Someone explain please Why cardcounting?

[ccibball50]

Well you can try Craps if you want.
"I make my living strictly by playing craps. If I had to rely on luck to overcome this negative-expectancy game, I'd be a pauper living under an overpass. Instead, I rely on my ability to "derandomize" the game every time that I pick up the dice.

I have been playing the game this way since 1990. My worst year since turning professional still managed to produce a net profit of $100,000. Recent years have proven to be even more lucrative as I've developed my dice-influencing abilities well beyond what they were when I first started out. "

The person who said that is making atleast 100k per year, which is what you are looking for, right?

True but surely it is all about how you roll the dice. I have read only very little about craps and from what I get out of it, I am not 100% convinced it is possible. That may be because I have not done enough research on it. Also I hear it takes years of practice and you have to purchase a table exactly like the casino and practice non stop. HOwever I would definately be willing to do it if I knew I cuold net 100k.

 

[ccibball50]

Absoulutley! If I needed 100k to sustain my current economic obligations, then without question the safety of a guaranteed paycheck is crucial.

But for many - living on 40k and not doing the 9-5 thing can be very rewarding.

Time = money

 

[celadore]

From what I've heard it's not just the US that has a tanking economy...

But typically if something is too good to be true than it's either false, or highly illegal. I'm not saying yours is, but it seems pretty sketchy...

If you were aware of where I lived you could easily look up my country's national lending rate on google and see that it is actually higher than 12%. I will just say that it is a 100% legal and leave it at that.

One day when I've been barred from all local casinos I will be happy to reveal more about myself, but for the time being I would prefer to keep my privacy.

I had only mentioned the 12% previously as an example of a possible way to achieve a $100k a year from cardcounting and compound investing within a matter of years. It was based on my current options.

I am actually looking into 16-28% long term investments at the moment, (still trying to get some more funding). I am still after a little more capital, and waiting for the global slowdown to stabilise a little, but I strongly believe that 20% annual ROI and more is available in the long run. I know many people who have achieved much better than this.

Warren Buffet has been able to make 25% returns for some 30 years or more. (Anyone notice how he dumped all his government bonds and threw the money into the stock market).

If I can make some spare cash counting cards, invest the money wisely, get some good annual returns, I'll be on the $100k a year in no time.

 

[gibsonlp33stl]

I'm not a stock expert by any means...but from what I know rates that high aren't given out guaranteed without substantial risk. If that's the case than why wouldn't everyone and their mother be throwing money that way. If somebody needs moeny that bad that their lending at that rate, than odds are they may not be able to pay it back. If its guaranteed, I figure some major investors who really know their stuff would be sending money down there, unless you have to be from that country to invest. And saying that Buffet can make 20-25%, so it's possible, is like saying Lebron James can score 29 a game in the NBA, so it's possible. That guy is a freak (both Buffet and James, but in very different ways.)

 

[gibsonlp33stl]

There are more ways to (legally and morally) make money from the stock market than waiting for the stock market to go up. Short selling, for example, is a great way of making money when stocks are headed down.

Given people who know their stuff and have all possible tools at their disposal, it's quite reasonable to consistently beat the stock market as a whole long-term. That's the whole concept of hedge funds.

Beating the stock market is very possible...and takes a lot of time and research. Even the experts are struggling right now, if people knew whether the market was going to go up or down...sure you'd buy when it's going up, and short when it's going down. But the vast majority of people don't know that. I'm not saying you can't beat the market, but i'm saying a guaranteed 12% is very very difficult to get. And a guaranteed 20-30% is only made by investing in the mafia. I'm not saying you can't make that, it's very possible...but it's also very possible to lose 60%. The guaranteed fixed rate is where i'm arguing.

 

[callipygian]

I'm not saying you can't beat the market, but i'm saying a guaranteed 12% is very very difficult to get.

In his original post, he did not claim a 12% guaranteed rate. I assume "variable" meant that 12% was a long-term average, which I can believe.

Edit: 20% is a little hard to believe, though. In the heyday of mortgage-backed securities, those only yielded 15% or so and those were considered golden.

If that's the case than why wouldn't everyone and their mother be throwing money that way.

Everyone would love to, but the people who know how to do this stuff don't want to share their secrets. The SEC requires that public investments have a degree of transparency, so hedge funds get around this requirement by not offering their products to the public. They limit the buy-ins to chunks of $250,000 or $1,000,000.

Of course, the downside to this is that as an investor, you have absolutely nothing except for the company's good word that they're on the up-and-up.

 

[celadore]

To gibsonlp33stl
Sorry mate, but I don't feel like proving to you that you are wrong. This is a card counting forum, not an investment forum, so let's get back on topic.

I honestly don't think that 20% annual ROI is that remarkable. Many of my uncles make better returns than that in their businesses. That's why they're multi-millionaires. I at no point mentioned that any of my investments involved stock and shares. They do not.

 

[standard toaster]

True but surely it is all about how you roll the dice. I have read only very little about craps and from what I get out of it, I am not 100% convinced it is possible. That may be because I have not done enough research on it. Also I hear it takes years of practice and you have to purchase a table exactly like the casino and practice non stop. HOwever I would definately be willing to do it if I knew I cuold net 100k.

I have been researching this topic for some time now. I do belive eit is possible although it is very very hard to do. You also only need to control the dice 1 of every 32 tosses... give or take one although i do believe it is 32.
The whole point is to keep the die on a single axis to remove the outside numbers from play. If you can throw them in sync and on axis they should fall together in harmony and show one of the 4 preset combinations you have decided upon for your situation.

To practice you do nto need a whole craps table but simply the diamond wall barrier and a plain old wall. You can practice on that just fine.

The chef will probably be around sometime soon to explain more

 

[Rub]

I have been researching this topic for some time now. I do belive eit is possible although it is very very hard to do. You also only need to control the dice 1 of every 32 tosses... give or take one although i do believe it is 32.
The whole point is to keep the die on a single axis to remove the outside numbers from play. If you can throw them in sync and on axis they should fall together in harmony and show one of the 4 preset combinations you have decided upon for your situation.

To practice you do nto need a whole craps table but simply the diamond wall barrier and a plain old wall. You can practice on that just fine.

The chef will probably be around sometime soon to explain more

In each web site I look for information, they always want you to buy a book or videos.
Why they need money from book/video sells, when they can make fortune from craps ?
...if anyone knows where to find Free Information about dice control in craps, please tell me.

 

[standard toaster]

In each web site I look for information, they always want you to buy a book or videos.
Why they need money from book/video sells, when they can make fortune from craps ?
...if anyone knows where to find Free Information about dice control in craps, please tell me.

Because it is not easy. The same thing goes for card counting look at all the books out there. Guarenteed paychecks are much better than gambling with a risk of losing your money.

 

[Rub]

Because it is not easy. The same thing goes for card counting look at all the books out there. Guarenteed paychecks are much better than gambling with a risk of losing your money.

Yea, but there is a lot of info about card counting on the net.
Different types of counting, basic strategy variations, many many charts...almost everything.

While for craps I can't find one single video that shows you dice setting and different types of throws...