5 Things poker can teach you about life?

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The font of all wisdom. The gambling man. He’s seen it all. The good, bad and ugly. It sounds like something from an old western. I can’t say I’ve ever played poker. I know what a full house looks like and I’ve heard of Dave Ulliot ‘’Devil Fish’’. I guess that’s because I am from the UK and watched a random episode on TV back in the late 90s called: Late Night Poker. It was a time when poker when mainstream and every Tom, Dick and Harry thought they could win the World Series of Poker if they learned the basics. I watched but didn’t really learn. Perhaps that was a good thing. I’ve never been lucky at cards and three card brag has been a thorn in my side. Every Boxing Day we’d venture round out cousins and the amount of times I cam back potless wasn’t good. As with all losses, you learn something along the way. But if poker could teach you 5 lessons in life what would they be?

1) Discipline

You know there’s a reason why the army teaches you to think and act in a certain way. I’m surprised they don’t teach new recruits how to play poker. So what does poker teach us? You can’t win every hand! It’s a basic but a certainty which helps us understand something quite profound. At any time things change. You could have the best hand only to be bluffed out of your winnings. But the best players use discipline to keep on the straight and narrow. Without that, you are like a leaf blowing in the wind.

2) Bankroll Management

Without good bankroll management you will undermine your play. It often happens to new players who have some success and push too hard against more seasoned players. They soon find their lack of skills point them out as a weak link and loser. You shouldn’t play with money you can’t afford to lose or over bet the money you take to the table. If you don’t have some understanding of bankroll you are likely to be out of sync to the game and it will only lead to you going home early.

3) Risk Reward

Another concept which most non gamblers fail to understand and ultimately based on skill. You know, the best players don’t simply wait for the best hands to make their money. That’s why a skilled player using a bluff when least expected. It often happens in tournaments when a players stack is limited. They know it’s their only chance to keep in the game. Sometimes it works.

4) Patience

My mother says: ‘Patience is a virtue possess it if you can, always in a woman but never in a man!’ Perhaps poker players of both sexes have it in abundance or at least they’re learning to gain this trait. I’m not a poker player but talked to a few players and it isn’t a short and sharp game. In fact, some of these games can last for hours and it’s a grind. You need a little bit of patience if not a bucket load. It takes a lot of patience and good decision making to win cash. Similar to life, short term gains may disappear long term. Patience give you an opportunity to make the most of your chance when it arrives. Basically, you need the odds stacked in your favour.

5) Decision Making

As we detailed above. Without good decision making you are doomed playing poker or in life. You cannot change the cards you are given but how you play them is your choice. To maximise your chance of winning you need to make the most of every hand. As with life, make the best of uncertainty with good decisions to maximise gains.

A couple of extra just to add to your knowledge.

6) Game Selection

As a decent poker player, you’re wish would be to sit at a table of recreational players. While a table full of pros and sharks would be a different story unless you know better. Like life, you have the option of picking your path and the games you play. These factors are important to having a decent career, business and happy life.

7) Dealing With Bad Luck

A good player can’t be afraid of a bad loss. They are dealing with odds to chance and they can change at any time. However, strength of mind keeps players focused and determined that long term their skill will show a profit. Life can be difficult but do you give up or carry on? If you are scared of losing you will never win. Bet to win rather than bet not to lose. What matters is how you deal with losses, get past them, and move forward.

5 Secrets To Winning On Slot Machines

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Who better to learn some tips than listen the author and editor of the American Casino Guide. Steve and Matt Bourie run a YouTube channel called The Jackpot Gents and have almost 200,0000 subscribers. To add to their clout, this particular video, which inspired me to write this post, has 1.8 million views in 2 years. Let’s get stuck into their top 4 secrets on winning on slot machines.

Introduction

Most people who go to the casino will play slots. In fact, almost 70% of the casino revenue comes from slots. Let’s face it we all know how slots work, but what we want to know is how to win more often. Basics: A slot machine is just a computer that’s made to pay out less money than it takes. That’s in the long run, as we know, anything can happen in the short run. In the long run you’re not going to win money unless you are a cheat. Learn these handy tips which will make your money last longer which means you have more chance of hitting the jackpot which is probably the difference between winning and losing when you play on the slots.

1) Always Join The Players Club

I must admit, I’ve never heard of this before. It sounds like a lot of people are against joining the Players Club. However, for all the bad publicity this isn’t true. The casino has the house edge so they know long term they will win. The good side to joining the Players Club is that you will get a lot of bonuses, which means you have better value and makes it worth it. This allows you to cut down the casino edge. If you love playing slots you need a way of cutting the house edge which steals all your money. They will often give you free spins which gives you an advantage and make your play last longer. The Players Club lets the casino know how much money you have played and they can rebate some of that back to you. In addition, you get gifts and other freebies, show tickets, buffet, hotel rooms, meals and all sorts of stuff. You won’t get this if you haven’t joined.

2) Set A Budget

Wise words from the father and son here. Let’s imagine you go to Vegas with the thought of gambling $1,000. The worst thing you could do is lose that money in the first day of your week on the Strip. It happens. Be realistic with the budget you set. You really don’t want to be playing $5 slot machines on a limited budget. Think about how fast your money will go. You may be better off playing nickel or penny slot machines. Remember gambling, for most people, is entertainment. Playing slots you have the thrill of the experience. On the good side, you might win money. Have some fun but be realistic about it and set a budget and stick to it like glue.

3) Don’t Bet The Max Coins

Being a novice, I have no idea what this means. You may want to bet the max coins if you are playing one of the progressive slots and it has millions up for grabs. If not, you are building up that pot for someone else to win. It could be the difference between winning $10M and $1000. Just for the sake of a dollar. Sadly it has happened to some punters. Imagine that happening to you. It would be pretty upsetting. Bet enough to be eligible for the bonus rounds. You might not need to bet max coin to get this but it’s worth remembering. If you cover the pay lines it’s usually enough to get the bonus rounds. Bonus rounds are good because you are not betting any money Also, you need this to get the highest payback on the slot machine. It differs from machine to machine how you get to these bonus rounds. If you are not sure, go into the game rules and look.

4) Speed Kills

The faster you player the machine the more you lose. So you need to find ways to slow the game down. That’s to do with your behaviour not the machine. Slowing down your game play is a good idea. As the young man in the video says: ‘Playing a slot machine is a negative expectation game.’ You shouldn’t expect to win but you can hope. In the long run, you are guaranteed to lose money. You may be playing a slot with 90% payback, which means when you run through your money you will lose 10%. That’s $100 if you go through your grand. The difference in the rate of play can be quite considerable. You could spend from $100 an hour to $500 on a dollar machine. You’re getting more spins but your money may not last so long. It won’t unless you get a few wins. If you think by pressing the button faster or slower makes a difference to your winning. It doesn’t. When you press the button the random number generator clicks into action. Just let the reels spin as it will slow your play and make your money last longer. The worst thing you can do is play two machines at once. Not only can’t to pay attention to both you are losing money fast. Also to slow the game down go partners with someone so you are rooting for each other. Half the winnings but double the time playing.

5) Caveat

Remember playing slot machines in a casino is for entertainment. It’s like going to a concert where you spend $200. If you see people in the casino they will be doing all manner of superstitious things like knocking before hitting the spin button, wearing their lucky tie or whatever you think works. In the long run, that’s not going to make any difference to your winning or losing. You really shouldn’t be in a casino playing slots and being miserable. You should have fun doing it. If you are having fun you should save your money and go home.

The Times and Life of Tommy Glenn Carmichael

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Tommy Carmichael was busted slot cheating twice in Las Vegas and once in Atlantic City. Before being apprehended, he also admits to defrauding hundreds of other casinos.

Carmichael was the brains behind a worldwide slot machine theft network that netted thousands of dollars from casinos.

The largest slot machine scam in history

Carmichael became immediately captivated and made the decision to abandon everything he knew and move to Las Vegas to visit this top-bottom location. He first tried it on a five-cent slot machine at a casino on the Las Vegas Strip, where he won more than $35 in nickels. He used this technique on other slot machines all weekend, feeling unstoppable, and won a sizable sum of money.

When five police officers barged into the adjoining Denny’s where Carmichael was having a mid-afternoon coffee break, they were pursuing him. He claimed to have used the top-bottom joint—which they found—as a tool to start his car. Due to his drug use and criminal background, Carmichael received a five-year prison term for this cheating episode.

Released from prison

Bally and International Game Technology unveiled a video slot machine using microprocessors and random number generation software after Carmichael was imprisoned. Carmichael had to start over because it was now difficult for him to cheat in the same way he had in the past.

Carmichael took on a few part-time jobs to supplement his income before going to Las Vegas and purchasing a video poker machine. He created and produced The Monkey Paw over more than a year.

The micro switch on this spring steel and guitar wire contraption could be activated by inserting it into the payout chute, which would cause the bucket of quarters to start paying out roughly $1,000 every hour. Unfortunately for Carmichael, advancements in slot machine technology rendered the monkey claw less helpful.

He traveled to the Las Vegas showroom and pretended to be a client who wanted to examine a machine’s interior to see whether he could still rig it. In a handful of days after buying one of the machines, Carmichael produced The Light Wand. The payout chute’s sensor would be blinded by the light’s intense brightness, prompting the machine to dispense cash.

By 1992, the device was successfully hacking slot machines across the world, and Carmichael was swiftly making thousands of dollars by distributing it to other slot machine scammers in the industry. Mostly in Atlantic City and Las Vegas, Carmichael himself performed almost daily. Nevertheless, he did not limit himself to the US. Carmichael and Balsamo traveled to the Caribbean seven times in six months in 1995, taking advantage of the onboard casinos to make thousands of dollars every day.

Balsamo finally linked Ramon David Pereira and Carmichael together, forming a close-knit group of professional cheaters. It didn’t take them long to start making huge amounts of money every day after they scouted a lot of other scammers who had been active in the industry for years.

How Tommy Carmichael Stealthed Millions From Las Vegas

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Tommy Carmichael fixed slots for nearly 40 years to scam Las Vegas casinos out of millions of dollars. He started in the television repair industry and worked his way up to mastering the engineering of slot machines to win large. His skills gave him access to several cheating methods that guaranteed him big quick wins.

With time, slot machine technology progressed, and Tommy had to follow suit. He even visited other casino cheats who cheated the establishments out of millions of dollars.

Like most cheaters, they are always detected, and Tommy’s bad luck ran out when he was apprehended and sentenced to time in jail.

The Beginning

Even as a young child, Tommy was intrigued by the hows and whys of technology, which is possibly why he decided to open a television supply and repair shop in the 1980s.

As a young kid, Tommy Carmichael was intrigued by technology and how it worked. He had every reason to think that he should start his television repair service in the 1980s. The Oklahoma-based business was successful, and as a result, the competition increased.

Tommy’s life was disintegrating around him due to a failed business, performing volunteerism for drug crimes, and going through his third divorce, yet he persisted.

A former classmate arrived in his car with a tool that he claimed would affect his life, and it did. It was your typical cheating device. a top-to-bottom joint used to manipulate casino games

Tommy rehearsed and became adept at using this device on slot machines before coming to the casino. After a quick $35 triumph on the test run, the weekend’s earnings soared to $10,000.

Being Caught

Over the following few years, Tommy Glenn Carmichael amassed huge amounts of money from casinos on the Las Vegas Strip using similar strategies. Casinos decided to update their equipment with the most latest technology as they became more aware of cheaters’ devices like Tommy’s. Now, slot machines used RNGs or random number generators.

Tommy amassed tremendous winnings for years, but casinos became aware of such cheating devices as Tommy’s and updated their game technology with RNGs, which are still used today. Tommy had to turn to smaller casinos since he was unable to keep winning at the larger ones. But without the big individuals, he and his activity were noticeable. He was captured after a week-long police chase with the equipment in his custody.

The subsequent years

The new video slots were much too sophisticated for Tommy’s old strategies when he was freed from prison, so he utilized the time-saving funds and labor he had saved to purchase a video slot, deconstruct it, and make a new tool. He was victorious, and he once more started to win thousands of dollars every night.

But as technology developed, Tommy was compelled to pretend to be a casino owner trying to buy a new slot machine. The owner consented to let Tommy open the slot and explain its workings. Tommy then went about making and selling tools for getting around the slots.

He then joined forces with seasoned gambling con artists and hit Vegas and Atlantic City, robbing casinos of huge amounts of money every day until he was once more caught on camera. After just under a year in prison, he put his skills to good use by working with gaming companies to create an anti-cheating device.

Tommy Glenn Carmichael, a well-known casino con artist

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A slot machine with its electronic insides exposed stands on two green milk crates in the rear of a strip mall workplace like a patient on a treatment table.

The man in front of the equipment, 53-year-old Tommy Glenn Carmichael, has a special and valued talent:

“I’ll defeat a slot machine if you give it to me.”

No two-bit slot machine robber steals from Carmichael. He was a brilliant inventor who worked with a select group of thieves to steal thousands from casinos, earning the title “one of the greatest” from the authorities.

Carmichael spent nearly two decades creating the tools he used to loot casino machines around the United States and the Caribbean, including the kickstand, monkey paw, and light wand.

He conned the casino security with the same ease as he conned the machines. As mysterious as a triple seven, he was.

guilty of slot fraud Carmichael is referred to as “a legend” by Jerry Criner. “When it comes to creating cheating tools, he has the best inventiveness.”

The adjective is undisputed by the police.

During the 1980s

It’s 1980. Carmichael, 30, is sitting at his Tulsa television repair business, Ace TV Sales and Repair, when he is interrupted by an old acquaintance named Ray Ming who is now living in Las Vegas. Carmichael received a gift from Ming.

In his trunk, Ming kept a “top-bottom joint,” the pinnacle of cheating devices 20 years ago, along with a Bally’s slot machine.

We began playing around, Carmichael said. I could see that it was quite easy.

Carmichael had recognized his aptitude for deceit.

He decided to close the repair shop straight away. Carmichael, a native of Tulsa who resembled a young Johnny Cash and had thick brown hair, succumbed to the pull of Las Vegas. He went to Sin City with his fourth wife.

He started by stealing a 5-cent slot machine close to the Las Vegas Strip and made a brash exit while carrying $35 worth of nickels in his pockets.

He said, “You think you’re going to have automobiles and boats.” “You know, the American Dream.”

Getting Caught at Last

The group had been at the peak of its popularity for more than four years before Tommy and his fellow members traveled to the Circus Circus Hotel and Casino in Las Vegas at the end of 1996.

Tommy’s new unidentified surveillance cameras can see beyond crooks who hide from other cameras.

Security personnel ran towards Tommy and caught him after he used a Light Wand gadget to activate the machine.

Tommy was found guilty of employing, possessing, and removing cheating technology this time. Tommy was released less than 24 hours after being arrested because the evidence was insufficient to keep him locked up for much longer.

The Conclusion

The Protector, its most popular product, was designed to prevent the use of any fraudulent gadgets, which are still in use today. Tommy makes a failed attempt to sell his innovations to casinos.