Don Johnson has defied gravity and it also took an incredible streak of good luck at the Atlantic City blackjack tables.
Also noted was the fact that the casino surveillance officers would have scrutinized every hand that Johnson played to make sure there was no cheating. Casinos also use sophisticated computer assisted wagering techniques software to track gamblers’ betting habits and strategy, hoping to figure out how they are winning. Top casinos like Caesars Borgata and the Trop perform a detailed analysis of the high rollers, which usually are players who have winning formulas in order to combat these players and to minimize their losses or even try to have an advantage by analyzing the opponent during and after the game. These computer assisted wagering techniques are deemed to be secretive techniques designed by a special software company(which has not appeared on the market so far)to help the casinos. More often than not they are also used in horseracing in order to predict the winner and set the odds.
Working from mathematical models that are calculated to deliver a 25% return on investments, Hong Kong’s most sophisticated computer-assisted bettors operate with long-term certainty of what their profits should be. ‘Racing is becoming more and more like a stock market model,’ says Ziemba, who specialises in statistical analysis and edited The Efficiency of Racetrack Betting Markets, a collection of scholarly papers on the mathematics of horse wagering. Horses should be thought of as Microsoft or Dell, Ziemba says, and their past performances are the equivalent of economic charts that provide fodder for quantitative analysts.
Computer Assisted wagering is Database driven
A typical team has employees whose sole job it is to review all the latest races. Every single horse is judged on over one hundred characteristics – attributes like acceleration during the first third of the race, whether it got bumped coming out of a turn, the quality of its recovery from the bump, and how powerfully it finished – and assign numerical grades. The conditions of the race is important too.
This goes into the database, where it can be cross-referenced and called up to help predict the outcome of any impending race that particular horse runs in.
The software then determines each horse’s likelihood of winning a race. When a horse’s computer-generated odds are better than the public’s odds, the team slams in its wagers.
“I’ll take luck over any other skill,” Johnson says, with that sarcastic laugh of his. “There’s no magic to this. Eventually, someone would whack them. I’m just glad it was me.”