My friend got an inheritance and wants to start a team. suggestions?

**silkyjohnson** · 01-28-2012, 12:41 PM

He got 250k. Knowing him, he will end up doing something crazy with this money. We both know a little about basic strategy and I know a lot of the history of card counting and the whole M.I.T team and I watched the documentary about them and their business. I also started practicing about a year ago and then gave up when i realized you need a good bank roll to do this right.

We live in central coast of california. I think 7 hours from vegas. There actually happens to be a chumash casino within minutes of where we live.

With such a big bank roll we want to go about this perfectly. I have a feeling a lot of you would tell him to invest his money other ways but I know this guy and he is just going to go crazy with his money and he really likes the idea of creating a wining black jack team.

**AussiePlayer** · 01-28-2012, 03:17 PM

Study, study, study, before you even put a single dollar on the tables. Start here http://qfit.com/book/index.htm

**Norm** · 01-28-2012, 03:29 PM

Actually, it’s interesting. A disadvantage of most new players is a lack of bankroll. It is very difficult to win without an adequate bank. On the other hand, a small bankroll has the advantage of only being able to lose a small bankroll. A large bankroll without experience and knowledge is a very dangerous combination.

As AussiePlayer says, you need to study. Until then, put the funds in a safe, reasonably liquid investment.

**silkyjohnson** · 01-28-2012, 03:59 PM

Originally Posted by Norm

Actually, it’s interesting. A disadvantage of most new players is a lack of bankroll. It is very difficult to win without an adequate bank. On the other hand, a small bankroll has the advantage of only being able to lose a small bankroll. A large bankroll without experience and knowledge is a very dangerous combination.

As AussiePlayer says, you need to study. Until then, put the funds in a safe, reasonably liquid investment.

What I want to accomplish by this post is finding out what we are up against. Right now my only reliable source of information would be black jack info's black jack school. But from reading around on the forums it seems there is more info that will be needed.

What we want to do is be able to master the game in our home playing with fake money so that when time comes we know exactly what we are doing. My biggest concern with this strategy though is that strategy changes according to the rules of the game you are playing.

I also dont know what casinos to go to. Would it be ideal to go to vegas?? Or are there some casinos in california that would be better?

**Roswell Crash Survivor** · 01-28-2012, 04:13 PM

Mark my words; pretty soon, Mr. Dead-Uncle-Inheritance won't give you the time of day. Even if you've been lifelong best friends.

Its rather common, those who receive unearned wealth suddenly see themselves as 'better than my old crowd'. They'll be swarmed by sycophants who are just there for their money, more often there is woman (or women) involved.

Or he will just blow it on non-productive purchases , like a flashy sports car he'll wreck within a month.

Its the same in Memphis, Manilla or Mogadishu. Sudden unearned wealth never lasts.

**silkyjohnson** · 01-28-2012, 05:39 PM

Originally Posted by Roswell Crash Survivor

Mark my words; pretty soon, Mr. Dead-Uncle-Inheritance won't give you the time of day. Even if you've been lifelong best friends.

Its rather common, those who receive unearned wealth suddenly see themselves as 'better than my old crowd'. They'll be swarmed by sycophants who are just there for their money, more often there is woman (or women) involved.

Or he will just blow it on non-productive purchases , like a flashy sports car he'll wreck within a month.

Its the same in Memphis, Manilla or Mogadishu. Sudden unearned wealth never lasts.

definitely dont deny this but i still gotta try. this doesnt happen that often.

**Nick Matteo** · 01-29-2012, 07:54 AM

Silky, instead of starting a team and playing yourselves, have you considered the alternative of funding a team of experienced, knowledgeable players? If you/your friend are insistent on using the money in this manner, that would appear to be the much smarter & safer investment, no?

**G Man** · 01-29-2012, 09:02 AM

What we want to do is be able to master the game in our home playing with fake money so that when time comes we know exactly what we are doing. My biggest concern with this strategy though is that strategy changes according to the rules of the game you are playing.

Forget it!
You don't start in the Blackjack world by forming a team. First you have to learn a lot about the games and the casinos by playing the game (not only at home) in real destinations and get experience. Then, maybe after 5-10 years of hard work you can think about forming and running a team. Reading stories and watching "21" the movie won't get you anywhere.

**Ouchez** · 01-29-2012, 09:44 AM

I would take the OP with a grain of salt and keep a wide berth.

Ouchez

**BJGenius007** · 01-29-2012, 09:49 AM

Originally Posted by silkyjohnson

He got 250k. Knowing him, he will end up doing something crazy with this money. We both know a little about basic strategy and I know a lot of the history of card counting and the whole M.I.T team and I watched the documentary about them and their business. I also started practicing about a year ago and then gave up when i realized you need a good bank roll to do this right.

We live in central coast of california. I think 7 hours from vegas. There actually happens to be a chumash casino within minutes of where we live.

With such a big bank roll we want to go about this perfectly. I have a feeling a lot of you would tell him to invest his money other ways but I know this guy and he is just going to go crazy with his money and he really likes the idea of creating a wining black jack team.

250K is not too much the money. See my report that a kid lost his 2.5 million dollar inheritance in a few hours at a West Virginia casino back in March 2011. The story is #24 and #29 in the thread.

http://www.blackjackinfo.com/bb/show...t=21429&page=3

**silkyjohnson** · 01-29-2012, 10:33 AM

Originally Posted by BJGenius007

250K is not too much the money. See my report that a kid lost his 2.5 million dollar inheritance in a few hours at a West Virginia casino back in July 2010. The story is #24 in the thread.

http://www.blackjackinfo.com/bb/show...t=21429&page=3

kid was obviously an idiot if the story is even true...

**Koz84** · 01-30-2012, 01:47 AM

Hey, silkyjohnson. If you're interested in approaching this seriously then I'd be more than happy to help out and show you the BJ ropes. That's a very serious investment amount and with help and guidance you could go very far. Resources are plentiful and knowledge amongst posters here is second to none. But it's going to take a lot more than a rudimentary knowledge of basic strategy! It seems like you've got slightly more interest/knowledge of BJ than him with your year of learning about counting. What is his skill level and commitment to doing this properly? When someone gets 250k easily they could be inclined just to blow it like the kid in the above post. If you want, send me your email and we can talk about it. Conversely, I could PM you once you get the requisite amount of posts.

**blackjackomaha** · 01-30-2012, 08:22 AM

Silkyjohnson - I echo the sentiment of many of the posters. You are a very long way from realizing your goals of profiting from blackjack; however, with enough practice and studying, you could realize substantial gains. However, proceed with caution. A team might be too much to handle/manage for less-experienced players (IMO, this includes those with less than 3 years AP experience). There are compensation issues, burnout issues, and the biggest - trust issues. It is one thing to have a partnership with another player, but running a team is a job in itself. If you still opt to use team-play, you have a long, difficult, but not unrealistic road ahead of you.

While you/your friend are practicing and learning the ins/outs of AP, I suggest the funds are deposited in a "high-yield account" (if you can find a decent one) at a safe, insured place (bank or credit union). I urge against playing high stakes while you are learning. However, if you must play or want to realize returns related to AP play, networking and PM'ing other AP's is a good way to start. I'm not saying everyone will take you at your word, but you might find some takers that would be willing to 'invest' the BR with their play.