💰 Michael Shackleford Is the ‘Wizard of Odds’ – Observer

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Learn to play blackjack optimally by memorizing a basic strategy chart.. and then use the Wizard of Odds calculator to get a printable chart of ...


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Background A computer is an ideal tool to examine the interaction between statistics and strategy.
This is because while strategic problems tend to be theoretical, they are also meant to have real world consequences, and these are reflected through statistical outcomes.
In many cases, the statistical outcomes are too difficult to study by hand, so it is no gambling blackjack to do awhich is several https://pink-stuf.com/blackjack/213-blackjack-payouts.html trials, to try and tease out patterns.
Poker is an extremely complicated game, there are over ten trillion possible hands of poker between two people.
I decided to start off a little simpler, and try to do this for Blackjack.
A special thanks towhose chart I used to design my strategy function.
The code used for this project is on myas it is too long to paste here.
Rules of Blackjack Blackjack is a game which a player plays against a casino.
Both the player and the casino try to get cards that add up to as high a number as possible without crossing 21.
Crossing 21 means you automatically lose.
If both the player and the casino both cross 21, the casino wins.
Each numerical card 2—10 is worth its number, an ace is worth 1 or 11, a face card is worth 10.
Note that this means there are effectively 4 times as many 10s 10, J, Q,K as other cards.
There are various other caveats, like blackjack bonuses, splits, and doubles, which you can read about at this.
I encoded every recommendation of the wizard of odds blackjack chart into a function, BlackJackStrategy.
Phase 2: Simulate Trying to simulate each hand of blackjack was by far the most challenging part of this project.
I first created a random deck with all the numbers, and four times as many tens.
Then, using a random number generator, I dealt the player two cards, and wizard of odds blackjack chart dealer one card, and used basic blackjack strategy to decide how the player would act, and determined the outcome using the rules of blackjack.
Note: I use a simulation that assumes an infinite number of decks of cards, since casinos often use 6—8 decks, this should not change the results too much.
This will reduce the variance a little bit, but wizard of odds blackjack chart a negligible amount.
Phase 3: Repeat Simulations, and Experiment Repeating the simulations was by far the easiest part of the project, just repeating my blackjack hand function how many ever times I wanted.
I tried this by simulating a million hands, a few times, and found that you will lose somewhere between 10 and 40 cents.
What happens if we double instead?
While having two 10s vs a 6 is still immensely profitable, it costs the player 10% of their bet to split 10s.
Conclusion It is possible to test every single aspect of basic blackjack strategy by changing the hard coding and seeing which method works best in the simulations.
It was quite fun to code and test, and I look forward to applying similar methods when studying other strategy problems.
Maths graduate, former algorithmic trader, aspiring data scientist.
Played over 5m hands of online poker.
Welcome to a place where words matter.
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Michael Shackleford Is the ‘Wizard of Odds’ – Observer
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WIZARD'S SIMPLE BLACKJACK STRATEGY. by Michael "WIZARD OF ODDS" Shackleford. Michael Shackleford is the author of the book "Gambling 102," ...


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Wizard of odds blackjack chart 6-5 blackjack is becoming more prevalent in Las Vegas casinos, mathematician Michael Shackleford says to look for wizard of odds blackjack chart full 3-2 payout on a winning blackjack.
Michael Shackleford is a gambling aficionado and a mathematician.
As the owner of the website, the former actuary and adjunct professor of casino math at the UNLV has spent countless hours calculating the odds and figuring out strategies for most of the games in casinos in Las Vegas and around the country.
Shackleford says the biggest misconception people have about blackjack occurs when every player at a table loses.
Never think, how to make a blackjack game time 6-5 blackjack.
Always insist on the full 3-2 on a winning blackjack.
The cost of wizard of odds blackjack chart 6-5 blackjack is an increase in the house edge of 1.
If that fails, ask the dealer.
The house edge of insurance is 7.
The insurance and even-money bets are side bets that appear to help the player reduce possible losses.
Surrender 16 against a 10, if allowed.
In early surrender a player can forfeit a hand and cut their bet in half before the dealer checks for blackjack.
In late surrender, the player can surrender a hand and halve a bet after the dealer checks for blackjack.
Look for a sign stating the rules, or ask the dealer.
A good rule of thumb is to double soft 13 to 18 against a medium dealer card of 4 to 6.
In this case, a soft 13-18 means your two cards add up to somewhere between 13 and 18 and one of the cards is an ace.
But of course there are exceptions.
For example, the player should not double soft 13 or 14 against a 4.
Never make side bets.
They are all sucker bets, with a house edge up to 20 percent.
Side bets are increasingly popular on many casino table games, including blackjack.
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Before getting to know more about Wizard of Odds blackjack strategy, it would be better to have a basic understanding of the rules pertaining to blackjack.


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Michael Shackleford Is the ‘Wizard of Odds’ – Observer
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A late night gambler plays the slot machines 03 May 2005 in Wizard of odds blackjack chart Vegas,Nevada.
Fermat and Pascal developed the concept of probability theory from correspondence started when the Chevalier de Mere asked them to settle a gambling problem.
Today, the authority on casino games is Michael Shackleford, the Wizard of Odds.
His website,provides data, advice, calculators, and simulators for players in hundreds of variations of casino games.
When the media needs an answer, they ask Mr.
He also follows his own advice; he is a successful professional gambler.
The casinos respect his knowledge to hire him to consult on game design, payouts, and discerning patterns in their operating results.
Hash Tag in Vegas Mike was nice enough to have breakfast with me recently in Las Vegas.
Shackleford is generally accessible to the media, I am lucky to get this block of his time.
He told an interviewer for LiveScience.
To be safe, I arrived fifteen minutes early.
He has salt-and-pepper hair, a sun-creased face, and is tall and fit.
He looks like a grown-up California kid he turns 50 in May who spends a lot of time outdoors on wizard of odds blackjack chart like hiking and bicycling.
What he does not look like is a man who earned his living in casinos or hunched over a computer.
He also loves travelling and has been a devotee of unicycling and juggling.
He also collects license plates and math problems.
He has a website displaying the math problems.
Blackjack and Baby Names Michael Shackleford was born in Pasadena, California, on May 23, 1965.
He grew up in Orange Wizard of odds blackjack chart, where he lived until 1992.
He received his B.
From childhood Mike was interested in games, math, and odds.
Not surprisingly, when he turned twenty-one, he started playing 21.
Over the next several years, he took a series of actuarial examinations.
In 1992, he moved to Baltimore to work as an actuary at the headquarters of the Wizard of odds blackjack chart Security Administration.
Note who has more chips.
This is how Michael killed time on camping trips.
Photo: Michael Https://pink-stuf.com/blackjack/blackjack-155-vs.html The move East put his blackjack hobby on hold.
The six- and eight-deck games in Atlantic City were not as favorable as the single- and double-deck games of Las Vegas.
In 1997, while still at SSA, Mike demonstrated how his dexterity with complex data and sense of fun were never far apart.
With his wife expecting their first child, he wrote a program to sort Social Security card applicants by year of birth, gender, and first name.
Years later he wrote on Nameberry.
It was too good to keep to myself; I thought here whole country would want to see this.
The baby name information became a media sensation.
In early 2000, the site began accepting advertising, and soon after, he left SSA to work full time on the website and casino consulting.
His 2002 scoop on Las Vegas slot machine returns demonstrated his ability and instincts.
Shackleford could obtain and explain complex material.
He also had the imagination to anticipate and feed public appetites.
Unlike combinations of dice or cards, casinos can program returns on individual slot machines by changing the reel stripping.
Shackleford got access to casino par sheets, went to the casinos, and played the machines long enough to determine the reel-stripping settings.
No one had seen this information before.
Once available, everyone wanted to know it and quickly understood it.
It was like the baby-name list, for slot players.
Over a decade later, those rotten airport slots still get plenty of action.
The casino at the top of his nickel-slot survey, the Palms, splashed his conclusion on billboards for years.
The infamous billboard Photo: WizardOfOdds.
In the years since, Mr.
Shackleford has earned the right to be considered a gambling authority.
His accessibility and adroitness with the media has multiplied exposure for his site, especially when a casino issue — or simply a question of long odds — enters the news cycle.
The website now has detailed rules and optimal strategy pages for approximately 200 games.
For blackjack players, the site covers blackjack strategy card advanced variations.
An additional series of game calculators allows players to calculate odds, returns, and strategy for any casino variations later introduced.
The page notes Faro was played in Reno as recently as 1985, but its height of popularity was in the Old West, when you could run into Wyatt Earp or Doc Holliday dealing the game.
All this advice is not static.
The game uses a 64-card deck a standard deck plus four 11s, 12s, and 13s.
Following optimal strategy on a multicolored chartthe house edge is 1.
If you are at a Grosvenor property or on Royal Caribbean, should you make the Protection side bet, paying 5-to-1 with a multiplier increasing the payout to as much as 200-to-1 for busting on your first two water casino free games bodog />If you do, you are ceding the house an edge of 8.
The Player How does the Wizard of Odds find time to play games on his own account?
What does he play?
As a further complication, Mike is ridiculously efficient about spending his time.
But I would go there if it was just making a right turn.
And I will plan my whole day so that I make a right turn instead of a left turn.
Still, he has played relatively little blackjack since moving to Las Vegas in 2001.
By then I was making good money from my web site and consulting, especially in comparison to what I could make at the tables.
One of his favorite games to analyze and play in a casino has been Pai Gow Tiles.
It is a complicated game with rules like Pai Gow with a touch of Baccarat and game equipment like Mah Jong or Dominoes.
Shackleford for several reasons.
First, it has rarely been analyzed, so it provided him a new and challenging puzzle for wizard of odds blackjack chart optimal strategy.
Based on his analysis, a player plays nearly even with the house and occasionally has a small edge.
Second, he gets a kick out of being one of the relatively few non-Asians at the table.
Third, the game is fun when played at a casino with friends, giving him a break from his mostly solitary pursuits in gambling.
As a bettor, Shackleford has focused over the last several years on sports betting, specifically NFL games.
Photo: Michael Shackleford He will bet other sports if he finds the right opportunity.
The profusion of online sports books must be a giant amusement park to Michael Shackleford.
He told me about one situation where he was so successful that the site — and every other Internet casino — stopped offering the bet.
However, if you sell too many, then it becomes a good value for the player.
They should be increasing the price on an exponential basis, but most places incorrectly do it on a geometric basis.
I calculated at the time that a fair price to buy 5 extra points was 233.
So, I was getting a 3.
It may not sound like much, but I was betting every game, and both sides on most of them.
He rarely had a losing day.
This was not a feat of inside information or experience scouting and handicapping the NBA.
It came from recognizing and exploiting the opportunity the site provided.
He made no attempt to disguise his strategy or identity.
The Advisor Mike started his gaming consulting business even before he moved to Las Vegas.
The number of game designers has multiplied over the last few decades.
The number of casinos, especially online, has also exploded.
Only a small amount of his consulting has been for land-based casinos.
A main area of his consulting has concerned game design and testing.
They always want to see more math.
When that happens, they hire Mr.
Shackleford to figure it out and explain it to them.
He discovered that one client, an Internet casino, offered a pay table that wizard of odds blackjack chart gave a player a 20% advantage.
Usually, the result is less obvious and requires analyzing mountains of data.
He described one casino that had a bad month in table games and asked him if, based on the results, they were doing something wrong.
He reviewed results from every shift, then every pit, then every table, and then from every player.
One player got lucky in blackjack.
Mike said it should be doing the opposite, because encouraging him to play more was its best continue reading to this web page back that money.
Perhaps I should have expected this from a famously methodical analyst of games.
Beating casinos or joining them is riskier business than even Michael Shackleford can make it appear.
In May 2014, despite nearly fifteen years as a successful operator of WizardOfOdds.
Never mind that WizardOfOdds.
Instead of having advertisers pay an account at, say, Bank of America, he had to accept the money initially at a Cyprus bank.
He had to eat the loss and continue transacting with another Cypriot bank, which apparently decided it could simply ignore his requests to withdraw money.
In September 2014, he sold WizardOfOdds.
Based on his initial experience with the new owners, he has declared that he hopes to stay on even longer.
He also finds himself in the crossfire of the continuing war between casinos and players.
Because he advises casinos, some players consider him a defector.
I look at it online blackjack casino 888 the wolf and the sheepdog in the Looney Tunes cartoons.
We can be friends but once we punch our time cards and the whistle blows, we work against each other.
When it blows again and we punch out, we go back to being friends.
As an extra tool at Mr.
Michael Craig is an author, journalist, and lawyer.
He has written four books, including The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time.
Follow him on MikeCraigIsAmok and.
This article is part of his collaboration with and on the lives and games of smart, interesting risk takers.

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