5 ms·
There's a layer that you're missing, I think. If you cheat, and cheat badly, it's often the case that the casino has noticed and is choosing to let you continu
by learnstats2 6y ago
There's a layer that you're missing, I think.
If you cheat, and cheat badly, it's often the case that the casino has noticed and is choosing to let you continue.
Almost everyone who sits at a high stakes blackjack table thinks they have a system for beating the casino (perhaps by breaking the rules), but in most cases their system doesn't work or they don't execute it well enough to make a consistent profit.
If it's profitable for the casino to allow this type of cheating, they will absolutely let it continue.
I once sat at a table with someone blatantly marking every card that passed through his hand, but not in a way that gave him a hope of profit. The dealer was clearly aware of him doing it, and play continued. (I was quick to leave that table)
- nathanlied 6y agoAdding to this as someone who has mingled with people that worked at some casinos: if you're losing very badly and seem like a 'problem gambler', sometimes they'll send someone to try and dissuade you. It's bad PR if the casinos ruin people. On the other hand, if you're winning a lot, you will get A LOT of scrutiny and extra measures, and if you're cheating, you'll probably get caught. This is likely why she had that level of nagging doubt. "Am I not winning enough to warrant extra scrutiny? Certainly if I was that good they'd have figured out what I'm doing and busted me?"
- bluntfang 6y ago>if you're losing very badly and seem like a 'problem gambler', sometimes they'll send someone to try and dissuade you. It's bad PR if the casinos ruin people. That's a really good point. Casinos aren't a windfall business. They're there to rake the 1% advantage on blackjack. It's important to have people at the tables moving money, not to have 1 person lose their $100k nest egg in 12 hours.
- rlucas 6y agoI disagree. Although I'm not in the business, my understanding from wide reading in the topic is quite the opposite. Casinos make money from "whales," who may or may not end up ruined to a man, but who are certainly losing enough money to ruin an average bettor. The guy losing $500 at BJ once in a while (and once in a blue moon winning some back) is the "economy coach class super saver" flyer. Yes, enough of those small fry help defray the fixed costs of the flight. But it's the last minute business class flyer that brings the margin. Similarly, the real money for the casino is in some mix of 1. problem gamblers, almost by definition, and 2. money laundering.
- kelnos 6y ago> "Am I not winning enough to warrant extra scrutiny?" I didn't really understand this bit from her, though. Her position in the team was not to win a lot, but to bet consistently, probably overall slowly bleed money, and signal the Big Player to come over when the count was favorable. "Not winning enough to warrant extra scrutiny" is literally her role in the team.
- lisper 6y ago> I once sat at a table with someone blatantly marking every card that passed through his hand, I find this hard to believe. I've been to a lot of casinos and I've never seen a blackjack table where the players were allowed to touch the cards.
- thaumasiotes 6y agoBut this doesn't explain much, because in the case of counting cards for blackjack at a casino, there's a very simple and straightforward metric for whether you're doing it well. Are you making money or losing money?
- learnstats2 6y agoOf course it's true that you can measure your success by your bank balance. However, it's worth noting that gambling intentionally has a very high variance - it's part of the addiction mechanism that losing players often win a little and occasionally win large amounts. Successful card counters will also have their bank punctuated by winning and losing streaks. It's only in the long-term that you will be able to tell if you're making money.