March 14, 2012
The Man Who Broke Atlantic City Don Johnson won nearly $6 million playing blackjack in one night, single-handedly decimating the monthly revenue of Atlantic City’s Tropicana casino. Not long before that, he’d taken the Borgata for $5 million and Caesars for $4 million. Here’s how he did it. via theatlantic.com The tl;dr is that if you’re a high roller, the casinos will make deals with you to lower their odds and give you discounts on your losses. The Tropicana let him play with a 20 percent discount after if his losses hit $500,000, let him play with a hand-shuffled six-deck shoe, the right to split and double down on up to four hands at once, and a “soft 17.” All together this made the house’s odds 50/50. No wonder I never make any money playing $1 Blackjack.

The Man Who Broke Atlantic City

Don Johnson won nearly $6 million playing blackjack in one night, single-handedly decimating the monthly revenue of Atlantic City’s Tropicana casino. Not long before that, he’d taken the Borgata for $5 million and Caesars for $4 million. Here’s how he did it.

via theatlantic.com

The tl;dr is that if you’re a high roller, the casinos will make deals with you to lower their odds and give you discounts on your losses. The Tropicana let him play with a 20 percent discount after if his losses hit $500,000, let him play with a hand-shuffled six-deck shoe, the right to split and double down on up to four hands at once, and a “soft 17.” All together this made the house’s odds 50/50.

No wonder I never make any money playing $1 Blackjack.

8:48am  |   URL: http://tmblr.co/ZXpibyHzfg88
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Filed under: Atlantic City Tropicana Borgata Caesars gambling casinos New Jersey NJ betting $15 million 
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