The Book That Caused Casinos to Change Their Rules

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The Book That Caused Casinos to Change Their Rules

Gambling has become an extremely popular type of pastime over the past century. Now, you can play casino games online or in an actual gambling house, even in Poland. Such popularity is not surprising because it is always exciting to play your favorite games and get bonuses. In addition to that, you can win a lot of money just while having fun.

Since Polish people love this entertainment, they also like reading books about casino games and gambling. Some of them even caused casinos to change their rules. So, let`s learn about one of these books. This is also a concern to online casinos, since the organizers themselves do not see their player and cannot determine what he is doing during the game. Therefore, even now, you can see that every so-called kasyno online w Polsce 2023 carefully develops the rules for the players, and all this, including because of the books.

What Is ‘Beat the Dealer'?

‘Beat the Dealer' is a book written by Edward E. Thorp in 1966. Another name for it is the original card counting manual. According to the author, the house does not necessarily win, and there are a few things you can do to win in Blackjack.

Some of the author`s achievements are:

  • He founded the Princeton Newport Partners fund (1969-1988, average return of 19.1% per year) and the Ridgeline fund (1994-2002, average return of 21% with 7% volatility);
  • He created the first portable computer;
  • He developed a system for trading warrants and convertible securities such as options, bonds, and preferred stock;
  • He was the first to model option market pricing, several years ahead of Black and Scholes with their famous formula;
  • He was the first trader to use convertible and statistical arbitrage strategies;
  • He was the first to recognize the signs of fraud in Bernard Madoff's scheme.

In this book, you will find the method of counting tens that was presented in detail in the book`s first edition. It was utilized so successfully by thousands of its readers that Las Vegas casinos changed the Blackjack rules for the first time in history. Those changes were unsuccessful, though, and gambling houses canceled them. When the author wrote his book, he anticipated such changes and explained how to keep winning, which means that the book is still useful.

For more than half a century, the question the author has been asked most often is whether it is still possible to beat a casino with the strategies described in ‘Beat the Dealer'. And while time passes, the answer is still in the affirmative, albeit with some reservations.

Once a year, some of the world's best players gather for a "blackjack ball," held at a private estate where only invitees are allowed. To win hundreds of thousands of dollars a year, as many of them do, it takes commitment, organization, and hard work even more than before. Fewer and fewer blackjack tables remain that retain the original rules of the game. At other tables, the game has changed for the worse. Nevertheless, using this book, you will quickly learn, even without counting cards, how to play in favorable cases with close to equal odds. By mastering the simplest card-counting skills, you can gain a modest advantage. Those gifted players who are not afraid of the difficulties of practice and practical application of what they have learned will be able to reach the professional level.

Is ‘Beat the Dealer' Still Popular?

‘Beat the Dealer' has sold more than a million copies, and thousands of Polish readers have shared how it has affected them. Some have used it as a guide to enrichment. Others were more interested in its stories and insight into the world of gambling. Readers related to math, science, and technology were interested in learning about innovative uses of computer programming and probability theory.

At the same time, there are readers who have applied what they learned in this book to the world outside the online casino. Blackjack bankrolls spawned horse racing syndicates, stock trading firms, and investment fund management specialists. The method mentioned in the book helps people to determine the size of bets in each particular situation as applied to Blackjack is now used by investors, brokers, and asset managers in the stock and debt markets.

Updated 09:08 PM UTC+8, 14 Feb 2023
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Ken Karlo Staff
Ken Karlo Staff
Staff
 
A KenKarlo's staff that's responsible for publishing articles related to technology, press release, news, guest posts, and other category.
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