Three ways (possibly 5) to make money in casinos...

[tensplitter]

Blackjack, poker, sports/race betting, video poker, and craps if you are one of the few who can control the dice or if you buy people's dont bets. And of course, the martingale with an infinite bankroll will always work, but then again if you have an infinite bankroll you don't need to gamble.

Of all those, why do they shun only the blackjack players who play too well? If you're a good poker player they will invite you to tournaments and even sponsor you in the World Series of Poker. They don't tell people who are making a living from betting sports or races to not bet those anymore. They love video poker players and comp them generously, yielding over 100% return if the comps are factored in. For craps players, they give you all the time you need to set the dice and you can shoot any way you want as long as it hits the back wall, and everyone cheers on a hot shooter, including the pit boss. But if a blackjack player is winning too much, they observe how you bet and play your hands. All you're doing is playing by the rules and using your head to remember how favorable the rest of the shoe is. A professional sports bettor betting 10 games every week at $500 a game, with a 57% long term accuracy takes more money from the casino per year than a blackjack player who spreads from 100-1000.

 

[pieinthesky]

Other ways to make money at casino

Tens, I cannot speak to all of your post, but I can say that casinos don't care about race book winners because it's a parimutuel, rather than house-banked, system - the house (with its partner, the government) takes its cut off the top, and the remainder of the pool is shifted from the losers to the winners. The problems for the players are increased takeouts and poor quality racing with fewer playable races. It's analogous to live poker, where the casino takes its rake off the top, and lets the players fight each other for the remaining pot.
While AP opportunities in video poker still exist (usually a combination of close to 100% payback machines, comps and special offers), these are rapidly worsening or disappearing in Las Vegas and elsewhere.
In my fairly long experience as a horse racing and casino customer, I've concluded that the only thing that keeps good opportunities available is the sloth and inertia of management, which are considerable. However, in poor economic times, they try pushing the envelope. Remember, you are not the casinos' desired customer; ploppies are. Just look at what Harrah's has gotten away with to see how much garbage ploppies will take.

 

[21forme]

Of all those, why do they shun only the blackjack players who play too well?

As usual, your information is wrong.

I know several sports bettors who have been backed off from Vegas casino sports betting.

 

[SystemsTrader]

As usual, your information is wrong.

I know several sports bettors who have been backed off from Vegas casino sports betting.

Plus some casinos have backed off video poker players (the microsoft guy comes to mind) and some casinos no longer give cash back for full pay machines.

 

[Lonesome Gambler]

- There are many more ways to make money in a casino than the ones you mentioned.
- Dice players have been backed off, even though the amount of players actually making money from controlled shooting is questionable.
- Poker players and sports bettors are competing against each other, with the house taking juice. The more players in these areas, the better for the house.
- However, like 21forme said, sports bettors can occasionally find ways to exploit heavily lopsided lines at (usually) smaller books, and these players often find that their bets will no longer be accepted after a particularly obvious play.

You have to first think: is this play costing the casino money? If not (poker, sports), you will be welcomed with open arms; if so (blackjack, other AP games), you will eventually find yourself no longer welcome.

 

[moo321]

You can definitely get a backoff for sports betting.

There are a lot of other ways to beat casinos that you may not have thought of...

 

[NightStalker]

Why would they backoff VP player

Plus some casinos have backed off video poker players (the microsoft guy comes to mind) and some casinos no longer give cash back for full pay machines.

I really doubt the information. Is there any link/article? Can you please PM?
They can probably cut-off the comps and the player will quit himself?

 

[SystemsTrader]

I really doubt the information. Is there any link/article? Can you please PM?
They can probably cut-off the comps and the player will quit himself?

http://www.blackjackinfo.com/bb/showthread.php?t=6459&highlight=microsoft

 

[ChefJJ]

For craps players, they give you all the time you need to set the dice and you can shoot any way you want as long as it hits the back wall, and everyone cheers on a hot shooter, including the pit boss.

A good share of casinos will not hesitate to put heat on a shooter with a controlled throw, especially those who are overly deliberate...rushing the shooter, hassling about hitting the wall, calling "no rolls", etc. But, then again, some just don't seem to give a crap.

good luck:joker:

 

[flyingwind]

There are a lot of other ways to beat casinos that you may not have thought of...

You're such a tease. So what have I not thought of... ?

 

[tensplitter]

Pulling an "Oceans 11" type of heist is one way to beat the casino but the heat you get is hotter than a volcano.

I forgot about being the banker in Pai Gow poker, so make that 4 ways, but you can't be banker all the time. And finding biased roulette wheels is another way to beat the casino, but that has very little success nowadays. The computer tracks every number that comes up and can detect a bias before any human can, and so the bias could be corrected.

 

[Lonesome Gambler]

It's possible to get an edge in any casino game. The rest is up to you to figure out. That's not meant to be a slight; I used to wonder the same thing. Eventually, as you learn more about advantage gambling and put more thought into the games, you'll find what you're looking for.

Interestingly enough, I'm about to put in a rental DVD of Ocean's 12, which I just picked up earlier this evening. It only half-breaks my rule of never watching remakes, since it's a sequel to a remake (the original didn't have a sequel). I probably wouldn't suggest that method of beating the house.

 

[moo321]

You're such a tease. So what have I not thought of... ?

Matchplays, incorrect payouts, and comp hustling to name a few...

 

[Thunder]

Comp hustling doesn't make you money off the casinos. It saves money. There is a difference...

 

[Sonny]

Comp hustling doesn't make you money off the casinos. It saves money.

Comps can be used either way. Some strategies limit your losses (or expenses) and other strategies show a profit.

-Sonny-

 

[Lonesome Gambler]

Comp hustling doesn't make you money off the casinos. It saves money. There is a difference...

Depending on how big you play, comp hustling can make you quite a bit of money, actually. Not all comps are free meals, rooms, etc.

 

[tensplitter]

The nice thing about matchplays is that you have an edge on every single game, even the Big 6 wheel.

 

[flyingwind]

It's possible to get an edge in any casino game. The rest is up to you to figure out. That's not meant to be a slight; I used to wonder the same thing. Eventually, as you learn more about advantage gambling and put more thought into the games, you'll find what you're looking for.

"The rest is up to me to figure out."

I feel as if I'm searching, but I cannot see it. I need more guidance on the path to enlightenment.

 

[Lonesome Gambler]

"The rest is up to me to figure out."

I feel as if I'm searching, but I cannot see it. I need more guidance on the path to enlightenment.

Keep reading, check through the old posts on this forum (there are a lot of good ones from a couple of years ago), and keep learning. It's not so much that information on beating other games is so veiled in secrecy that you'll never be "in the know," it's more that you must develop certain skills before the information becomes practical. In other words, you have to walk before you can run.

Here's some help: counting, shuffle tracking, sequencing, et al all share one common characteristic—you are able to gain or keep track of more information than the casino would like you to. You can beat many casino games by obtaining or keeping track of information that the casino doesn't think you have. If you play lower stakes, promotions become important. Matchplays, funny chips, free slot play, (occasionally) multiple point days—all have much value. My best advice would be to keep learning, and keep your eyes open.

 

[shadroch]

Comp hustling doesn't make you money off the casinos. It saves money. There is a difference...

Last trip, I recieved four tix to Love, which I promtly sold for $265.I also housed three friends in an extra hotel room in exchange for two tix to the Grateful Dead concert. One is an example of making money, the other is an example of saving money.