Thread: Vegas Odds
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07-18-2011, 08:55 PM
  #62
Hockey Team
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Originally Posted by chosen View Post
I couldn't disagree more. Out of the two or possibly three that I personally know that have made it, all are millionaires many times over, but they can't go more than 5 minutes without thinking about some gambling angle.

The ones who have done the best are the ones who specialize in sports. I know a few doing well in poker. For casino games, I'm not sure I know one person who has a great steady income. They are the most prone to getting killed, at times. Casinos are built on the backs of those that play casino games, and while it's the slot players who do most of the losing, a scant few are getting wealthy playing casino games. They used to kill back in the day.

One of my favorite guys I met in the gambling world was an innovator and he got rich before the bookies knew what was going on. Before the Internet, he would call Chicago every day to get a weather report, specifically, which direction the wind was blowing. He made millions betting over/under in Cubs games based on wind direction. Before the books figured it out, he was retired in his 30's.

In sports you can find real edges if you work hard enough and are prepared to grind. Poker, you can definitely win at, but such a small percentage of them are living large.
I know nobody (personally) that makes a living through sports or poker.

All the people I know make a living playing casino table games, and none of them are card counters.

I know almost every angle there is for table games. Some are illegal (such as card marking, collusion with a dealer) so I won't get involved with those, and for the rest, I don't really need to think about it. Sure, I'll spend an hour or two sometimes to memorize a strategy chart, or spend a few days working on a computer simulation for a play. I've spent time practicing my skills, but that has to be done at the casino on a real game. For casino table games, you really need to be AT the casino watching the game being dealt to think about the angles. I know most of the angles, but I'm only proficient at a few of them, but all the angles are relatively straightforward, it's just a matter of developing any skills required for them. I specialize in hole carding, and even there there's categories, and specific skills for each one. Eg. There's games dealt by hand, out of a shoe, or out of a machine. Each one requires a different technique. Then there's scouting, the ability to evaluate a game, and of course the ability to actually play the game, know the strategy for the game, and most importantly figure out how to play the game without the dealers/bosses getting wise to what's going on. For example, in blackjack, if you have a hard 19 and the dealer has a 20, what do you do? The answer is to stand and eat the loss. Other decisions like how much to bet, etc, avoiding problem people. Like one of the first things I do when I walk onto the floor is look for people who know who I am and what I do so I can make sure to avoid them.

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