Doc has been reading a book titled CAPITAL GAINES by Chip Gaines with a sub title "smart things I learned doing stupid stuff." You may not be familiar with Chip Gaines. He and his wife live in Waco,Texas. They have a business where they buy houses, make improvements and flip them for a profit. They now have their own TV show which I am told is very popular along with a retail store called Magnolia. Many of you may be familiar with the TV show.
As Doc read this book he realized how much some of the mistakes Gaines has made gave him the idea that all of us have made mistakes playing craps in our respective journeys to becoming advantage players. Believe me, if you can do stupid stuff in a casino (especially craps), Rose and Doc have made all of them. We have learned a lot over the last 13 years with GTC and wanted to share our thoughts with everyone.
Just hope this is not too long. But we feel it might be important.
Our adventure in the casinos began many years ago when Rose’s Dad took the two of us along with Rose’s brother and his wife to Vegas. We knew nothing about the casinos except the fact that supposedly the casinos always win. We had never been there. Being the big time player that Doc is, he played the $.05 slot machines and lost a little and was down, when out of the blue he hit a jackpot of 1200 nickles–a whole $60 dollars. I had found the "holy grail" of winning. The five of us (Doc, Rose, her Dad and her brother and his wife) headed to a blackjack table. It was empty. As kids, we had all played BJ over the kitchen table using match sticks for "chips" to keep score as to who was winning. We knew how to play this game–after all you got paid (or so we thought) 2 to 1 on a natural Black Jack. We knew nothing about double down, splitting, or any type of basic strategy or advance play. Bottom line we got our clocks cleaned and Doc’s $60 win was history to say the least. Bottom line we were playing games we really had no or very little knowledge about. MISTAKE # 1.
Blackjack at this point would become our game of choice.
Rose loved being in the casino and Doc not so much. He actually thought it was stupid. Rose said she wanted to go again. So Doc being the more conservative one decided we needed to find out more about playing in the casino. He headed to a used book store and purchased the smallest, cheapest book he could find concerning games in the casino. This probably tells you how cheap he is!! It also had a very basic Hi / Low card counting system. We practiced for a couple of months and headed to Vegas for a couple of days. We got creamed a little at first but the card counting did give us a slight advantage and at the end of the trip we were up a whopping $600. HOLY MOLEY!!! We were on to something good and knew that in a short time we would own our own casino and be on easy street–or so we assumed!!! Little did we know–MISTAKE # 2.
After that, we did not know it, but we were on the road to do all the stupid things that you can do in a casino. The things over several years are listed below:
Not long after our winning trip we headed to a gambling destination with our bank roll–which was now less than $500 as we spent some of it. Not much for a couple who planned to make it big time in the casino. We over bet our bank roll and it seemed on this trip that every bet we made we lost. Get a good positive count at BJ and the dealer got the good cards and we got s**t. We lost out entire bank roll, headed home and barely had enough $$$ left to get our car out of the parking lot at the airport. MISTAKE # 3.
We continued to build our bank roll to a decent amount, learned basic strategy, and other techniques for playing decent BJ. Bought several books so we could play other games. We would on occasion win a little. But the long range win was not there. Found a couple of books on craps that instructors of GTC had written and we were into craps. We had not taken a class yet but tried many of the techniques that the books suggested. They worked to some degree but not perfect. We were losing. MISTAKE # 4.
Side Bar—Doc was rereading one of the GTC books and at the end there was information concerning some sort of seminar on the best way to play craps. Rose and I talked about it and she suggested I call the toll free number and get the details. Guess who answered the phone–you got it– no one else but THE ONE AND ONLY—THE DOMINATOR! We talked and with his selling shoes on, I was putty in his hands. He convinced us Doc should take the class. Rose would take the next class in a couple of months. As it turns out a great decision on our part.
Now back to the stupid stuff that made us much smarter:
We tried the Doey/Don’t system by betting both come and don’t come bets at the same time with odds only on the come bet. When a 7 did appear the base pass/come bets would push each other and we only lost the odds, which of course have no house edge. Of course when the 12 was rolled on the come out roll you were toast. Doesn’t sound like much, but it is large in the long run. Learned our lesson there. MISTAKE # 5,
We would not use the five count as was illustrated in the books and in class. We wanted to be in the action. The first mistake all gamblers make. So this was something we learned early on. MISTAKE # 6.
Hedge betting. Always cover your pass line bet with a "craps check" bet so you "never???" lose your PL bet when a craps appears on the come out rolol. Again a big loser. Remember with a hedge bet you have 2 bets both with negative expectations for the casino. Why would anyone do this? Another lesson learned. MISTAKE # 7.
Always cover the 6 and 8 as they have the lowest house edge following the pass line bet. This appears true since the pass line and come bets have a 1.4% house advantage. This is very close to the 6 and 8 place bets with a slightly higher house advantage house advantage of 1.5%. The difference is the fact that the 1.4% on the pass line/come bet is only on $10. The 1.5% on the 6 & 8 place bets is on the entire bet. Example for illustration purposes: assume a $10 pass line bet with $50 in odds, the house advantage of 1.4% is only on $10 which equals $.14. But put the same $60 place bet on the 6 or 8 the house advantage is 1.5% on the the entire $60 or $.90 in real money. A huge difference in actual dollars. MISTAKE # 8.
See a horn bet a horn. Have tried it and lost. How stupid is that anyway–the dice have no memory. MISTAKE # 9.
Using slightly different dice sets and throwing techniques not taught by GTC. Thought we were so smart. For Rose and Doc they do not give us the protection we desire from the 7. MISTAKE # 10.
Not taking the time to come back to GTC AND having your throw and betting techniques critiqued. True professionals in business take seminars, read books, study, etc, to improve themselves. PGA golfers come to mind where the players take lessons all the time. Example in Craps–several years ago (I was a junior instructor) I asked Dom to look at my throw. He said and I repeat–"why would you change anything in the basic throw you were taught. You don’t need that." Dominator made a couple of very minor adjustments that I had worked into my throw and I was good to go. Everybody needs this feed back. Rose and I are very fortunate that we get to receive advice from each other on a daily basis. Trying to make any other changes was a mistake —MISTAKE # 11.
We are sure there are other mistakes, but these seem to be the main ones. Hope this will be helpful to many on this web site on their journey to becoming the advantage player that he/she can become.
We look forward to seeing you in a class or in the casino.
Rose and Doc
Replies:
Posted by: NofieldFive on February 14, 2019, 10:11 pm
Great post! Everyone should read it.
NFF
Posted by: sevenout on February 15, 2019, 3:48 am
Staying too long at the table.
Playing with an underfunded 401G.
Posted by: Skinny on February 15, 2019, 8:58 am
Never made any of those mistakes.
My first trip to a casino was on a cruise ship with a bunch of my friends with whom I was traveling. They loved playing craps and wanted me to join in playing with them. I had no idea how to play the game but went along with them to the casino to see what it was all about.
They had a lot of fun, shouting and yelling things that were incomprehensible to me at the time (give me a yo, I’ll bet the field, come on little joe, etc.). They told me to just do what they did and I could have a great time as well. BUT, I do not like betting on things when I don’t feel I have an advantage, much less understand. I watched them laugh and scream each night but I refused to put any of my money on the table until I had a complete understanding of what I was doing. I did not bet a single nickel that entire trip.
We all had a great time on the cruise and agreed to go on another one in about a year or so. I was determined to play craps on our next venture so when I got home I made it my mission to find out what craps was all about.
Being penurious when it comes to gambling I started by going to the library and getting every book they had on craps. I even found a few vhs tapes at the library I could borrow for free that had instructions on playing the game. But that wasn’t enough so I also bought about a dozen additional books or so on the game. I was interested in much more than learning the rules and how to play the game. I wanted to know how to play to win money.
I started to see a pattern developing among the "experts". They encouraged betting the pass/come with odds and/or place bets on the 6 and/or 8. Many had different ways to do this in order to limit one’s exposure. A few discussed hot/cold tables and making ones money while the table was hot and getting out when the table went cold. But my mathematical mind had a lot of problems with their "theories" about how to win. I understood the house had a positive advantage on every wager except for free odds which could only be made when one made a line wager that had a negative edge. So how could one possibly make money over time when each wager had a negative expectation?
Yes, one could win when a table is hot but there is no crystal ball that can predict a table becoming hot. So how does one vary ones betting to take advantage of this elusive golden opportunity when there is no mathematical way to predict its appearance? All the methods described for discovering this magical moment seemed to be based on some sort of voodoo magic to me.
But I wanted to join in the fun with my friends so for the next cruise I did choose one of the systems that I had practiced at home with make believe money. I did not have a lot of faith in my chances so I stuck to betting the table minimums. I did increase my bets when I was ahead on a roll but that was a rare event. In the end I lost a bit of money as I expected however I had a lot of fun being with the gang. Playing craps was very enjoyable, I was not ready to give up yet. When I got home I continued my quest to learn as much as I could about the game.
I bought several more books on craps hoping against hope that I could find something I had missed to help me find a way to beat this game now that I had the experience of playing the game for real in a casino. I was still new to the game and did not feel confident that I knew all there was to know about it yet.
In my new quest I came across a book called, "Beat the Craps out of the Casinos: How to Play Craps and Win! ". I scoffed at the arrogant title of the book but bought it nevertheless. How could any author claim to win at a game where the house had the advantage on every wager one makes? My curiosity was peaked, I had to find out what this jerk thought he knew that no one else did.
Then it happened. I read about the five count. The author explained how it could not make one a winner but it would limit one’s exposure to risk since it would reduce the number of players one would bet upon. This made sense to me. If one could expect to lose money in the long run by betting on players, if one bets on fewer players, one would lose less money. Unfortunately one would still expect to lose at the game albeit at a slower pace.
The author had an answer for this as well which also appealed to my way of thinking. Having majored in math and minored in physics, I appreciated the authors description of how one could use physics to turn a negative game into a positive mathematical advantage by limiting the 6 degrees of freedom random dice have when tossed to only 3 degrees of freedom with a controlled throw. This made sense to me but this author did not go into enough detail to satisfy my curiosity. He recommended another book by some engineer named Sharpshooter which explained the physics behind a controlled throw. I purchased "Get the Edge at Craps" by Sharpshooter. That book went into the detail I was looking for and satisfied me that it seemed plausible one could actually get an advantage at the game of craps.
Fortunately for me, there was a flyer in the first book that said "Golden Touch" was holding a class in Atlantic City that was teaching the technique of how to control the dice. I called the number in the flyer and signed up for the course. I took the class, met a great group of instructors and was convinced I had found a way to make it possible to actually win at the game of craps. I really appreciated the no nonsense approach of all the instructors. They admitted craps was a very difficult game to beat. I liked the fact that they did not sell a bunch of b.s. about some easy way to win buckets of money. They explained how it took a lot of discipline to learn a controlled throw, advised practicing for 6 months before attempting to play in a casino with this new found skill and strongly warned about making the best bets while avoiding the high risk wagers.
I bought a practice rig at the end of the class, saved money on the shipping since I could transport it home in the trunk of my car (trunks were much bigger when I took that class), went home and practiced what I learned and went back to GTC for another class when they were back in Atlantic City about 6 months later.
That is how it all began for me and the rest is history. Finding that flyer was the best thing that happened. It helped me avoid all the costly mistakes because it got me started on my craps journey with the right stuff.
Posted by: Dominator on February 15, 2019, 12:37 pm
Dom
Posted by: Dr Crapology on February 15, 2019, 5:33 pm
Rose and Doc
Posted by: DoughBoy on February 15, 2019, 9:45 pm
Posted by: Cotton Lob on February 17, 2019, 5:04 pm
(Good box people rule with authority and then you have the meek unprofessional who doesn’t know how to calculate the payout or keep people in line.)
And as if I didn’t commit enough sin for one night I returned to the table and took position 2 stick left throwing right handed using proper GTC to direction of ding bat dim witted who wanted to build towers with dollar chips in the landing zone.
Woke up this morning with the feeling that I had a really bad blind date last night. Had coffee and threw dice for one half hour with GTC discipline in mind. Looking forward to next table.
Thanks for sharing Alligator Rose, Dr Crapology, DoughBoy, Dominator, Skinney, Sevenout, NofieldFive, and future shares.
(Question: Why is there not an APP available to quickly calculate payouts?)
Posted by: Preacher on February 18, 2019, 5:18 pm
While I was at Annapolis during my 1st Class Year (landlubbers would say senior year), I took 3 buddies to Atlantic City, a recently made casino town. You see, during Vietnam you could gamble, legally drink alcohol, and die for your country all at age 18. I do not recall the name of the casino, I think there were 3 or so in 1977-78. We had no expectations, but wanted to round out our life experience with some James Bond type of high life. I remember bright lights, but nothing more.
Thirty years later, RollTide4Ever and I spent Thanksgiving at MGM Grand when the kids were grown and away. It’s an impressive place to start for visiting casinos. The table games required spending $5-$10 a pop, and I could see those games were for serious players (or people with serious problems). I stuck with slots, to get rich, of course. (And I’ll say this, every MLife casino I have visited were posh and very family friendly, and still are. That is not true for any other chain of casinos I have visited.) It was all very entertaining. With the entertainment and dining, we had a great time that vacation.
Then, 2 years before I retired from oil & gas, we went to another posh casino, this one in Louisiana. Since it’s more recent, I won’t mention casino names. Again, it was for entertainment. With my 30+ years in computer software, I was interested in toying with slot machines, the ones operated by software. RollTide4Ever walked around observing. Soon, she came back and said, “You’ve got to look into Craps. I just saw a guy walk away making $4000!” I gave her $100 and said, “Go see what you can make.” She didn’t last 15 minutes. She mimicked 2 other women at the table; she placed the same bets they did. She said she did ok, but then the ladies left. Knowing less than nothing, she quickly lost it all. I walked over and watched awhile, but, like Skinny, no way I was going to put my money down before I knew everything.
Of course I knew about BlackJack and card counting, but that game is such a grind. I only play to take a break, and I never play it seriously, it’s entertainment only for me – just ask Doc (he’s so serious about everything :ugeek: ). Doc refuses to sit at a BlackJack table I’m at, which I seldom do anyway.
I researched Craps, thoroughly. Very quickly, I found Dom’s Hollywood debut on “Breaking Vegas”. I then got the books to study his journey, going all the way back to the Sharpshooter’s book, and then through all of the GTC books. Then I purchased the GTC video (excellent resource, Dom. You guys need to make an updated version.) During this time, I visited several casinos, to try out hedging with statistics. (My undergraduate education was Physics and Political Science, so I’m to limited to linear math, as are Skinny and Dom.) With stastistical math, I didn’t lose money. But good grief, I had to put $600 on the table, starting out, just to make $20 in an hour – a waste of my time, requiring a lot of dealer instructions, and tiring with players constantly asking what I was doing, their saying, “I don’t understand.”
Six months into that year, I took my first GTC class, bought my GTC Throwing and Receiving Stations, and never looked back. What a difference. Knowledge and skill are a powerful combination.
Posted by: Dr Crapology on February 18, 2019, 10:53 pm
Rose and Doc
Posted by: Cotton Lob on February 19, 2019, 1:50 am
Posted by: Carey1001 on February 19, 2019, 3:51 pm
Posted by: TheUsualSuspect on February 21, 2019, 5:12 pm
Posted by: MrPiP on February 22, 2019, 7:14 pm