Interesting Barrings *LINK*

[Buck Riviera]

Detriot's Greektown casino recently barred 30 VP players and it got local press coverage with the original story reported here: (Dead link: http://www.detnews.com/2002/business/0211/25/a01-19565.htm)

The story was also the subject of an opinion column (follow link at the bottom of this post). I mention all of this because there has been past discussion in the BJ community to the effect that if there was enough publicity about the practice of barring that public outrage would bring it to a halt.

I personally think that is naive thinking but perhaps following the Detriot story will be instructive in that regard.

Buick

 

[phantom007]

2nd Attempt

I was trying to post "VP Winners (and Card Counters) are GOOD for CASINO PROFITS!"

The IRS says "give me 39.5% of your income", and the State says "give me 9% of your income", and then the County and City says "give me 7% of the roughly 50% that you have left to spend". Even professional PLOPPIES avoid this game (when possible).

Now, Mrs. X, from Detroit, spends 50+ hours/week at the VP machines, 9:6 of course, and only when the 5-coin Royal pays out a certain amount, and plays 5 coins only, and all of the time, and in net, eeks out a few hundred $ profit per week. Before mandatory tax withholdings at this level.

We envy her, and we play! We play the 8:5 machines. We play with sub-optimal strategies. And when our $ are low, we drop back from 5 coins played, and thus, drop back from most any potential advantage that we did have.

AND THE CASINO WINS!

From memory, the book "Gambling for a Living" by Slansky and Malmouth, estimates that there are between 300 and 1,000 people currently making a regular F/T 6-figure income by playing BJ. By logic, there are several hundred thousand that are profiting much less. Thus there are likely 10-20 million people, who are, in net, losing. Yet they play, because they know there are a few who win.

SO, THE CASINO WINS AGAIN!

I know this from personal experience. My FREE LIMO ride from the LV Hotel to the airport cost me $17,000. plus a $20. tip for the driver.

 

[The Mayor]

Re: 2nd Attempt

Hmmm... I don't agree with this statement: I know this from personal experience. My FREE LIMO ride from the LV Hotel to the airport cost me $17,000. plus a $20. tip for the driver.

In fact, if you are playing with an advantage, you should not be looking at any of this based on the results of one trip. I have many friends who win/lose 10K or more on a daily basis, but are long term winners. I encourage you to view your $17k loss the same way. After you have 1000 hours in playing at that level, let us know how much that Limo ride really cost you.

--Mayor

 

[phantom007]

That is the Point.

I was not playing at an "advantage". I suggest that many, if not the majority, would retreat to Keno after such a hit. I took it as a signal that more practice and study were required...this was in my "Basic Strategy Progressive Days".

I was trying to point out that, in my opinion, Card Counters are GREAT for the Casino's bottom line, in that from the 10,000 who attempt it, only 100 do it right, and about 5 have the Bankroll resources to survive the downward fluctuations, and only about 1 in 10,000 hits the Casinos for 6-figure $.

The fact that there are a few who win big $, keep the rest playing, and unfortunately, losing, in an attempt to attain this goal.