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Walking with a Vegas Ghost
When
are we gonna get together to do that one-craps-hand-per-casino thing again? They keep me on the Strip, and I wanna know when
youre gonna sign my Immigration and Parole papers so I can play Downtown?
implored Mel. It had been several weeks since
we finished our nostalgic trip down the Strip to re-visit some old
casino memories, as well as take home some new-found
casino profit.
Mels
next day off from the challenges, comforts, and curses of his job as a casino-executive
was two days away, and he was in the mood to put some serious playing time in at the
tables. Im shakin it kind
of rough, I need to get on the other side of the table, man. If assholes could fly, this resort where I work
would be the worlds busiest airport, he added. I was currently staying at the Golden Nugget, and
I thought that was just about as good of a place as any to start. He had another idea. Lets meet at Gaughans Plaza,
then we can make one big circuit of Downtown, without having to back-track, he said,
and I readily agreed.
Being
the polite sort of person that I am, I asked how his wife was when we met up later that
week. Oh, Im in beaucoup
trouble, my friend! Im sitting quietly
reading the LV Review-Journal three nights ago, when she walks up behind me and whacks me
on the head with the rest of the paper that shes rolled up like a big fly-swatter.
"What was that for?" I asked, and she says, "That was for the piece of
paper in your pants pocket with the name MaryLou written on it. I say, What are you talking about, MaryLou
was the name of a horse that I bet on the other day.
"Oh honey, she says, I'm sorry, I should have known there
was a good explanation." Mel continues,
So last night Im watching the ballgame on TV when she walks up and hits me on
the head again. This time she thumps me real
good with three or four closed-fist whacks. When
I shake it off, I ask, "What the hell was that for?" So she says "Your F#%&-ing
horse called for you this afternoon!"
Mel shook his head, and added, Shes a fiery one alright, and jealous as
hell, even though Im more than twice her age.
I just looked down at the menu in the Plaza Diner.
Even though I already knew what I was ordering, I didnt want to make eye
contact with Mel in case I said something that hed regret later.
The
PoundoPig is a long-time special at this restaurant-designers
low-budget idea of a poodle-skirt and bobby-socks 50s-style Malt Shop. A thick slab of ham, hash-browns, eggs, toast,
juice and coffee for the year 2000 price of $2.99 was a decent deal, and I consumed it
happily.
I
asked Mel how Jackie Gaughan got started in the gaming business. Well with some of his army pay after the
war, and with the backing and blessing of his uncle, he bought a tiny interest in the Old
Boulder Club. It was a sawdust joint that
stood where Binions Horseshoe is today. Every place was a saw-dust joint in those days. He was a bit of a business-mans gambler. He grew up as a runner for his uncles bookie
business back in Omaha. By the time he was
eight, he was sprinting from bar to bar with the betting sheets for sports, and then
scurrying back to make the pick-ups for the horse races.
He understood gambling from a very early age, and he was probably one of the best
line-makers by the time he was fifteen years old. Those
boys knew that he had a special talent that was custom-made for this town. By that I mean that he liked the risk-taking, but
he was always seeing it from a business-calculation point of view. It was easy for him when he put a dollar sign at
the end of a question, instead of a question mark! So
hes takes that little share of the Boulder Club, and he leverages it to buy a stake
in the Flamingo. Now remember, Ben Siegel
didnt build this town, he just showed them how to install carpet and valet parking! So Gaughan gets a small piece of the only
carpet-joint in town, then the sports and race book side of the business immediately
booms. This guy understood sports betting and
he understood food, and how to give good food value and good play value. It doesnt matter if you go to Robertas
at the El Cortez, or the Center Stage restaurant under the dome upstairs, you get GOOD
value. And now one of his sons, Micheal, is
carrying on the legacy with his Coast Resorts with places like Barbary and Gold Coast and
Orleans and Suncoast and even the McCarran airport slot concession. Hes as talented as his old man.
I
asked how the Flamingo investment turned out for Gaughan.
Oh, it took him about ten years to get all of his profit out of the
Flamingo, but when he did, he went on a buying and building binge. All the properties in Glitter Gulch as
it was called at the time, were going for rock-bottom prices. So he teams up with Mel Exber, who was a fairly
decent ball player back in the 50s, and they build the Las Vegas Club
together. From there he buys the Cortez and
the Western, then in 71, he gets together with Sam Boyd and builds this place, the
Union Plaza. Now you gotta remember that both
Jackie and Sam cant get any bank financing, so they get an open-payment, no-interest
loan from Union Pacific Railway to build the thing. They
had nothing to lose but their reputations, and for those two guys, that meant more than
any piece of paper.
We
headed for the dice pit, after I left a healthy tip for a decidedly unhealthy meal. I said, I think Jackie has a
cholesterol-machine in the basement where he manufactures the stuff. Mel nodded his head in agreement, as I could feel
the plaque building up in my arteries already.
The
casino shift-manager Big John had kindly supplied the breakfast comp the
previous day when I told him who I was bringing by.
John said to make sure to stop by and say hello, because Mel was the one who
gave him his first job at the Sahara, back when it was called Club Bingo. The reunion of John and Mel had been made all the
sweeter because we were the only two people playing on the craps table that morning.
They
reminisced and traded jokes, while I put together a superb hand. It was one of the very few times that I
didnt count my actual rolls. I was so
wrapped up with the stories, that I was just mechanically tossing the dice, collecting on
bets, and trying to hear every detail of their past exploits. By the end of the hand, we both had grown our
initial $500 dollar slices-of-bread meager buy-in, into two
full and hearty loaves-of-bread that filled two complete
double-rail sections on the table.
Nothing
says, Good Morning to the Mad Professor, better than a $2740 win.
When
I started writing this article, I asked Mel if I could repeat some of those stories. He
said it was okay with him, if it was okay with Big John. Unfortunately when I called, John felt that nearly
every story could compromise his current job, as well as his sheriffs card for
casino licensing purposes. I have consented
not to publish that particular material.
Mel
was in a good mood, and I was pleased that our bankroll got off to such a good start. As I waited for the traffic-light, I thought about
all the talk about muscle-memory where you put your throw on
auto-pilot just like a professional golfer puts his swing on auto-pilot for consistency. Almost all of my tosses at the Plaza had been done
that way, as if by rote, as I listened to Mel and John talk. I made, collected and increased my bets and threw
the dice, all as if time was somehow passing in slow-motion. It was an interesting experience.
Usually
I can get into an almost trance-like zen-style state where I can block everything
out. In this case, I was
taking EVERYTHING in! I was letting
my sub-conscious rule my throws as I listened to the conversation. Interesting stuff that I knew I would give further
consideration to later on, as we stepped into the: GOLDEN GATE CASINO If youve read my
articles, you are aware that I loathe this place for shooting craps. Their land-barge-sized tables are the biggest that
Ive ever seen, and Precision-Shooting is nearly impossible, at least for me. Mel wanted to say hello
to another friend who works the dice-pit here. Since
I wasnt planning to shoot, much less play, I told Mel that the empty table was ALL
his. He gave one of those deep-from-the belly
Hmmrrrphs, and picked up the dice, set them and gave them a dismissive toss. They only made it just past the stickmans
position. A short-roll Point of 9 was
established, and Mel turned to me and said, These tables are L-O-N-G !! I said, Gee, do you REALLY think so
Mel? He changed shooting
positions, and sidled up beside the stickman. To
no one in particular he asked, Are you sure this wasnt a bowling alley before
you turned it into a craps table? A few
tosses later, he repeated his Point then turned to me and whispered, Get in on this
game kid, I think its gonna have some legs.
Mel established a new Point of 10, as I reluctantly and cautiously put up
$30 Place bets on the 6 & 8, with the intention of regressing them down to $12 each
after one hit. But Mel came right back with a
6, and I collected but didnt regress, in the hopes that he actually knew what he was
talking about. Two throws later, he hit
the 6 again, and followed it up with three more payers in a row, so my
Pressing of the 6 & 8 became quite aggressive. I
may not have ever been able to string together anything resembling a good hand here, but
Mel sure seemed to know how to do it. I
watched his rolls. They sure SEEMED random
enough for me. Although he was hitting the
outer edge of the Pass Line with the dice consistently on every throw, they still had more
than two feet to tumble before they hit the wall. Whether
it was random or precision didnt seem to matter to Mel, and for the moment it
didnt really matter to me, either. By this time, his Asian
Pit Manager friend had joined us at the table. He
and Mel were kibitzing so much, that Mel was only tossing the dice about once every three
or four minutes. With just he and I as
players, the pace was v-e-r-y slow, but still enjoyable.
It took the better part of an hour to get in another seventeen tosses. Mel never made his second Point of 10, but we both
reached the $300 table maximum on our 6 & 8 Place bets about halfway through. Mel also asked if I would bet for the dealers,
because he considered it bad-luck for himself to bet for them when he was throwing. He promised to reveal the basis for that
fact, NOT superstition, (his words) later on, and I made a mental note to
remind him.
I
considered Mels hand a happy, but rare anomaly. I intentionally
did not include the revenue made from this session into my Master of All
Well,
Slave to Some article,
because it wasnt generated during one of my own hands. In that article, I chronicle what my own tossing
has produced on some of the most difficult tables, including these, which I have
encountered in ten or so years of Precision-Shooting. When we were going to
color out, his Pit friend asked me if I was going to shoot.
I said I never had any luck at their tables. He offered to buy us breakfast, but still being
full from mass quantities of saturated-fat at the Plaza, we settled for a coffee at their
snack bar called the Bay City Diner. We first
cashed out at the cage, which is precisely three feet and four inches from the craps
table.
Over
coffee, we discussed how one set of tables can frustrate and confound one shooter (ME),
and yield to someone elses luck or skill (MEL).
Mel talked about the history of this casino and the Sal Sagev (Las
Vegas backwards), and how the entire neighborhood was once a bunch of casinos,
bordellos, whiskey joints, and run-down hotels. So
you see, some things DO remain the same! smiled Mel.
I added that I got a real sense of nostalgia when I walked through the GG,
and I could picture how it was during the early 1900s. Of course the old sepia-brown framed photos on the
wall assisted my brain in harking back to that era. We
nodded our appreciation to Mels friend as we exited there, and headed across the way
to the: LAS VEGAS CLUB
I
said, Okay youve had your fun, now its time for me to get a little
somethin somethin of my own going.
If youve read my Making
Adjustments in Craps
and in Life article, then you
know that the thickly-padded green-felt comfort of these tables is something that attracts
me here time and time again.
My
target area for these specific tables is completely different than almost any other craps
table anywhere in the world. Believe me, it
took a substantial investment to find that particular spot.
Fortunately, most of my experimentation was carried out during the weekday
graveyard-shift when the limits were 25 cents to $25.
Still a $1700 investment/loss on a quarter game with 2x odds is a LOT of
experimenting!
Was
the investment worth it? Yes, absolutely. There have been so many times that I maxed out the
$500 table-limit during regular hours since then, that I never regretted the time or
initial cost that I put into it.
During
this session, Mel and I collected about $300 every time it was my turn to shoot. In between hands, Id go for a walk to look
at the baseball memorabilia that they have on display around the place. I wandered into the back expansion area where they
once tried to operate the dice pit. Their
handle dropped by over 90%, so that experiment was VERY short-lived. After another subsequent hand, I made my way
upstairs to where the Upper Deck restaurant was closed, but the view onto Main Street was
un-obscured. I followed that up with one more
decent hand, and started looking to cash-out before I had worn out my welcome AGAIN! My rolling at the LVC is such that the hands
arent very long, but they show an incredible degree of consistency. My roll-average here is actually LOWER than
normal, but nearly every hand contains exactly the same numbers on an eerily consistent
basis. With that in mind, I bet EXACTLY the
same way on each hand here, and I am rarely disappointed.
I dont use this aggressive method of anticipated pay-off
betting at many places, because other than my consistent production of 6 & 8s,
my usual hands take on a distinctly different character each time. Walking down the Freemont Street Experience under the shade of the
canopy on a 110 degree day was actually refreshing. We
made our way past the old: This place has sat
in purgatory since (Steve) Wynn bought it back in the 80s. Since the City wouldnt let him take down
Vegas Vic so that he could expand the Golden Nugget, he sulked and sat on it until he sold
it. Theres been a lot of talk about
several development schemes, but nothings ever come of it.
I think if the re-development of the railways lands behind and beside the
Plaza goes ahead, you may see some resurgence Downtown, but not before, stated Mel. I asked him if the
T-shirt and souvenir shops that replaced the Pioneer Club detracted from the ambiance. Well, you do have eleven or so other casinos
in this small area, and its easy enough to have a go at any other place, but yeah,
it still is a little tacky. Not tacky in the
same way that the Paris Hotel is tacky in trying to put on phony French airs, but tacky in
a just-another-tourist-trap sort of way.
Hey, but ya know what? The
Pioneer Club used to have more sports-book action than almost all the other casinos on the
Strip combined. In fact, Leroy got his big
break here. I knew that he was talking
about Leroys Sportsbook, who has taken over the sports and race betting operations
at a lot of the smaller and medium-sized casinos throughout Las Vegas and beyond. In most cases, casino management find that
its more cost-effective to rent out their books rather than run it themselves. For a piece of the action, the casino gets a
reduced vig, without risking its own bankroll.
Its a good arrangement that has really come into its own in the
last ten to fifteen years. We then entered the cool,
comfortably-sophisticated creamy-marble world of:
No
other casino in the world generates money like this puppy right here, said Mel. Oh theres bigger and grander and huger
producers, but on a per-square-footage basis, this place is the undisputed all-time
reigning world-champion. From less than
35,000 square feet, this casino produces as much profit as others in the 100,000 to
140,000 square foot range. It confounds the
experts that a place can be SO busy, generate SO much money, and be SO profitable without
volcanoes, pirates, lions, tigers, birds, sorcerers, gondolas, roller-coasters, art
collections, lasers, wave-pools and beaches, or 200 million-dollar stage extravaganzas. It kind of goes against current wisdom
doesnt it? asked Mel.
We
played one short session with Mel pocketing $14, while I scored with $26. The tables were
crowded and I was getting hungry again. I knew where to find a decent buffet lunch that I
could charge to my suite, and have Steve Wynns Moms famous Bread-Pudding for
dessert.
Over
a hearty lunch, we talked about Wynns background as a liquor-salesman, then as a
distributor, and about his fathers chronic gambling problem. We talked about Benny Binion giving Wynn his
initial stake when he wanted to purchase the GN. We
talked about how he stripped away all the chintzy neon, and replaced it with the clean and
elegant brass and marble finishes that this place is now famous for. We talked about how Wynn was the first one to
install truly comfortable slot chairs instead of cheap stools, and how he had the slot
machine casings done in brass instead of cheaper looking painted cabinets. We talked about Wynns ongoing battle with
glaucoma and his $10-Million bounty for anyone who comes up with a cure. We talked about the kidnapping of his daughter
back in the late 80s and how he had managed that event as a shrewd
business-man, and not just as a father. We
talked about how both his daughter, and his wife, Elaine, had learned about and become
involved in the casino-management and theme-conceptualization side of the business.
We
talked about how it was Wynn who first came up with the idea of transforming downtown into
a desert Venice with canals and gondolas and foot-bridges to replace Freemont Street. Thinking his plans were too ambitious, the City
and the downtown casino-owners association settled for a $75 Million canopy over an
outdoor mall instead.
Mel
and I just shook our heads when we thought of the possibilities of having a Venetian-type
mega-resort with ten to fourteen casinos under one huge roof, instead of Shelly
Adelsons Venetian in its current location on the Strip. Mel said, You can sure tell that they had a
committee approving this project, instead of just one man pursuing a dream that they
thought couldnt be done. So half-a-dozen years later, Shelly builds the Venetian,
and downtown is still just plain old DOWN! Thats why Downtown is still struggling,
and places like Bellagio, Mirage, the Venetian, Mandalay Bay, and even Treasure Island are
doing a land-office business! It takes vision
and leadership, and a certain flair for pushing the envelope. They talk about thinking outside of the
box, hell, Wynn cant even SEE the box, and that mostly explains WHY hes
head and shoulders above the rest of the lemmings when it comes to putting cash into the
register EVERY time! Never bet against him,
no matter how crazy his ideas sound.
I
wanted to go upstairs to my Spa Tower suite, and brush my teeth after a too-big helping of
that Bread Pudding. Knowing that I had
enjoyed it without the eight-million calorie vanilla sauce, made me feel less guilty.
After
freshening-up, we headed out the door and aimed for the part of Binions that was
formerly: THE MINT Del Webb first made
his money as a contractor. When his company
was called in to finish off the Flamingo, it made him, as far as
cash-in-pocket was concerned. He made his
reputation from that hotel, and built on it from there.
His Webb Construction Company was involved in almost every major resort that
was built on the Strip from 1949 through to the 80s.
If he wasnt the general contractor, then he had one or more of the
sub-projects tied up. He poured so much
concrete, and erected so much steel in his day, that he was doing more work on the casinos
than all the other general contractors COMBINED! He
originally was a house-builder, and his company still is.
They have a good management team running that company, and they are doing a
beautiful job in carrying on his legacy. He eventually
wanted to get into the places he was building, but as an operator, not as a contractor. The Mint was already here, but he added the tower
and expanded it. Hed trade markers and
liens and paper and other stuff, cause he was dealin with guys that
didnt always have enough cash on hand to pay for their grandiose dreams, and of
course, some of them were poor business managers too.
Do you know how he got into the casino-operating business: SIDEWAYS! smiled
Mel. The best downtown
gourmet room at the time was the Skye Room on top of the main tower. The view was clear across the whole valley, and
EVERY night was a clear night back then, added Mel.
When
Benny (Binion) took over The Mint, he actually considered keeping the name and operating
it as two distinct casinos, but his kids talked him out of it. So he made the place into one big: BINIONS HORSESHOE
The
history of this edifice to the true gambler is very well known so I wont bore you
with all the stories about the legendary Benny Binion. However, Ill sum up the
situation with Mels words about its current management team.
Sometimes
when you have an entrepreneurial father like Benny, things come too easily if youre
one of his kids. You dont have to be
tough, and savvy and street-smart, you just assume that theres always going to be a
lot of money in the vault. When that happens,
you dont learn as much or as quickly, and you dont appreciate all the things
that are given to you. Everything was
hard-fought over and hard-won by the old-man, and the kids just assumed his mantle as
though it was their God-given right to have it all. When
you dont have the scars of experience, you usually have an ego thats larger
than your actual abilities, cause you simply dont know any better. When that happens, BIG mistakes occur and you can
become a victim of your own ineptitude and arrogance.
Seagrams whiskey-baron Sam Bronfman used to say from shirt-sleeves-to
business suits-back to shirt-sleeves in three generations, and I think thats
what they run the risk of here. Sometimes
intelligence skips a generation, said Mel.
We
decided to play two sessions at the Shoe. The
first was in the old Mint Hotel section. The
five tables were moderately crowded, but we got onto the one that looked most promising. Mel jumped right into the action, and made a few
dollars on his Iron Cross with Gold Streaks method, which can be found in the
A Peek Inside
The Mad Professor's Playbook article. I used the Captains 5-Count before I bet my
$220 Inside Regression which is explained in the same article as above. The very next roll was a very unhappy 7-Out.
We
walked through to the old Boulder Club section where the original Horseshoe is located. Theres a slight change in floor elevation
between the two casinos, right near a wall-mounted glass display cabinet with some of
Bennys favorite guns, rifles, shotguns, and horse tack in it.
The
seven tables near the legendary Long Bar were also crowded. Again we scoped out the action, and decided on one
where we could both get in. Again Mel jumped
right in and made a small profit, while I waited for the shooter to qualify
himself as being worthy of being bet on. No
sooner had I got my $220 down on the table, and set up on the Place numbers, when the
7-Out call was made.
Two
quick losses for me mean a break in the action. I
told Mel that I was going to sit out a couple of hands, and he said that he was going to
continue to play for a while. I thought of
using one of several other methods that I would usually employ in this situation, but I
had second thoughts about that too. I got a
glass of cranberry juice from the bar, and watched all the nearby tables for some
indication of promise. None appeared on the
positive side of the dice. Of the six tables
that I was tracking; not one of them went past six rolls before a 7-Out showed itself.
I
went over to Mel, and told him I was going to bet my No-4 Progression Method
if he wanted to get in on the action, but he declined. I headed for the coldest table, and
immediately bet $50 against the 4. One roll
later, I collected off of that bet, and without delay moved on to the next table where I
did exactly the same thing. Three rolls
later I rang the bell and collected from another random-rollers 7-out.
I
then turned to the next nearest table, and proceeded to make my way around the six open
tables several more times. When I ended up on
Mels table, and the look on his face told me everything I needed to know about the
trend at that particular juncture in the cycle. It
took two rolls before I collected from the misfortune of yet another random-roller. I changed tables a total of twenty-one times
during that session, and made back my previous $440 loss on the two earlier quick-out
hands, plus I had a happy profit of $64 to show for it.
That
$64 session-profit was as gratifying as times when Ive made one-hundred times as
much. Why?
Because I didnt stick to one method that obviously wasnt
working. Upon seeing an opportunity, I seized
it and utilized another method that I have found to be effective for that set of
circumstances. Thats one of the
advantages of having a Playbook. You can pick
and choose different methods to suit a particular opportunity. The No-4 Progression cannot be used all the time. In fact, it should be rarely used, but in the
right circumstances, its a stone-cold money-maker.
Remember, as a professional player you are there to win MONEY, and like
Ive said before, if you need to make another friend, BUY A DOG! Good Luck & Good Skill at the Tables
and in
Life. By: The Mad Professor
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