Yes, there ARE a few gambling secrets that can help you beat the casino. In the nine years I worked at the Leelanau Sands Casino near Suttons Bay, Michigan, I saw a lot of hopeful schemes and ideas. Some of them even worked. Here are a couple examples.
Card Counting Secrets
Card counting is a technique for beating the house at the blackjack tables. If the deck is “rich” enough in face cards (10,J,Q,K), the odds tilt slightly in favor of the player. This has been proven statistically. The idea then, is to monitor the cards as they come out, and when the deck has many face cards left in it, bet more. If you bet less when the house has the edge, and more when you do, you can make money in the long run.
This is a simple explanation, and you need to study a good counting book (and practice) to make this work. Your play needs to be precise to really have the edge. One gentleman I dealt to for years would sit at the table for hours, almost always betting the $2 minimum. I watched as he shifted chips from one hand to another, his way of tracking the “plus or minus count.” Then, when the shoe (five decks of cards) happened to be rich enough in face cards, he would suddenly be betting two hands at $20 each.
I am fairly certain that he made money, but not much. Depending on how well you do it, and how many decks are used, you may only get a 1.5% edge on the casino overall. If between your minimum bets and the others you average $8 per hand, and the dealer deals 75 hands per hour, you’ll make about $9 per hour. That assumes you can tolerate alternating losing and winning days and hours of concentration. Betting more brings that hourly rate up, of course, along with the risk of bigger losing days.
For years I watched people foolishly writing down the numbers that came up on the roulette wheel. I say foolishly, because their their theories were mostly nonsense. Most casinos will always welcome these players and even hand them the pen and paper.
There was one player, however, who was actually scientific about it. He found a bias in the wheel, after “charting” it for 5,000 spins. This means he simply wrote down every number that came up during that time.
Once he identified the bias, he made thousands betting on just one or two numbers. When a number comes up (the ball lands in that pocket), it pays 35 to 1. In this case, one of the numbers, because of manufacturing imperfections or whatever, was coming up 1 in 27 spins, instead of the average 1 in 38 spins (There are 38 numbers on most American wheels).
This guy bet $10 a spin, and he profited $90 for every 27 spins of the wheel in the long run (a $350 win minus 26 losing bets of $10 each). When I ran the wheel, I often was doing over 50 spins per hour, so if you can do the math you can see he was doing well. The ups and downs are dramatic though, so this isn’t for the faint-hearted. I watched this player lose $700 some nights, but he later confided that he profited over $80,000 before the casino changed the wheel.
Promotional Gambling Secrets
Learn to figure the odds. Casinos often give the edge away for various promotional reasons. If you know when the odds are in your favor, you can take advantage of these promotions. For example, one man made thousands betting the “money wheel,” which is normally the worst bet in the house. However, in this case the casino was selling $20 in tokens for $10, with no limit on purchases. The man played the tokens once each as required, then repeatedly cashed in the real chips he was paid with, and bought another $20 for $10. When the odds are in your favor, it’s investing, not gambling, and that may be the most important of these gambling secrets.