Playing Blackjack As A Part Time Profession

There is no reason to stop you, taken you know and can play Basic Strategy backwards flawlessly, have the ability to count a deck down in roughly 25 seconds using a counting method, and know 12 or more Advanced Strategies to increase your odds against the online casinos.

Confident about your playing ability and have no problem with the requirement listed above – you are on your way – YOU ARE A PROFESSIONAL BLACKJACK PLAYER already. People require 3 very important things before they will be convinced to becoming a full time professional player – family, security, and finance. In fact these 3 factors will influence any person in any major job decision they take throughout their life, oh….and….where they live! Living in Las Vegas or Nevada is not quite your family neighbourhood!

The lifestyle of a professional gambler could also not be to the players’ liking – nor to his family’s and he may lose more than just his money in the end. They must also remember that Blackjack does not come with full medical or unemployment insurance, and that his finance might not be large enough to cover a long run of losses, or to make the big bets needed to get the big one! It is a big decision, as changing any job should be, perhaps it can be taken slowly?

What if the player could make some sort of achievable goal during the time he still ahs that stable job, family, security, and extra cash to play with? If a player has “professional Blackjack” skills, why not let it work for him?

For example: A part time player has a day job making just under $ 100 / day. He keeps records his play at the tables and has a win : loss ratio of about 5 : 1, (5 wins out of 6 times). He wins on average 6 units of his smallest wager / hour. So…., if the table minimum is $5 and he places bets of between $5 – $25, he normally takes in roughly $30 / hour. Sometimes he wins more and sometimes has also lost $300, but consistency will ultimately pay off.

If a player wants to average wins of $100 / playing session, the same amount equal to his daily earned after tax income. Taking the win : loss ratio of 5 : 1, and a implementing a stop-loss set at $100, this means he had to win $120 5 x to cover for a loss of $100 on the 6th session. The players’ stop-loss is set at $100 (daily work rate and maximum amount he can afford to lose). Each playing session would be treated as if it was a day at work, so…off days would simply be breaking even. Though the game of Blackjack is win some, lose some, a player can effectively double his income per day.

Any good player keeping records can come up with a similar plan or system – if he earns $50 a day and wins 2 out of 3 times, he can set a stop loss of $50 and aim to win $75 each time he plays.

The system can help players contemplating the move to professional, see that the income can remain the same or even be better than their current income at their present “jobs”. They can prove it to themselves and …become profit from playing blackjack. This system will show players what they are capable of, over a period as long as they want, until they feel comfortable to make the move.

Players who make the move to Professional must also realise that this play is a long term game, and not short term as played before. Basic playing principles much the same: small wager with a Count of +1 and larger wagers above it. This strategy is a “slowly slowly” strategy that makes most Counters their money (% advantage x size of bankroll). There are players who no bankroll, and only their table betting to play with. Here a conservative approach must be used to remove volatility from the game.

Some players (Counters) use Jerry Patterson’s “Takedown” strategy. Jerry is the Father of “Alternative Blackjack” with his mentions of biases and strings of small and large cards due to shuffling and card pick-up routines. He explains why and how counters can avoid being ‘caught’ by betting large amounts as the count rises. “Takedown” is a method of betting for non-counters and Jerry explains that players should bet as the count drops, not as it rises, as it is now that the 10s are coming out.

Most successful Counters use a bankroll and increase their advantage when placing each wager based on the count, and end up earning more money long term, riding out the swings of the game. One such swing can result in a player quitting Blackjack play all together, usually having lost all his money. 6 and 8 deck games are the hardest to beat due to shuffling biases, which is hard to prove mathematically. Traditional Patterson betting strategies are more effective against one and two deck games, which are still common in Las Vegas.

Jerry in “Takedown” also recommends that players lock up their winnings and play on to other limits. i.e. a player must set a goal of say $150 for the day, but if he needs to bet out of his $120 win, he must not. If he got to $150, same deal. Jerry calls this a “winlock” and explains that players must divide their winnings into 3 piles.

Using the above example, the player pockets his $120 and place his $30 win in 3 piles, two $5 chips each. He will place bets from 1 pile only. For the next hand he places a 1 chip bet from pile #3. If he loses, he bets the last chip from pile #3. If he lose, he is done for the day. If the player however gets on a winning streak he replenishes pile #3 back to 2 units. He then places the next win on pile #1, then pile #2, and finally to pile #3, the betting pile. He might get these 3 piles up to 8 units each, then hit a losing streak and lose pile #3, then it is time to QUIT. This is an excellent way to maximize your winnings and minimize your loses.

Anger and Stress in Casinos

Casino employees are often vulnerable to a range of physical and emotional problems. Employees who work in casinos are expected to always treat customers with respect, smiles and dignity. Shelly Field, who counts “100 Best Careers in Casinos and Casino Hotels” among the 20 books she has written, said the 24-hour go-go atmosphere found in casinos piles stress on workers. “In the casino business you always have to be `on,’ and that adds to stress. Having to smile and be customer-service oriented on a constant basis becomes stressful in some instances,” said Field. The primary goal is to keep customers in the casino happy in spite of their attitude or behavior. Customers may often be intoxicated or angry over gambling losses. Employees are expected to tolerate rude and often insulting behavior. This can lead to stress, depression, hypertension, heart disease and anger. Since anger is a secondary emotion it is almost always preceded by frustration, stress or some other intense emotion.

Unrecognized and/or untreated workplace stress and anger can lead to an increase in sick day usage, accidents, interpersonal conflicts and poor morale. The resulting frustration experienced by the employee can trigger an angry outburst or employee burnout. According to an article published in CasinoDealers.net. Stress is extremely problematic among casino workers: 75% of casino workers identified stress as a significant cause of job dissatisfaction.50% of surveyed casino workers reported “a lot” to moderate stress.15% of medical claims among casino workers are reported to be stress related. Medical providers report that stress is a major contributor to most physical and mental health problems. Substance abuse, excessive eating and gambling are the principle occupational injuries of white collar and customer service workers. Stress indirectly costs employers $150 billion annually. Unfortunately, 25% of all surveyed managers believe that anger is an acceptable management strategy oblivious to the cost to the company as well as to employee morale. Stress is expensive emotionally, physically and financially for both employees and their employer.

Enlightened risk management and human resource consultants are aware of the business and legal exposure to organizations that ignore the need to address workplace stress, interpersonal conflicts, anger and person directed aggression. The average cost to an organization to defend itself against litigation charging workplace abuse, is $700,000. The introduction of anger management courses which include techniques for recognizing and managing stress, managing anger, improving communication and increasing empathy have been shown to effectively address workplace stress and interpersonal conflicts.

Research conducted at the University of South Florida, demonstrated that when an anger management program was introduced to students in one class, the entire school benefited. Similarly, a twelve month study conducted in one unit consisting of 16,000 employees in the U.S. Postal Service resulted in a savings of 1.7 million dollars. There was an increase in morale, increase in workplace performance, and reduction of sick day usage, a reduction in accidents and a dramatic decrease in workplace conflicts.

In addition to offering anger management to employees who exhibit problems managing stress, communicating effective and demonstrating emotional intelligence; anger management classes can be a cost saving intervention relative to preventing workplace conflict and improving employee morale.

A typical program can be implemented by providing brochures, or pamphlets explaining what an anger management class is and is not. Often, employees are reluctant to attend any program which may imply mental or emotional disturbance. Therefore, it is essential that the course be explained in simply language as a class designed to teach skills in managing stress, anger and improving communication and increasing empathy.

In order to address the stress and frustration often found among casino workers a good anger management program can provide the workers strategies to manage their stress and anger. In addition the essential components of a good anger management program should include skills to improve communication and increase empathy. This is not a program to deal with severe emotional problems and therefore employees should not experience any stigma associated with attending such a class. These courses are generally taught in small groups with approximately 20 employees with separate groups for management and line staff so that each can feel free to express themselves openly. Management staff often benefit from additional training on how to recognize signs of employee stress or depression in their work units.

Conclusion

Casino workers experience a high degree of workplace stress and anger based on the unique nature of their work environment. Like doctors, firemen and law enforcement officers, the stressful nature of the work is not likely to change. Instead, it is the employee who must be taught skills to manage his or her stress in ways that increase rather than decrease his job performance and team morale. The introduction of anger management courses are a cost saving intervention for business and industry.

City Center – The Las Vegas Project That Will Transform the City and Las Vegas Gambling

We heard all of the headlines everywhere. They gambling casinos in Las Vegas are losing money, the casinos in Atlantic City are also losing money and a lot of gaming centers nationwide are tightening up on their budget to get through the next year and a half of tough economic times. This budget tightening has also hurt the job market in these regions that depend mostly on gambling revenues to keep food on their tables, but throughout all this gloom and doom there is one company that still has the guts to bring a big project to Las Vegas and bring many jobs along with it. MGM spending $9.1 billion for its incredible City Center project which will go live by the end of 2009.

What is incredible about City Center is that it is virtually a city within a city. Whatever it you are looking for that you can do within the city whether it is shopping, dining, golf, sports or gambling you will find that you could do it all at City Center. The beauty of City Center is that you can also purchase combo rooms and lived there. It will be a city within a city that is capable of sustaining itself without much help from the outside.

All of this is coming at a time when a lot of analysts are predicting that the economic recession will probably subside in early 2010 and by this time city center will be completely finished and this will bring at least 12,000 new jobs in to Las Vegas. This new project and the new jobs that will be coming in should instantly get Las Vegas back on track to the economic booms that it was enjoying before the recession happened.

Now if you have some hindsight you would look more into investing into Las Vegas homes right now while they are very cheap and sellers can’t even give them away. This new project will also bring in more of the upscale gamblers and visitors that Las Vegas is used to having in its town. This is a very exciting project that I have been waiting for for a very long time to finally happen.

Right now our job is to get by this recession and try to save a little bit more money but it’s good to know that there are incredible projects like this in Las Vegas to look forward to the next time we planned our trip there sometime in the year 2010. The future of Las Vegas sure is looking fun

How to Quit Your Job With Sports Betting – 2 Tips

Do you want to quit your job and discover a better life? Sports betting could very well be the answer. Many people have used it to do just that. In fact, there have been many people who have not only quit their jobs, but also become quite wealthy through sports gambling.

If you want to make the big money in sports betting, you cannot go rushing in blindly. You have to first know what your strategy is going to be. I am the type of person who does not like to waste my time. I like to study the best in the world and short cut my success. In order to make money right away and quit your day job quickly you too will have to learn the secret sports betting strategies.

You have to learn these two critical things:

1. How to pick the winners.

2. And which games to bet on.

Once you know these two things, the sky is the limit. And it really is not as hard as you may think. The reason that most sports bettors fail is because they do not understand these two things. They bet every game under the sun and fail miserably.

They bet a lot of the games where they have very little advantage. And even if they do pick one of the right games, they have no idea how to pick the winners in those games. These are the people that lose their seed money and have very short and unprofitable gambling careers.