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I lived in Las Vegas for 5 years and played blackjack almost every day.
I never gambled by playing roulette or craps or slot machines.
Every hand I played was based on the mathematics of it.
My guide to begin with was a book called which detailed card counting and a computer-tested basic strategy.
Better guides can be found now.
I learned to take risks based on assessing probability correctly.
Here are my thoughts: 1.
Be fearless about it.
Do blackjack 1000 be afraid to establish big positions when it all adds up.
When the fat pitch comes into the strike zone, you want to hit it full force.
Hesitate and you miss.
This applies for skilled players only.
Under-betting in those conditions keeps you from growing.
Never play if you have any doubts about game integrity.
Every once in awhile, though, you might begin to feel as though something is not quite right.
I wrote about the possibility of such an incident in where a dealer had dealt himself 5 straight blackjacks — statistically, a highly blackjack 1000 event.
It could happen independent of dealer intervention, but I decided not to stick around.
Take risk off the table, literally.
Go for a walk.
Long losing streaks are ordinary and do not mean you need to alter the process.
This can be tough, psychologically.
During a losing streak — or draw down — adjust position-sizing relative to bankroll aka assets under management.
This sort of thing can happen.
In fact, it does happen — regularly.
At this point, you have to put out less money per bet until the process kicks in again.
Staying disciplined is what brings you back, eventually.
You learn a lot by walking past a table and examining the situation.
This means no beautiful, sexually appealing dealers.
I like ordinary, everyday people dealing out the cards.
The same thing goes for the people sitting at the table: I will not sit at a table where cleavage or leg or skin in general is on display.
Card counting requires a high degree of concentration.
Distractions can make risk taking tough.
To take risks is to step blackjack 1000 of the comfortable and secure.
Rock climbing is not for everyone and yet skilled climbers do it all their lives without serious error.
A lot of it.
When taking risks, stay clean and sober.
When counting cards and playing basic strategy, I blackjack rules double had a drink containing alcohol.
Sometimes I ordered a cranberry juice to blackjack 1000 it look as if I had a serious drink, but that was camouflage for the benefit of any pit boss scrutiny.
I never played stoned either.
The concentration required to keep up with the true count is immense.
Meditation is recommended for anyone taking link with money— as anyone working for could tell you.
My Marketocracy work is profiled in The Blackjack 1000 Buffetts Next Door: The World's Greatest Investors You've Never Heard Of by Forbes Investments Editor Matt Schifrin.
I'm a… Read More My Marketocracy work is profiled in The Warren Buffetts Next Door: The World's Greatest Investors You've Never Heard Of by Forbes Investments Editor Matt Schifrin.
I'm a 1972 graduate of the University of North Carolina.


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Total 25 comments.