My long lost Uncle left me some money

My inlaws are smart (kind of) very well meaning people. One of their best friends goes to Atlantic City and wins EVERY time. Bets big money and wins big, rooms comped, high roller etc. This has been going on for over 20 years.
Told them a couple of years ago that their friend is a liar, they told me he is just really smart and has the casinos figured out...I pressed my luck and said why doesnt he just live there and take them for 50k a day? Was told I didnt know him so I was wrong...I said please do not ever invest or give or exchange any money with this person. They both got really quiet really quick. Asked them where he lived, I would get their money back, they were too ashamed to talk the rest of the night. Just hope it was no more than a couple G's...
Wait a minute... Didn't they build those huge, gorgeous casinos because they like us?
 
I knew a gal who was a good person but delusional. She got a letter saying someone left her money in Europe somewhere and to send money or whatever.
Instead she took whatever small money she had and bought a 1-way airline ticket and flew there. "I'm here to collect my money..."
The officials understood what was going on and gave her a room and a return ticket.

These scammers are preying on the disadvantaged.
Just like the lotto. I have never bought a lottery ticket. I can do basic arithmetic.
A guy in Kentucky a number of years ago sent out letters in the mail. It was labeled "send $2" but the promise of nothing in return. Apparently quite a few people sent him $2.
 
... The last time I gambled was 50 years ago; I was with my folks in Vegas and won $100 on a 10 cent slot machine.
The one and only time I gambled was over 30 years ago. Visiting a friend in Vegas, walked into a casino with $20 and said, when it's gone, or I double it, I'm leaving. Played craps for about 20 minutes and doubled it, then left.

Wait a minute... Didn't they build those huge, gorgeous casinos because they like us?
Yes they do love us. Or at least they love our money, which is almost the same thing ;) If everyone did it the way we did, Vegas would revert back to a desert. Except now, maybe it would still survive. Over the years they've greatly diversified with family friendly shows and activities, concerts, conference venues, etc.
 
Tell them you want to meet in person, set up a date and time in Belgium and don't show up.
Someone did something like that to "the Nigerian prince". They arranged to meet in a European city (Copenhagen maybe). Only they stayed across the street and filmed the prince's arrival and him walking up and down looking annoyed, waiting for her (I think it was a her, or at least the person running the counter scam presented as a female).

The prince was some annoyed about being stood up.
 
Our one experience with big time gambling was in Reno. My wife put $1 into a slot machine and won $3. She put away the dollar and kept going until the other $2 were gone. She found the whole experience a bit tawdry and tasteless.

What's interesting is she can lose a few thousands (and more) in the stock market over the course of a week and not raise an eyebrow. She mostly wins there. For some reason she generally does better than me.
 
This reminds of a member on a M/C website I'm a member of, who trolled one of these scammers for weeks. It was beautiful. He played it off as though he was a bit slow, and was having his families Barrister, the esteemed Mr. Perry Mason, handle all arrangements...

The insults from the scammed scammer after weeks of being played, were hilarious.
There is a YouTube channel devoted to this type of thing:
https://www.youtube.com/@KitbogaShow/videos
 
That is the convention for date (day, month, year) in nearly every other country. It is 10 July 2024.
Yes, I realize that. My bad, the scammer got me. lol I hope he calls me, or mails me, I'll have a field day with him. ;)
 
Or maybe people who think that they are going to get comps. ...
Yes, if you lose slowly the cost can be worth the comps, or the entertainment value. Or if you play blackjack and know how to count cards & calculate odds in your head (one in a million people), you can beat the house. At least once anyway, they won't let you come back.
 
if you play blackjack and know how to count cards
Casinos thwart that by having many decks of cards in play and reshuffling frequently. The first cards from a shuffled set are random, there is no advantage to counting.
 
Casinos thwart that by having many decks of cards in play and reshuffling frequently. The first cards from a shuffled set are random, there is no advantage to counting.
We are going down a bit of a rabbit hole, here, but I’ll bite.

Back in college, I read a book “beat the dealer“ by Edward O. Thorpe. There are various approaches, but the underlying principle is this, as the deck becomes either rich ( more than average ) in 10s (cards including tens and face cards) or poor in tens, you adjust your betting. The dealer plays by a fixed set of rules, on when they can hit, and when they have to stand.

By adjusting your betting to the slight variations in odds that happen when the cards are dealt, you can get from a 48% chance of winning (no counting) to upwards of 52%.

As you said, the casino “Burns“ the first card. That means it can’t be counted, and further, they stick a yellow card in the back of the “shoe” so that they stop dealing right as the deck is more likely to become either rich or poor in 10s.

Now, statistics being what they are, and “streaks“ being what they are, you need to have a stake of about 100 bets - the value of your table minimum or regular bet. So given the level of what you’re playing, minimum $1000, perhaps several times that, so that a prolonged bit of bad luck, does not take you to zero cash.

Having read the book, and having memorized the betting tables, then having spent several nights in practice, a couple of buddies and I drove to Atlantic City. Back then, the table minimum was five dollars, and I was able to scrape up about $250. Not enough of a stake to truly survive a bad streak, but enough to play for a while.

It is very hard to devote the level of attention necessary to count every single card. It is even more challenging, if you’re trying to hide the fact that you’re counting, by conversing with the dealer, your fellow players, and occasionally chatting to the waitress who comes by and takes her eye off the table. I do not recommend drinking while doing this, though you can get a non-alcoholic drink, of course.

It is also worthwhile, to keep moving your pile of chips between your pockets and the table. Bring out some cash and buy more chips now and then.You should tip the dealer, too, by the way. You don’t want them noticing an ever growing pile of chips. You don’t want them to be able to count exactly what your winnings look like by looking at either your chips, or the cash, that’s in plain sight.

Kenny Rogers was not wrong when he said “you never count your money, while you’re sittin’ at the table“

The Pit Boss, as well as the security cameras, are looking for card counters.

Still, even to this day, with all the mitigation strategies and policies in place, the practice of counting cards allows you enough of an edge to push your odds of winning up to 51%.

If they catch you, you’ll be banned from that casino, and likely other casinos as well as they share security concerns.

But, on that one night, in January 1986 when I gave it a try, no one was looking at the college kid who was playing five dollars a hand. I was a small player. Not betting big, not a “serious” player in their eyes. Just a kid, in their eyes.

I walked into the casino with $250, and four hours later I walked out with over $700. Playing $5 BlackJack. Not really Luck, because I played hundreds of hands, but the level of effort is high, as is the risk.

Not sure I would ever try it again. I’m not really a gambler, I just enjoyed the challenge.
 
... If they catch you, you’ll be banned from that casino, and likely other casinos as well as they share security concerns. ...
True. But you are not cheating, so they are required by law to pay your winnings before they kick you out.
 
Back
Top Bottom