Gambling With an Edge

Latest Episodes:

Gambling With an Edge - guest blackjack player Vecnan Jan 15, 2021

Show notes

Our guest this week is a blackjack player, and team leader called Vecnan. Vecnan first came to my attention when I heard he had recruited blackjack teammates off Craig's List. I thought he sounded completely insane, and had to get him on the show. 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 card counter, Vecnan[00:33] Vecnan's early advantage play experience [02:51] Self-taught advantage play [03:35] Writing articles about blackjack [04:47] Becoming a full-time professional, difficult aspects of that job [08:25] Dating while playing full-time [09:46] 200-hour losing streaks, risk of ruin [11:34] Back-offs and cover plays [19:18] Forming a team, advertising, training [27:30] More training program discussion [29:18] Playing as a refusal [31:12] Changing spread or top bet by market [32:44] Bankroll split [35:23] South Point Casino January Promotions - $400,000 Spin to Win [36:49] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners[37:50] VideoPoker.com/gwae - Gold Membership offers correction on most games[38:48] Shutting down a craps promotion [41:47] Anticipating a back-off [45:52] Buying candy bars [48:39] Vecnan's first AP play at a high school casino night [50:25] Will Vecnan's team expand into other forms of advantage play? [52:44] Recommended - "A Creature of Habit" episode of The Hidden Brain, "Two Hustlers" episode of Risk of Ruin, RxGamble.com Sponsored Links: SouthPointCasino.com VideoPoker.com/gwae Predictit.org/promo/edge Recommended: Hiddenbrain.org/podcast/creatures-of-habit Podcasts.apple.com/us/podcast/two-hustlers/id1527018692?i=1000504515764 RxGamble.com
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Gambling With an Edge - guest Mark Billings Jan 08, 2021

Show notes

Our guest this week is Mark Billing on to talk about his new book "Follow the Bouncing Ball." This is a book about how Mark and his teammates used hidden computers to beat the game of roulette. 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 Mark Billings, author of Follow the Bouncing Ball, Silicone versus Roulette [00:36] The Eudaemonic Pie by Thomas Bass and difficulties of predicting roulette [08:11] Mark's experience playing roulette [10:49] Legality of computers, software bugs [13:18] Characteristics of beatable wheels [20:28] Laurance Scott, computer software and hardware [29:09] Beating only a few wheels, changing the approach of the program,and interpolation [36:56] South Point Casino January Promotions - $400k Spin to Win [37:45] VideoPoker.com/gwae - Gold Membership offers correction on most games[38:41] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners[39:31] Training gamblers and playing in Great Britain [44:47] Problems with using non-professionals [46:04] A player in Canada wants to piggyback bets, pain thresholds [51:49] Some examples of Mark's humor in Follow the Bouncing Ball, Silicone versus Roulette [53:30] Recommended - James Grosjean's column at LVA, Alpha Go on Youtube, Amlee Gourmet Chinese Cuisine Sponsored Links: SouthPointCasino.com VideoPoker.com/gwae Predictit.org/promo/edge Books Referenced: Follow the Bouncing Ball https://amzn.to/3b8iBpS The Ultimate Edge by Mark Billings https://amzn.to/2L8P44O The Eudaemonic Pie by Thomas Bass https://amzn.to/3rWMsaV Recommended: Lasvegasadvisor.com/gambling-with-an-edge/2020-rise-of-the-machines Youtube.com/watch?v=WXuK6gekU1Y&ab_channel=DeepMind Amleechinesecuisine.com
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Gambling With an Edge - RX Gamble Jan 01, 2021

Show notes

Our guest today is longtime advantage player RxGamble. Rx is on to talk about longevity, and beginner mistakes. 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 advantage player, RxGamble [00:41] RxGamble's 2019 Hole Card Workshop, and upcoming Zoom call [06:16] The importance of longevity [09:13] Name changes and disguises [12:02] Playing unrated, loss plays [18:45] Stories about giving up EV to avoid showing ID [24:30] Leveraging female beauty as an AP [29:25] Slots longevity [32:03] BPs making rookie mistakes [33:40] South Point Casino January Promotions - $400k Spin to Win [34:46] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAW listeners [36:01] BlackjackApprenticeship.com - card counting training site and community [36:15] VideoPoker.com/gwae - Gold Membership offers correction on most games [37:27] Rookie mistakes and reconciling player errors [47:54] Rookie mistakes with security [53:13] Showing ID to police officers [54:29] Sharing players card face up, sharing name [1:01:51] Recommended - Planet Money "Fork the Government," Rock Breaks Scissors by William Poundstone, The Woman Who Smashed Codes by Jason Fagone Sponsored Links: SouthPointCasino.com Predictit.org/promo/edge BlackjackApprenticeship.com VideoPoker.com/gwae RX's Links: RxGamble.com Twitter.com/rxgamble Recommended: Npr.org/2020/12/23/949764249/fork-the-government Rock Breaks Scissors by William Poundstone https://amzn.to/3pDkdMo The Woman Who Smashed Codes by Jason Fagone https://amzn.to/38N84xp
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Gambling With an Edge - guest Michael Shackleford aka Wizard of Odds Dec 25, 2020

Show notes

Our guest this week is Mike Shackleford aka The Wizard of Odds. 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 Michael Shackleford, The Wizard of Odds [00:35] Why do the number of decks in blackjack affect the house edge? [08:32] Does 3/2 or 6/5 blackjack affect the impact of the number of decks? [10:24] Reversible Royals at the Red Rock [15:57] Morongo Casino Promotion, publicizing promotions [20:54] Advantage slots [23:16] Super Bowl prop bets, rule change affecting data, buying databases [30:00] Political betting [35:00] South Point Casino December Promotions - Pay Less with Your Points, Christmas Day Hot Seat [36:05] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners[36:34] VideoPoker.com/gwae - Gold Membership offers correction on most games[27:40] Jeopardy [41:20] Recommended - The Spy, Phil Galfond on Gamblers podcast, The Queen's Gambit Sponsored Links: SouthPointCasino.com Predictit.org/promo/edge VideoPoker.com/gwae Michael's Links: WizardofOdds.com Twitter.com/wizard0fodds Links Referenced: Wizardofodds.com/games/blackjack/why-number-of-decks-matter/ Books Referenced: 20/20 Sports Betting by Logan Fields https://amzn.to/3mOvCqG Sharp Sports Betting by Stanford Wong https://amzn.to/38vfw05 The Queen's Gambit by Walter Nevis https://amzn.to/3rm0sum Recommended: Netflix.com/title/80178151 Theringer.com/2020/12/9/22164679/gamblers-podcast-phil-galfond-poker-pot-limit-omaha Netflix.com/title/80234304
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Gambling With an Edge - guest Consultant AP Dec 18, 2020

Show notes

Our guest this week is a former surveillance director, Consultant AP. He left surveillance to become an AP. 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 and current AP, Consultant AP [00:47] Consultant AP's background in surveillance [02:11] Learning about advantage play [05:32] What surveillance skills are helpful in advantage play? [07:35] Consultant AP begins to dabble in advantage play [09:26] Sports betting [16:15[ Barrings and back-offs in Las Vegas [20:10] Coming up with the name Consultant AP [21:17] Meeting RxGamble and spotting APs from surveillance [27:31] South Point December Promotions - Pay Less with Your Points, Christmas Day Hot Seat [28:55] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners [30:15] VideoPoker.com/gwae - Gold Membership offers correction on most games [31:12] Meeting RxGamble [35:55] A consulting job example [40:00] Teaching with RxGamble [43:20] Is Consultant AP still tied into the surveillance community? [45:15] Which Las Vegas casinos are flyer happy? [47:33] Do surveillance employees have time to look for advantage players? [49:27] Listeners can reach Consultant AP via Twitter DM @ConsultantAP [50:29] Blackjack Discord [51:48] @TedWhitingsMom [54:46] Recommended - Thai Kitchen, Boulevard Bar and Grille Sponsored Links: SouthPointCasino.com Predictit.org/promo/edge VideoPoker.com/gwae Recommended: 9thaikitchenlv.com Boulevardbarandgrille.com
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Gambling With an Edge - guest Michael Sall Dec 11, 2020

Show notes

Our guest this week is arguably the world's best gin rummy player, Michael Sall. He is the author of "Gin Rummy: A Predator's Guide." 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 Michael Sall, arguably the best gin rummy player in the world [00:32] Micheal's appearance of David Hill's podcast "Gamblers" [02:05] Does winning tournaments help players to find good games? [03:41] Michael's early experiences playing gin [06:44] Gin Rummy: A Predator's Guide by Michael Sall [09:52] Playing in New York City [15:01] Stu Ungar [20:45] How is gambling at gin different than other forms about gambling? [22:55] South Point Casino December Promotions - [24:09] PPredictit.org/promo/edge - places small bets on various political events, $20 deposit match for GWAE listeners[25:04] BlackjackApprenticeship.com - a card counting community and trading site [25:47] VideoPoker.com/gwae - Gold Membership offers correction on most games, Free Pro Membership trial for GWAE listeners[26:31] Getting access to high stakes games [28:58] Brian Zembic [31:14] Hustling at gin versus other forms of hustling [32:47] Cheating in gin [39:32] Molly's game and federal charges [47:44] Carrying large amounts of money [49:09] How can listeners contact Michael? [50:14] Recommended - The Crown on Netflix, "The Pool Hustler" episode of David Hill's Gamblers podcast Sponsored Links: SouthPointCasino.com Predictit.org/promo/edge BlackjackApprenticeship.com VideoPoker.com/gwae Podcasts Mentioned: Theringer.com/2020/11/25/21717573/gamblers-podcast-episode-3-michael-sall-gin-rummy Books Referenced: Gamblersbookclub.com/gin-rummy-a-predators-guide-876.html Recommended: Netflix.com/title/80025678 Theringer.com/2020/11/18/21572652/gamblers-podcast-scott-frost-the-freezer-go-off-kid
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Gambling With an Edge - guest author David Schwartz Dec 04, 2020

Show notes

Our guest this week is David Schwartz, on to talk about his new book, "At The Sands." 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 Dr. David G. Schwartz, author of At The Sands, gaming historian, and professor at UNLV [00:46] Why write about The Sands [01:12] Would it be easier to write another book about the same era in Las Vegas? [02:48] Mob affiliations with The Sands [03:29] Jack Entratter [06:49] Marker issuance and collection [12:05] The Sands becomes high-rise [13:25] Frank Sinatra [16:04] Origins of the Rat Pack monicker [19:11] Sinatra becomes more difficult [23:39] Confrontation between Frank Sinatra and Carl Cohen [25:33] De Facto segregation in Las Vegas [29:14] Sinatra's role in desegregation [32:36] South Point Casino December Promotions - Pay Less with your Points 12/14-12/30 [33:57] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners [34:40] BlackjackApprenticeship.com - card counting training website and community [35:14] VideoPoker.com/gwae - Gold Membership offers correction on most games [36:54] Robert Kennedy and other federal officials become interested in Las Vegas [39:00] The Green Felt Jungle by Ed Reid and Ovid Demaris [39:42] The mob lingers after a crackdown [42:52] Howard Hughes and The Sands [44:35] Sheldon Adelson and The Sands [47:37] The Sands ages and becomes less elegant [48:50] The Copa closes [50:20] The legacy of The Sands [51:24] Recommended: Gamblers podcast by David Hill at The Ringer, We are The Champions on Netflix Sponsored Links: SouthPointCasino.com Predictit.org/promo/edge BlackjackApprenticeship.com VideoPoker.com/gwae Books Referenced: At The Sands by David G. Schwartz https://amzn.to/3g0MA3k Grandissmo: The First Emperor of Las Vegas by David G. Schwartz https://amzn.to/33F7jop The Green Felt Jungle by Ed Reid and Ovid Demaris https://amzn.to/2VsnrVJ The Vapors by David Hill https://amzn.to/2KWD59T Dr. Schwartz' Previous Episodes: Lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-week-3/ Lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-david-schwartz/ Recommended: Theringer.com/2020/11/11/21559016/introducing-gamblers Netflix.com/title/81034679
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Gambling With an Edge - guest Russell Fox Nov 27, 2020

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. podcast Click to listen - Alt click to download Show Notes [00:00] Introduction of tax advisor, Russell Fox [00:41] Recent changes to tax law [03:31] Self-employment tax for professional gamblers [07:42] Deductions for gambler vloggers [09:09] Underpayment penalties for recreational gamblers [12:10] Deducting bad debts [14:16] Foreigner gamblers and U.S. tax [16:33] Declaring winning from a chip bank [21:10] Taxation of points [24:31] Common tax mistakes [30:58] Contributions and IRA contributions [31:44] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards [32:45] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners [33:29] VideoPoker.com/gwae - Gold Membership offers correction on most games [34:48] Off-setting a hand pay with losses [38:40] Listing W2Gs as a professional gambler [40:48] Self-dealing and IRAs [42:13] 529 plans [45:29] Depositing large amounts of cash [48:05] Setting up an off-shore corporation [51:03] Recommended - Sal Piacente on Youtube, Nittaya's Secret Kitchen Sponsored Links: SouthPointCasino.com Predictit.org/promo/edge VideoPoker.com/gwae Recommended: Nittayassecretkitchen.com Sal Piacente https://www.youtube.com/results?search_query=sal+piacente . Russel Fox's Previous Episodes: Lasvegasadvisor.com/gambling-with-an-edge/podcast-guest-russell-fox Lasvegasadvisor.com/gambling-with-an-edge/podcast-tax-adviser-russell-fox Many more episodes with Russell are available on GamblingWithAnEdge.com
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Gambling With an Edge - guest Logan Fields Nov 20, 2020

Show notes

We talk to Logan Fields, author of "2020 Sports Betting: Think Like a Pro," a new book from Huntington Press. Fields takes a makes lots of high-EV, low denomination, bets and it works for him His main sports are football, baseball, and golf. 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 Logan Fields, author of 20/20 Sports Betting: Think Like a Pro [00:56] Logan's sports betting history [06:26] Leaving a day job to become a full time sports bettor [07:09] The golden period of online betting [07:36] Who is the audience for 20/20 Sports Betting? [11:20] UIGEA and losing outs [12:37] NFL props and data analysis [15:40] Is watching games necessary? [18:28] Opportunities in smaller markets [20:12] How is betting baseball different from betting football? [25:09] Database information and prices [27:32] How much older data can be used? [30:15] South Point Casino November Promotions - Half-priced Walmart and Amazon gift cards, Thanksgiving Day Hot Seat [31:07] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners[31:42] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership includes Ultimate X and Quick Quads[32:46] Sharp golf bets [37:07] Betting live markets [39:09] Betting in Vegas while living in Socal [41:15] The Masters [44:10] Betting final Jeopardy [48:55] Logan's contact info [50:52] Recommended - Borgen on Netflix, Razor's Edge by William Somerset Maugham Sponsored Links: SouthPointCasino.com Predictit.org/promo/edge VideoPoker.com/gwae Books Referenced: 20/20 Sports Betting: Think Like a Pro by Logan Fields https://amzn.to/2KdvR0T Sites Referenced: KOStats.com ArmchairAnalysis.com Tour-Tips.com Previous Episodes Referenced: LasVegasAdvisor.com/gambling-with-an-edge/podcast-rufus-peabody/ Recommended: Netflix.com/title/70302482 Razor's Edge by William Somerset Maugham https://amzn.to/38ZhAPF Moon and Sixpence by William Somerset Maugham https://amzn.to/35IBjkS
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Gambling With an Edge - guest Matthew Dicks Nov 13, 2020

Show notes

Our guest this week is Matthew Dicks. Matt is the author of, "Storyworthy: Engage, Teach, Persuade, and Change Your Life through the Power of Storytelling," as well as several novels. He recently wrote an article for Pokerstars on how to tell better "bad beat" stories. 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 storyteller, Matthew Dicks[01:14] A gambling related story about arm wrestling [13:36] What makes that arm wrestling story interesting?[17:25] Matthew’s poker experience[22:39] Matt’s writing on PokerStars[24:06] Why are bad beat stories rarely entertaining?[28:30] Why is Sweeney an important character in Matthew’s bad beat story?[32:01] Time management [35:41] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards, Thanksgiving Day Hot Seat[36:50] Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners[37:37] BlackjackApprenticeship.com - card counting training site and community[38:03] VideoPoker.com/gwae - Gold Membership offers correction on most games [39:19] More on Sweeney’s hand declaration [41:21] Is there any place for fiction in a well told bad beat story?[43:25] Could storytelling help APs maintain cover?[45:31] Moth events[49:26] Matthew’s next storytelling book[53:19] Matthew’s contact info [54:06] Recommended - The Queen’s Gambit, Best Hand I Ever Played by Steve Rosenbloom Sponsored Links:SouthPointCasino.comPredictit.org/promo/edgeBlackjackApprenticeship.comVideoPoker.com/gwae Guest Links:"Storyworthy: Engage, Teach, Persuade, and Change Your Life through the Power of Storytelling," https://amzn.to/3kcM9DBMatthewDicks.comYoutube.com/c/matthewjohndicksPokerstarsblog.com/en/news/how-to-tell-a-good-bad-beat-story-by-a-master-story-teller/67209/ Recommended:Netflix.com/title/80234304The Queen’s Gambit by Walter Tevis https://amzn.to/3eUztQOBest Hand I Ever Played by Steve Rosenbloom https://amzn.to/35qkR8C.
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