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How To Get It, and How To Keep It Warning
to Readers: I
think most of my articles should come with a federally-mandated warning label that reads: Warning: Opinions of the Mad Professor are controversial
and sometimes diametrically-opposed to the conventional thinking of most gamblers. His methods and approaches are geared for the
near-professional Precision-Shooter, and for serious recreational players who want to lose
LESS and win MORE. Therefore, readers are
cautioned that the Mad Professors methods are directed towards generating the MOST
NET-PROFIT with the LEAST RISK, but not necessarily the MOST FUN or ENTERTAINMENT from
your craps game. Please govern yourself
accordingly. To
me, winning is fun, and losing
well, losing isnt nearly as entertaining or
enjoyable. I
wanted to put that caution in front of you, because today we embark on yet another chapter
in my Saving Your Ass series. No, you wont actually find that title
anywhere on my MP Speaks page, but saving your ass is really part of
what long-term semi-professional and serious recreational Precision-Shooting play
is all about. Its
about keeping the losses small, and letting the profits run. If
you can play with skill and discipline while still protecting your bankroll, youll
be perfectly positioned to take advantage of the opportunities when they come along. Whether that opportunity is generated by your own
skillful Precision-Shooting; or it comes from the hand of a lucky random-roller; you will
always be in a position to make the bets and take the profit, when and where they present
themselves. In
other words, this is all about how to GET THE PROFIT, and especially, how to KEEP
IT. When
to Count Your Blessings Sometimes
when Im standing at a craps table shooting the dice like the hand of God Himself is
directing the outcomes, I cant believe how truly fortunate I really am. Ive
turned a somewhat entertaining hobby into a very lucrative lifestyle. I
wont use the word job to describe what I do, because to me, it is
definitely NOT work. Oh sure, I have
off days when my shooting is far less than stellar, and there are days when I
have to struggle to reach my daily win-goal, and YES, there are some days when I
lose all discipline and I turn in a net-loss; but all in all, it still doesnt seem
like work. I
actually LOVE what I do. It
gives me tremendous pleasure and satisfaction to consistently beat an
unbeatable game. While
consistent winning does require a concerted effort and it does take focused concentration,
determination and commitment; so does practically anything else in life thats worth
pursuing. The
point is, although I KNOW Ive been very fortunate in this whole
Precision-Shooting thing, and I do count and am thankful for the many, many blessings I
have received; I definitely SHOULD NOT be thinking about all of that (or ANY
of that) while the dice are still in my hand. While
Im at the tables, if I start letting my mind wander into self-satisfied thoughts or
prayerful thanks DURING a roll, it means that I am not concentrating on WHAT I SHOULD
be thinking about. When
my mind wanders or my thoughts stray, the results are often disappointingly
predictable
a 7-Out is never far away. There
is a time and place for everything, but when the dice are in my hand, any
outside thoughts (other than the ones that will keep the dice on-axis and
deliver the most profit for the least risk) are a menace to my Precision-Shooting focus
and a threat to my bankroll. When
the dice are in your hand; whatever keeps you focused on the task at hand is good; EVERYTHING
ELSE is a needless distraction. So count
your I-cant-believe-how-great-my-shooting-is blessings AFTER
the roll, and not DURING it. Where
Money is Made and Lost What
we do as advantage-players is entirely different than what a run-of-the-mill craps player
is attempting to do. They are hoping against
hope that theyll be able to buck the house-edge and the volatility of the game, to
eek out an occasional profit. On
the other hand, a skilled Precision-Shooter squeezes consistent profits out of the game
from hereinbefore unknown advantage-play techniques (dicesetting) or
thought-to-be-unexploitable angles (deep regressions, and betting-methods that are matched
to situational streaks, trends and Signature-Numbers).
Effectively, we are taking some of the gamble out of the casino
gambling experience by offsetting and overcoming the house-edge by inputting studied
dice-throwing skills and combining them with disciplined precision-betting methods. All
things being equal, the more skill we put in; the less risk and volatility we have to
endure. The
journey from being a gambler and transitioning to becoming a skilled
advantage-player is often a difficult one. While
physical dice-throwing skills can be learned and then mastered, many people are unable to
fully abandon or at least modify their gambling-mindset enough to bring any level
of consistency to their Precision-Shooting profit-making ways. That in turn, prevents their skill from ever being
good enough or strong enough or high enough to overcome their own
bet-decision and money-management choices. Simply
put: Regardless
of how talented some players become as Precision-Shooters; their weak wagering CHOICES
never overcome their dicesetting SKILLS. Ive
said it before, but it bears repeating again in this context. A
number of this planets best Precision-Shooters, are also some of the worst bettors in the
world. Their wagers rarely reflect their
outstanding dice throwing abilities, and unfortunately, their losses mostly outstrip their
wins. Its not that they cant
make good money from doing this thing; its just that a number of them choose
betting-methods which artificially, but quite convincingly, lower their chances of making ANY
profit at all. Money
is won and lost on the actual wagers that you make, and NOT on
the beauty of your throw. This
may sound like an oversimplification, but its true: Your
bets have to reflect and capitalize on any advantage that you gain through dicesetting. If you stick to outmoded betting-methods that
dont correspond with your ever-evolving skills, you too may find that your losses
still outstrip your wins, no matter how good your Precision-Shooting gets. Paradigm
Shift The
game of craps that most people play barely resembles the game that we play as a
Precision-Shooter. Oh sure, the dice are the
same, and the layout is the same, as is the types of wagers available to all of us; but
its the way we approach and bet on the now-derandomized game which makes all the
difference in the world. That is the only way
to turn this negative-expectation game into a positive one.
Look
at it this way: If
you arent making enough money with the betting-methods that you are using now,
perhaps you should consider making some changes to the way you bet, and especially about the way you THINK about betting. Sometimes
we have to change our approach, and actually shift our thought-patterns before we are able
to profitably turn things around. Unfortunately, sometimes nothing can convince a player
to change his game-approach no matter how much money he continues to lose. The
hard-headed Ive-always-bet-that-way-and-Im-too-old-to-change-now
betting-approach often prevents a quite-skilled Precision-Shooter from capitalizing on the
edge he develops through all of his dicesetting practice. As
we build up our dicesetting skills, we also have to adapt our betting-methods to fully
capitalize on the newly developed talents. This
paradigm shift often means a complete abandoning of the way we used to look at this game,
and especially the way we used to bet on this game. To
take complete advantage of your current real-world talent, you have to tailor your
betting-methods to match your skill. Betting
with Friends
Gambling with Chance
Learning with Experience Some
lessons come hard and many come EXPENSIVE! I
was shooting at NewYorkNewYork one night, and my (now former) Executive Host, Leslie
Sadovia, was at the rail of the mostly empty $25 table with me (it was the only
14-footer in the place at the far end of the pit, that's hardly ever open during the
week). She was doing the thing that Executive Hosts like to do most (other than
consuming copious amounts of super-premium alcohol on the corporate-dime), and that is
schmoozing with players who are either high-rollers in their own right, or who have
connections to bring in more and BIGGER high-rolling friends and associates. In this case, her motive was focused on the
latter. Although my betting-levels and
table-time does warrant second-from-the-top-drawer treatment, it pales in comparison to
what a few of my better-known (and more notorious) associates get. My
shooting was going good. In between
solicitous prompts from Leslie to check on whether my associates were going to show up,
she was whining about the fact that she couldn't bet on me at any of her employers (MBG)
casinos. In short order, a few of my compadres joined us at the table. I knew
she had been biding her time with me in hopes that they would bless her corporate doorstep
with their big-money play, and now she beamed with joy as her Its in my
job-description prayers were answered. The
first thing you have to understand about these guys, is that they are NOT
Precision-Shooters by any means, however they bet HUGE when given the chance, and
especially if the dice are rolling well. To their credit, they also make a lot of
Prop-bets on my behalf as a way of saying thanks for past revenue that my shooting has
produced, and to provide a little encouragement for me to augment their future craps
profit as well. For example, if they have $100 on each of the Hardways, and they'll
put me on those same bets for $25 too. It's
the same thing with the Come-Out World and Horn-bet action, so obviously I don't mind
having them at my table. To make a long story short...my shooting remained terrific
during that session, but I continued to bet on their shooting as a kind of "thanks-for-having-faith-in-me-when-I-am-shooting-and-for-making-all-of-those-high-vig,-high-revenue-wagers-for-me"
gesture. I was making bets on them as a show
of thanks for the bets they were making on me. From
my former Executive Hosts point-of-view, I did EXACTLY what all the casinos HOPE
that every player will do; and that is to make the bets and lose the money in the way, and
in amounts, and with the frequency they have specifically built their palaces for. I
ended up playing the entire four-day weekend together with that motley crew of
neer-do-wells at various and sundry joints around town. Some of their hands
looked promising, yet none of them managed to string together anything that would
resemble "greatness" or even "goodness". On the other hand, the
toke-bet revenue that I continued to receive was outstanding, so I wasn't in any hurry to
part ways. However,
here's the kicker. I
was losing back $300 to $400 of my hard-earned profit/toke-revenue during
nearly EVERY SINGLE SESSION due to all the bets I was making on them! That
is absolutely ridiculous! While I was still walking away with a good profit
from nearly every session; it was so further reduced from where it should have been, that
it actually pissed me off to know that I was spending that kind of money to prop up their
egos and to show my gratitude. Thats a LOT of gratitude! It
may sound immature and ungrateful to hear that from me, but lets put that into
perspective. That
one four-day weekend was profitable, but I "gave back" approximately $4100 in
profit for the sake of their egos and for me wanting to be supportive, and as a sign of my
appreciation for all the bets they were making on my behalf. For me, that kind of
support is just way too expensive! Now
I understand that I COULD look at it as a cost of doing business, but I just can't fully
rationalize spending that kind of money to massage egos and show appreciation for their
betting efforts. On top of which, they were already making huge amounts of dough off
of my good rolling, so really, who needed who, more? To
my mind, it wasnt about my own personal greed or an inflated sense of worth or even
a puffed up ego. It was about GETTING a
profit in the first place, and then being able to KEEP IT once I got it. That
weekend changed my outlook as far as showing my appreciation for players who display their
faith in my Precision-Shooting abilities by making sometimes large wagers on me. Today,
I'll throw out a token $1 or $2, or maybe even $4's to cover some or all of the Hardways
when one of them shoots, but THAT IS ALL. Unless one of them lights the dice on fire
with a hot roll, my money normally just stays in my rack and out of random harms way. They've
come to understand that it makes more sense for me to keep my profit (from my own
shooting) rather than giving back some or all of it during their rolls. On top of
which, they have actually reduced their own betting levels (somewhat) during their own
rolls, and pile it on during mine or other shooters good hands. They've become savvy
enough to wait until they know it's going to be a good hand before they bring in the huge
bets on ANYONES hand. If you are careful with how you bet on your buddies; youll often save a lot of money, as well as a LOT of where-the-hell-did-my-profit-go frustration. Becoming
a House-Whore When
I was writing the Its
used to describe a player who stays at the tables for too long and bets in a way where
both the House-Edge (the small-percent advantage that the casino has on every
single wager except Free-Odds) and Game-Volatility (the win-some/lose-some
unpredictability of streaks) grinds the majority of play-until-they-lose-most-of-their-bankroll
gamblers into casino dust. In
essence, the players are working for the house, and the casino is taking their
bankroll (along with their souls) a piece at a time. Its like a Pimp/Whore
relationship because one party (the Pimp/Casino) makes money off of what it is you (as
their Whore) do while you are under their control as you work your corner on their behalf
(your favorite game in their casino). The
futility of bucking both the house-edge and the volatility of the game is practically
useless unless you are able to overcome that disadvantage through Precision-Shooting and
Precision-Betting. Ill
let long-time casino executive Mel (the Vegas Ghost) give you his take on House
Whores: Eventually
that evil duo named House-Edge and Game-Volatility pulls up to the table in their
gold-plated wire-wheeled big-assed old Cadillac. Being
the true fur coat, angora scarf, hand-painted silk tie, ostrich feather in their fedora
wearing pimps that they are; House-Edge and Game-Volatility will smack a player around
like a junkie-whore that is holding out on the cash.
Without Precision-Shooting combined with iron-clad Precision-Betting
discipline; the House-Edge and Game-Volatility makes nearly EVERY PLAYER the casinos
personal whore where theyll end up riding you around the kitchen floor as they make
you call them Daddy! The
only way a craps player can avoid becoming part of their stable of street-corner girls, is
to learn Precision-Shooting for themselves, or ride and bet on the coat-tails of someone
who already does. Otherwise, the casino
pimp-masters will continue to use your ass to pay for yet another crystal chandelier or
another stretch limo or another stock dividend for the whore-monger shareholders. Okay,
thats a harsh version of what House-Edge and Volatility can do to most players, but
the message is pretty clear. If you try to
fight both of them without any advantage-play weapons of your own, you are certainly in
for a tough battle. Know
When To Say Uncle Remember,
we are looking at ways to get more profit, and then determining how best to keep it. Our
friend Al C. and I had a brief conversation about this subject the other day. He
had been at a casino where a well-known (to the two of us) player had been betting against
Al. Even though Al had unleashed six
PL-Points during his first hand, and nine PL-winners on his very next go-round with the
dice; "Jimmy, the Darksider" continued to bet against him. Al continued to clobber Jimmys high-dollar
DP bets, and Jimmy kept right on betting against what he should have clearly seen as a
very talented dicesetter. Now
to put that into even greater perspective, Jimmy is VERY knowledgeable about
Precision-Shooting, and is an accomplished dicesetter in his own right. So why was he betting against another known and
quite obviously talented Precision-Shooter like Al, who was plainly having an exceptional
day? Jimmy
clearly doesnt know when to say, When or Enough is
enough or Uncle. Hell
continue to throw good money at bad bets, and he wont give up until all of his money
is gone. In Jimmys case, all
of his money usually means a $2,000 or $3,000 session-loss. I
can't count the number of times I've had several mega-hands in one day, yet Jimmy is right
there with his big ass parked on a chair at the end of the table, sweating gravy, as I
keep right on rolling win after win, yet he keeps right on losing bet after bet. And hell keep on betting against me until
all of his session-money is gone. I
related one of my own Jimmy stories to Al about the fact that even after all
of these years it still amazes me how Jimmy will continue to bet against me ALL DAY even
when my shooting is SPECTACULAR. Hell
only bet on his own shooting, which is usually pretty good, but hell pile up the
Darkside bets against some of the most accomplished shooters in the world, and curse at
them every time that he loses. About
a year ago, he waddled up to my table. When the dice came to me, he said to his buddy who
had driven down to this place with Jimmy in his van, "This guy NEVER makes a
Point, we'll win against him". I thought to myself, Is this guy STUPID
as well as being morbidly obese? I
turned and smiled broadly as I said, "That's right Jimmy, feel free to bet against
me". So sure enough, I unleash yet another memorable hand while both he and his
trip-mate lose a bundle. By the fourth
PL-Point, I thought the engorged vein that was thumping just under the skin of
Jimmys forehead, was going to burst through and hose down everyone at the table with
a hemoglobin gusher. The
very next time the dice come around to me, Jimmy bet against me the same way he did
before
and I did the same thing that I did before. Lesson
learned yet, Jimmy? Nope
third
time around
third time for another senseless beating.
Jimmys cursing was having no effect on my concentration, and I stuck
to doing the thing that I do best when I get my hands on the dice. Come
on Jimmy, if youre not going to bet with me, why dont you at least save some
money, and not bet at all while I shoot? Nope
one
more hand
and one more sound thrashing. Unfortunately,
Jimmy ran out of money long before I ran out of good rolls. He left in the middle of my next turn while still
muttering about not being able to find any ways to win today. I
mention all of this to illustrate that sometimes the profit-opportunities are right in
front of you. Of course, you have to
recognize them, and then take the necessary betting-action to take proper advantage of
them. Sometimes its better to switch
sides, instead of fighting against a streak. And
sometimes, well sometimes you just have to say Uncle and make the
mature decision NOT to bet at all. Get
It, Then Keep It
Today,
weve taken a look at six more of the many elements that can mean the difference
between merely getting your hands on some profit, and actually being able to keep it. If
you take a step back from your own game to consider the amount of money that you win at
the tables, versus the amount that you actually walk away with; you may discover some real
opportunities that will allow you to GET it, and then KEEP it. Until
next time, Good
Luck & Good Skill at the Tables
and in Life. The
Mad Professor
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