KD in CA Posted March 14, 2005 Share Posted March 14, 2005 Bingo, and just to confirm it is not illegal to count cards. However, it used to be punishable offence, but not in the eyes of the law, but rather at the hands of Paully Walnuts, if ya know what I mean. 273934[/snapback] You can have the money and the hammer, or you can just walk outta here. What's it gonna be? Link to comment Share on other sites More sharing options...
The Avenger Posted March 14, 2005 Share Posted March 14, 2005 Casinos do not kick people out because the system operators are taking them to the cleaners. Casinos kick these people out because they are taking money from the other rubes who play the game and no casino wants to develop a rep as a place where card counters can easily take the rubes because then the rubes would tend to avoid that casino in large enough numbers that it would impact the casinos take. The casino does not make money by knowing the odds and beating the player. The casino makes beaucoup bucks by having lots of folks place bet and skimming a percentage of the money which changes hands off for heir services. For example, take an example that most people are familar with, The World Series of Poker. The casinos do not care at all who wins or whether folks play well or not. They have already made tons of dollars by having thousands of people pay $10,000 bucks to enter and then they skim whatever percentage of this pool for themselves off the top and redistribute the majority of these funds to the winners. The players are not competing against the casino, they are competing against each other and the casino is taking a hefty cut for providing a venue for this activity. Likewise with football betting. The lines are set not to judge which team is better, but to attract betters so that as close as possible to 50% bet on each team. In most cases, a team is judged to be signficantly better so you have to give the team judged the lesser a point advanatage to achieve the 50% breakdown and attract even more betters to the opportunity and thus have more money flow through the casino for them to skim their cut. The only way they can get hurt is if their line is so bad it does not attract near the same numbers to each bet, the larger number of betters win and even then the amount would need to exceed the casinos cut for handling the transaction in order for them to lose money. Casinos are businesses and they do not gamble. They take their cash off the top and let you gamble. They make a show of keeping the folks who win with a system which the rubes cannot use out of the casino so you will come spend your money, but could not care less that someone is taking rubes to the cleaners as long as the rubes keep coming. 273863[/snapback] Blackjack isn't a good comparison to poker or sports betting. In blackjack the house makes money on the odds being better for the house. In poker the house makes money by skimming the pot. In sports betting they make money via the vig. Poker and sports betting make money by the volume of bets placed, blackjack is based on the odds. Link to comment Share on other sites More sharing options...
Recommended Posts