Thursday, March 5, 2009

Reading that ghosts can help you win at blackjack makes me a whole lot less apologetic about my "wacky" gambling theories!

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My target betting method has been taking pretty good care of me for the best part of 30 years, and since the idea first popped into my head in Las Vegas in 1978, I must have written at least a million words about it, and illustrated it with tens of thousands of spreadsheet and photo files.

Blogging suddenly struck me as the perfect way to get other players (not gamblers!) involved because I have been working on a blog about a completely unrelated business topic for the last few weeks, and have found it an ideal forum for fresh ideas and observations.

Probably each new entry will have to be headed with a repetition of the following:

Anyone who has ever gambled for more than an hour or two knows that all casino games have a house advantage that makes it impossible for even the luckiest player to win more bets than he loses in the long term. It follows that anyone betting flat or random amounts is also sure to lose more money than he wins. Target betting is about wagering in such a disciplined and consistent way that you win more when you win than you lose when you lose. Impossible? Follow these rules, and you will learn that losing more often than you win can actually make you a winner, without the help of psychic powers or friendly ghosts.

The ghost reference comes from a post I just tripped over that makes for great reading but may not be inspirational to anyone who doubts that dead people are luckier than live ones (probably the opposite, in fact).

I don't plan to repeatedly defend the concept of target betting. I have done that in three or four versions of a book that I have been writing and rewriting for decades without changing the core concept that dates all the way back to March of '78.

One of these days, I will get the book right (write?), although by then I may have concluded that I am better off keeping my ideas to a limited audience and simply using them to make steady money in casinos.

An important reminder: The only person likely to make money out of this blog is you, Dear Reader. There's nothing to buy, ever, and your soul is safe (from me, at least). Test my ideas and use them or don't. It's up to you.
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