You might as well let her try. Blackjack betting systems are commonly used by players to make the game more exciting while attempting to make more profits. Top Menu- More Games- Craps. With several difficult choices available in every hand, blackjack is not the easiest game in terms of strategy. While most famous blackjack players accumulate their wealth on the tables and through books, Kerry Packer is an exception to the norm. He still lives in the same house in Bensalem and hasn't splashed on fancy cars or luxury items. The trick was where to find such venue.
From Racetracks to Blackjack
In fact, Don Johnson negotiated game conditions where the house edge was only 0. Often, your best case scenario is a blackjack game with a house edge of 0. Guessing and hoping are not winning strategies for blackjack or anything else, for that matter. In late and early , the casinos in Atlantic City were suffering financially. They were desperate to turn things around.
The house edge in blackjack is low, which means that players can go on winning streaks almost as easily as they can go on losing streaks.
In the case of Don Johnson, they lost even more. Video poker players can find casinos offering great odds, too. I already wrote about how he negotiated better rules for the game and how he got them to raise their usual limits. Even if the house has an edge of only 0. These are basically discounts on the amount of money you lose. The slots club is a small-scale version of this practice.
Even then, most casinos offer these rebates as a lifetime discount. If you have a winning trip, you lose the benefit of those rebates. But Don Johnson negotiated a trip by trip rebate. The managers at these 3 Atlantic City casinos missed their opportunity with Don Johnson:. Don Johnson is now one of the most famous gamblers in the world. He just played perfect basic strategy and negotiated great rules for himself.
You can take several lessons from his success, though. You should always be willing to shop around. You should also always be willing to negotiate with the casinos for a better deal. Get a Huge Bankroll Almost all the steps on this list presuppose that you have a huge bankroll. How many people reading this blog post can come up with that much money?
The rest of this post details how Don Johnson improved his chances of getting lucky. That decision is correct because it offers the highest expected value. What does that mean? The dealer has a 3 showing. What do you do in this situation? Typically the high-roller is required to play at least 12 hours to qualify for his rebate. What gave Johnson the edge was that his loss rebate incentive had no minimum play requirement. Here are the details:. But blackjack is so close to an even game that playing a few hands is about the same as a coin-flip.
But could he do better? At an average pace of hands per hour, his expected play time was just under 5 hours per day. To double check these theoretical results, I also ran a large number of Monte Carlo simulations. I wrote an e-mail to Don Johnson, sharing my results. I was delighted when he responded to my e-mail, saying that my results were in agreement with those provided by his mathematicians.
In addition to the loss rebate program above, Don Johnson piled on more positive expected value. In a recent Bloomberg documentary, Johnson admitted to intentionally creating havoc at the tables to induce frequent dealer errors in his favor.
Since completing my work on loss rebate advantage play, I have learned that beating loss rebates is at the top of ongoing advantage play opportunities. There are US-based players who use their overseas passports and pretend to be high-rollers coming to America to gamble. There are teams who scout incentive programs worldwide looking for any edge. If it is worth it, they will beat it. In completing this research, the full scope of what Johnson achieved vastly exceeded my initial impression of him.
Don Johnson is truly one of the top advantage players of all time. Here are the details: There was no minimum play requirement.