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Don Johnson 15 mill. BJ Win

Discussion in 'North American Land Based Casinos' started by 4 of a kind, Sep 15, 2011.

    Sep 15, 2011
  1. 4 of a kind

    4 of a kind Repeated violations of forum rule 1.16 - troll

    Occupation:
    Trans. Tech
    Location:
    New York
    Interesting articles at bjinsider web site about how Don Johnson managed to take Atlantic City for 15 million playing B.J.

    At the end of this article I linked below, be certain to click on the additional articles listed at the end of the editors notes:

    the You must register/login in order to see the link.
     
    2 people like this.
  2. Sep 15, 2011
  3. pinkfloyd

    pinkfloyd Experienced Member

    Occupation:
    fisherman
    Location:
    aus
    Don Johnson 15 mill. BJ Win: miami_sonny.jpg,Sep 15, 2011 blackjack genius ? ;-)





    ""Imagine, instead of $100 on a column, you bet the money on a single spot. Your chances are normally one out of 38 to win $3,500 and 37 out of 38 to lose $100. The dollar value of the edge is $3,500 x (1/38) - $100 x (37/38), which again equals -$200/38 or -$5.26 for the house. With 20 percent forgiven on a loss, the formula becomes $3,500 x (1/38) - $80 x (37/38) which gives you a whopping +$14.21 dollar equivalent per spin. If you keep going, the house doesn’t regain the edge on the gross wager until the 99th spin, after which it again begins to approach -4.21 percent.""


    thats a hell of a edge
     
  4. Sep 15, 2011
  5. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Occupation:
    EXECUTIVE
    Location:
    SOMEWHERE IN ASIA
    Just wondering how things would be if they lowered his limit per hand to say $50 000.
     
  6. Sep 15, 2011
  7. Westland Bowl

    Westland Bowl Tin Foil Hat Club Member CAG PABnonaccred

    Occupation:
    not applicable
    Location:
    America

    That is Tropicana's normal maximum bet limit on the $100 minimum limit tables. The maximum bet limit on their $25 blackjack tables is $25,000.
     
  8. Sep 15, 2011
  9. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    My question is, can he do it consistently?

    If not, then its down to what its always down to - luck.
     
  10. Sep 15, 2011
  11. 4 of a kind

    4 of a kind Repeated violations of forum rule 1.16 - troll

    Occupation:
    Trans. Tech
    Location:
    New York
    I also agree that luck was involved as it always is. But according to the math after the special rules he negotiated, the house edge was reduced to 0.253 in the early going. Pretty much a coin flip for the player or the casino. So now the amount of luck needed is reduced to the minimum in the early stages, and should the player have his way early on, the house edge needs long term action to regain the advantage.

    No doubt he could have lost his whole role in ten hands, but lets not forget with these same rules he beat up 3 different casinos for a total of 15 million. I'd be willing to bet now that no casino will be offering their whales this same agreement in the future.

    Regardless of the perks he received, (which no one will ever get again) in the long run the casinos would have prevailed. But at least this incident should be a lesson to gamblers how important it is to achieve perfect play and strategy reducing the house edge as much as possible.

    Slot players throw percentage points around like they mean nothing. Many could care less if the RTP's are set at 99% or 90%, in fact most don't even have a clue what online operator settings even are. The difference between one or two percentage points on a slot machine could make or break them.

    This is why regulating and keeping online operators honest with enforcement at the least lets the players know they lost their money at the right pace in the long run.
     
  12. Sep 15, 2011
  13. DiamondGeezer

    DiamondGeezer Dormant account PABnononaccred2 PABnoaccred PABaccred

    Occupation:
    Antiques Dealer
    Location:
    NOT Pennsylvania!!!
    Don Johnson is a very cool guy.

    Wonder if he had a girl with him? Surely that is the real story here. Do you think he went upstairs with a lovely lady with $15M in his sky rocket?

    Doesn't bear thinking about :(.

    Cool story bro 4OAK :thumbsup:.
     
  14. Sep 15, 2011
  15. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    I wanna know what the dealer ended up with and if he was allowed to keep it :eek2:
     

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