Blackjack Hall of Fame Part 1

Blackjack Hall of Fame Part 1

The Blackjack Hall of Fame is located at the Barona Casino, in San Diego, California. The Barona Casino awards to each inductee a permanent lifetime rewards for full room, food, and beverage, in exchange for each member’s agreement never to play on Barona’s tables.

The Blackjack Hall of Fame was formed in 2003. Until 2005, it has inducted a total of 11 members for their outstanding contributions, both at the tables and beyond.

Edward O. Thorp, one of the original Blackjack Hall of Fame members, was a mathematician and scholar, known as the Father of Card Counting by professional players and the public at large. In 1962, he authored the book “Beat the Dealer”, which was the very first winning blackjack system ever published. In this book, his Ten Count system was first introduced to the world. It was also the first publication to beat any casino-style gambling game mathematically. Every card counting system available today is a derivative of Edward O. Thorp Ten Count system.

Ken Uston, an original inductee, passed away in 1987, long before the inception of Blackjack Hall of Fame. Ken Uston was the author of the book “The Big Player”. This book brought the secrets of the big card counting teams mainstream, creating an uproar throughout the casino industry. After his landmark publication, card counting teams began to spread across the globe.

Al Francesco, another member of the Blackjack Hall of Fame was the inventor of blackjack team play. Al Francesca was the driving force and the mastermind behind Ken Uston and his book, “The Big Player”.

Peter Griffin was the first to introduce card counting system into two points in his book, “The Theory of Blackjack”. These two points are the Betting Correlation (BC) and the Playing Efficiency (PE). Blackjack researchers have been using the mathematical methods of this book, along with his many other mathematical papers. This made Peter Griffin an easy pick for the original Blackjack Hall of Fame line-up.

Stanford Wong, often referred to as the “Godfather of Blackjack”, was an original inductee into the Blackjack Hall of Fame. The term “wonging” is related to his proven techniques of card counting across the globe. Stanford Wong was one of the first to beat the continuous shuffle machines of Las Vegas before they were removed and updated.

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Tommy Hyland started playing professional blackjack while still in college, and till now has been for over 31 years. He is the leading man in the longest running and most successful blackjack team in the entire world. Admired by his peers and hated by casino owners, Tommy Hyland has made his mark in the blackjack world and was an original inductee into the Blackjack Hall of Fame.

2004 Blackjack Hall of Fame inductee was Keith Taft. The Blackjack Ball also displayed a complete set of photo album featuring a variety of gadgets that Keith Taft invented to facilitate the process of beating the casino games. Keith Taft give credit his son, Marty for making it possible for the father and son to be unbeatable pair since Marty was a teenager.

Max Rubin is the second Blackjack Hall of Fame’s inductee for 2004. Max Rubin is the author of “Comp City”, a publication crafted to beat the Blackjack tables of Las Vegas without having to master the art of counting cards.

The 2005 Blackjack Hall of Fame brought with it two new inductees Julian Brown and Lawrence Revere. Julian Brown was an IBM computer programmer who was fascinated by the mathematics involved in blackjack. In the 1960’s Julina Brown wrote to Edward O. Thorp and requested a copy of the blackjack computer program. Since Julian Brown had access to some of the fastest computers available, he researched diligently to develop a better program. He contributed significantly to the improved version of Hi-Opt blackjack and Hi-Lo strategies. Most of the work of the present day blackjack experts are derived from the work of Julian Brown.

Lawrence Revere was a card shark and hustler. He created a series of amazingly simple, colour coded charts. In other words, he made it so easy for anyone to understand. Lawrence Revere is considered to be the man who brought blackjack to the average player.

Continue Blackjack Hall of Fame Part 2.

Blackjack Hall of Fame

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Are casino games beatable?

Are casino games beatable?

To Stanley Ho and Bob Stupak, all casino games are unbeatable.

Stanley Ho said in a TV interview by reporters, ” All gamblers will lose to me because casino games are our games.”

Bob Stupak said, ” Even a tiny one thousandth percent odd will bankrupt the richest man in the world if enough bets are played.”

To the casinos, all their games are unbeatable including professional poker.

Let’s take a look at a few scenarios to answer this question whether casino games are beatable.

Pofessional Poker and Poker Rooms

Let’s take a look at professional poker and poker rooms.

Many new small casino owners consider poker rooms as their best business. They rake in high hourly commissions. Their returns are possibly the best for any business. To the casino owner, the issue of whether poker game is beatable or unbeatable is irrelevant. The reason is the casino do not book the bets. Players play among themselves. Yet, you have seen the successes of professional poker players. Despite the rake, ten percent of the long term poker players are winners. They pay taxes to the government every year. If this is the scenario, can you imagine the losses sustained by the losers, the remaining 90%. Losers lose to both the casinos and the professionals. Indeed, they are big losers. Can you imagine that. The ugly side of gambling is seen in the losers.

Progressive Jackpot

Now, we take a look at progressive jackpot.

Casino seed the initial payout for jackpot which is just a tiny amount taken from their profits. Then the casino feed the jackpot a tiny percent from their profits. You can actually calculate the zero odd for the jackpot. If nobody hit the jackpot, it will grow to a point where the odd is zero. Beyond that you will have a positive mathematical expectation when you bet on the jackpot. When this scenario happens, you will find professionals enter the game because they are paid more than the odds.
One good historical example is by Stanford Wong in Las Vegas. One day, he declared publicly that the progressive jackpot now offers positive mathematical expectation. So, he was in the game everyday until somebody hit the progressive jackpot. It was said that he hit the jackpot but this information was never verified.
You can see that although Stanford Wong won the jackpot with positive expectation, the casino still consider progressive jackpot unbeatable. The additional money that Stanford Wong won comes from the fellow players who lost badly both to Stanford Wong and the casino.

How casino set table limits to foolproof their business

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Next, consider how casino set table limits to foolproof their business. This is an indirect way of saying, “to make their games unbeatable.” For small tables, it is not neccesary for casino to set low table limits. But they do that all the time. The reason is human and management factor especially errors made by new croupers and pit bosses. The crucial part is the high stake table. I have seen a number of times when player requests for super high stake tables were turned down. The casino ask them to play elsewhere. However, I have seen the same casino open ten high stake tables during the festive seasons.

The reason is very simple. A big loss in a single high stake table during the low season can cause the casino to show a net loss at the end of the day. But during festive season, the casino can open ten high stake tables because there are enough players to average out to ensure a net win for the casino. In other words, the casino wants to make sure that a big win by a player is always at the premium of a big loss by another player.

How casino increase their winning by using counter-measures on winners

Finally, you have seen from my post that you can win 100% of your series playing games with negative expectations. This is shocking to many people but not the casinos. The Las Vegas magazine acknowkedges that there are only 200 players in casino list who won this way. Another large casino told me that there are only 20 out of millions in their list who won this way. They are in their list because they win big. I believe there are many more who win this way but they are not in their list because they win small. Unfortunately, the saying is that there is no way to reverse the casino odds by betting systems. I agree but this argument is irrelevant because players win not by reversing the odds but through the mechanism of variance and ‘not encountered.’

Casino knows that players can win through the mechanism of variance and ‘not encountered.’ Casinos also know that they can only win peanuts unless their capital is larger than the whole casino. Casinos are aware that their method of play is not scalable. If you attempt to scale, the variance inherent in the game of chance will invariably bust your bankroll. So, the casino use counter-measures to get you to make your own mistakes. According to the casino, their counter-measures are very effective and work almost 100% of the time.

If winning becomes too easy like counting cards in blackjack, casino will change their rules.

In conclusion, all casino games are unbeatable but casino rules especially those of big casinos allow professionals to win long term at the premium of those who lost.

KEYPOINTS

1. Professional gamblers can win long term irrespective of whether the casino games have negative or positive mathematical expectations.

2. Casino consider that all their games are unbeatable but acknowledges that professional gamblers can win long term.

3. If winning becomes too easy, casinos will change their rules.

are casino games beatable

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