If you ve never played before

Blackjack Players

It's the stuff that gamblers' dreams are made of. Blackjack player Don Johnson revealed in a magazine interview how he won $15 million from three Atlantic City's casinos in about five months.

Previously tightlipped about how he did it, Johnson said he played "fair and square" but he did have some favorable conditions when he played single blackjack hands of up to $100, 000.

He won $6 million from the Tropicana; from the Borgata, $5 million, and he took $4 million from Caesar's, all between December 2010 and April 2011. In an interview with The Atlantic, Johnson described how the casinos gave him a 20 percent discount on his losses and slightly more favorable house rules that let him break the bank.

"I guess for the first time in 30 years, a group of casinos actually had a huge setback on account of one player, " Johnson told the magazine. "Somebody connected all the dots and said it must be one guy."

Perks for high rollers, like free hotel stays and trips on jets, are not new to gambling houses. But two years ago with revenues tanking in an unstable market, casinos became desperate to attract big spenders, to the point that they began calling to invite Johnson, a known player, to play in late 2010 with special deals.

Johnson negotiated for discounts as high as 20 percent after his losses hit $500, 000 at the Tropicana and then decided to play. So if he were to lose the whole $500, 000 he'd only have to pay $400, 000.

Johnson admitted to The Press of Atlantic City, taking some losses along the way.

But Tropicana "pulled the deal" after he won a total of $5.8 million, the Borgata cut him off at $5 million, and the dealer at Caesars refused to fill the chip tray once his earnings topped $4 million, according to The Atlantic.

The 49-year-old resident of Bensalem, Pa., said in the interview with The Press that he began playing blackjack 15 years ago, starting with $25 bets. His profession is gambling-related as chief executive officer of Heritage Development LLC, which develops computer-assisted wagering systems for horseracing. His prowess in blackjack, he says, has gotten him banned from some casinos.

Johnson said he did not count cards, which is considered cheating and will get you banned from some casinos, but not illegal. Blackjack players with a trained memory and enough acuity can keep track of which cards have been played and which are still in the deck, thereby maximizing their chances for beating the house.

Explains Richard, a former card counter who today works on Wall Street (and who asks that his last name not be used), "As the composition of the cards in the deck fluctuates, the player's advantage fluctuates. When he knows he has the advantage, he bets higher. When he knows the advantage has shifted to the house, he bets lower. Not only do you change the amount of your bets, you change your playing strategy: When you know it's to your advantage, you hit a hand you'd otherwise have decided to stand on."

Alan, a professional gambler who asks that his last name not be used, adds, "Even under normal circumstances, the house's edge is small against a knowledgeable player. The size of the edge depends on the variation of the game that's being played, but it can get down to less than 1 percent. Card counting can turn the edge against the casino, which is why management bans card counters when they're caught."

Henry Tamburin, author of "Blackjack: Take the Money and Run" and editor of Black Jack Insider Newsletter, said it was "unheard of" but not impossible that he was getting a discount of 20 percent on his losses.

"A 20 percent discount?" Tamburin asked, "but if that's true, and you're only losing only $8 out of every $10 you bet, you've already got an edge if you just keep banging away. All you'd have to do it bet at high levels and use basic strategy."

Alan puts it more bluntly: "I can't believe casino management would be so dumb as to lose its edge entirely by increasing the [per hand] limits to $100, 000 and by forgiving 20 percent of the player's debt."

But perhaps they were. As the CEO of the Tropicana said in early May, referring to his casino's loss of $6 million to an undisclosed player assumed to be Johnson, "We ran very unlucky."

In fact, it was the first time since the casinos opened in Atlantic City in 1978 that a gambling house lost money at the game of blackjack over a particular month, a spokesman for New Jersey's Casino Control Commission told The Star Ledger: "It's extraordinarily unusual for a casino to lose money at the game of blackjack in a particular month, " the spokesman told the paper.

You might also like
Ken Uston - Professional Blackjack Player
Ken Uston - Professional Blackjack Player
Top 10 Tips For Beginning Blackjack Players - Part 1
Top 10 Tips For Beginning Blackjack Players - Part 1 ...
Blackjack Winner - Be a better player and stop losing your money with the best strategies: Start winning - learn perfect basic strategy and card counting to win more money in the casinos
eBooks (Blackjack-Vegas)
Howie Mandel Speaks / Bruce Hits the Boards / The Best Blackjack Games in America / Multi Strike Poker: A New Kind of 4-Line Video Poker Game Hits the Casino Floor (Casino Player, February 2003)
Book
Caribbean Casinos: Cast Away the Cold! / Advanced BJ Strategy: From Basic Strategy to Going Pro / The Best Blackjack Games in the USA / Bally's Las Vegas (Casino Player, February 2004)
Book
GRÜV GRÜV Premium Case - "King of Clubs Playing Card Poker Blackjack" Design - Best Quality Designer Print on White Hard Cover - for Apple iPod Touch 5 5G
Wireless (GRÜV)
  • Express your unique personality with a vibrant & stylish GRÜV case!
  • Designs are printed directly onto the slim-profile case using a premium UV-cured ink system. The image is permanent and will not scratch or wear off. NOT A DECAL...
  • GRÜV cases are made from 100% Polycarbonate for high durability, and are tailor-fit to allow full access to the ports, buttons and camera. To better care for the...
  • Each case is supported by a full 90-day satisfaction guarantee from GRÜV.
  • Compatible only with Apple iPod Touch 5 5G. Check your phone model carefully before ordering.
Motorola G 1st Generation Flip Case casino online gambling technology and people concept close up of poker player with IMAGE 34814817 by MSD Customized Premium Deluxe Pu Leather generation Accessories
Wireless (MS Depot)
  • MADE IN USA. Designed, Printed and Shipped out of our California Facility. Item is sold under our Private Brand MSD ONLY. 100% Satisfaction GUARANTEED, be aware...
  • Please Search casino online gambling technology and people concept close up of poker player with IMAGE 34814817 for other products of same design from MSD Products
  • COPYRIGHTED material. Non-exclusive display rights granted to MSD . Thousands of Royalty Free Stock Images available and UPDATED DAILY. Search and visit our Amazon...
  • Our products are HANDMADE and Custom Printed upon Order. Due to HANDMADE processing may take 1-2 business days. Please Visit us for more Cell phones, Tablet cases...
  • This Flip Case is Designed and Made for 1st Generation Motorola G This case uses High quality PU LEATHER case along with a durable hard shell case deliver instant...
Related Posts
Our Sponsor:
LiveCasinoGuru - Actual project about Live Dealer Games