Gambling With an Edge - guests Tommy Hyland and John Chang

Our guests this week are Tommy Hyland, and John Chang, on to talk about blackjack teams. Tommy runs the Hyland team, one of the longest running and most successful teams of all time. You can read about him in Gambling Wizards. John ran the MIT team and you can read more about him here. www.richardmunc...
Show Notes
[1:00, ]: show introduction (questions for guests)
[2:03, ]: introduce guests
[2:15, ]: How do you recruit new members?
[4:05, ]: What percent of players that expressed interest actually followed through?
[5:13, ]: How do you evaluate member skill?
[6:21, ]: What was the testing process for new counters?
[9:35, ]: Accuracy of the movie 21- checkout process.
[10:58, ]: how do you split profits in a team (managers, investors, scouts, players, etc),
AND… how did that evolve over time?
[18:21, ]: what did management end up with?
[18:40, ]: how were comps treated w/r/t team compensation?
[24:30, ]: how did you deal with barrings?
[27:30, ]: [how] has the game, esp w/r/t barrings/backoffs, changed for teams since the advent of player lawyers such as BobN?
[30:58, ]: how do you detect and handle dishonest players when managing a team? did you use polygraphs ever?
[37:59, ]: do you require that everybody on the team have investment in the bankroll?
[40:41, ]: how do you deal with players that play sub-par games because they’re afraid of heat?
~42:00 VARIANCE ANALYSIS METHOD
[46:35, ]: do you two (Tommy, John) still play yourself?
[48:50, ]: do you allow players to play games on the side (such as poker) while on team trips?
[51:45, ]: in the event that a player is robbed, how would you handle that?
Gambling With an Edge is a weekly radio show dedicated to making you a better tomorrow than you were yesterday. The hosts, Bob Dancer, and Richard Munchkin are both authors and professional gamblers. You can learn more about them at bobdancer.com and richardmunchkin.com.

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Blackjack is an important life skill

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Legends.

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Why doesn't this guy tjzip play higher stakes while counting small stakes is very boring