🖐 Meet The Men Who Gambled Away Up To $ Million - a-marker.ru Blog

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These 5 high rollers just didn't know when to stop. One still left a On a happier note, Don Johnson is one whale who bucked the losers trend.


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blackjack high roller don johnson

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Johnson was not some lucky high roller. He was not a party animal who rode good rules to a big profit. In his talk, Johnson smoothly quoted the house edge on​.


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blackjack high roller don johnson

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Don Johnson won nearly $6 million playing blackjack in one night, Dozens of spectators pressed against the glass of the high-roller pit.


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blackjack high roller don johnson

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As a high-roller, Johnson got some concessions regarding odds on payouts and losses. Casinos aren't going to make any concessions for us.


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blackjack high roller don johnson

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The tactic that most sophisticated gamblers and high rollers do. Surely, it might not work with average players, but casino management is usually.


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blackjack high roller don johnson

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Don Johnson (born ) is a professional gambler, blackjack player, and former corporate desperate to entice high rollers. In , Johnson was made offers to play at the highest stakes. He negotiated several changes to standard casino blackjack.


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blackjack high roller don johnson

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After learning the math behind blackjack and how casinos cater to high rollers, Johnson noticed that Atlantic City casinos were getting desperate. In , he.


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blackjack high roller don johnson

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Don Johnson won nearly $6 million playing blackjack in one night, Dozens of spectators pressed against the glass of the high-roller pit.


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Not Don Johnson, a notorious blackjack player and international reveler only to the casinos, where he was a consistently coddled high roller.


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blackjack high roller don johnson

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The tactic that most sophisticated gamblers and high rollers do. Surely, it might not work with average players, but casino management is usually.


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blackjack high roller don johnson

The wagering of card counters assumes a clearly recognizable pattern over time, and Johnson was being watched very carefully. Scanning the cards on the table before him, the player can either stand or keep taking cards in an effort to approach His next two cards, surprisingly, were also both eights, so he split each again. Made famous in books and movies, card counting is considered cheating, at least by casinos. The player still loses. When casinos started getting desperate, Johnson was perfectly poised to take advantage of them. It hurt. He had the money to wager big, he had the skill to win, and he did not have enough of a reputation for the casinos to be wary of him. It was a growth industry. When this happened to Johnson, he knew the ground rules had skewed against him. Almost everyone knows them. Johnson had not played a game at the Borgata in more than a year. The headline in The Press of Atlantic City was enough to gladden the heart of anyone who has ever made a wager or rooted for the underdog:. Johnson was in charge of day-to-day operations, including the betting operation. A session of, say, hands will display wider swings, with steeper winning and losing streaks, than the standard casino charts. But even though he has been around the gambling industry for all of his 49 years, Johnson snuck up on Atlantic City. For Johnson, the game began before he ever set foot in the casino. The software his company employs analyzes more data than an ordinary handicapper will see in a thousand lifetimes, and defines risk to a degree that was impossible just five years ago. At the height of his hour blitz of the Tropicana casino in Atlantic City, New Jersey, last April, he was playing a hand of blackjack nearly every minute. Because the casino values high rollers more than the average customer, it is willing to lessen its edge for them. Dozens of spectators pressed against the glass of the high-roller pit. The first and most obvious suspicion was card counting. In most states but not New Jersey , known practitioners are banned.

D on Johnson finds it hard to remember the exact cards. The marketers present casinos as glamorous playgrounds where workaday worries and things like morality, sobriety, and prudence are on holiday.

Little interferes with his concentration. Johnson says he was once dealt six consecutive aces at the Mohegan Sun casino in Connecticut. But two years ago, Johnson says, the casinos started getting desperate. The way averages work, the larger the sample, the narrower the range of variation.

D espite his pedestrian attireDon Johnson is no average Joe. What gives Johnson his edge is his knowledge of the gaming industry. When you add gaming tables or slots at a fancy new venue like Revel, or like the Borgata, which opened inthe novelty may initially draw crowds, but blackjack high roller don johnson gaming supply without enlarging the number of customers ultimately hurts everyone.

As another skyscraper of chips was pushed into his skyline, he signaled for the next hand. The towers of chips stacked in front of him formed a colorful miniature skyline. Two cards are placed faceup before the player, and two entertainment strategy net blackjack cards, one down, one up, before the dealer.

Nobody gets that lucky. He had been trying to figure out its blackjack game for years but had never been able to win big. Many casinos sell laminated charts in their guest shops that reveal the optimal strategy for any situation the game presents.

The industry pays close attention to high-level players; once a player earns a reputation for winning, the courtship ends. Card counters seek to gain a strong advantage by keeping a mental tally of every card blackjack high roller don johnson, and then adjusting the wager according to the value of the cards that remain in the deck.

With their table-game revenues tanking and the number of whales diminishing, casino marketers began to compete more aggressively for the big spenders. An ordinary guy in a blackjack high roller don johnson cap and black hoodie had struck it rich, had beaten the casinos black-and-blue.

Arrayed on the table before him were the four eights. High rollers are lured with free meals and drinks, free luxury suites, free rides on private jets, and … more. The regimen was so demanding that he eventually had to give it up.

Word spreads when the betting is that big. You play against the house. In his best years as a professional jockey, he was practically skeletal. More useful, for his purposes, is running a smaller number of hands and paying attention to click to see more. A tlantic City did know who Johnson was.

Who could? But the story was even bigger than that. He was the only Atlantic City casino executive who agreed to talk to me about Johnson. Pennsylvania is likely to supplant New Jersey this year as the second-largest gaming state in the nation.

His body quickly assumed blackjack high roller don johnson normal proportions, and he went to work helping manage racetracks, a career that brought him to Philadelphia when he was about He was hired to manage Philadelphia Park, the track that evolved into the Parx casino, in Bensalem, where he lives today.

So it was no longer worth his while to play there.

Hard times do not favor the house. He was neither nervous nor excited. To look at him, over six feet tall and thickly built, you would never guess that he was once a jockey. The goal is to get to 21, or as close to it as possible without going over. For the casino, the art is in telling the skilled whales from the unskilled ones, then discouraging the former and seducing the latter. They negotiate. But he was not considered good enough to discourage or avoid. He was just getting started. How did he do it? The basics of blackjack are simple. Compared with horse racing, the odds in blackjack are fairly straightforward to calculate. But the vast majority of players lose, and the longer they play, the more they lose. Fifteen million dollars in winnings from three different casinos? He had beaten the casinos fair and square. As good as he is at playing cards, he turns out to be even better at playing the casinos. For one thing, he is an extraordinarily skilled blackjack player. The last thing a skilled player wants is a big reputation. Whenever the racily clad cocktail waitress wandered in with a fresh whiskey and Diet Coke, he took it from the tray. It seemed a fantasy come true, the very dream that draws suckers to the gaming tables. All of these gambling houses were already hurting, what with the spread of legalized gambling in surrounding states. Some wear disguises when they play. He is a veteran player. Johnson won all four hands. For most people, though, the newspaper headline told a happy story. About a decade ago, he founded a business that does computer-assisted wagering on horses. By April, combined monthly gaming revenue had been declining on a year-over-year basis for 32 months. He does not just walk into a casino and start playing, which is what roughly 99 percent of customers do. He stood 6 foot 1 and weighed only pounds. When revenues slump, casinos must rely more heavily on their most prized customers, the high rollers who wager huge amounts—tens of thousands or even hundreds of thousands of dollars a hand. He started to learn a lot about gambling. Beyond the usual high-roller perks, the casino might also sweeten the deal by staking the player a significant amount up front, offering thousands of dollars in free chips, just to get the ball rolling. By late , the discounts at some of the strapped Atlantic City casinos began creeping upward, as high as 20 percent. He has served as a state regulator in Oregon, Idaho, Texas, and Wyoming. He worked with a physician to keep weight off, fighting his natural growth rate with thyroid medication that amped up his metabolism and subsisting on vitamin supplements. The tactic requires both great memory and superior math skills. He drew a 10, so the two cards he was showing totaled This was a good bet: since all face cards are worth 10, the deck holds more high cards than low. The new Parx racetrack and casino in Bensalem, Pennsylvania, a gigantic gambling complex, is less than 80 miles away from the Atlantic City boardwalk. When his second hand was dealt a two, he doubled down on that, too. Johnson was on an amazing streak. Caesars had cut him off, he says, and then effectively banned him from its casinos worldwide. The way any discount works, you have to lose a certain amount to capitalize on it.