Posts Tagged ‘Don Johnson’

Blackjack Basic Strategy Reduces House Edge

Wednesday, September 28th, 2011

Of all of the casino games, blackjack has the best odds for the player. It is the one game where the player can develop enough skill to consistently win money from the house. The other strategy-based game that can be profitable is poker, but in that case you’re winning money from other poker players rather than the casino.

Over the last couple months, there has been news all over Google about a man named Don Johnson (not the actor) making $15 million from the Tropicana Casino. We covered Johnson’s story here as well. Though Johnson says he did not count cards, many don’t believe him. He says he used good strategy and was lucky.

At the very least, he was using blackjack basic strategy. Using basic strategy, you can reduce the house edge to only 0.5%. That means that for every $200 you wager on blackjack, over the long run the casino would only take $1 and you would keep the rest. Because hot and cold streaks can happen, that average won’t always hold true for the short term. That’s how you can have sessions where you win (or lose) a lot of money. Don Johnson says he won $15 million at the Tropicana because a lucky streak combined with his good strategy. While that is certainly not common, it can happen.

You’re not going to see anything on Google about professional slot or roulette players continuously taking casinos for big bucks. It doesn’t happen. Sure, people get lucky sometimes and win big money on those games, but not consistently. Plus, there are no professionals at the other games. It’s just another example of why blackjack is the best game out there (with the possible exception of poker).

Don Johnson to Compete in Blackjack Tournament

Thursday, August 11th, 2011

In an odd sort of way, Don Johnson has become a sort of celebrity in blackjack circles and outside of that. I’m not talking about the former Miami Vice actor. I mean the guy who won $15 million in one month of playing blackjack in Atlantic City. Now he is back and ready to win some more.

When a player wins as much money as Johnson has lately, they often find themselves banned from the casino. In fact, Johnson recently joked that he is probably no longer welcome in Atlantic City and will have to start playing elsewhere. However, it has been reported that he will take part in a blackjack tournament on September 2nd and 3rd at the Tropicana Casino.

The Tropicana is hoping to cash in on Johnson’s sudden celebrity. The tournament he will enter is a winner-take-all tournament with $100,000 up for grabs. The Tropicana is publicizing his presence, saying that everyone wants to meet Johnson. Tony Rodio, the president and CEO of the Tropicana Casino, said that “a lot of people will want to talk to him about his winning secrets.”

At Johnson’s request, the casino will donate $10,000 to the JBJ Soul Doundation, a charity for poor families started by Jon Bon Jovi. Johnson, who has become known as much for his partying and his spending (like buying a $25,000 bottle of champagne), is okay with his new celebrity status. Though he would rather stay under the radar, he says that “as long as I can do something good with it, I’m comfortable with” the fame.

This is a case where everyone will win. The charity will make money. Don Johnson has a chance to win more money from the casino. Other blackjack players will get to meet Johnson and pick his brain. The casino will profit off of all the players who want to meet Johnson and try to emulate his success.