News item from the Chicago Suntimes
[I]After the NBA All-Star Game Michael Jordan went to Atlantic City where, says the Philadelphia Daily News, he lost $900,000 playing blackjack. Jordan was said to be playing three hands at a time and betting $5,000 per hand. ...
Hopefully he got a good loss rebate. If he would learn to count...spread say 1-3 so that he plays an even game coupled with say a 15% rebate on his losses he'd have a nice edge over the casino.
At least he can take comfort knowing AOL lost 100,000 times that much last year.
.. and you'll see why most celebrities don't bother counting. There's literally nothing to win for them.
Now as for not learning proper basic strategy, well, there's no excuse.
I'm beginning to think ol' MJ has the right tipping strategy, IE $0, based on his nickname of "Hoardin' Jordan" and his friend "No-tippin' Pippin."
M.
With his wealth, even making ploppy plays he's probably playing at a 2% Risk of Ruin. :-)
Buick
> With his wealth, even making ploppy plays
> he's probably playing at a 2% Risk of Ruin.
> :-)
> Buick
like jordan wouldnt learn to count.i know he doesnt need the money but i would think it would be a high for him to beat the casinos and get comped.from what i heard on tv,he like to win at everything.why would bj be any different.
> like jordan wouldnt learn to count.i know he
> doesnt need the money but i would think it
> would be a high for him to beat the casinos
> and get comped.from what i heard on tv,he
> like to win at everything.why would bj be
> any different.
If he was betting $5K on each of three hands to that large a loss, he has a gambling problem. It's one thing for Larry Flynt to carry on in this manner. He has to live in a wheelchair. But Jordan? People with gambling problems can read every BJ book written and learn every strategy developed. But when they are on the wrong side of the curve, most likely they will just start betting as high as they can in frustration. I don't want to psychoanalyze anyone from afar; but many people with gambling problems also subconsciously want to lose. I had a friend that papered his office with old markers - many in the tens of thousands.
From what i've heard, not just from this incident, MJ's a big time problem gambler. Any game at all he plays he seems to lose at. Or Maybe he's just that counter at -3 standard Deviations to make up for me being at +3... lol.
But this isn't the first story about MJ's gambling i've heard. Must be tough.
Do you happen to know which casino in AC he was at?
> News item from the Chicago Suntimes
> After the NBA All-Star Game Michael Jordan
> went to Atlantic City where, says the
> Philadelphia Daily News, he lost $900,000
> playing blackjack. Jordan was said to be
> playing three hands at a time and betting
> $5,000 per hand. ...
> Do you happen to know which casino in AC he
> was at?
No idea. You know as much as I do.
Don't know about AC, but he was often spotted at the Horseshoe in Tunica when the Wizards had to play in Memphis.
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