Originally Posted by
Dbs6582
I enjoyed listening to this podcast. My impression was similar to freightman and Moses. It didn't paint a very attractive picture of an AP's lifestyle. It sounded like an awful life, being away from home for extended periods of time, living in awful conditions.
What I was trying to understand is how he made $500,000 the first year, starting with $15,000. I listened to this part a couple times and I have a hard time making the numbers work. First, Joe's bankroll went to about $100,000 and then he went on a 200 hour losing streak that first year where he lost $30,000. This would have taken him down to about $70,000. That means the second part of the year he made $430,000. This is with his aggressive style, where he was backed off about 25% of the time within the first 15 mins. If you can't play, you can't win money.
In chapter 12 in bja3, the best year for the best team member in the computer sim was $285,300. This was Cal in year 3. This was spreading from $300 to $1,600 and backcounting. Joe's second half of the year was much better than this. He must have been several sd above his EV.
i also didn't understand why the pit critters never mentioned bet spread as one of the reasons Joe got backed off. This is usually the main reason a counter is backed off. Also, I didn't see how going from table min to table max was better cover than ramping. This is the very reason a big player is used, to get to table max without the casino knowing what's going on.
Richard munchkin also said several times that he had a hard time believing some of Joe's story. Especially the 700 rounds/hour part. I didn't have a problem with that part, but I can't see how anybody would last long spreading from table min to table max while the pit is watching. Gamblers don't do this. Counters do. If the pit critters saw the chips stacking up in front of a player, he wouldn't stand by round after round letting this happen. Even if the pit critters didn't think someone could count this fast, they'd at least suspect some type of advantage play was going on, especially since this dealer was requested by Joe. That already smells fishy. And then Joe starts winning big money. And the pit critters just sat back and let this happen? It wouldn't happen at the casinos I frequent.
One final comment. I don't know how Colin knew his cover play wasn't working. He said he made $24,000 before he got backed off. How does he know he wouldn't have got backed off earlier without his cover play. This is a theoretical argument and we'll never know who is right. What would have happened had he played without cover? It could be cover kept him alive longer and made him an extra $10,000. The bottom line is bet spread is what got him. This is what gets most counters since casinos know to look for bet spreads. It's hard to disguise that.
Again, I liked the podcast. I just had a hard time making the numbers work. I wish there was more details on this and how he was able to get by with going from table min to table max so often. Even at my local casinos they won't stand for this and they almost never see counters, at least not when I'm around. The ploppies told me a story of someone who came through and did this and that person was backed off immediately and not treated well. The casino made this guy stand around at the cage for hours before they paid him.
Btw, I acted shocked when they told me this story and said I couldn't believe someone was actually counting at our casinos. All the locals said they couldn't believe it either. They all believed the counter was in the wrong and should have been thrown out. I agreed with them. I actually told them I'd never spotted a counter. They then described to me what a counter does. Lol
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