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Insufficient information that defies odds. Was he counting cards?
No, but he went with a thousand other shipping company CEOs and only him and the UPS guy came out with money.
Invisible Hand Of The Market
I’ve heard this story a few times and supposedly it happened over a weekend but yeah either the guy was a very good card counter and played a ton or recklessly bet it on roulette and got insanely lucky if this is true.
It said blackjack
Seems so absurd to me that there is an officially sanctioned game in the gambling scene that can be gamed by a skilled player to win, and they just blatantly ban doing that, and yet people still play it. Not the game is banned mind you, the winning through logic part. Cant have anyone make bank but, well, the bank.
I mean its legal. They can just deny customers without giving a reason.
Someone has to win.
It just won’t ever be you or me lol
At blackjack? It can be the house every time. Usually it is.
To illustrate, let's play a game. We each put in a dollar, and whoever wins a coin flip gets the two dollars. Completely fair, even odds, right? We'll play until one of us decides to stop or someone runs out of money.
I'll start with $1000 and you start with $10. Let's see how it turns out.
If it helps, picture a graph where the bottom axis is number of coin flips and the Y axis is the amount each player is up or down in total. Each flip can move the graph by $1, up or down randomly. So it's going to bounce a little, because it's random. Some bounces will be bigger than others.
The house can offer you completely fair odds and still take your money just fine.
Are you guys seriously lecturing me about blackjack based on an unfounded and incorrect assumption I don’t understand how it works?
This is like some Internet variation of mansplaining. Do just assume someone doesn’t know something because hand waves and then start lecturing them about the subject?
Yes the house has a seat at the table. It was a boiled down one liner about the follies of gambling and thinking you will win. I don’t need someone to explain blackjack to me or how a casino works. I’m 40 and not that boring.