🖐 The Man Who Broke Atlantic City - The Atlantic

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My friend the blackjack pro does not feel bad about going into Wynn or Las Vegas Sands, counting the cards at the 21 table and leaving the.


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Don Johnson (born ) is a professional gambler, blackjack player, and former corporate executive, who beat Atlantic City casinos for over $15 million during.


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He used his skills at blackjack tables to count cards. He was feared by the players as well as the house so much so, that he was player. According to Celebrity Net Worth, Dan Bilzerian is currently estimated to be worth around $ million.


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besplanto-kartinki.online › sites › johnnavin › /04/01 › interview-with-.


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Filmmaker Buddy decides to follow KC as he hops in an RV and travels across the United States playing Blackjack all along the way. “ after.


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Filmmaker Buddy decides to follow KC as he hops in an RV and travels across the United States playing Blackjack all along the way. “ after.


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besplanto-kartinki.online › sites › johnnavin › /04/01 › interview-with-.


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My friend the blackjack pro does not feel bad about going into Wynn or Las Vegas Sands, counting the cards at the 21 table and leaving the.


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besplanto-kartinki.online › sites › johnnavin › /04/01 › interview-with-.


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Here we have comprised a list of 11 legendary blackjack players. Blackjack is a card game played against the dealer. a professional blackjack player and began playing while in graduate school as a source of income.


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Two cards are placed faceup before the player, and two more cards, one down, one up, before the dealer. His body quickly assumed more normal proportions, and he went to work helping manage racetracks, a career that brought him to Philadelphia when he was about He was hired to manage Philadelphia Park, the track that evolved into the Parx casino, in Bensalem, where he lives today. An ordinary guy in a red cap and black hoodie had struck it rich, had beaten the casinos black-and-blue. Card counters seek to gain a strong advantage by keeping a mental tally of every card dealt, and then adjusting the wager according to the value of the cards that remain in the deck. In most states but not New Jersey , known practitioners are banned. The wagering of card counters assumes a clearly recognizable pattern over time, and Johnson was being watched very carefully. Many casinos sell laminated charts in their guest shops that reveal the optimal strategy for any situation the game presents. Fifteen million dollars in winnings from three different casinos? By late , the discounts at some of the strapped Atlantic City casinos began creeping upward, as high as 20 percent. When revenues slump, casinos must rely more heavily on their most prized customers, the high rollers who wager huge amounts—tens of thousands or even hundreds of thousands of dollars a hand. But he was not considered good enough to discourage or avoid. Caesars had cut him off, he says, and then effectively banned him from its casinos worldwide. Almost everyone knows them. You play against the house. The last thing a skilled player wants is a big reputation. Johnson was in charge of day-to-day operations, including the betting operation. Made famous in books and movies, card counting is considered cheating, at least by casinos. The tactic requires both great memory and superior math skills. The way averages work, the larger the sample, the narrower the range of variation. When this happened to Johnson, he knew the ground rules had skewed against him. What gives Johnson his edge is his knowledge of the gaming industry. The regimen was so demanding that he eventually had to give it up. A tlantic City did know who Johnson was. For the casino, the art is in telling the skilled whales from the unskilled ones, then discouraging the former and seducing the latter. It seemed a fantasy come true, the very dream that draws suckers to the gaming tables. By April, combined monthly gaming revenue had been declining on a year-over-year basis for 32 months. In his best years as a professional jockey, he was practically skeletal. The new Parx racetrack and casino in Bensalem, Pennsylvania, a gigantic gambling complex, is less than 80 miles away from the Atlantic City boardwalk. The industry pays close attention to high-level players; once a player earns a reputation for winning, the courtship ends. When his second hand was dealt a two, he doubled down on that, too. With their table-game revenues tanking and the number of whales diminishing, casino marketers began to compete more aggressively for the big spenders. He drew a 10, so the two cards he was showing totaled This was a good bet: since all face cards are worth 10, the deck holds more high cards than low. Scanning the cards on the table before him, the player can either stand or keep taking cards in an effort to approach His next two cards, surprisingly, were also both eights, so he split each again. The software his company employs analyzes more data than an ordinary handicapper will see in a thousand lifetimes, and defines risk to a degree that was impossible just five years ago. Beyond the usual high-roller perks, the casino might also sweeten the deal by staking the player a significant amount up front, offering thousands of dollars in free chips, just to get the ball rolling. How did he do it? The marketers present casinos as glamorous playgrounds where workaday worries and things like morality, sobriety, and prudence are on holiday. It was a growth industry. When you add gaming tables or slots at a fancy new venue like Revel, or like the Borgata, which opened in , the novelty may initially draw crowds, but adding gaming supply without enlarging the number of customers ultimately hurts everyone. When casinos started getting desperate, Johnson was perfectly poised to take advantage of them. So it was no longer worth his while to play there.{/INSERTKEYS}{/PARAGRAPH} He has served as a state regulator in Oregon, Idaho, Texas, and Wyoming. For Johnson, the game began before he ever set foot in the casino. He was the only Atlantic City casino executive who agreed to talk to me about Johnson. Whenever the racily clad cocktail waitress wandered in with a fresh whiskey and Diet Coke, he took it from the tray. More useful, for his purposes, is running a smaller number of hands and paying attention to variation. Nobody gets that lucky. The way any discount works, you have to lose a certain amount to capitalize on it. The first and most obvious suspicion was card counting. For one thing, he is an extraordinarily skilled blackjack player. The basics of blackjack are simple. Johnson had not played a game at the Borgata in more than a year. Some wear disguises when they play. He had the money to wager big, he had the skill to win, and he did not have enough of a reputation for the casinos to be wary of him. He stood 6 foot 1 and weighed only pounds. About a decade ago, he founded a business that does computer-assisted wagering on horses. Compared with horse racing, the odds in blackjack are fairly straightforward to calculate. But the story was even bigger than that. Little interferes with his concentration. As good as he is at playing cards, he turns out to be even better at playing the casinos. Johnson was on an amazing streak. He started to learn a lot about gambling. All of these gambling houses were already hurting, what with the spread of legalized gambling in surrounding states. He is a veteran player. {PARAGRAPH}{INSERTKEYS}D on Johnson finds it hard to remember the exact cards. The player still loses. Word spreads when the betting is that big. The headline in The Press of Atlantic City was enough to gladden the heart of anyone who has ever made a wager or rooted for the underdog:. But the vast majority of players lose, and the longer they play, the more they lose. Who could? He was neither nervous nor excited. It hurt. Hard times do not favor the house. But two years ago, Johnson says, the casinos started getting desperate. The goal is to get to 21, or as close to it as possible without going over. Johnson won all four hands. As another skyscraper of chips was pushed into his skyline, he signaled for the next hand. He had beaten the casinos fair and square. The towers of chips stacked in front of him formed a colorful miniature skyline. Arrayed on the table before him were the four eights. They negotiate. At the height of his hour blitz of the Tropicana casino in Atlantic City, New Jersey, last April, he was playing a hand of blackjack nearly every minute. Dozens of spectators pressed against the glass of the high-roller pit. He was just getting started. A session of, say, hands will display wider swings, with steeper winning and losing streaks, than the standard casino charts. He had been trying to figure out its blackjack game for years but had never been able to win big. To look at him, over six feet tall and thickly built, you would never guess that he was once a jockey. For most people, though, the newspaper headline told a happy story. Pennsylvania is likely to supplant New Jersey this year as the second-largest gaming state in the nation. Johnson says he was once dealt six consecutive aces at the Mohegan Sun casino in Connecticut. He does not just walk into a casino and start playing, which is what roughly 99 percent of customers do. But even though he has been around the gambling industry for all of his 49 years, Johnson snuck up on Atlantic City. He worked with a physician to keep weight off, fighting his natural growth rate with thyroid medication that amped up his metabolism and subsisting on vitamin supplements. Because the casino values high rollers more than the average customer, it is willing to lessen its edge for them. D espite his pedestrian attire , Don Johnson is no average Joe. High rollers are lured with free meals and drinks, free luxury suites, free rides on private jets, and … more.