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To give you a great browsing experience free of charge, this site uses cookies.
Cookies help us personalize content and ads, provide social media features, track your preferences, and analyze traffic.
Forbes may share this information with its advertising, analytics, and social media partners, who may use it with information you have provided to them in connection with their services.
For more information: To consent and proceed, click "Continue to Site.
Sheldon Adelson is a multi-billionaire.
In a way, I am my own hedge fund.
It surprised me because my sense of it was that the counter-measures had put an end to knowledgeable pros walking off with cash.
Cumbersome to count six-deck tables are mostly in place — and the too easy to beat single-deck and double-deck games, if you can find them, are closely monitored.
Winning too much leads to offers to stop playing and please leave.
Steve says most of that is still true but that the enterprising player can develop methods to circumvent legally the discouraging issues.
Blackjack Pro: Well, the casinos have become much more cautious since the 2008 economic crisis.
That affected business everywhere and the gaming industry was no exception.
The top bet allowed at 21 used to blackjack table cheap 25,000.
Those days are over.
Top bet these days is 400 or 500 a hand, more than that and the casino manager is called over and the action pretty much stops.
Navin: Are you playing more on the Strip or downtown?
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I blackjack table cheap to mix it up and I never spend a lot of time in any one blackjack table cheap />Blackjack Pro: I never carry with me into the casino more than 5 or 6 thousand dollars.
I master strategy blackjack play more than 25 to 100 hands.
The main thing is to have a system that works and, after that, to eliminate heat.
Navin: Steve, are there specific places where conditions are generally better?
Blackjack Pro: I like downtown, generally.
The majors on the Strip are super cautious.
I still enjoy playing in Boyd Group rooms.
Navin: What else do you do to prevent heat, Steve?
I try to alter my appearance by wearing different types of outfits, sometimes a suit, sometimes t-shirt and jeans.
Navin: When you enter a casino and find the tables, what kind of game are you looking for?
Blackjack Pro: The basic rule is, blackjack table cheap more decks, the less they watch.
Six deck games are said to discourage card counters, but they take a long time to shuffle and casinos do not like it when gamblers are just sitting there watching cards being shuffled.
Where they tend to place the cut card is important.
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I mean, this is how I make a living and I approach it as a business.
It has ups and downs.
I think there are probably about 100 strict counters in town, those who are in it for a living.
Anything like that these days?
So, if you are able to, you keep a side count of queens.
Problem is, if you win the side bet, they stop the game and you blackjack table cheap to fill out a W-9 form.
Very business-like these days.
After Steve mentioned being arrested and jailed, he gave me the name of the criminal defense attorney that helped him sue the casino for false imprisonment: who says that basically the major casinos are killing the game by offering fewer tables, more continuous shuffle machines, no double after splits and so on.
Loeb says they may have a few tables of hand-dealt, old school 21, but these tables are heavily watched — and that you can probably find better games outside of Blackjack table cheap Vegas.
My Forbes interview with Ed Thorp, the author of Beat the Dealer is.
My Marketocracy work is profiled in The Warren Buffetts Next Door: The World's Greatest Investors You've Never Heard Of by Forbes Investments Editor Matt Schifrin.
I'm a… Read More My Marketocracy work is profiled in The Warren Buffetts Next Door: The World's Greatest Investors You've Never Heard Of by Forbes Investments Editor Matt Schifrin.
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