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Fact-Checking an Article on Donald Johnson in CHANCE Magazine

This post concerns significant errors in the article “Examining a Gambler’s Claims: Probabilistic Fact-Checking and Don Johnson’s Extraordinary Blackjack Winning Streak,” written by W.J. Hurley, Jack Brimberg and Richard Kohar [HBK]. This article appeared in the February, 2014 issue of CHANCE magazine, Vol. 27, No. 1, pages 31-37. Two of the authors, Hurley and Brimberg, are professors in the Department of Mathematics and Computer Science at the Royal Military College of Canada.

By
Eliot Jacobson Ph.D.
March 25, 2014

The Second Loss Rebate Theorem

Loss rebate analysis has been a common topic in this blog. There's a good reason: it is one of the top advantage play opportunities worldwide. Exploiting loss rebates is how Don Johnson crushed Atlantic City. Previously, my key theoretical result was when I proved the Loss Rebate Theorem and gave a spread sheet to help work with that theorem.

By
Eliot Jacobson Ph.D.
February 13, 2014

Advanced Card Counting: Blackjack Strategy Deviations

In Blackjack, Basic Strategy is the series of decisions that a player adheres to so that they can incur the minimal loss of funds over time.  It tells the player when the appropriate time to stand, hit, double down, split and if applicable when to surrender (this where the player surrenders half of their initial bet to the casino).  These actions are determined by computer simulation, and decision points become firm at around 400 million hands.  However; in certain situations it becomes necessary to deviate from this strategy to gain maximum profitability over

By
Nicholas Colon
July 18, 2016

What are the Odds?

What Are the Odds?

Every game in a casino is one of probability. While certain bets you make and actions you take are under your control, the outcome is always dictated to some degree by chance. It’s how you weigh these chances by calculating probabilities and wagering accordingly that will determine whether you win or lose in the long run.

By
Christopher Null
September 1, 2015

Ask A Pro: Ask us anything about various casino games

Ever had a casino question you that you have always wanted answered? At 888casino’s blog, you can ask a real-life top casino pro and receive the best answer there is. 
Among the pros you’ll find some top casino writers, including the likes of Henry Tamburin, Frank Scoblete, John Grochewski, to name but a few...
With a shared over 50 years of experience, you can be sure that the casino pros will  give you the best answer you can get. 

By
888 Casino
June 7, 2016

Exploiting Loss Rebates on Single Zero Roulette

Casinos use loss rebates as an incentive to draw high-limit play. The player who wins gets to keep 100% of his winnings. The losing player is given back a certain percentage of his losses as a direct cash rebate. Typical rebates range from 5% up to 20%, depending on the player’s bankroll and average bet. Loss rebates originated as a way to get players to quickly pay off a line of credit, but in recent years have become an expected perk of high-limit play. Many casinos now offer loss rebates on the big four: baccarat, blackjack, craps and roulette.

By
Eliot Jacobson Ph.D.
May 24, 2013