Posts Tagged ‘Profit’

MIT Blackjack Team & a Huge Profit

May 5th, 2011

In any casino, the only game where the player can have and take advantage of the odds, is blackjack and the MIT blackjack team did just that with stunning results.

MIT blackjack team & Beating the dealer

In the early 1960s when a university professor named Edward Thorp wrote his famous book ‘Beat the Dealer’ which featured a computer program for counting cards.

This gave the an understanding of the odds of the game, and the rewards to be had with the odds in a players favor and the MIT blackjack team were to use these odds to make a killing at the tables.

The game is quite simple. Both the dealer and the players are dealt cards, and whoever gets closer to 21 wins.

Thorpe’s system used card counting and other signals to “beat the dealer”. Just using one deck you could bring the odds to 2% in your favor.

However, casinos soon developed self-defence against card counters, in the same way as they had against cheaters.

The M

In the 1990s, at MIT an assistant professor and some students formed a kind of after-school club built around the mathematics of blackjack.

The MIT blackajack team developed a system around mathematics and statistics, and turned the club into a business; complete with investors.

Mock casinos were set up in various locations, and all aspects were examined, and considered, as in a large-scale mathematical study.

Psychological studies were made, both of the players and of the “house” employees, and all variables were taken into account.

It was science against the game and the game’s proponents.

The MIT group were far ahead in mental ability, and they proceeded to confront the casinos in an organized campaign.

To accomplish this they had a team which consisted of:

oA spotter. The spotter was the one who would sit at the table and play (always a mininum bet) but in reality was counting cards on their system.

oThe rear-spotter. This player was the casual observer who did play, who studied the cards as well as the casino security and game supervisors.

oThe gorilla. This was a player who just played big, and had nothing to do with the science, but was placed to distract attention.

oThe BP (big player). This is an expert spotter that plays the high stakes.

The team would all pretend not to know each other, but they were all armed with superior mathematical knowledge, highly trained in their position and extemely funded.

The posts were chosen also for ethnic reasons, as the BP could not to be a white guy, but an Arab, or Oriental, appearing to be rich and unskilled players.

The Classic Method

The spotter sat at a blackjack table, bet always the minimum bets, and did the basic application of the card counting program.

The gorilla would sit at the same table and bet, winning/losing without the benefit of the program and only there as a distraction.

The black spotter was watching as a deck became “hot” that is, as the cards in the deck would favor the players and not the dealer.

By secret signals and signs, the BP would then join and beat the casino.

The system worked and worked well, till the team became sloppy and broke their own rules. The casinos also became aware of the system’s effects, and began to search for them.

The fraternized, were seen together by casino security consultants.

Were the teams disciplined, and under strict control, it would have been years later till they were caught and banned from all casinos.

In today’s world, sophisticated cheating is the game, using technology to beat the house, if possible. The casinos know this, and have developed their own highly sophisticated defense systems.

The MIT blackjack team card counters proved that you can win at blackjack, and without cheating.

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How to Earn a Profit from Blackjack Rather Than Using so Called "Winning Systems"

July 18th, 2010

As a casino player, would you want to lose money by using those so called “winning systems” ? No doubts there might be some winning systems that might work. But not in the long run. The fact is that the player will eventually lose due to the percentage house edge which flavour the casino.

I will not use any winning systems but instead use my programming knowledge to profit from the online casinos due to 1 main advantage to a player. That will be the “bonus” given upon deposit for new players.

The first thing I want you to remember about my strategy is that your earnings will depend on how dedicated you are to following the system and not your instincts. Understand that the odds are in the casinos favor, but by following my strategy to perfection you will decrease the casino’s edge. Treat your blackjack gaming like a part-time job and you will make an average of $90 or more per casino you play. You should easily be able to play one casino a night.

The basic idea behind the strategy is bonus hunting. Bonus hunting is taking advantage of all the bonus money the casino’s give away to attract players to their online casinos. Most casinos will match your deposit dollar for dollar up to $200.

With that in mind, let’s just use an average of $90 and think of the numbers:

500 online casinos (x) $90 average $ you clear = $45,000 in profit (3 months or less)

By using blackjack profit system you will shift the odds of winning money in your favor.

Here is an example of the strategy for Casino on Net: Buy $200, get $200 for a total of $400. The minimum wager requirement is 10x’s. A 10x wager requirement means you have to wager a total of $4000 dollars (10x’s the $200 bonus plus 10x’s the $200 deposit) in total bets. Don’t worry, it’s not that hard to meet these wager requirements because all bets count towards the requirement, wins and losses.

The house edge at Casino On Net from my NEW Strategy System is 0.40%. $4000 x 0.40% is $16.00 (Remember, this is 0.40%, LESS than 1.0%). That’s the amount you are predicted to lose if you follow the strategy System and make wagers on blackjack totaling $4000. Subtract the $16 from the $200 bonus money and you walk away with profits totaling an amazing $194!

The system works because the casinos do not believe that you will follow all the steps needed to win money. The casinos believe that you will not follow the blackjack strategy or you will keep playing after meeting the wager requirements. Prove them wrong and follow the steps!

As an ex-casino software programmer and with 7 years of experience in playing blackjack myself. I knew the inside – out of how the whole system works. I am giving away this blackjack profit system free for the time being. To get my free blackjack profit system and start earning your profits visit my site:

http://blackjack-profits.50webs.com

The Real 21 – Blackjack Profit Secrets

July 12th, 2010

The Hollywood Blockbuster ‘21′ has created a surge of interest in the casino game Blackjack. The game has already seen a rise of popularity and has been dubbed ‘the new poker.’ The glamour and glitz of the world we see in ‘21′ has an obvious attraction and prompts us to question of it’s really possible to make money at Blackjack by ‘card counting’ or other methods.

Counting cards is a technique by which a player can change the odds in blackjack in their favour. The system is based on the fact that high cards worth 10 or aces are better for the player’s expectation than low cards. With more high cards in the deck the player will receive more blackjacks and because blackjack pays out at 3 to 2 odds the odds change in the player’s favour when the deck has more tens. Card counting relies on determining the ratio of high cards to low cards in the deck. This is done not by memorising which cards have appeared but by giving each card a value and keeping a running total.

In reality winning at blackjack doesn’t have to be as complex as card counting systems – and in fact they won’t work in online casinos as instead of real cards the casinos rely on random number generators. Beating blackjack is possible by playing ‘perfect strategy’ and by using the online casino’s sign up bonuses to beat the small edge they have. The problem with this system is quite simply the boredom! But human play can be a thing of the past thanks to advances in technology and casino robots like blackjack bots mean you can take profits from the game without having to play a single hand yourself!

Blackjack bots work by reading the casino cards from your PC screen, making decisions based on yours and the dealer cards and making the appropriate play. They never get tired or bored and are the perfect solution to winning profits at blackjack. They may not get you into the sexy world we see in the movie ‘21′ but for most of us blackjack bots are a far easier and safer way to win at the game!

Jon is an experienced online casino player and expert on casino bots http://bestbetfairbettingsystems.com/

Tricks On How To Make Profit At Slot Machines

April 22nd, 2010

To make the number of wins in a slot machine maximum, people suggest playing with maximum number of coins. But by analyzing the software programs of different slot machines, we can conclude that there are certain slot machines where a person can win by playing with only a single coin.

If you are playing in a multi coin and multi line machines, it is advisable to play one coin each on as many lines as you like. These slot machines give you betting flexibility you never had before. Not only can you choose how many lines to play; now you can also choose to play more than one coin per line. You will have to decide how many lines to play and how many coins to play per line. These machines have the most complicated pay tables of any slot machine. Have patience to study the pay table. You must look carefully to see if there is a payout, like a scatter pay, that is available only when you play all lines.

As far as multiline machines are considered, one can play more than one line if landing-winning combinations on pay lines did not activate bothers you. If not, you can play one coin on one line.

How to play in different types of slot machines

If you are playing on progressive machines, always play with maximum number of coins. If you are not following this advice, you are only increasing the jackpot for someone else with no chance of winning it yourself. These machines can be recognized by the LED displays advertising the ever-increasing jackpots, some life changing, that you can win by playing the machine.

If you are playing in a straight multiplier machine, always play one coin at a time because the payback and hit frequency are the same regardless of the number of coins you play.

Another type of machine is known as bonus multipliers. In these machines, it is always better to play one coin at a time. The main reason behind this is that the chances of hitting a payout with a bonus are so small, it’s not worth the extra risk. Some people argue that you are playing at a lower long-term payback when you play only one coin at a time on a Bonus Multiplier. That statement is partially true. But, again, how times does a player hit the top jackpot?

Buy-a-pays is another type of machine. In this machine the best option is to play with maximum coins. The main reason is the increase in payback and hit frequency purchased by the additional coins can turn a terrible machine into a good one. These machines can have very high hit frequencies.

A hybrid is another type of machine where the rule is to play just enough coins to activate all winning combinations. The main reason is that the extra coins are rarely worth playing in a multiplier, and hybrids are multipliers when you are in the multiplying section of the paytable.

When you are playing in a hidden buy-a-pay machine the general rule is to play with maximum coins because the feature activated by playing the last coin frequently makes the last coin pay back over 100%.

Stephen Crawford is a successful publisher and webmaster of SlotFan.com. He provides more information on slot machines, online slots, slot winning strategies, loose slots at casinos, that you can research on his web site at http://www.slotfan.com/

Greyhound Betting Systems – How to Win and Profit From Short Tote Prices

April 11th, 2010

Greyhound Racing can provide you with some great punting entertainment. A lot of the time though the short priced runners win meaning that you have to have a very good strike rate to actually show a profit long term.

I personally like greyhound racing for the fact that you only ever have 8 runners in a race here in Australia anyway, compared with horse racing where you can have 24 runners in a field. This is why the odds are not as good though and also the fact that the win pools are generally a lot smaller than horse racing win pools. There are some ways to get better odds though and improve your strike rate.

I like to stick to a method or system that has a good amount of winners. I usually won’t use a system that has less than a 30% win rate as this means I have to obtain prices better than 5/1 to actually make any decent profits. You will notice that a lot of greyhound racing results will show winners at 2/1 to around 4/1. When you are betting on greyhounds at these odds you will want a strike rate of around 60% plus to make good profits. The great thing about Greyhound Racing is that if you have a good selection method you can actually achieve these strike rates given that there are only 8 greyhounds in a race.

Here are a few tips for increasing your strike rate.

Stay away from maiden races. These greyhounds are just too inexperienced and are very hard to predict the outcome of these races especially when half the field has no prior form to work off.

It is also very important to look at win strike rate and place strike rates when betting on greyhounds. If a greyhound doesn’t have a very good win strike rate but a great place strike rate then maybe it is better off backing the greyhound for the place. Places don’t pay as much but it is better than missing out on a return dividend altogether if you aren’t 100% comfortable in thinking the greyhound can actually win the race.

Greyhounds from Box 5. Whenever I see a greyhound from this box I like to see if it has a history of running from this box and how it has performed in the past. Ask any greyhound punter about the dreaded Box 5 and they will tell you that they don’t like to bet on it. If a greyhound has excellent early pace however, this box can be no problem and still provide you with a winning result. Of course Box 1 is the box to have if the greyhound you are betting on is a railer and box 8 is the best one to have if you greyhound likes to run wide.

To see more tips, strategies and systems visit Greyhound Strategy Tips