the U.S.
[49:21] Bad back-offs
[52:00] How to find Steven on Youtube
[53:00] Recommended: Dead Irish by John Lescroart, Anki app
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Guest Links:
http://Youtube.com/stevenbridges
Recommended:
Dead Irish by John Lescroart https://amzn.to/3of8xkR
Build your own flashcards http://Apps.ankiweb.net
Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gambling With an Edge - guest Mike Shackleford aka The Wizard of Odds Nov 25, 2021

Show notes

Our guest this week is Mike Shackleford, aka The Wizard of Odds. We talk to Mike about what he had been up to lately, as well as his book Gambling 102.
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 Michael Shackleford, the Wizard of Odds
[00:48] Gambling 102
[03:27] Wizard of Odds newsletter and James Bond movies
[09:25] Punto Banco
[14:11] James Bond/s other gambling games
[19:56] Sal Piacente and cheating scenes in other movies
[20:32] Which James Bond was the best gambler?
[23:30] The Card Counter
[24:21] South Point Casino November promotions - earn up to ten half-priced Walmart gift cards, $32k Thanksgiving Day hot seat promotion
[26:02] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[26:35] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[27:45] Double Up promotion
[31:45] How often does Michael gamble these days?
[32:21] Michael's relationship with WizardofOdds.com and WizardofVegas.com
[34:44] Magic trick and magicians
[45:03] Michael's other interests
[46:02] Recommended: Wonderground by Jeff McBride, Harlem Shuffle by Colson Whitehead, Mind Games at The Strat
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Guest Links:
http://WizardofOdds.com
http://WizardofVegas.com
http://Twitter.com/wizard0fodds
Books Referenced:
Scarne's Complete Guide to Gambling by John Scarne https://amzn.to/3FKPHrP
Other Things Referenced:
http://Youtube.com/watch?v=ki4Fbctwnjs
http://Mirage.mgmresorts.com/en/entertainment/shin-lim.html
http://Mackingshow.com
Recommended:
http://Vegaswonderground.com
http://Thestrat.com/entertainment/featured/banachek-the-mind-s
Harlem Shuffle by Colson Whitehead https://amzn.to/30Ubfnk
Mind Games at the Strat
Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gambling With an Edge - Mail Bag11/18/2021 Nov 18, 2021

Show notes

No guest this week as we once again dip into the 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
[01:05] Maximizing a 99.8% Jacks or Better game
[03;39] Winning too many casino drawings
[08:09] Assuming there is an edge at a double deck game without counting
[09:26] 86'd from The Cosmopolitan
[11:11] Rating carnival games
[13:07] Monitoring game play and edge and video poker
[15:37] Sportsbook sign-up bonus strategy
[25:10] Inside the Edge star on GWAE
[26:35] South Point Casino November promotions - earn up to ten half-priced Walmart gift cards, $32k Thanksgiving Day hot seat promotion
[27;27] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[28:06] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[29:46] Casino surveillance systems
[30:46] Best two video poker games to learn in this environment
[33:04] Edges in carnival games
[35:53] Is there any advantage to playing a higher denomination pay table at video poker?
[40:04] James Grosjean's blog at GWAE
[41:10] Hot streaks at video poker
[43:42] Continuing to play at video poker after being over-royaled
[48:51] Video Poker Hall of Fame
[52;51] Recommended: Three Song Thursday by Darryl Purpose, The Cellist by Daniel Silva
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Links Referenced:
http://Lasvegasadvisor.com/gambling-with-an-edge/how-do-you-do-this
http://Blackjackforumonline.com/content/beyondcouponsbjfo.pdf
http://Lasvegasadvisor.com/shop/product-category/games/strategy-cards/
http://Lasvegasadvisor.com/gambling-with-an-edge/author/james-grosjean/
Recommended:
http://Darrylpurpose.com/three-song-thursday
The Cellist by Daniel Silva https://amzn.to/3qK7pHQ
Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gambling With an Edge - Bookmaker, Chris Andrews Nov 11, 2021

Show notes

Our guest this week is Chris Andrews, author of "Then One Day: Forty Years of Bookmaking in Nevada". https://amzn.to/3F3daEj
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 Chris Andrews, bookmaker and author of Then One Day: Forty Years of Bookmaking in Nevada
[00:42] Gill Alexander and the origin of Chris' new book
[04:09] Chris' background in bookmaking
[06:55] Working at the Stardust sportsbook
[11:59] Working at the Barbary Coast sportsbook and misplacing $250,000
[16:36] Working at the Cal Neva sportsbook in Reno
[22:07] Who sets the lines?
[25:15] Max at Cal Neva
[32:02] Roxy Roxborough
[37:08] Chris' brief job at the Golden Nugget
[40:08] South Point Sportsbook
[41:19] South Point Casino November promotions - earn up to ten half-priced Walmart gift cards, $32k Thanksgiving Day hot seat promotion
[42:21] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[52:52] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[44:38] The best sportsbooks in Las Vegas
[48:53] William Hill and the model of limiting players
[50:59] Then One Year, the sequel to then one day.
[57:50] Have Chris' sons followed him into the bookmaking business?
[59:22] Recommended: Dexter on Showtime, A Gambling Man by David Baldacci, The Sopranos, and The Sopranos Sessions
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Guest Links:
http://Twitter.com/andrewssports
Books Referenced:
Then One Day: Forty Years of Bookmaking in Nevada by Chris Andrews https://amzn.to/3F3daEj
Recommended:
http://Sho.com/dexter
A Gambling Man by David Baldacci https://amzn.to/3C8yrKN
http://Hbo.com/the-sopranos
The Sopranos Sessions by Alan Sepinwall, David Chase, and Matt Zoller Seitz https://amzn.to/2YzZrVX
Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gambling With an Edge - guest Anthony Curtis Nov 04, 2021

Show notes

Our guest this week is Anthony Curtis of The Las Vegas Advisor. We talk to AC about the latest with Mattress Mac, new books, and much more.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or on Facebook at https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of Anthony Curtis from the Las Vegas Advisor and Huntington Press
[00:37] World Series and Mattress Mack
[09:47] What has Huntington Press published recently?
[23:25] WSOP, Phil Hellmuth, and Covid implications
[30:15] South Point Casino November promotions - earn up to ten half-priced Walmart gift cards, $32k Thanksgiving Day hot seat promotion
[31:45] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[32:17] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[34:10] Charles Mathewson obituary
[34:56] Youtube slot players
[39:02] Sports betting in Florida and other states
[42:57] New Orleans Covid protocols
[44:19] Resorts World self-parking and observations
[46:42] Las Vegas casinos mask policies
[48:21] Draftkings National Sports Betting Championship
[53:13] Bonfire of the Vanities by Thomas Wolfe, The Devil's Candy by Julie Salamon, The President's Daughter by Bill Clinton and James Patterson, iLuminate at the Strat
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Guest Links:
http://Lasvegasadvisor.com
http://Huntingtonpress.com/books
http://Youtube.com/c/LasVegasAdvisorSHOW
Books Referenced:
http://Huntingtonpress.com/love-in-the-dunes-las-vegas-writers-on-passion-and-heartache
http://Huntingtonpress.com/the-50-greatest-stories-in-poker-history
http://Huntingtonpress.com/sharp-sports-betting
http://Huntingtonpress.com/then-one-day
Recommended:
Bonfire of the Vanities by Thomas Wolfe https://amzn.to/3bDzKXD
The Devil's Candy by Julie Salamon https://amzn.to/3o1D2K5
The President's Daughter by Bill Clinton and James Patterson https://amzn.to/3q3wyNi
http://Thestrat.com/entertainment/featured/iluminate
Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gambling With an Edge - guest Russell Fox Oct 28, 2021

Show notes

Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes.
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 Russell Fox, tax expert from Clayton Tax
[01:02] What's going to be in the next tax law?
[02:09] Has the pandemic affected Russell's professional life?
[03:02] Do Canadian poker players owe income tax?
[05:14] Can YouTubers deduct gambling losses in excess of winnings?
[06:30] Have the tax implications on DFS changed?
[12:27] Taxation of credit card rewards redemption
[12:51] Process of reporting winning for a recreational advantage player
[18:06] How is travel time handled if IRS questions full-time gambler status?
[18:52] Lost or misplaced W2Gs
[20:58] Is it better to file as a professional gambler if you're a slot AP with many W2Gs?
[22:29] What are the acceptable ways for an amateur to define a sports betting session?
[24:31] Tax on futures bet, rule of constructive receipt
[25:11] Should a bettor clear balances from all sports betting apps every year
[25:34] Tax treatment of free bets
[30:52] South Point Casino October Promotions - $500k+ Monster Money casino-wide progressives, Prime Time Mondays for people 55 and older
[32:19] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[32:52] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[33:56] Is a casino win/loss statement from a casino sufficient for tax purposes?
[35:51] Beard accounts in sports betting
[39:53] Splitting a sports bet
[41:16] At what point does it make sense to file as a professional gambler?
[43:26] Audit risk for professional gamblers
[46:05] Tax professionals who specialize in gambling
[48:01] TurboTax
[48:35] Costs to file as a professional gambler
[51:44] Changes to cryptocurrency laws
[54:41] How to contact Russell Fox
[55:25] Recommended: Maid on Netflix, A Most Clever Girl by Stephanie Marie Thorton, Circus Circus steakhouse
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
Guest Links:
http://Claytontax.com
http://Twitter.com/russcfox
Recommended:
Maid on Netflix http://Netflix.com/title/81166770
A Most Clever Girl by Stephanie Marie Thorton https://amzn.to/3CmJgtQ
http://Circuscircus.com/restaurants-1/the-steak-house/
Learn more about your ad choices. Visit podcastchoices.com/adchoices

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