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A comment on Beating the bookies – how the online sports betting market is rigged. Parent comment

Re:Beating the bookies – how the online sports betting marke... by downandout on Saturday October 21, 2017 @05:13PM (#15523651)
the casinos simply ask you to leave if you win too much.

I was actually backed off from the first place I went to after I learned how to count cards while I was losing. If the pit boss or dealers know how to count themselves and identify you as a counter, they want no part of it. In most cases, they'll either "flat bet" you (tell you that your initial bet is your maximum), or they'll tell you that you cannot play blackjack there. Actual barrings usually don't occur until the second or third offense.

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Re:Beating the bookies – how the online sports betting marke... by iopq on Saturday October 21, 2017 @07:26PM (#15524171)
That's only if you vary your bet size. That's a definite tell.
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Re:Beating the bookies – how the online sports betting marke... by DennisP on Saturday October 21, 2017 @08:51PM (#15524500)
How do you profit from card counting without varying your bet size?
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Re:Beating the bookies – how the online sports betting marke... by darepublic on Saturday October 21, 2017 @09:02PM (#15524520)
I guess you could always count from the sidelines and bet only in advantage spots. Not very practical I suppose but card counting in general seems pretty implausible these days
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Re:Beating the bookies – how the online sports betting marke... by DSMan195276 on Saturday October 21, 2017 @09:44PM (#15524676)
One strategy I know of is to have multiple people. One person sits at the table and always bets low, the other always bets high but only sits down if the person at the table signals to them that the odds are good (They can be off doing other stuff while the low-better is doing the counting, so they're not just standing around waiting).

You're still right though, the odds aren't that great and once they get a hint you're doing something weird you'll get thrown out.

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Re:Beating the bookies – how the online sports betting marke... by mateo411 on Sunday October 22, 2017 @01:03PM (#15527739)
That's what the MIT blackjack team did in the 90s.
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Re:Beating the bookies – how the online sports betting marke... by spapas82 on Sunday October 22, 2017 @10:25AM (#15526960)
That was the strategy used in the '21' movie with Kevin Spacey which was actually based on a true story!
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Re:Beating the bookies – how the online sports betting marke... by iopq on Saturday October 21, 2017 @09:38PM (#15524657)
Have someone else sit at your table when the count is good and bet high
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Re:Beating the bookies – how the online sports betting marke... by nasredin on Saturday October 21, 2017 @07:31PM (#15524192)
Probably more polite than when organized crime was involved in Las Vegas casinos.

There's card-counting software called Casino Verites (IIRC).

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Re:Beating the bookies – how the online sports betting marke... by deusofnull on Saturday October 21, 2017 @08:31PM (#15524438)
the situation is certainly more polite these days, but is organized crime really not involved anymore?
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Re:Beating the bookies – how the online sports betting marke... by gaadd33 on Sunday October 22, 2017 @12:32AM (#15525173)
Most of the casinos are publicly traded, so for them to be involved someone would have to be lying on the financial statements submitted to the SEC. SOX would make that illegal at best and I believe reward anyone who blew the whistle on it with a substantial reward.

So if they are involved it would be more likely related to contracted services and such where you could pad the actual cost by a large amount and no one is going to look too closely.

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Re:Beating the bookies – how the online sports betting marke... by anonyx69 on Tuesday October 24, 2017 @12:55PM (#15543053)
That's why it's done in teams.
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