Making a living at blackjack
Apr 09, · The blackjack pro says that it isn’t easy to win consistently for some people to make a living. However, it is possible for some to make a living by playing blackjack. Finding a good blackjack game in Las Vegas isn’t difficult. The player says there are . Theoretically yes, realistically no. Card counters have been known to be highly profitable if they have the skills to maintain advantage. Entire teams have done organized counting to remain active without being caught and done quite well financial. Dec 23, · A professional blackjack player is someone who makes his living playing blackjack. Since blackjack is a negative expectation game unless you use some kind of advantage gambling technique – usually counting cards – it requires a lot of skill to pull off.
Is it really possible to make a living playing BlackJack?
To earn a long term living wage at this game; requires some degree of smarts. What's complicated about keeping an Excel spreadsheet, or even a paper log of session results, and a daily diary of expenses? Still have questions? Free food is ok; not sure whether gamblers attract more beautiful girls than other folks - everything else you mention is tough not easy. There is a great book on it called Blackjack for Blood. To each his own but be forewarned its not easy There is no simple answer.
Making a living playing blackjack
Thread starter airasia Start date Jan 19, If you still can, how many of you do? And where do you play? Yes, but not me. There are pro's out there playing full time and making a living. My guess is you have to be willing to play many different places at different times of the day, being very careful not to wear out your welcome. LV Bear Administrator Jan 23, How can it be tax free? Being a skilled player does not mean you become a tax criminal.
I believe the vast majority of skilled players accurately report their incomes and pay their taxes honestly. Why would you think otherwise? I have never received tax forms from any casino when I win, because they do not know if you lost the night before. Sure if you want to get technical and declare all you can, and you can even declare loses too.
Casinos and the IRS know its a complicated task. Your CPA is advocating criminal behavior The lack of a reporting requirement for the casino does not make the income "tax free. What's complicated about keeping an Excel spreadsheet, or even a paper log of session results, and a daily diary of expenses? Record-keeping is a requirement for all businesses; advantage play is no different. Not reporting your profit from casino games on your tax return is a crime.
I asked this question before but did not get any answer. Do you think it is possible to play and win, playing Black Jack in a real casino, or not? It's possible to win at Black Jack but to make a living no. My uncle used to do it, he's insane at counting cards and such, and he said they now use more decks in Black Jack making it nearly impossible to count. You must learn to count cards to play blackjack well.
There is a great book on it called Blackjack for Blood. If you can count cards well enough, you can win consistently at blackjack. Many casinos use 4 to 8 decks of cards in the shoe to thwart card counters. If you really search carefully, though, you can still find some single deck games here and there in Vegas. You have to be very intelligent and have a great memory, and have a system that works well.
Even if you can do it at home, you throw in dealers, pit bosses, noises, cocktail waitress, stupid tourists asking you questions, and the whole thing becomes nearly impossible to keep track of. Second, you have to play single deck or double deck games to really get an advantage by counting. The casinos know this, so which games do you suppose they monitor the closest?
While it is NOT illegal to count cards, the casinos will throw you out if they suspect you are doing it. They watch their sensitive games very carefully, and they won't hesitate to bounce you out if they even think you're up to something.
If you get caught enough times, they will ban you forever, from every casino. It's hard to imagine how you could win week after week without being discovered. Third, you need a VERY large bankroll to sustain the variance the up and down fluctutations that you cannot control. It is possible to lose many hands in a row even while you're counting, so you must have enough money to sustain those fluctuations until your statistical advantage evens it out.
Blackjack also known as twenty-one or sometimes pontoon is one of the most popular casino card games in the world. The name blackjack comes from the fact that when blackjack was first introduced in the U. One of those was a to-1 payoff for a hand consisting of the ace of spades and a black jack that is, the jack of spades or the jack of clubs.
With the current rules, a blackjack hand doesn't even need to contain a jack. A blackjack game has a dealer and one or more players. Each player plays against the dealer. All players are initially dealt two cards and the dealer is dealt one card face down and one face up these are called the hole card and up card respectively. Each player can then hit ask for an additional card until her total exceeds 21 this is called busting or she decides to stand stop taking cards for the rest of the hand.
Face cards count as 10 and an ace may be counted as 1 or After all of the players have finished, the dealer reveals the hole card and plays the hand with a fixed strategy: hit on 16 or less and stand on 17 or more.
The player loses if she busts and wins if she does not bust and the dealer does observe that if both the player and the dealer bust, the player loses. Otherwise, the player wins if her total is closer to 21 than the dealer's. If the player wins, she gets twice her bet; if she loses, she loses her money. If the dealer and player tie it is called a "push;" the player keeps her bet but does not earn any additional money. If the player's first two cards total 21, this is a blackjack and she wins 1.
Soft Hand. A hand that contains an ace that can be counted as 11 is called a soft hand, since one cannot bust by taking a card. With soft hands, the basic strategy is to always hit 17 or less and even hit 18 if the dealer's up card is 9 or 10 where the 10 refers to a 10, J, Q, or K. Doubling down. After the player is dealt her initial two cards she has the option of doubling her bet and asking for one additional card which is dealt face down. The player may not hit beyond this single required card.