Louis Theroux - Gambling In Las Vegas (2007) He heads to Las Vegas, to reveal the world behind the myths of casino culture.

From a personal standpoint my enjoyment is maximized. I used to gamble quite a bit. My father was a blackjack card counter. When I was a teenager we would go on skiing trips to Utah or Colorado and drive through Vegas on the way. We would drill each other on card counting tables for hours while driving and then play for 2 or 3 days. I think I started when I was 14 and the casinos never stopped me from playing.

But about enjoyment. With the rules at the time and the odds you could achieve you need to be willing to lose about 100x your average bet and then pull out that much money again. If your play is close to perfect it is very slim odd that you will lose that much twice in a row. Long ago there were $1 and $2 single deck tables. Part of how you attain an edge is betting higher when what's left in the the deck is in your favor. I was pretty aggressive because I didn't give a fuck about getting thrown out so my average bet was probably something like $8. Now you are facing a very real chance of losing $800 and then having to suck it up and keep going. For some reason I never got down more than about $300 when I was a kid and it sucked but wasn't that bad. I also ended every trip ahead. So super fun.

Now days the rules in Vegas suck. They don't even pay 1.5x on blackjack anymore. The bigger problem is that single deck blackjack minimum bets are usually $10. That means if you are varying your bet to take advantage of better odds in the count then your average bet can easily be $40 which means you're looking at losing $4000. The last time I played I got down $1000 and just couldn't stand it. I know rationally that if I just play my system things will be fine but emotionally I can't deal with losing that much money. So I don't do any real gambling anymore. Sometimes I'll decide to blow $100 at craps for fun but it only lasts about an hour and never turns out to be fun. Hookers and blow are better investment.

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