Once again I set out in the middle of the night to drive to
Las Vegas for
a six-day blackjack trip. Since my last trip resulted in a $1,000 loss due to
our team taking a dive, I was left with a $2k bankroll. Financially this was
where I started two years ago, and it’s been up and down ever since. My last
investor, who had put up $5k to complement my own $3k investment, had changed
jobs and moved to another city. Since he had also suffered some stock market losses,
he was forced to withdraw from our partnership this past spring. Since then
I had suffered three straight losing trips, mostly due to the misfortunes of
the teams I had joined. In two of those three trips, my personal totals had
been positive, that is, I had won money; but I had to bail out the losing team
members. So I had returned from my trips with less money than I had started
with, even though I had personally come out ahead.
This time there was no team. I was on my own,
with my own money. So it was back to square
one. With only $2k, I had to accept a bigger risk while maintaining a decent win
rate. This meant employing a $10 unit with a $10 to $60 bet spread, playing only
the best single- and double-deck games. According to Auston's Blackjack Risk Manager 2000, my win rate
should be nearly two units―$18.50 per 100 hands, but with a huge lifetime
risk of ruin of over 33%. Since the software computed that I’d have to play nearly
14,000 hands before my expectation was to double the bank, and that the number
of hands required to overcome one standard deviation was over 25,000, I was going
to need some short-term luck. At four hours of play per day, over six days, my
expectation over twenty-four hours of blackjack was to win $444.
After driving to Vegas in just over
three-and-a-half hours, averaging ninety-five m.p.h., I checked in to my mid-Strip
hotel (six nights comped) and unpacked. I always leave a cash deposit for phone
calls and room service rather than a credit card. I had heard of card counters
being rousted out of their hotel room in the middle of the night and their Visa
cards charged for what was supposed to be a comped stay. This way, all they
could possibly squeeze out of me was the $50 cash deposit.
I played my first session at my hotel’s
double-deck game. I got lousy 60% pen from all three dealers and lost $225 for
an inauspicious start. After a night’s sleep, I played the same table, this
time winning $365 in just over an hour. Now I'm up $140—so far, so good.
I ran into Fezzik and Midnight Cowboy
at the Gambler’s Book Shop. The Cowboy bought me a beginner’s book on sports
betting, which is his and Fezzik’s area of expertise. These guys have trouble
getting their bets down, as a few sports books won’t even take their action.
That’s how good they are. I learned that card counters aren’t the only ones
who get barred from play. They were scheduled to leave Las Vegas yesterday, but
because of the terrorist attacks they couldn’t get a flight home. Like many
others, they were stranded in town.
Because of those recent tragedies,
I almost had to cancel this trip. The gal who was supposed to cover for me at
work had a brother who worked in the World Trade
Center. She had not heard
from him since the day of the attacks, and was emotionally wrung out. However,
she spoke to me shortly before the trip and told me to go, since she needed
to work to occupy her mind during this uncertain time. After I returned home
I learned she still had not heard from him.
Still, I was glad I was able to go.
I think it’s important for Americans to maintain their lives as before and not
give the terrorists the satisfaction of knowing they made us change our ways.
Las Vegas was less crowded than I’d ever seen.
In fact, it was deserted. I had my choice of tables to open for heads-up games.
Minimums were lower all over the Strip. The locals’ casinos, like Terrible’s
and the Stations properties were busy but the major Strip hotels were dead.
The main Treasure Island double-deck pit had
$5 minimum signs. This was the first time I’d ever seen it that low.
Rarely did any ploppies sit down to
clutter up my game. I would have almost welcomed the company at that point,
but playing alone is still the best scenario for a counter. You get more speed,
which means more hands per hour to let your small 1% to 2% advantage manifest
itself more quickly. However I prefer to have one, and only one, other player
at my table to eat negative cards for me while I go to the bathroom or answer
a fake cell phone call. As you know, if you have to use your phone, you must
step away from the table. Some places won’t let you back into the game until
the shuffle, which is usually fine with me. Once the decks are negative enough
to justify a wong-out, they rarely revert back to a plus count before the shuffle.
After a nap, a shower and dinner,
I tried the single-decker heads-up at Silverton but the dealer would deal only
four rounds to me, then shuffle. I switched to playing two hands to see what
would happen, but he dealt only three rounds. Try as I might, I couldn’t get
him to budge on the penetration. After forty-five minutes of banging my head
against this brick wall, I had lost $50, but my two suited blackjacks had won
me a couple of free car wash coupons. The car wash is open twenty-four hours
so I used one of the coupons and drove my newly washed car back up the Strip.
At 11 p.m. there was very little traffic for a Friday
night. Something else was different too. Suddenly I realized all the hotel lights
were turned off, except for the Jumbotron screens, which were showing American
flags and patriotic messages. Then I remembered. This was the “Day of Remembrance”
for the victims of the September 11th attacks. Still it was eerie to see the
Strip without lights.
During another session at my hotel,
I was in for $225 but rallied to get my losses back plus a small $210 win. Now
up $460 for the trip, I checked out the six-deck shoes at one of the Strip hotels
to see if I could track the cutoffs. This was the same place The Grifter had
taken me for this purpose several months ago. I walked around observing the
shuffle procedure for a while and discovered that maybe only one out of three
dealers did the proper house procedure. I finally got my courage up and sat
at a $5 table, counting through two shoes before I caught a minus nine count
at the shuffle. I visually followed the 1.5 deck cutoff during the shuffle procedure.
The minus nine cutoffs got married to another 1.5 decks worth of discards whose
average count was plus three, resulting in a three deck block with a minus six
running count. Since the rich three decks were on the top, I cut a thin half-deck
from the back, and then counted through it as it was dealt. Once that first
half-deck was depleted, I added the plus six to my running count and, dividing
now by three decks to get my true count, I essentially played a “three deck
shoe with 100% penetration.”
I was totally elated when the tens
and aces started spilling out of the shoe right on cue. However, I bet big into
the shoe for far too long and wound up getting “stiffed” way too often. I lost
$260 at this session, but learned something valuable. Cut off tracking is a
powerful tool, but it has to be very precise and done exactly right or you can
really get killed.
Next morning, after a ninety-minute
break-even session at Treasure Island (actually
I won $25), I spent the day at my best friend Stu’s house. Later I took a nap,
showered and headed for the Rat Pack dinner. It was a smaller than usual gathering
as some of the would-be attendees couldn’t get flights into Las Vegas. The attendees
included Fezzik, Midnight Cowboy, Parker, Packrat, Old School, Becksam, Northwest,
Bad Cutter and Splittin’ 10’s (aka Divebomber).
Fezzik queried us about where he could
rent a safe deposit box indefinitely with twenty-four hour access. Bad Cutter,
who lives in Vegas, told him some likely prospects. Fezzik added that he’d considered
getting several bowling lockers around town, since he would have easy access
to his funds any hour of the day or night, with no security worries. After all,
who would break into a bowling locker? Northwest told of his encounters with
Stumpy, the head surveillance guy for the Stations casinos. Parker had good
current info on the San Diego area Indian casinos. Bad Cutter told
of his losing streak in the last day and a half where he dropped over $4k. And
Splittin’ 10’s gave disguise tips and told of his encounter with FBI agents
who had recently discovered his sizeable blackjack bankroll at the airport.
As Parker noted, the smaller gathering was relaxed and informal, almost like
a family dinner. Everyone said it was a wonderful affair and we’re going to
do it again really soon.
From here, Packrat and I started hitting
and running. We started at Palace Station, where I was in for a few hundred
before switching tables to win it all back plus $150. Packrat won $130. He uses
the same small red spread that I do. Then we went to the Riviera lounge to see the Lon Bronson band with his Tower of Power style horn section. Before their
set, we played one of the Riv’s few remaining double-deck tables. I won another
$200, then after the lounge act we played another session. This time I won another
$100. Packrat was scoring small but consistent wins too. Our sessions were like
fifteen or twenty minutes as we locked up small wins and kept moving. Next was
Treasure Island, where we played until the
end of swing shift. I won $340 here to push my trip total up to $1,015. After
a comped late night snack in the coffee shop, we called it a night.
Next morning I woke up late and after
getting myself together, I headed for Terrible’s. They recently discontinued
the late surrender option on their double-deckers, but the 75% pen I got more
than made up for it. For a card counter, deep penetration is always more important
than good rules, although we’d like to have both, if possible. I played for
an hour with two others, winning $285 and a breakfast comp. I wasn’t expecting
much from the coffee shop, but they surprised me. The steak was good, the fruit
was fresh, the eggs were cooked just right, plus their own brand of steak sauce
was excellent. This is one coffee shop I’d visit again.
I was now up $1,300 for the trip.
I spent the day with Packrat at the sandy beach at Mandalay Bay.
The wave pool was awesome. It’s a huge pool—more like a small lake—that generates
a two-foot swell about once a minute. Everyone scrambles to get into position
then swims like mad to catch the wave. The ride is short but satisfying enough.
It definitely gives the feel of bodysurfing, then deposits the riders, like
so many beached whales, onto a concave landing platform with a plastic-composite
bottom.
We also swam in the Lazy River,
which is a circular channel pool in which the current sweeps you around the
circuit. Many folks had rented inner tubes, which is the way to go here. We
took a few laps around, ducking under the waterfall as we traversed. For my
money, Mandalay Bay
has the best pool area in Las Vegas,
better than Mirage, Bellagio, Flamingo, Tropicana or any others you could name.
On the way out I checked out the new double-deckers
that Mandalay
Bay had installed. All
four tables were $25 minimum on this late afternoon. One table had two players
who looked like they were doing all right, so I decided to chance it and join
them, even though my small bankroll couldn’t really support $25 minimum tables.
Probably the fact that they offer late surrender helped me decide to play. To
play right with green chips means you have to be willing to risk at least forty
quarter units ($1,000) in a session. I played very conservatively for forty-five
minutes, winning $300. I think my top bet was $100. You can’t play double-deck
games with a 1 to 4 spread and expect to win long term. It’s too small. According
to the conventional wisdom, a 1 to 6 or 1 to 8 spread is the ideal compromise
between optimizing the win rate and keeping the variance to a minimum. It’s
the perfect balance of risk vs. reward.
Dinner at Trilussa, the Italian restaurant at
Casino Royale, was delicious. This restaurant space has since been converted
into an Outback Steakhouse, but whichever name it goes by, there’s always a
great window view of the Mirage fountains and volcano. I had the scampi appetizer
and a steak and salmon main course while reading the What’s On magazine, searching in vain for my kind of lounge
act. I had been trying to see Sam Butera for months, but he wasn’t playing at
present. Sam is the last active member of the old Louis Prima outfit. I was
also interested in seeing the new Frank & Friends—Our Way,
which is a Rat Pack tribute at the Tropicana lounge. I found out it would be
dark for two weeks but that it would be playing again during my next trip.
I hooked up with Packrat again and we walked
to Treasure Island where each of us table-hopped
until he won $200 and I won $150. At this point he was up $500 for the day and
I was up $850 for the day and $1,850 for the trip.
Then we walked through Mirage. There were several
$25 double-deck tables. After a brief conference, we decided to play, even though
our red bankrolls couldn’t really support a true 1 to 6 or 1 to 8 green spread
unless we got hot right off the bat. As a result, both of us bet scared. I think
my highest bet was only $75 in a choppy, back and forth game. Packrat won another
$200 and quit early, happy with his small win. I lost $200, my first losing
session in the last ten. Realizing my mistake, I vowed to play within my bankroll
limits from then on. I guess I was out of the habit of betting green, and was
reluctant to risk my hard-won $1.8k at these higher stakes. As a result, I had
shortchanged myself by betting scared money, which is a sure way to lose.
The next morning I started with another losing
session (-$350) at my hotel’s two-deck game. I had a bagel and lox breakfast
at Treasure Island, and then joined Packrat at the Mandalay Bay wave pool again. Now up only $1,300
for the trip, I spent the day bodysurfing and soaking up rays. Packrat told
me that last night after we parted, he tried to talk the grave supervisor at
the Mandalay double-deck pit
into letting him play $25 stakes at a $100 minimum table. He had asked because
all four tables were empty, but the pit-stiff refused. Apparently the pit staff
there is not as enlightened as those at the former Wynn resorts, who will usually
let you play lower than the posted minimum in order to get the table action
started. I told the Packrat he could have had a whole new career as a shill.
I had a brief visit from Jack H, a former teammate.
We played a double-deck table together at my hotel with Jack anchoring the table
at third base. He won $170 and I lost $200 for my third loss in a row. Now I
was a bit worried. Was my positive run over? Is it all downhill from here? I
briefly considered, and then rejected the notion to drive home a day early,
preserving the $1,100 win. That “run out the clock” mentality is always distasteful
to me. Though I had at first resolved to play conservatively from here on out
to sit on my winnings, I changed my mind and decided to play it out, take my
chances, and let the chips fall where they may. After all, the more hours I
play, the more money I should make.
Checking out the tables at Terrible’s, I saw
that they were all full. That was indicative of the same thing I noticed during
the entire trip. The locals’ casinos were packed though not as much as usual.
Only the major Strip resorts were ghost towns. I still couldn’t get my mind
around how lucky I was to have these uncrowded conditions, despite being only
able to play a red spread. Had I started with $8 to $10k bankroll, I would have
been playing a $25 unit with a true green spread and would have won $5k easily.
At midnight I drove back to Treasure
Island. I bought in for $200 and played a ninety-minute session,
mostly heads-up, then one other player joined. This was my best session of the
trip. No matter what hand I was dealt, I’d hit it and prevail, or the dealer
would bust. I started with bets of $10, $15 and $20 while the pit ignored me.
Once I started winning, my neutral bets went up to $25 and $30. The floorman
then asked for my player’s card again, which I cheerfully handed over. This
event caused me a bit of concern, but then I realized he was just upgrading
my rating. I colored out with my first $1,000 chip of the trip, plus a few extra
greenies. I had won $875 net, with my highest bet at $80. I took out the $75
for expenses, and called it an $800 win which brought my trip total back to
its highest point at plus $1,900.
Later, Packrat and I caught the Bellagio pit
as they were changing from swing to grave personnel. The swing manager told
us to carry our request to play $10 minimum at a $25 double-deck table to the
incoming grave boss. The grave boss said, “Okay,” then added, “You’re not counting
cards, are you?” which took me aback. I finally said something about being hardly
able to “count” my hand up to twenty-one, but I was impressed. They’re a sharp
lot of oscars at Bellagio.
So at 3 a.m. Packrat and I had a $10 Bellagio pitch game
to ourselves. We seesawed back and forth but this game seemed much tougher than
the Treasure Island double-decker. As we hit
and busted stiff after stiff, my memory drifted back to when the Bellagio first
opened in late 1998 and I had consistently good success playing here. But then,
in my last six or eight times in this pit, I had a much harder time winning.
Anyway, I rallied back from almost $300 down to lose only $100 while Packrat
lost $250. He was still up around $1,400 for the trip though, while I was still
sitting on a $1,800 lead.
My last morning in LV, I played the double-decker
at my hotel. I had been avoiding day shift because of a certain pit boss who
in the past, had gone through the discards on me and once instructed the dealer
to hide cards. Today he was nowhere to be seen, so I was able to play without
concern. I broke even after ninety minutes. Later on swing, I played another
sixty-minute session and won $300. Turning to Treasure Island, I played with the same dealer as last night
when I had won the $800. This time it was tougher. I finally concluded what
was to be my last blackjack session of the trip with a $50 win after being in
for $250 and finally winning it back.
I could kick myself for getting sleepy and turning
in on my last night in Las Vegas.
After all, it was only 2 a.m. and I was sure I would never see blackjack
conditions like this again. However, I was yawning and unable to keep my eyes
open. I was up $2,150 for the trip but couldn’t shake the nagging feeling that
I had let Las Vegas
off too easy. I had played nearly twenty-four hours in just over five days,
but felt like kicking myself for not having gone all out, playing eight hours
a day. Also I could have tempted the fates and played perhaps one-third of my
sessions at those good Strip $25 double-deck tables, using a $150 max bet. But
hey, anyone can second-guess himself on Monday morning after the results are
in. I decided to banish the triplets “coulda, shoulda and woulda” from my thoughts
and be satisfied with the trip results. After all, I had more than doubled my
small bankroll in only 2,400 hands, not the 14,000-hand average the software
predicted
According to the Blackjack Risk Manager 2000
software, the chance of this result or better was only 10.8%. My result was
1.235 standard deviations to the right (the good side). The odds of hitting
this trip goal were only 22%, while my adjusted expected value was to make $18.50
per hour for an average trip win of $444 in twenty-four hours of play. So I
had over-bet my bankroll and had gotten very lucky. With only a $2k bankroll,
and following the generally accepted wisdom of having 100 top bets in a blackjack
bankroll, my max bet should have been only $20, not $60.
But aside from over-betting my puny bankroll,
I was making too many other mistakes. Playing $25 tables before I was financially
and emotionally able to do so was not the smartest move. Although it was only
an idle, momentary thought, to even briefly consider cutting the trip short
a day early was not indicative of the way a real advantage player should think.
Another mistake was allowing my top bet to climb to $80 in that last Treasure
Island session. Plus I also have to stop fixating so closely on
short-term results, and start thinking more in the long-term.
Despite all that, it was a good win and I’ll take it. I might
have won more by being more aggressive and taking better advantage of the unusual
conditions, but things could have gone wrong just as easily. If I could double
my bankroll every time out, I’d quit my job and play blackjack full time. So,
for now I’ll be quite satisfied with the win. We’ll see what happens next time.
| Starting
Bankroll |
$2,000 |
|
Ending
Bankroll |
$4,150 |
|
Net
Win/Loss |
+$2,150 |
home | order
book