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Lionel Issen wrote:
>
> I'd like to add my $.02 worth.
>
> Gaming theory is much more complicated than gambling theory. Gambling is
> analyzed with probability theory and a little statistics.
>
> The gambling houses overcame the advantages, mentioned in Thorp's book.
> First they hired him as a consultant and then followed his advice. They
> switched to 3 decks, which alone would defeat almost all card counters, and
> the dealer will reshuffle at any time (that is, the dealer does not deal to
> the separator card).
>
> Lionel Issen
>
> At 08:56 AM 2/12/98 +0900, Rick Mortellra wrote:
> >Hi Robert,
> >
> >I've posted this answer a while back, but I think the trading analogy
> >compared it to the gaming industry is very apt. The fact that over the last
> >7 years are so, the proprietary trading desks at many firms have become
> >populated with experts in game theory mathematics attests to its usefulness.
> >It's also not uncommon for people who are successful gamblers to be be
> >successful traders.
> >
<SNIP_SNIP_SNIP
Lionel,
In reference to your comment concerning the three deck blackjack, I
would like to add an aside. Three years ago I had to opportunity to
play blackjack alongside Russell Sands, who teaches the Turtle Technique
trend following method as was taught to him by Richard Dennis. Russell
is an accomplished player and has written a book on blackjack. He was
also banned from casino action for about 10 years. The occasion of the
game was his first casino action in the US since being banned. Russell
has the capacity to play with the six deck game, joke and carry on a
conservation, and can tell you WHICH cards were played and when and how
many of each value remain in the deck. (I was more impressed with his
playing technique than his Turtle System).
Al Taglavore
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