Gambling With an Edge

Latest Episodes:

Gambling With an Edge - guest William Ziemba Aug 12, 2021

Show notes

Our guest this week is mathematician, William Ziemba. Professor Ziemba has written many books on sports betting, race betting, and the stock market.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of gambling author William Ziemba
[00:20] How did Bill get into sports betting?
[02:10] Ed Thorp
[07:38] Bill Benter
[12:14] Risk arbitrage examples
[23:54] Betting NFL and market efficiency
[27:04] South Point Casino August Promotions - South Point 400 race merchandise and $100 free play, email promo for locals
[28:33] BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools
[29:10] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[30:21] Betfair's inefficiencies
[35:08] Lotteries
[45:22] Stock market recommendations
[53:40] William's books are on sale
[57:46] Recommended - Planet Money podcast, Richard's storytelling on Facebook
Sponsored Links:
SouthPointCasino.com
BlackjackApprenticeship.com
VideoPoker.com/gwae
William Ziemba's Links:
Williamtziemba.com
Amazon author's page https://amzn.to/3s9tgal
Ziembainvestments.com/about-dr-ziemba.html
Worldscientific.com
Recommended:
Npr.org/sections/money
Facebook.com/lvstoryslam
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Gambling With an Edge - guest Arnold Snyder part 2 Aug 05, 2021

Show notes

Our guest this week is Arnold Snyder. This is part 2 of our talk about his new book Radical Blackjack.
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.
podcast
Click to listen - Alt click to download
Show Notes
[00:00] Introduction of Arnold Snyder, blackjack player, theorist, and author
[00:23] Explaining unusual blackjack plays to casino employees
[08:19] A very strange comp offer
[12:56] Keith and Marty Taft
[21:03] More interviews, links, and articles about Keith via Kindle version of Radical Blackjack
[22:26] John Ascuagas' Nugget
[32:51] South Point Casino August Promotions - Free Logo gifts and $100 in free play, email promo for locals
[34:09] BlackjackApprenticeship.com - card counting training site and community with lots of training tools, software, and a members' only forum
[34:42] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[35:52] Arnold gets a call from surveillance about marked cards
[44:12] REKO count
[46:46] Being an expert witness
[57:57] Recommended - buying and tasting whiskey in Las Vegas, The Order by Daniel Silva, Oyster Bar at the Nugget in Reno, Big Sur Oyster Bar at South Point
Sponsored Links:
SouthPointCasino.com
BlackjackApprenticeship.com
VideoPoker.com/gwae
Arnold Snyder's Links:
Write-aholic.com/about-arnold-snyder
Blackjack Forum articles http://www.blackjackforumonline.com/
Books Referenced:
Radical Blackjack by Arnold Snyder https://amzn.to/3Cm9woE
Read the Dealer by Steve Forte (out of print)
Recommended:
Nevadadistilling.com
Totalwine.com/store-info/nevada-south-strip/1205
Leesliquorlv.com
Doublehelixwine.com
Emerilsrestaurants.com/delmonico-steakhouse
Whiskyattic.com
The Order by Daniel Silva https://amzn.to/3jsknEF
Nuggetcasinoresort.com/dining/restaurants/oyster-bar
Southpointcasino.com/dining/big-sur-oyster-bar
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Gambling With an Edge - guest attorney Stan Pietruska Jul 30, 2021

Show notes

Our guest this week is Stan Pietruska. Stan is an attorney in New Jersey. We talk about the legalization of sports betting, online poker, and the Phil Ivey case.
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.
podcast
Click to listen - Alt click to download
Show Notes
[00:00] Introduction of gambling attorney Stan Pietruska
[00:37] Dan’s background in gambling
[02:28] PAPSA
[04:33] Off-shore sites in the late 1990s
[07:21] UIGEA
[11:39] Why did some poker sites still allow U.S. players?
[13:30] Chris Christie
[19:50] Phil Ivey case
[27:35] Fanduel’s NFL pricing error
[31:01] Does Dan take gamblers’ civil rights cases in New Jersey?
[33:58] South Point August Casino Promotions - free gift promotions, email free play promotion for locals
[35:35] BlackjackApprenticeship.com - card counting training site and community with a member's forum, casino database and software tools
[36:08] VideoPoker.com/gwae - Free Pro Membership trial for GWAE listeners
[36:36] Live betting at William Hill and others
[38:56] Barring sports bettors in New Jersey
[40:37] Super Bowl streaker wager
[43:48] Caesars’ surveillance case
[46:43] Current state of online poker
[52:58] Recommended - Downton Abbey, Gosford Park, The Other Woman by Daniel Silva, Tales from the Pit by David Schwartz
Sponsored Links:
SouthPointCasino.com
BlackjackApprenticeship.com
VideoPoker.com/gwae
Tales from the Pit episode:
https://www.lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-week-3/
Recommended:
Downton Abbey Netflix.com/title/70213223
Gosford Park Amazon.com/Gosford-Park-Maggie-Smith/dp/B000I543SM
Tales From the Pit https://amzn.to/3j1mFKX
The Other Woman https://amzn.to/3f5KDTU
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Gambling With an Edge - former surveillance operator - Junior part 2 Jul 22, 2021

Show notes

Our guest this week is a former surveillance operator named Junior. For the last 15 years Junior has worked in surveillance rooms on the Las Vegas strip. This is part 2 of our interview.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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Junior, recently retired surveillance expert [00:19] How often does a casino track a patron to get their license plate? [02:51] Does a large color up without cashing out cause heat? [04:05] Will surveillance ever check the trash to identify patrons? [07:42] Other techniques used to identify persons of interest [10:45] ID scanners [11:17] Causes of heat [14:03] Cheating at craps, other inside jobs [19:15] A fun baccarat play [21:54] Loss rebates [23:22] Any chance that Junior returns to surveillance work? [25:50] Tracking jewelry or clothing? [26:48] Cheating at poker [29:31] How to get in touch with Junior [29:55] Can software effectively analyze play on blackjack variants? [31:00] South Point Casino July Promotions - "Free Play with a Kicker" [31:35] BlackjackApprenticeship.com - card counting training site and community with a member's forum, casino database and software tools [32:07] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners [33:15] Biometrica [35:43] MGM sweat shops [37:33] Do casinos care about losing card counters? [41:06] Splitting tens [42:36] Flagging players with a players card [43:40] Chip shuffling [44:42] What do APs do to draw heat that could have been easily avoided? [49:21] Recommended - The Winner by David Baldacci, Bosch on Amazon Prime Sponsored Links: SouthPointCasino.com BlackjackApprenticeship.com VideoPoker.com/gwae Recommended:The Winner by David Baldacci https://amzn.to/3BoGowB Amazon.com/Bosch-Season-1/dp/B089XWNZ4W
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Gambling With an Edge - guest Arnold Snyder Jul 15, 2021

Show notes

Our guest this week is Arnold Snyder on to talk about his new book Radical Blackjack.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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Arnold Snyder, blackjack expert and author of Radical Blackjack [00:26] Arnold's career in playing blackjack, blackjack forums, and publishing [05:11] Pricing The Blackjack Formula [12:21] Arnold's other books, Blackjack for Profit, Blackbelt in Blackjack [14:12] Developing the unbalanced count, the Red 7 [18:56] Why did it take so long to publish Radical Blackjack? Loss rebate discussion [32:11] Doubling on a hard twelve [41:55] South Point Casino July Promotions - Free Play with a Kicker [42:33] BlackjackApprenticeship.com - card counting training tools, members forum, casino database, and betting software [43:06] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners [44:34] Is shuffle tracking dead? [47:42] Betting six hands of $6k for an entire 6-deck shoe [56:03] Recommended: Super Summer Theatre, Daylight by David Baldacci, Cottonwood Station Eatery Sponsored Links: SouthPointCasino.com BlackjackApprenticeship.com VideoPoker.com/gwae Arnold Snyder's Huntington Press Site: Huntingtonpress.com/arnold-snyder/ Recommended: Supersummertheatre.org Daylight by David Baldacci https://amzn.to/3i9GZsZ Cottonwoodstationeatery.com
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Gambling With an Edge - guest Bill Robertie (backgammon) Jul 08, 2021

Show notes

Our guest this week is two time backgammon world champion and author, Bill Robertie. We discuss his new book, How to Play the Opening in Backgammon -- Part 2: Everything Matters.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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Bill Robertie, backgammon champion author of How to Play the Opening in Backgammon/Part 2: Everything Matters [00:28] Remembering Stan Tomchin [02:48] How is Bill's new book different from the other books in the series? [05:09] Bill's target audience for this book series [07:42] Counterintuitive plays [08:34] Does writing about backgammon improve Bill's game? [10:04] Making your own 3pt versus 22pt [19:42] 6-1 is weaker than 3-1 and 4-2 [22:51] eXtreme Gammon [30:25] XG making plays that conflicts how humans play [34:02] South Point Casino July Promotions - Free Play with a Kicker [34:30] BlackjackApprenticeship.com - card counting community, training suite, and forum [35:05] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners [36:23] Making an early ace point [39:58] Considering opponent's style [46:45] What will be covered in Part 3 [49:16] TheGammonPress.com [51:45] Recommended: Hobak Korean BBQ, Mr. Kim's Korean BBQ, Colin Jone's new video on Youtube, Unsettled by Steven E. Koonin, James Grosjean's blog at GamblingWithAnEdge.com Sponsored Links: SouthPointCasino.com VideoPoker.com/gwae BlackjackApprenticeship.com Recommended: Hobakkoreanbbq.com Mrkimbbq.com Youtube.com/watch?v=XM7fPwjJKuk&ab_channel=BlackjackApprenticeship Unsettled by Steven E. Koonin https://amzn.to/3hk5vZk Lasvegasadvisor.com/gambling-with-an-edge/author/james-grosjean
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Gambling With an Edge - former surveillance operator - Junior Jul 01, 2021

Show notes

Our guest this week is a former surveillance operator named Junior. For the last 15 years Junior has worked in surveillance rooms on the Las Vegas strip. We will be having Junior on again soon so if yu have more questions for him send them to us at gamblingwithanedge@gmail.com.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of former surveillance employee, Junior [00:17] Junior's gambling experience outside of surveillance [00:57] Getting into surveillance [03:23] How much attention do casinos pay to slot and video poker players? [04:59] Hustlers [06:35] Multi-carding [07:47] Facial recognition [13:26] What information is shared across company properties and with competitors [14:31] Ted Whiting [15:49] Techniques used to identify card counters [18:09] Methods used to identify other forms of advantage play [23:21] Surveillance room culture [25:57] How much time is spent monitoring casino employees? [29:05] Cheating and theft by employees [34:22] South Point Casino July Promotions - Free Play with a Kicker starts July 5th [35:08] BlackjackApprenticeship.com - card counting training site with software, tools, and members-only forum [35:41] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners [36:41] False positives [39:50] Playing uncarded [41:29] Is wearing a hat a red flag? [41:55] Hole carding [43:19] Phil Ivey and Kelly Sun [46:36] Famous players [51:57] Did Junior ever contact a player who was generating heat? [53:02] Age, race, and gender stereotypes [57:30] Recommended: No Stupid Questions podcast, The President is Missing by Bill Clinton and James Patterson Sponsored Links: SouthPointCasino.com VideoPoker.com/gwae BlackjackApprenticeship.com Recommended: Freakonomics.com/nsq The President is Missing by Bill Clinton and James Patterson https://amzn.to/3dyzqdM
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Gambling With an Edge - guest Anthony Curtis Jun 24, 2021

Show notes

Our guest this week is Anthony Curtis of The Las Vegas Advisor. We talk to AC about what is currently going on in Vegas including the opening of Resorts World, Weed Lounges, and more.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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Anthony Curtis, publisher of the Huntington Press and The Las Vegas Advisor [00:20] Resorts World [01:41] Crockfords affiliation [02:32] Food court [04:11] Video poker [06:03] Casino management [06:43] Vegas pandemic recovery [11:11] Virgin Spanish 21 and crapless craps [11:48] Radical Blackjack by Arnold Snyder [15:28] Stanford Wong [16:19] Peter Griffin [20:21] South Point Casino June Promotions - $500k Spin to Win [20:54] BlackjackApprenticeship.com - card counting training site, tools, and community [21:27] VideoPoker.com/gwae Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners [22:40] Weed lounges [25:55] Federal marijuana laws [27:43] Las Vegas Advisor Youtube channel [34:58] WSOP [36:19] The Pass in Henderson [43:56] Casinos tightening up [47:37] Slot tickets, change issues [50:31] Recommended - Risk of Ruin podcast on Dr. Ziemba, The Hellfire Club by Jake Tapper, Water Street in Henderson Sponsored Links: SouthPointCasino.com BlackjackApprenticeship.com VideoPoker.com/gwae Guest Links: Huntingtonpress.comLasVegasAdvisor.com Youtube.com/c/LasVegasAdvisorSHOW Recommended: Podcasts.apple.com/us/podcast/risk-of-ruin/id1527018692The Hellfire Club by Jake Tapper - https://amzn.to/3gXfFh7 Waterstreetdistrict.com
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Gambling With an Edge - Mail Bag 6/14/2021 Jun 17, 2021

Show notes

No guest this week. Bob and I 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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction [00:32] Double deck Hi-Lo true count [02:20] Peter Liston’s slot course [05:22] Vegas video poker bars [08:28] Are Native American casinos using full decks? [13:07] Are casino conditions getting worse? [15:22] NSUD penalty cards [16:40] Does a room comp affect free play? [19:15] Would using a chip bank generate a CTR? [21:51] Casinos asking for ID when playing as a refusal [23:03] Providing name while playing as a refusal [25:13] Why did the into to GWAE change? [27:11] South Point Casino June Promotions - $500 Spin to Win [27:45] BlackjackApprenticeship.com - card counting training site and community [28:22] VideoPoker.com/gwae - Gold Membership offers correction on most games, Free Pro Membership trial for GWAE listeners [29:51] W2G withholding [31:48] Splitting after a dealer error [33:00] Tucking 22 during a negative count [36:00] Mask wearing after restrictions ease [37:14] Dealer theft concerns [39:35] Added stress from cashing around large amounts of cash and chips [41:36] Recommended: James Clavell books, Mark Twain by Ken Burns Sponsored Links: SouthPointCasino.com BlackjackApprenticeship.com VideoPoker.com/gwae Recommended: James Clavell books, like Shogun and Tai Pan - https://amzn.to/2SyXoP8 pbs.org/kenburns/mark-twain/
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Gambling With an Edge - guest Socrates Jun 10, 2021

Show notes

Our guest this week is an AP who goes by the name Socrates. 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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of Socrates, AP and golfer [00:30] Will there be a slot round table on GWAE? [02:32] Making money golfing [03:56] Building a bankroll [07:02] How did people attempt to hustle Socrates? [08:38] Betting serious money at golf [09:25] Cheating [11:27] Winning at golf versus winning at a casino [14:52] How does Socrates’ wife feel about his advantage plays? [15:38] Getting started in advantage play [16:18] Learning to play blackjack [19:09] Losing streak [20:10] Getting backed off locally [23:01] Learning to hold card [25:59] Meeting another counter [26:46] South Point Casino June Promotions - $500 Spin to Win, share your email for free play on weekends [27:59] BlackjackApprenticeship.com - card counting community and training site [28:34] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners [29:39] Team play [30:41] More on Socrates’ progression [32:27] Finding hole card games [33:48] Team play with his wife [34:34] Playing with a full-time job [36:52] Bad back-offs [40:46] Lessons learned [45:08] Getting backed off at the men’s club [49:48] Traveling with money [51:25] Recommended - Global Entry, Bomber Mafia by Malcolm Gladwell, The Almanack of Naval Ravikant by Eric Jorgenson Sponsored Links: SouthPointCasino.com BlackjackApprenticeship.com VideoPoker.com/gwae Books Referenced: Blackbelt in Blackjack by Arnold Snyder https://amzn.to/3wc1Od4 Recommended: cbp.gov/travel/trusted-traveler-programs/global-entry Bomber Mafia by Malcolm Gladwell https://amzn.to/3ivRKrC The Almanack of Naval Ravikant by Eric Jorgenson https://amzn.to/3ivRMzK
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