After playing a lot of blackjack games (I learned to count cards when I was 21), I noticed that people are playing in interesting ways that seem to reflect a larger lifestyle. .
If you only want to read the lessons I have learned, you can skip to the "Interesting Observations" section at will. This section only provides an understanding context for the curious. -When I was 21 years old and living in Los Angeles, some friends and I decided to spend a weekend in Las Vegas. This was my first time in Las Vegas since I was an adult. I decided to conduct some self-education on casino games before going, in case I need it.
I quickly learned that most casino games tend to give the house an advantage-quite unfair, right? However, if you learn a technique called "card counting", it is possible to win blackjack. Therefore, I bought a book about blackjack, learned how to play blackjack, I learned the rules of the game, memorized the basic strategies, and then I studied a simple card counting system. I trained a lot and it was a tedious learning process, but in the end I felt very comfortable. Then, I went to Las Vegas and tried the high $40 gambling budget. I know this is not a good fund...
My friends and I stopped at the Aladdin Hotel (before demolition and reconstruction). Since there are too many changes in the rules of blackjack, I conducted a survey of the surrounding casinos to find out which casino is most beneficial to the players. It turned out to be on the Barbary Coast in the Gaza Strip not far from the Caesars Palace. It has two classic deck operations (the fewer decks, the better, for players with the same conditions). In addition, they offer a minimum bet of $2, so my $40 has a chance to continue betting. For this restriction, it is best to donate US$400, but then I didn’t want to risk US$400.
I felt a little timid the first time I played blackjack in a real casino. But I was confident, I was fully prepared, so I sat down. The preparations paid off, and after a few minutes, I started to feel comfortable. Except for some minor etiquette issues, I did my best and there is no problem with memorizing cards. After playing for a few hours, I only used 2-10 dollars per hand to bet, which turned 40 dollars into 165 dollars...so I won more than the travel expenses I needed to pay. In these days, you can still find a $5 buffet.
After that trip, I was addicted to this game, not for money but for challenge. Card counting attracts me by far more freaks than entrepreneurs. I have taken many other Las Vegas trips and played games in twelve different casinos throughout the city. One of my favorite places to play is the "Frontier Hotel" (Frontier Hotel), which uses a single card and the conditions are very favorable for the players. Until they change the rules like many other casinos, this is very profitable, which may be due to most card counters.
During my trip to Vegas, I studied blackjack and card counting, even more deeply. I have read 10 to 12 books and mastered different counting systems (Thorpe, Uston, Revere, etc.). I practiced the advanced counting system, which can calculate the number of aces in parallel. I practiced until I could figure out a deck of cards in 14 seconds. I learned how to change the game according to my own count, memorize the best strategy according to the different rules, and learned the complexity of the game, which slightly improved my advantage. What we call the total return may be 1%.
As I gain more experience, I am satisfied with all these mental gymnastics under real casino conditions. I learned to play cat and mouse with the inspector. I even offered a lot of free meals for myself and my girlfriend (now my wife), even though we ended up being bored eating in the same place over and over again. The casino has become more stringent on gifts, but at that time you can play a $5 blackjack game within 30 minutes and then get a free buffet for two without too much difficulty (not being asked to join the player club).
Counting cards is not illegal, but the casino will kick you out for it and sometimes even ban you permanently. Fortunately, I was never banned for life anywhere, and I was only kicked once. This is mainly due to the fact that I only play at $5-25 or $10-50 tables. At this level, I certainly won't get rich, but I do it more for entertainment than for profit.
The funny thing is, since I live in Las Vegas now, I almost never play blackjack...I only play twice a year, for a total of 45 minutes (won both times). Although I found that card counting works well, I never really considered making a living by it. This is already a very difficult task, and it is of no avail. I still like blackjack entertainment from time to time and I like meeting people from all over the world, but I don't want to try to make a living from it.
When I was learning to master the game of blackjack, I made a lot of observations on how players approached the game, especially the comparison between novice and experienced players. Most people who play blackjack are novice or intermediate players. In the whole process of playing blackjack, I felt that I only found another card counter on my table twice. Both times we can tell each other that we are counting cards, and we look at each other understandingly. But the percentage of card counters among players is very low...less than 1%.
1. Novices usually make wise decisions. About 80-90% of the time, novices will operate in an expert manner. But the house benefits from 10% to 20% of the decisions they did not make correctly. The 10% to 20% gain and loss are completely different, because it is cumulative. How is it different from other aspects of life? An additional 10% will make a big difference. Eat 10% less and you will lose weight. You can retire if you save 10% of your income. Spend 10% of your day on key goals. By the end of the year, you will write a book to start a business or find love.
2. Novices missed a golden opportunity. Novice blackjack players are always overly cautious. They often stay when they should draw, and the reason for failure is that they didn't double or split their pairing. Unwilling to keep a pair of 16 on the dealer’s 7 or 2 on the dealer’s 4. They enrich the house by defensive play and no jump shots. However, expert players will seize every opportunity to make the most of their profits, which means they will double and split more frequently when the odds are high.
Experts will jump more often, but they will also do it more frequently. There are similar patterns in life. Those who bear a lot of money jump more, and those who bear little money play too cautiously because they are afraid of taking risks and worrying about losing their property. In blackjack, it is these splits and doubles that make you win the most money. Novice players think ten hands are the best-guaranteed payout.
Expert players know that these are the hands where you split your x4 pairs and double on each and see the dealer jump, thus winning x8 your original bet (but also risking 8 times as much) rather than the simple x1.5. base of a hit blackjack. Big wins are disguised as bad hands, like a pair of 3. Just like in life - real opportunities are disguised as problems.
3. Novices don't take time to fully understand the game. Expert players understand the ins and outs of the game because they spent a long time studying it. The experts worked harder. Novices have a good understanding of some aspects, but their knowledge in other areas is very vague. They are often confused about how to deal with random situations. But these things will eventually happen, this is where novices get lost. Novices cannot handle exceptions like experts.
But in addition to lack of understanding, novices also have poor understanding. If you can play blackjack and hit 18 in each hand, will you play? Novices usually say "yes" and think 18 is a very good hand because the dealer must play 19-21 to beat him. However, expert players know that 18 will lose more money than winning .
If you have all 18s in your hand, you will lose money in the long run.
Experts have a more precise understanding of the advantages and disadvantages of each hand than novices. Life is the same. Novices will not take time to master basic knowledge such as goal setting, time management, motivation and self-discipline. They perform well most of the time, but as long as there is an abnormal situation, such as losing their job or losing control, it will take some time for them to stand up again. Some people will go bankrupt or divorce, and quickly overcome and move on. However, novices are more likely to turn temporary setbacks into long-term ruins.
4. Experts are more disciplined. Novice players tend to play cards inconsistently. When the same situation arises, they usually make different decisions for no reason. They rarely discipline and often drink in competitions. Experts understand that you can make the right decision but still fail, but their focus is to make the right decision, not to get a specific result.
Experts have the patience to know that in the long run, making the right decision is all about winning. This is also true in real life, right? Those who are entrepreneurial tend to agree in making decisions and taking actions. They concentrate. However, those who hardly take action waste their energy and never exert enough force in a constant direction to make a breakthrough.
5. Private victory precedes public victory. Novices learn to play in the casino. Experts learn to gamble at home and then apply their knowledge to casinos. Experts spend a lot of time training, which requires a lot of patience. The real victory is invisible. Talented people who perform in public usually spend many years honing their skills in private.
Observation 2 is the observation I found most applicable to entrepreneurship. Even a successful blackjack player will lose most of his hands. They won 48% of the cards on average. This is just the essence of the game; you will lose more hands than you win. However, on average, winning players will bet more money on 48% of winning hands, instead of betting on 52% of losers. These larger bets are made in two ways. By counting the cards, you can recognize that the composition of the game is in your favor, and when you are more likely to win rather than lose, so you increase your bet total.
But you can also recognize doubles or doubles, and you can increase your bet after seeing the first two cards. Novice players will miss opportunities in these two ways. They don't know when the odds are in their favor, so they don't know when conditions are suitable for a bigger bet. Then after seeing their first two cards, they don't know when it is a good idea to bet more money. Because they missed these two key opportunities, they lost money in the long run. The overall advantage of this house is 5-8%.
How is this lesson applied in real life? Life has nothing to do with how many successes and failures you have experienced. You must also consider size. When you realize that the conditions in your life are ripe for success in a certain area, it's time to place more bets. And in some cases, you have the opportunity to see the results obtained, and if they look promising, you can raise your stake further.
For example, suppose your goal is to find love. When your living conditions indicate that you are more likely to succeed than in the past, now is a good time to start. Maybe you have a stable job and money in the bank, and you are healthy. Now is the time to focus on your love goals and place big bets. Go out on a date. ask! Don't sit around and wait for an opportunity to let you pass.
Achieving this goal under less than ideal conditions will become more difficult, so when you find someone who performs well, redouble your efforts and increase your bet. Find a way to spend more time with the person and discard secondary goals. Don't neglect the opportunity to have close contact with others. You must beat it when ironing. Have a great time together. As long as conditions permit, establish a relationship.
When your living conditions are suitable for finding opportunities instead of just sticking to your own position, go ahead and use them! Moreover, when you start to achieve promising results in a certain area, it shows that you are in a difficult position. Please inspire yourself to take advantage of this situation as much as possible. Don't just sit around and wait-sometimes your living conditions are not enough to find these opportunities.
It may be just a struggle to stick to your position or get yourself out of a troubled situation. Be patient and keep going. Eventually, this will happen when things are in your favor again. When this happens, don't let yourself be satisfied with yourself. When the game is against them, everyone will lose. But the biggest loss does not come from situations where you did not win, but from situations where you could have won and lost. You could have started this business, but you didn't. There is this date, but you dare not. You can lose weight, but you don't.
Just like in blackjack, you may but not the biggest loser in life. Don't join them.