Gambling for a Living: How to Make $100,000 a Year

Gambling for a Living: How to Make $100,000 a Year

Gambling for a Living: How to Make $100,000 a Year

Gambling for a Living: How to Make $100,000 a Year

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Overview

Is there really such a thing as a professional gambler? The answer is an unequivocal, "Yes!" This book's authors are but two examples. Many thousands of people around the country make a good living exclusively from gambling. It is not easy, but it can be done. The key is to understand which games are beatable and know how to beat them. David Sklansky and Mason Malmuth have spent many years writing about the finer points of poker, blackjack, and other beatable games. As you will see in the book, those other "games" are horses, sports, progressive slots and video poker, casino tournaments, and special promotions. They don't include craps, roulette, keno, or baccarat for reasons they'll explain. This book, was written for the not quite as experienced aspiring gambler. It shows you everything you need to learn and do if you want to gamble for a living from both the practical and the technical standpoints. The rest is up to you.

Product Details

ISBN-13: 9781880685167
Publisher: Two Plus Two
Publication date: 10/04/2022
Series: Sklansky Poker/Gambling
Pages: 332
Sales rank: 705,901
Product dimensions: 5.46(w) x 8.50(h) x 0.87(d)

Table of Contents

>
A Quick Note5
Part One: Blackjack 7
Introduction 8
The Game Itself9
Why Basic Strategy? 11
Basic Strategy 12
How Did Basic Strategy Come About? 19
Introduction to Counting 22
The Theory Behind Counting 24
How to Count28
Betting Strategy 31
Strategy Changes32
Turning the Theory into Money 34
Turning the Theory into Money 37
Bankroll Management 38
At the Tables 41
Camouflage Plays 45
One or Six Decks 47
Preferential Shuffling 50
Team Play 52
Other Ways to Beat Blackjack 55
Double Exposure Blackjack 59
In Closing 60
Part Two: Betting Sports 61
Introduction 62
You Don't Have to Bet 64
Why the Line May Be Off66
Other Ways of Finding Good Bets 74
Looking at the Past (Carefully)77
Half-Time Bets 80
Mathematical Bets 82
Totals 85
Regression to the Mean 87
Notes on Baseball 90
Future Bets 93
Parlays 96
Teasers 98
In Closing 100
Part Three: Horse Racing 101
Introduction 102
Pari-mutuel and Nonpari-mutuel Race Books 105
Overlays 108
House Quinellas 109
Place and Show Bets 112
Exactas 117
Pick Sixes and Other Exotic Bets 121
How to Pick Winners 125
Eliminating the Favorite 128
Watching the Races 130
Analyzing Past Results 134
Handicapping Tournaments 135
In Closing 136
Part Four: Slots and Poker Machines 137
Introduction 138
Progressive Machines 139
The Underlying Theory 141
The Payoff Schedule 143
Your Profit Potential 145
Jacks-or-Better Strategy Tips 147
Standard Slot Machines 149
Slot Clubs 151
Beating Nonprogressive Poker Machines 153
Deuces Wild Strategy Tips 156
In Closing 157
Part Five: (Usually) Unbeatable Games 159
Introduction 160
Roulette162
Craps 166
Keno 170
Baccarat 173
Other Games 176
In Closing 177
Part Six: Casino Promotions 179
Introduction 180
Blackjack 183
Craps 187
Sports Betting 189
Video Poker 192
Other Games 194
Coupons 196
In Closing 198
Part Seven: Casino Tournaments 199
Introduction 200
What Is Involved in a Tournament 201
Getting an Edge 202
Some General Principles 203
Examples 206
In Closing 209
Part Eight: Poker and Poker Tournaments 211
Introduction 212
Reading Books 215
Picking Good Games 217
Defining a Good Game 221
Game Size 222
Bankroll Requirements 224
Play Your Best 226
Patience 228
Strategic Concepts 229
Tight Play 229
The Size of the Pot 230
Pot Odds 231
Aggression 232
Position 233
Deception 234
Psychology 235
The Last Round 236
Upcards237
Head Up Versus Multi-way 239
Game Theory 241
Reading Hands242
Thinking Ahead 243
Your Hourly Rate 244
How to Play a Tournament 248
Seven-Card Stud Primer 252
How to Play 252
Strategy Tips 253
Starting Hands 256
Play on the Later Streets 257
Texas Hold 'em Primer 260
How to Play 260
Strategy Tips 262
Starting Hands 264
Play after the Flop 266
In Closing 270
Part Nine: Putting It All Together 271
Introduction 272
Where Should You Live? 274
How Much Do You Need? 277
When to Quit by Arnold Snyder 280
In Closing 284
Appendix A: Probability 285
Appendix B: Recommended Reading 295
Gambling Theory 295
Blackjack 297
Poker 300
Poker Videos 305
Video Poker 306
Horse Racing 307
Other Topics 307
Index 309
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