Posts tagged Professional
Betfair Strategies of Professional Gamblers on Betfair
Jun 29th
Like chasing the golden pot at the end of the rainbow, being a professional sports bettor was traditionally extremely difficult. Without resorting to match fixing or making use of insider information, it was near impossible to beat the bookies over-round. But the world has changed and now it is the bookies who are a dying breed. Betfair revolutionized the sports betting business. By creating an exchange where players could lay and back against each other, the over-round disappeared. For most, it simply means getting a better price for your sports betting entertainment. You will win more on Betfair and even get the opportunity to lay. But for the more ambitious, there are betfair strategies that have opened up new opportunities for aspiring professional gamblers.
Like all markets, the Betfair market is susceptible to mispricing. Markets are volatile since the humans involved are themselves fickle and volatile creatures. Yet this opens up the first opportunity, the betfair value betting strategy. That is, by laying and backing events at prices which offer value, you can create positive expected value. That positive expected value turns into real profits over the long run.
The other path is through arbitraging or trading the market. Basically, arbers exploit the price differences between betfair odds and the odds offered by other bookmakers. In this way, you can lay and back on the same event to create a guaranteed profit. Betfair trading is possible within just the Betfair market, where you are exploiting price movements across time to create a guaranteed profit on an event.
While there is a new class of gamblers making a professional living just by gambling on Betfair, it is by no means easy. It requires a lot of work. It will take time to perfect your Betfair trading strategy and constantly reviewing your work. But for those capable, it is a great way to make an independent living.
Good Luck to those who make it!
For more in depth guides on gambling strategies, visit the GamblersHandbook.net
The Professional Casino Gambler
May 18th
The professional casino gambler can walk into a casino and everybody knows he is there. He is flamboyant in his own right but not too obvious and he doesn’t seem to notice.
The person I am describing here has been bless with more luck than any punter has ever experienced or deserves. He usually heads to the craps table but he never touches the dice himself. If the table is quiet when he arrives, his cry of “Let’s get this party started” will certainly lighten the mood and whip everyone into a frenzy.
His every twitch, hand gesture and movement is watched by the casino. When he plays the sportsbook, he can literally move lines. This is because he will pack a million dollars into seven or eight briefcases and send his friends scurrying throughout Las Vegas to place the wagers. Vegas knows it, the casinos know it but he is still able to spread his money all over town unchallenged.
The hosts love the professional gambler and if he is in full “gambling mode” they will gladly send a plane to pick him up half way across the country or even half way across the world. He is the big fish that attracts interest from other gamblers and when he plays, he will cost a casino hundreds of thousands of dollars and possibly even more than that.
In ten years of knowing this man, I have only seen him lose once. I am sure he has lost more than that but I witnessed it once in spectacular fashion. While most normal gamblers would be reaching for a noose at the prospect of losing so much money in such a short space of time, he, on the other hand, did not seem too concerned as he boarded the plane home.
He just patted his wife on the back and said with a knowing smile: “this time I can’t buy you that oceanfront mansion, but next time baby, you’ll have it”.
I met his wife that day and she revealed to me the sting in the tail. You see, there is never a “next time” with the professional gambler, only a much larger bet or investment. He has never stopped to reap and enjoy the rewards of a mammoth win. Further bets just get bigger and the promises more lucrative but ultimately more distant.
That is the life of the true Gambling Man.
David Walker runs online casinos UK and free bets websites. A free email course: “Seven Days to Better Betting” is available at both of these websites.
Casino Games – How Professional Blackjack Started
May 14th
There are a lot of myths about gamblers who as if were playing professionally before publication of the basic strategy for one-pack game by Americans Cantey, McDermott, Maisel and Baldwin in1958. But all that was before them still remains a legend. The four statisticians performed their calculations just with the help of hand calculator. However it was their publication in the American Journal of the American Statistical Association causing much excitement among both gamblers and statisticians, and blackjack was considered a game a common player might probably win. Encouraged by popularity of the article in the magazine, copied and learnt by heart by many players, the originators published a book “Winning Blackjack”. Nowadays this book is a scarce edition and it enriches the home library of many professional gamblers.
In 1962 Edward Thorp this time using computer technologies calculate and published in his book Beat The Dealer not only the basic strategy of playing but also card counting. Thorp states that blackjack differs from roulette, craps and other games of luck, the result of every hand in blackjack depends on the previous dealing – it really matters which cards drew back form the game and which remained in the pack. Most of the stuff calculated by Thorp is still precise, but all the serious modern gamblers should read this book only for historical interest.
Thorp’s system called “10 count system” was meant for one pack game which enjoyed great success in all casinos of Nevada. It was extremely difficult for learning, so most of the gamblers gave it up. However, Nevada’s casinos restricted some rules, for example, doubling down only on 11 points. The media told the whole world about it, and Thorp with his book became known all over the world and the casinos that showed themselves to disadvantage had to return former rules. Realizing that under such circumstances crowds card counters would be trying to beat the house, operators of gambling houses introduced two procedures – shuffling after withdrawal of the trim card and multi-packed games.
Thorp’s systems was very difficult to use in practice. But for the computer conference in Las Vegas in 1963, the game would remain on the same level. On a whim, the conference organizers decided to include a Panel Session on “Using Computers in Games of Chance and Skill.” It was just a whim of the organizers to include a section “Using computers in games of chance and skill”. Thorp was designated as Chairman of the Panel and experts on the various casino games, including blackjack, roulette and baccarat. The room filled up and overflowed with computer gamblers. Hundreds of conference attendees were pushing and shoving to get into the room.
The crowd, of course, had been drawn by Thorp. They were expecting revelations on the game and anticipated using his imparted wisdom immediately following the session to make a killing at the blackjack tables.
After one or two more presentations that mainly corrected and modified Thorp’s system, Harvey Dubner was introduced. He described the approach. Dubner kept a count of remaining high cards (10,J,Q,K,A) and low cards (2,3,4,5,6) as the cards were played and divided its difference by total cards left to play. He called the result the High-Low Ratio. His presentation was enthusiastically received by the standing room only crowd and he was given a round of applause at its conclusion. Here at last, many were saying, is a system that is practical, that can actually be used in the real world of casino play. Thorp incorporated “high-low” system into the second edition of Beat the Dealer published in 1966 and since then over 100 professional books on blackjack, team games, hidden computers, shuffle tracking and sleepless nights for casino securities all over the world.
Arthur Prudent is the developer of No deposit casino bonus codes , web site covering gambling news, features reviews on Casinos, Poker rooms, bingos, Sports Betting bonuses promotions and more. Casino games. How professional blackjack started.
Play Professional Blackjack – Win Big Consistently With These Simple Tips!
Apr 14th
Playing professional blackjack playing is something all players can do and you to can win big consistently if you know how to play and have a set plan.
Unlike poker, you don’t have to complete with other players, just the dealer and there are scientific methods to help you win that are proven to work longer term.
All you have to do to play professional blackjack is follow some simple tips ( some of them obvious and some not so obvious ) and you will be making big money quickly and consistently, even if you have never played before, so here they are:
Professional blackjack what does it mean?
Playing Professional blackjack, means you are not playing for entertainment, you’re playing to win.
If you have fun as a by product all well and good, but your overriding aim is to win money and increase your bankroll.
Professional blackjack have a plan
Being a professional means taking it seriously and having a plan.
This plan is your blueprint to win and must be followed rigidly, to take you to your goal.
Here are some tips on getting a plan and implementing it with discipline, for a bigger bankroll longer term.
Basics
Some basics are obvious, like learning the rules, basic strategy and card counting.
Once you have learned and digested this material you have an edge over the casino and its now time to implement your plan with discipline.
The most important point DISCIPLINE
To play professional blackjack you must implement your plan with discipline and this means:
No emotions coming into play, no breaking from the plan, or deviating from the plan when you think you are lucky.
You must rigidly adhere to your plan and only adjust bet size as your bankroll allows you to step up another level i.e never chase loses.
This is much more difficult than it seems when emotions are on the line and money is very emotional subject. We all get frustrated, elated, depressed or happy, depending on if we are winning or losing.
Professional blackjack players focus on the long term and ignore short term fluctuations.
The odds are in your favour long term and short term swings in bankroll are inevitable
Play with sufficient bankroll
Play with enough money that you can lose over several hundred hands you need staying power so keep this in mind when setting bankroll
Play only in casinos with favourable rules
There are many casinos that offer more favourable rules than others, so play in ones that give you the best edge.
Don’t put the odds against you by playing with rules that give the casino a bigger edge over you than it needs to have.
Keep in mind some casinos can hold an edge due to these rules and no matter how good your plan is you won’t win! This point is very important, so pick the casino you are going to play in carefully.
A word about card counting
One of the most important parts of being a professional blackjack player is knowing how to card count, therefore picking a good solid system is vitally important.
Our advice is choose a system you are comfortable with and this does not necessarily mean a complicated one.
A simple one, executed with no errors is better than a complicated one where you make errors.
Finally there is no link between how complicated a system is and how successful it is!
Spend some time picking a card counting system and make sure you test it in a dry run with no money to instil confidence.
So follow the above points and you will make money at blackjack longer term.
Some of the points are expanded upon in our other articles as there is limited space here.
More FREE informstion
On playing professional blackjack is available on our website as well as tips and strategies for all major casino games including: features, articles, downloads and free reports visit: