Oct

14

"Frankly Speaking" from Frank Rosenthal.

Q: Why do you insist that a player can't beat the casinos? Is it the math or some other factor that draws you to that conclusion? I've spoken to several bright players who swear that you're wrong. Would you care to comment? Eddy Rocco. Elgin, IL.

A: It's a no brainer — and you can take it to the bank. Can a player get lucky and score? Absolutely, happens every day. However, as I've stated before, the casinos will grind you down, and eventually send you and the "bright players" that you referred to, all the way to Death Valley, on a one way trip! Case closed.

Frank Rosenthal had a pub in Boca down the street from our daytrading shop. He was fun. We watched Tyson lose his first fight and Mr. Frank was busy micromanaging the girls at the pub to "get those boys another beer."

None of us ever asked him the movie "Casino" questions… I guess that is why he talked to us at length about playing the sports book. 

In the movie there is a scene where Mr. Asia leaves with millions from the casino. So they do whatever it takes to get him back in.  They fake the plane being broken down, so Mr. Asia comes back and plays baccarat but at 10k a hand vs his usual 100k limit… and the gist is when he wins Mr. Asia isn't looking at it as winning 10k it's losing 90k.

Ace Rothstein [the name of the character modeled after Frank Rosenthal in the movie]: "In the casino, the cardinal rule is to keep them playing and to keep them coming back. The longer they play, the more they lose, and in the end, we get it all."


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  1. anonymous on October 14, 2009 4:21 pm

    through nearly 40 years of gambling on everything from A-Z to reading and studying dozens of books on the subject and frequenting Casinos for 25 years, I consider myself an expert on the subject of gaming.

    I wish I had a dollar for everyone who claims they win at gambling or those who claim to be professionals. Statistically speaking it is impossible to beat the odds in a casino. The longer you play the more likely you will lose and the more you will lose. . End of discussion. The only chance that a player has is in the poker room and the blackjack tables. Blackjack has become much harder to beat over the last decade which is why so many in part have moved to poker. Plus the internet has contributed greatly to the rise in popularity of poker. After the rake and the toke, poker can be a tough field to hoe. So the millionaires and the real pros those who make a significant living from the game are few and far between.

    My only comment to those who gamble is do you keep meticulous records. If so, do you record every session and what are your nets. Suddenly the conversatioon becomes quiet.

    So there is an old saying figures lie and liars figure but not in gambling. Just look at the numbers.

    There is a great line in the movie “The Hustler” Bert played by George C. Scott explains to Eddie Felson who the winners are.

    “You want to know who the winner is Eddie? The guy with the money at the end of the night is the winner,”

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