Casino News

Do you know that feeling when you’re sitting at a blackjack table and the dealer keeps pulling blackjacks to himself out of nowhere? In the 1960s, a discrete mathematics professor named Edward Thorp discovered how to invert that situation. Edward O Thorp didn’t only beat the casinos.

From blackjack in the Nevada desert to algorithms in the skyscrapers of Hong Kong, Bill Benter didn’t gamble – he calculated. And in doing so, he became the richest professional gambler in history.

Casinos invest heavily to attract high rollers – also known as “whales.” These elite gamblers place massive bets and generate substantial casino revenue.

Philip Dennis Ivey Jr. represents a fascinating case study in the world of casinos. Born in 1977 in Riverside, California, and raised in Roselle, New Jersey, Ivey developed a profound understanding of mathematical and psychological aspects of games of chance that transcends traditional gambling.

Walk into most any casino, most anywhere in the world, from Atlantic City to Monte Carlo to Macau, and you will see wall-to-wall gamblers. They play the same games, adhere to the same rules, and generally have a blast.

“Emotion is the enemy of smart betting.” — Tony Bloom

On a humid July evening in 1998, an underdog France team triumphed in the FIFA World Cup Final. Behind the scenes, a little-known gambler had just made a fortune. Tony Bloom, then a quiet analyst in Victor Chandler’s betting operation, had pushed for the company to back France heavily.

Bright lights, big money, major entertainment, and plenty of casino gambling.

Craps is a game with numerous bets available and can be intimidating for those hitting the table for the first time. Dealing the game also comes with quite a learning curve as potential casino workers learn the ins and outs of a game that is fast-paced, has some mathematical considerations, and involves thinking quickly on your feet to keep the action moving.