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For most people, though, the newspaper headline told a happy story. An ordinary guy in a red cap and black hoodie had struck it rich, had beaten the casinos black-and-blue. It seemed a fantasy come true, the very dream that draws suckers to the gaming tables.

D espite his pedestrian attire , Don Johnson is no average Joe. For one thing, he is an extraordinarily skilled blackjack player. What gives Johnson his edge is his knowledge of the gaming industry. As good as he is at playing cards, he turns out to be even better at playing the casinos.

Hard times do not favor the house. Pennsylvania is likely to supplant New Jersey this year as the second-largest gaming state in the nation. The new Parx racetrack and casino in Bensalem, Pennsylvania, a gigantic gambling complex, is less than 80 miles away from the Atlantic City boardwalk. When you add gaming tables or slots at a fancy new venue like Revel, or like the Borgata, which opened in , the novelty may initially draw crowds, but adding gaming supply without enlarging the number of customers ultimately hurts everyone.

When revenues slump, casinos must rely more heavily on their most prized customers, the high rollers who wager huge amounts—tens of thousands or even hundreds of thousands of dollars a hand. High rollers are lured with free meals and drinks, free luxury suites, free rides on private jets, and … more.

The marketers present casinos as glamorous playgrounds where workaday worries and things like morality, sobriety, and prudence are on holiday. He was the only Atlantic City casino executive who agreed to talk to me about Johnson. For the casino, the art is in telling the skilled whales from the unskilled ones, then discouraging the former and seducing the latter.

The industry pays close attention to high-level players; once a player earns a reputation for winning, the courtship ends. The last thing a skilled player wants is a big reputation.

Some wear disguises when they play. But even though he has been around the gambling industry for all of his 49 years, Johnson snuck up on Atlantic City. To look at him, over six feet tall and thickly built, you would never guess that he was once a jockey. In his best years as a professional jockey, he was practically skeletal. He stood 6 foot 1 and weighed only pounds. He worked with a physician to keep weight off, fighting his natural growth rate with thyroid medication that amped up his metabolism and subsisting on vitamin supplements.

The regimen was so demanding that he eventually had to give it up. His body quickly assumed more normal proportions, and he went to work helping manage racetracks, a career that brought him to Philadelphia when he was about He was hired to manage Philadelphia Park, the track that evolved into the Parx casino, in Bensalem, where he lives today.

Johnson was in charge of day-to-day operations, including the betting operation. He started to learn a lot about gambling. It was a growth industry.

He has served as a state regulator in Oregon, Idaho, Texas, and Wyoming. About a decade ago, he founded a business that does computer-assisted wagering on horses. The software his company employs analyzes more data than an ordinary handicapper will see in a thousand lifetimes, and defines risk to a degree that was impossible just five years ago. Compared with horse racing, the odds in blackjack are fairly straightforward to calculate.

Many casinos sell laminated charts in their guest shops that reveal the optimal strategy for any situation the game presents. More useful, for his purposes, is running a smaller number of hands and paying attention to variation. The way averages work, the larger the sample, the narrower the range of variation. A session of, say, hands will display wider swings, with steeper winning and losing streaks, than the standard casino charts. He does not just walk into a casino and start playing, which is what roughly 99 percent of customers do.

But the vast majority of players lose, and the longer they play, the more they lose. Because the casino values high rollers more than the average customer, it is willing to lessen its edge for them. Beyond the usual high-roller perks, the casino might also sweeten the deal by staking the player a significant amount up front, offering thousands of dollars in free chips, just to get the ball rolling.

The player still loses. But two years ago, Johnson says, the casinos started getting desperate. With their table-game revenues tanking and the number of whales diminishing, casino marketers began to compete more aggressively for the big spenders. By late , the discounts at some of the strapped Atlantic City casinos began creeping upward, as high as 20 percent. When casinos started getting desperate, Johnson was perfectly poised to take advantage of them.

He had the money to wager big, he had the skill to win, and he did not have enough of a reputation for the casinos to be wary of him. For Johnson, the game began before he ever set foot in the casino. A tlantic City did know who Johnson was. But he was not considered good enough to discourage or avoid.

Johnson had not played a game at the Borgata in more than a year. He had been trying to figure out its blackjack game for years but had never been able to win big. The way any discount works, you have to lose a certain amount to capitalize on it.

When this happened to Johnson, he knew the ground rules had skewed against him. So it was no longer worth his while to play there. The casinos use computer models that calculate the odds down to the last penny so they can craft terms to entice high rollers without forfeiting the house advantage.

And then from that, we can make a determination of what is the appropriate [discount] we can make for the person, based on their skill level. Johnson did not miss the math.

Johnson could calculate exactly how much of an advantage he would gain with each small adjustment in the rules of play. When Johnson and the Trop finally agreed, he had whittled the house edge down to one-fourth of 1 percent, by his figuring. In effect, he was playing a game against the house, and with the discount, he was risking only 80 cents of every dollar he played.

So when Johnson got far enough ahead in his winning sprees, he reasoned that he might as well keep playing. So Caesars, too, pulled the plug. When Johnson insisted that he wanted to keep playing, he says, the pit boss pointed out of the high-roller pit to the general betting floor, where the game was governed by normal house rules. These winning streaks have made Johnson one of the best-known gamblers in the world. He was shocked when his story made the front page of The Press of Atlantic City.

Donald Wittkowski, a reporter at the newspaper, landed the story when the casinos filed their monthly revenue reports. But because he is so far in front of us, we have modified his discounts. He is enjoying his fame in gambling circles, and has gotten used to flying around the world on comped jets.

Everybody wants to play against the most famous blackjack player in the world. The editor of the right-wing news site admitted that its coverage of a major political campaign was dishonest, but the news barely made a blip in conservative media outlets. In the first novel ever written about Sherlock Homes, we learn something peculiar about the London detective. Holmes, supposedly a modern man and a keen expert in the workings of the world, does not know how the solar system works.

Specifically he is unfamiliar with the heliocentric Copernican model, which, upon its slow acceptance in the 17th century, revolutionized Western thought about the place of our species in the universe.

If we went round the moon it would not make a pennyworth of difference to me or to my work. The suburbs of the American west are struggling, too. This is not one of them. A decade after the start of the Great Recession, it struggles with pervasive crime and poverty. A fifth of the population lives below the poverty line, up from 13 percent in Hemet is not alone in its troubles. They also lost jobs and businesses between and The arctic freeze over the United States this week is producing the kind of frigid temperatures typical for the red planet.

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Her dream was to see other communities utilize friends, family, and hockey as a basis for fundraising dedicated primarily to fighting breast cancer. EPCM-psp is proud to donate to this charity. Movember is all about bringing back the moustache, having fun and doing it for a serious cause: Mo Bros commit to growing a moustache for the 30 days of Movember, and in doing so become walking and talking billboards for the cause.

The moustache is our ribbon, the symbol by which we generate conversations, awareness and raise funds for men's health. There are many ways in which you can get involved with Movember.

You can register as a Mo Bro or Mo Sista and raise funds and awareness yourself or donate to someone you know who is participating.

Company Updates h ttp: Thank you, thank you, and thank you. Were it not for the support of the community, the Kids with Cancer Society would not be able to provide the services that children with cancer so desperately need. Hard times do not favor the house. Pennsylvania is likely to supplant New Jersey this year as the second-largest gaming state in the nation. The new Parx racetrack and casino in Bensalem, Pennsylvania, a gigantic gambling complex, is less than 80 miles away from the Atlantic City boardwalk.

When you add gaming tables or slots at a fancy new venue like Revel, or like the Borgata, which opened in , the novelty may initially draw crowds, but adding gaming supply without enlarging the number of customers ultimately hurts everyone. When revenues slump, casinos must rely more heavily on their most prized customers, the high rollers who wager huge amounts—tens of thousands or even hundreds of thousands of dollars a hand.

High rollers are lured with free meals and drinks, free luxury suites, free rides on private jets, and … more. The marketers present casinos as glamorous playgrounds where workaday worries and things like morality, sobriety, and prudence are on holiday. He was the only Atlantic City casino executive who agreed to talk to me about Johnson.

For the casino, the art is in telling the skilled whales from the unskilled ones, then discouraging the former and seducing the latter. The industry pays close attention to high-level players; once a player earns a reputation for winning, the courtship ends. The last thing a skilled player wants is a big reputation. Some wear disguises when they play. But even though he has been around the gambling industry for all of his 49 years, Johnson snuck up on Atlantic City.

To look at him, over six feet tall and thickly built, you would never guess that he was once a jockey. In his best years as a professional jockey, he was practically skeletal. He stood 6 foot 1 and weighed only pounds. He worked with a physician to keep weight off, fighting his natural growth rate with thyroid medication that amped up his metabolism and subsisting on vitamin supplements.

The regimen was so demanding that he eventually had to give it up. His body quickly assumed more normal proportions, and he went to work helping manage racetracks, a career that brought him to Philadelphia when he was about He was hired to manage Philadelphia Park, the track that evolved into the Parx casino, in Bensalem, where he lives today.

Johnson was in charge of day-to-day operations, including the betting operation. He started to learn a lot about gambling. It was a growth industry. He has served as a state regulator in Oregon, Idaho, Texas, and Wyoming. About a decade ago, he founded a business that does computer-assisted wagering on horses.

The software his company employs analyzes more data than an ordinary handicapper will see in a thousand lifetimes, and defines risk to a degree that was impossible just five years ago.

Compared with horse racing, the odds in blackjack are fairly straightforward to calculate. Many casinos sell laminated charts in their guest shops that reveal the optimal strategy for any situation the game presents. More useful, for his purposes, is running a smaller number of hands and paying attention to variation. The way averages work, the larger the sample, the narrower the range of variation. A session of, say, hands will display wider swings, with steeper winning and losing streaks, than the standard casino charts.

He does not just walk into a casino and start playing, which is what roughly 99 percent of customers do. But the vast majority of players lose, and the longer they play, the more they lose. Because the casino values high rollers more than the average customer, it is willing to lessen its edge for them.

Beyond the usual high-roller perks, the casino might also sweeten the deal by staking the player a significant amount up front, offering thousands of dollars in free chips, just to get the ball rolling.

The player still loses. But two years ago, Johnson says, the casinos started getting desperate. With their table-game revenues tanking and the number of whales diminishing, casino marketers began to compete more aggressively for the big spenders. By late , the discounts at some of the strapped Atlantic City casinos began creeping upward, as high as 20 percent.

When casinos started getting desperate, Johnson was perfectly poised to take advantage of them. He had the money to wager big, he had the skill to win, and he did not have enough of a reputation for the casinos to be wary of him. For Johnson, the game began before he ever set foot in the casino. A tlantic City did know who Johnson was. But he was not considered good enough to discourage or avoid. Johnson had not played a game at the Borgata in more than a year.

He had been trying to figure out its blackjack game for years but had never been able to win big. The way any discount works, you have to lose a certain amount to capitalize on it. When this happened to Johnson, he knew the ground rules had skewed against him. So it was no longer worth his while to play there.

The casinos use computer models that calculate the odds down to the last penny so they can craft terms to entice high rollers without forfeiting the house advantage. And then from that, we can make a determination of what is the appropriate [discount] we can make for the person, based on their skill level. Johnson did not miss the math. Johnson could calculate exactly how much of an advantage he would gain with each small adjustment in the rules of play.

When Johnson and the Trop finally agreed, he had whittled the house edge down to one-fourth of 1 percent, by his figuring. In effect, he was playing a game against the house, and with the discount, he was risking only 80 cents of every dollar he played. So when Johnson got far enough ahead in his winning sprees, he reasoned that he might as well keep playing. So Caesars, too, pulled the plug. When Johnson insisted that he wanted to keep playing, he says, the pit boss pointed out of the high-roller pit to the general betting floor, where the game was governed by normal house rules.

These winning streaks have made Johnson one of the best-known gamblers in the world. He was shocked when his story made the front page of The Press of Atlantic City. Donald Wittkowski, a reporter at the newspaper, landed the story when the casinos filed their monthly revenue reports.

But because he is so far in front of us, we have modified his discounts. He is enjoying his fame in gambling circles, and has gotten used to flying around the world on comped jets. Everybody wants to play against the most famous blackjack player in the world. The editor of the right-wing news site admitted that its coverage of a major political campaign was dishonest, but the news barely made a blip in conservative media outlets.

In the first novel ever written about Sherlock Homes, we learn something peculiar about the London detective. Holmes, supposedly a modern man and a keen expert in the workings of the world, does not know how the solar system works. Specifically he is unfamiliar with the heliocentric Copernican model, which, upon its slow acceptance in the 17th century, revolutionized Western thought about the place of our species in the universe. If we went round the moon it would not make a pennyworth of difference to me or to my work.

The suburbs of the American west are struggling, too. This is not one of them. A decade after the start of the Great Recession, it struggles with pervasive crime and poverty. A fifth of the population lives below the poverty line, up from 13 percent in Hemet is not alone in its troubles. They also lost jobs and businesses between and The arctic freeze over the United States this week is producing the kind of frigid temperatures typical for the red planet.

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