72: Card Counting: Investing in Math to Take Millions from Casinos
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 25 September 2017
⏱️ 46 minutes
🧾️ Download transcript
Summary
Colin Jones is a Blackjack pro who has mastered card counting and has been beating casinos around the globe. He runs a network of card counters that have beaten casinos for millions of dollars. They created the Blackjack Apprenticeship which trains, equips, and provides a community for card counters.
During the episode, Colin talks about the ability to count cards and beat the casinos for profits. He reveals what most gamblers fail to realize – Blackjack is a game that can be beaten. Find out why there is no gamble if you think differently, work smarter, and use the odds to your advantage.
Links:
Want to learn how to count cards? Check out Blackjack Apprenticeship
Holy Rollers: Watch the documentary
Books:
Start Here – Recommended Reading
Time Stamps:
5:57 – How Colin get into card counting
7:19 – Blackjack as a game
10:14 – The odds in effectively counting cards
11:49 – Expected Value
13:59 – What’s beatable and what’s not
16:09 – Is card counting illegal?
17:13 – Tolerance level of casinos
19:45 – Do you max out the ability in card counting?
21:16 – Biggest success stories on card counting
23:24 – Where do his network play?
25:34 – How long does it take to master card counting?
26:41 – Shoe Computers
29:29 – How much capital do you need?
33:13 – Their most exciting journey
35:46 – What they do on Blackjack Apprenticeship?
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Copyright 2017. All rights reserved. Read our disclaimer here.
Transcript
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| 0:00.0 | Welcome to the Invest Like a Boss podcast. |
| 0:02.6 | I'm Sam Marks and I'm Johnny FD. |
| 0:04.6 | We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. |
| 0:09.0 | Join us each week for exclusive interviews with our network of modern investors, business owners, and multi-millionaires to discover new ways to invest our hard-earned cash. |
| 0:17.0 | Hey guys, it's Johnny and welcome to episode 72 on the Best Like a Boss podcast. |
| 0:22.4 | I'm here Sam Marks. |
| 0:23.4 | Hey, Johnny. |
| 0:24.2 | Hey, guys. |
| 0:25.0 | This week, we have a super interesting episode with Colin Jones. |
| 0:28.9 | And for anyone who's not familiar with Colin Jones, he was the co-lead behind the church team. |
| 0:34.1 | There was a famous documentary written about or actually produced about the holy rollers |
| 0:39.1 | and in short these guys were one of the biggest card counting operations ever and they famously took |
| 0:46.9 | three and a half million dollars from casinos between the years 2006 2009 and i think the really |
| 0:54.0 | cool part about it is they did it using, |
| 0:57.1 | creating it basically as a fund with investors. And they returned 35% annually to their investors |
| 1:02.8 | through this whole card counting fund. So I think it's kind of cool because I bet you guys just |
| 1:07.6 | saw the title you might be thinking, why would we have an episode about |
| 1:11.3 | gambling or card counting? But the fact that they made it into a fund really is exciting. And also, |
| 1:18.4 | I think the other part of it is the more money that we have as I think gamblers call it like |
| 1:25.3 | their role of cash or, you know, their stocked cash, the more |
| 1:29.6 | they have, the more leverage they have to actually make money from it. |
| 1:32.5 | So it's almost just like another way to make money by having money, by leveraging your money. |
... |
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