Game Vigorish (Cont.)

I just mentioned a couple of gambling opportunities where you have less chance of winning than if you had to walk a mile, barefooted, over broken glass, and come away Without a scratch. But to lump every gambling entity under the same vigorish roof is stupid, which brings me to these math people and their erroneous preachings.

Every gambling outlet has a vig attached to it. It varies according to the particular game but these people tell you not to play craps, even placing the 6 and 8, which has a vig of 1.51 attached to it. Gimme a break. They tell people to play blackjack because the vig is 1.50, if you are a perfect blackjack strategy player. They encourage you to play blackjack if you are a counter and have the edge in your favor, to the tune of 2 percent. What hogwash.

I can count a deck of cards in twelve seconds, have impeccable discipline, a fabulous money management gambling system, a strong bankroll and know exactly, what move to make against that dealer in the blink of an eyelash. But when that dealer turns over a power card as her up card, where is that 2 percent edge?

The casino or sports book or racetrack has every right to charge a vig to the game they offer. They provide the opportunity, the games, the lines, the horses, the tables, the cards, the chips, and on and on. They should be compensated for giving us the opportunity to gamble. We can walk away any time we want. But most people don't, because they ain't smart enough to see: "70 percent of the people who gamble, etc. etc."

As for myself, I bet on sports 365 days a year and fight a vigorish of 10 percent. That's 10 pecent, as in ten percent. Suppose I wanna bet that the Packers will beat the Giants in a game where Green Bay is favored by 5 points. My wager is a 20 timer, which means I wanna win $100. (A time is considered a $5 bet and a 20 timer would be 5 times 20, or $100.)
Now, I could bet on Green Bay and give 5 points or take the Giants and get 5 points. The choice is mine. But to Win that $100, 1 have to wager $110. If I win, I get $100 profit. If I lose, I lose $110. The risk is a buck for every ten dollars bet so a $100 bet means you gotta lay $110 to win $100. Very simple.

Bottom line is that I have to risk that 10 percent on every bet I make. That may sound high to the purists who condemn every sports bettor who exists, because they will insist that no way could you last, paying that high a premium. A professional sports bettor wouldn't even take the time to laugh in the face of these misinformed bull throwers.
The key is quitting when you reach your loss limit, and knowing how to handle your win goal on the days you get ahead. I will go over the deep, deeper, and deepest in upcoming chapters. For now, put the word and the thought "vigorish" out of your head.
You wanna lower your chances of losing at blackjack? Then concentrate on the things I tell you about the Big Four. If you are a perfect blackjack player, and I mean perfect, then the vig against you is about 1.50 percent. If that's gonna scare you, then I suggest you take up washing the windows of the Sears Building, without a safety and minus a net. There ain't no vigorish that I know of that people have put on that undertaking.

But if you wanna gamble, vigorish will always be there. Put it out of your head. Or have I said that before??

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