- Watching Gamers:Dorkness Rising #
- Charisma? Weee! #
- Tweeting a dork movie? I'm a bit of a geek. #
- We just met and the first thing you do, after boinking a stranger in the presence of the king, is to murder a peasant? #
- Every movie needs a PvN interlude. #
- Everything's better with pirates. #
- Waffles? Recognize. #
- The Spatula of Purity shall scramble the eggs of your malfeasance. #
- Checkout clerks licking their fingers to separate bags or count change is gross. #
- Watching Sparkles the Vampire, Part 2: Bella's Moodswing. #twilight #
- @penfed was a waste of money. $20 down the drain to join, wouldn't give a worthwhile limit, so I can't transfer a balance. #
- @JAlanGrey It's pretty lame. The first one was ok. This one didn't improve on the original. in reply to JAlanGrey #
- RT @tferriss: Are you taking snake oil? Beautiful data visualization of scientific evidence for popular supplements: http://ping.fm/pqaDi #
- Don't need more shelves, more storage, more organization. Just need less stuff. #
- @BeatingBroke is hosting the Festival of Frugality #226 http://su.pr/80Osvn #
- RT @tferriss: Cool. RT @cjbruce link directly to a time in a YouTube video by adding #t 2m50s to end of the URL (change the time). #
- RT @tferriss: From learning shorthand to fast mental math – The Mentat Wiki: http://ping.fm/fFbhJ #
- RT @wisebread: How rich are you? Check out this list (It may shock you!!!) http://www.globalrichlist.com/ #
- RT @tferriss: RT @aysegul_c free alternative to RosettS: livemocha.com for classes, forvo.com for pronunc., lang8.com for writing correction #
- Childish isn't an insult. http://su.pr/ABUziY #
- Canceled the Dish tonight. #
Counting Cards: How to Cheat At Blackjack
I don’t gamble much. I’ve got this boring kind of luck that let’s me gamble for a really long time on not much money, without ever winning big.
For example, when my wife was very pregnant with our first monster, we took a trip to visit my parents. It’s a 2 hour drive, and she needed a break halfway there. In the truck stop, we bought $5 worth of scratch-offs to pass some time. We turned in the winning tickets for more scratch-offs. And again. And again. Two hours later, we were out of winners, but had never accumulated more than $10.
Another time, we went to the casino to play slots. It took nearly 8 hours to spend $20. That sounds boring, but we had good conversation while we were playing.
I’ve never had a big win or a big loss from gambling, so I’ve always been kind of bored with the idea.
Now, cheating at blackjack, that’s a different matter. Pulling one over on the casino without getting caught…they make movies about that kind of stuff.
To be clear: counting cards in your head isn’t cheating. Legally, the worst that can happen is you can be asked to leave. To get a Hollywood-I-cheated-the-casino-and-got-caught-and-beat-by-the-mob kind of beating, you need to win a lot.
A lot.
To get started, there are a few things you need to know. One of those things is how to play blackjack, but I’m not going to get into the basics. If you don’t know how to hit, stand, or count to 21 without taking your clothes off, this guide may be too advanced for you. Come back later.
Super Basic Strategy
You don’t need to count cards to use this strategy. You will do better than most players if you follow along.
1. The dealer must hit, or take another card, if he has 16 points. If he has 17, he stands.
2. The hole card–the card you can’t see–is always worth 10. Of course, it’s not, but for the purposes of your strategy, assume it is.
That means, when the dealer is showing a 2, you’ll assume he’s got 12 points and will hit. If he’s showing a 7, you’ll assume he’s going to stand. If he’s showing an 8, your goal is to beat 18, not push for 21.
That’s it. If you do that, you’ll come within a couple of points of even odds against the house. Google “blackjack basic strategy” if you want to improve this.
Even odds isn’t good enough.
Card Counting
Counting cards sounds tough. Rain Man tough.
It’s not, but you’ll want to practice at home a bit before you try it in the really real world.
The rules are simple:
1. Cards 2-6 are worth 1 point.
2. The 10, jack, queen, king, and ace are worth -1.
3. For every card that is played, keep track of that score. This is a running score across multiple hands until the deck is replaced or shuffled, so don’t stop at a new deal.
4. Divide the running score by the number of decks remaining in the shoe. If there are approximated 150 cards in the dealer-thingy, that’s 3 decks, so divide by 3. If your running score is 18, that means the number your playing against is 6. If the casino is using a continuous-shuffling thingy, forget counting the cards.
That’s it. You’re never adding or subtracting more than a one, and you’re doing that against a number that tends to stay pretty low.
How do you use that, you ask? Easy.
When the score is up, bet higher. If it’s low or negative, bet lower. The higher the number, the higher your bets. If you’ve got a 5, a 6, or more, bet as much as you are comfortable with. If your playing score is low or negative, bet close to the table minimum.
Why does this work?
A higher score indicates that the main assumption of the super basic strategy is more likely to be true. When you’ve got a score of 10, you know a lot of lower-value cards have already hit the table, so it’s safer to assume that the dealer’s card is worth 10.
You don’t change anything about the way you play each hand, you just change the way you bet each hand. Counting cards doesn’t tell you specifically what’s going to happen during each hand, it just tackles the statistics of the game. It moves the odds in your favor, by up to 2 or 3 percent. Over one hand, this won’t help, so don’t sweat losing a hand here and there. Over an entire shoe of hands, you should be able to steadily win more than you lose.
And, as Brian Brushwood says, in the course of your life, very few things make a cooler story than getting kicked out of a casino for counting cards.
Do you play in casinos? Ever tried to cheat?
Party Planning on a Super Tight Budget
- Image by Another Pint Please… via Flickr
I like to party.
Actually, that’s a lie. I’m too introverted to be a partier. More accurately, I like to throw two parties per year. I am also cheap frugal, so I try not to break the bank feeding fifty of my closest friends.
I have two entirely different parties. The first, known as the “Fourth Annual Second Deadly Sin Barbecue of Doom”, is a daytime party with a lot of food. The second is a Halloween party which takes place at night and refreshments are more of the liquid variety. Two different parties, two different strategies to keep them affordable.
Meat
For the Halloween party, meat consists entirely of a meat/cheese/cracker tray and a crock-pot full of either sloppy joes or chili. Quick and easy for about $20. For the barbecue, meat is the main attraction. The menu varies a bit from year to year. Last year, we had burgers, brats, hot dogs, a leg of lamb, pulled pork, and a couple of fatties. The year before, we had a turducken, but no fatties. From a frugal standpoint, the only meat mistakes were the turducken and the lamb. Neither are cheap, but both as delicious. The rest of the meat needs to be bought over the months preceding the party, as they go on sale. Ten pounds of beef, 2 dozen brats, 2 dozen hot dogs and a pork roast can be had for a total of about $75, without having to worry about picking out the hooves and hair. Fatties cost less than $5 to make.
Sides
Both parties have chips, crackers and a vegetable tray. Chips are usually whatever is on sale or the store brand if it’s cheaper. Depending on our time management, we try to cut the vegetables ourselves, but have resorted to paying more for a pre-made veggie tray in the past. This runs from $15-30.
Drinks
For kids and adults who don’t drink, I make a 5 gallon jug of Kool-Aid. Cost: About $3. For adults, I provide a few cases of beer. I don’t drink fancy beer, so this runs about $50. For the Halloween party, I throw open my liquor cabinet. Whatever is in there is available for my guests. The rule is “I provide the beer. If you want something specific, bring it yourself.” I have a fairly well-stocked liquor cabinet, but I don’t stock what I don’t like or don’t use. Part of the stock is what guests have left in the past. I don’t drink much and I buy liquor sporadically when I have a whim for something specific, so raiding the leftovers in the liquor cabinet doesn’t register on my party budget.
Potluck
While it seems like an obvious and easy way to keep costs down, I do not and will not expect my guests to bring anything. I throw a party to showcase either A) my cooking, or B) my Halloween display. I don’t charge admission. I don’t charge for a glass. I throw a party so I can have fun with the people I care about and the people the people I care about care about. I consider it a serious breach of etiquette to ask anybody to bring something. On the other hand, if someone offers, I will not turn it down.
Fun
The most important part of either of my parties is fun. All else is secondary. I seem to be successful, since reservations are made for my spare beds a full year in advance. Last Halloween, people came from 3 states.
Cost
How much do my mildy-over-the-top parties cost? The barbecue runs about $150-180 plus charcoal and propane. Yes, I use both. I’ll have 2 propane grills, 1 charcoal grill, and a charcoal smoker running all day. The Halloween party costs $80-100 for the basics. The brain dip costs another $20 and there’s always at least another $50 in stuff that seems like a good idea to serve.
Update: This post has been included in the Festival of Frugality.
Hacked
LRN got hacked this morning. Thankfully, I backup weekly and subscribe to my own RSS feed. 20 minutes to total restoration.
Saturday Roundup
I just noticed this didn’t post on time.
There are a few ways to get more out of this site.
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Now, for the part you’ve all been waiting for…
This week’s roundup:
It’s time to buy school supplies again. Don’t let it break the bank.
Chewbacca on a squirrel, fighting Nazis.
A pizza peel with a conveyor belt. The pinnacle of pizza-making awesomeness.
Have you ever looked into the psychology of a restaurant menu?
Carnivals I’ve participated in:
Carnival of Personal Finance #267 at Beating Broke posted A Budget Isn’t Enough.
Wealth Informatics hosted the Festival of Frugality and posted Payday Loans Suck.
Canajun Finances hosted the Best of Money Carnival and posted Life Altering Lessons I Learned From My Debt.
Automatic Oopsie
When I found myself doing an abrupt unemployment tour this month, the first thing I did was dig into my budget. I did it so I could see how long it would be before our finances got scary and to see what could be eliminated.

Gah! So much could be eliminated.
There were things that I’d set up on automatic payments, added to my budget, then ignored.
There were things that I’d signed up for and used, but didn’t get as much enjoyment out of any more.
Example Number 1: Netflix
We love Netflix. It gets used every single day. But the DVDs often sit on the kitchen counter for a month before we get around to watching them. We clearly don’t need the DVD plan any more.
Example Number 2: Software Subscription
I use some software to track the Google rank of several of my websites. There is an addon that makes the software work much better. The addon costs $20 per quarter. The problem is that I’m not looking at the rankings of these sites any more. Some of the sites have been shut down, or I’m no longer involved with the clients. That makes the paid addon a total waste. I canceled it and told the tracking software to run slower so it would give Google a fit.
Example Number 3: Extra Domains
Hello, my name is Jason and I’m a domain addict. Seriously, for a while, I was buying domains every time I had a good idea for a website. Some of them were developed, and some were sketched out and put on hold. I also bought domains to help with the search engine rankings of the developed websites. I topped out at about 120 domains. All of them were on auto-renew. I’ve been letting them expire, but some didn’t have the auto-renew settings changed, so they (surprise!) renewed automatically.
These are just three examples of several years of development, exploration, and automation of my complicated financial life, and they add up to more than $100 a month essentially wasted.
Here’s what I want you to do.
Right now.
Not “tomorrow”, not “when you get around to it”.
Now.
Pull up your bank statement, your Paypal account and your credit card statements.
Is there anything in there that’s happening every month that you forgot about, don’t need, or don’t even want?
Ax that crap. Kill it with fire. Nuke it from orbit. Stop wasting your money.
I’d be willing to bet 99% of everyone has something they are paying for every month that they don’t even want, but either forgot was happening or have just let inertia keep paying the bills.
Be the 1%.