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R19 , May 16, Gizmo , I knew you would go for If I win the first step, then I pocket 1 unit before going on to the second step. Now only the house's money plays the second step.
I have my bankroll money all tucked away and safe. I have one unit in my pocket for that first step. If I win the second step then I have a total net win of three units.
That's exactly what I have been harping about as good enough. Thank you ND. If you bet against the trend, you can be suckered into betting and betting and betting.
I have seen more fortunes lost by people who became emotionally committed to one position that went against the trend than through any other folly in gaming!
Don't buck a trend. Either swing over or don't wager. I consider three or more decisions in one direction enough to be considered a trend.
One of the basics of that philosophy is to take advantage of those times when I have a winning pattern going for me. And one of the ways I do that, take advantage of the good luck, is to keep playing.
The majority of people come into a casino and when they get lucky they quit to soon. Because they quit playing too soon.
Vegas casinos are so plush and luxurious because people don't always cut their losses but they cut their winnings!
It's easy to understand. Everybody is influenced by that old saying ''quit while you're ahead'' but they don't realize that the saying has a catch when it is applied to gambling.
It's certainly a good idea to quit while you're ahead, but shouldn't you figure out what ''ahead'' really means in your case? You might be ahead for the evening, but are you ahead or even close to it as far as the whole year is concerned?
Most people, unfortunately, bet either the same way whether they're winning or losing, or they bet just the opposite of the way a professional gambler will.
By that I mean they bet too much on each decision when they are in a losing pattern, and they bet too little when they're winning.
They just don't take advantage of winning patterns that come their way. Of course you never know when a pattern is going to change.
You may be winning handsomely and then it turns around into a losing streak. But why walk away from the table until you have had some sufficient evidence that decisions are not going your way, that your win pattern has ended.
It takes nerves to play up your winnings, but think about it. What are you gambling for? If it's to win some money, why not win as much as you can?
Pressing your bets when winning is the hallmark of every professional I have ever known. The casino need have no fear of the person who wins and continues his conservative wagering.
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I asked Wild Bill what did he learned after his first year of Blackjack play? He responded that he learned two valuable lessons they were: The lesson of Losing and The lesson of Winning.
Several small wins are just as good as one large win. Get a win and get out. The standard rule is play as long as the game is good, but I would expand it to play as long as the game is good and you are not getting any attention.
How did you get the nickname Wild Bill? Gambling nicknames are usually given to you by another professional gambler or potential teammate, usually early on in your playing career.
I have been given several nicknames over the years. The name Wild Bill was given to me by a potential team whom I first met at Wild Bills gambling saloon.
We talked on the phone briefly and decided to meet at a restaurant on Sahara Ave in Las Vegas. When we first met I told him my name was Dave.
After the meeting, I was comfortable enough to tell him 'Hey my real name is Mike. The Tuscany Tom name came about in a similar way. A lot of players get their nicknames in that way.
At first, it was just on vacations than on a once a month basis and, eventually, it was every weekend. At that point, I was treating it as a part-time job.
I was able to move into the professional gambler occupation in my late 50s. The classics game that everyone professional gamblers started with is blackjack.
That game will always be there, but making money on that game is getting harder and harder every day. This leads a professional gambler to look for new opportunities.
Baccarat was the highest-grossing casino game in the world, as Bloomberg reported in In , baccarat games generated 91 per cent of casino income in gambling mecca Macau.
Huge sums could change hands over a game of baccarat. Given the opportunity to make massive amounts of money, casinos can be unusually accommodating to wealthy baccarat players.
Ivey was able to use this to his advantage. In each of his visits to the Borgata, the casino accepted the same five requests.
Ivey asked: that he play in a private area; that the dealer speak Mandarin Chinese; that he play with eight decks of purple Gemaco Borgata playing cards shuffled together; that the decks be shuffled with an automatic shuffler; and that Ivey would be allowed one guest at the table, a woman named Cheng Yin Sun.
Sun had spent, according to the New York Times magazine, hundreds of hours memorizing tiny flaws in purple Gemaco Borgata playing cards.
Card manufacturer Gemaco, listed in the lawsuit, did not respond to a request for comment from The Washington Post early Tuesday.
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