Blackjack card counting, you can make the odds in your favor thus making the risk better for the player.
i want 400:1 or 500:1 leverage with metatrader platform
- #83
- Oct 16, 2007 3:19am Oct 16, 2007 3:19am
- Joined Nov 2006 | Status: Trader | 1,758 Posts
I wonder why big Hedge Funds dont play blackjack/poker/casino to make money for their clients, if they can control their risk at casino
- #86
- Edited 8:41am Oct 18, 2007 8:25am | Edited 8:41am
- | Joined Jul 2006 | Status: Inefficiency Exploitation | 138 Posts
I wonder why big Hedge Funds dont play blackjack/poker/casino to make money for their clients, if they can control their risk at casino
It would probably be pretty hard to borrow a few billion smackers to go to Vegas. But let's say you did.
Let's imagine that you did somehow manage to borrow a billion dollars to go to gamble with. How would you get it into a casino? Even if you have a team of ten, they would each have to carry $100,000,000 million in cash onto a casino floor. $100,000,000 in $100 bills weighs quite a bit. One million dollars in $100s weighs about 22 lbs. So you'd have to bring about 1.1 US tons of cash bills onto the floor of a casino (1000 kg). This would prove to be difficult to say the least.
Even a team of one hundred would need to each bring $10,000,000 to a blackjack table (220 lbs of bills). What casino is going to take that kind of action? One hundred card counters all with $10,000,000 under their jackets?
You could get the pro counters in (provided the casino doesn't recognize them and kick them out right away), but the amount of money they can come in with makes it hard to generate the returns demanded by hedge fund investors. If you come in with $100 and walk out with $200 you have experienced a 100% return. This doesn't hurt the house because they will make back that $100 in no time. If you walk in with $10,000,000 and walk out with $20,000,000 you have also experienced a 100% return, but the house will now be in trouble as $10mil is a large loss to overcome (it might sink the house depending on which casino you're at). That is why there are table limits and why they can be adjusted by the casino at will. This ensures that no one walks out with the deed to the house after one lucky night. What good is your $10,000,000 bankroll when the house drops the table limit on you to $50 per hand after watching you raise your bets into a rich shoe?
Let me say this again: the "players" would have to have millions of dollars on them - cash - and this is a huge risk (robbery for one thing!). What's to stop the players from skimming? Would you trust an employee with a few million in cash? How quickly could they exit the casino with the dough, get to the airport and be on a flight to god-knows-where? Remember, the hedge fund is leveraged. It owes that money to somebody else. Now its on a plane.
Yes, I know that an MIT team took down millions from Vegas casinos, but they did this over the couse of many years. I'm very familiar with the story. They also weren't playing with billions of dollars.
In short, it would be a logistical nightmare to "control your risk" at a casino with a hedge fund sized bankroll.
- #91
- Nov 23, 2007 11:47pm Nov 23, 2007 11:47pm
Hey PiPBoY,
put me on the train too
I been also looking for a MT4 broker with 400:1 or 500:1 leverage, I ended up with Alpari UK, but the problem was they offer it upto 5K only but anyway I am yet comfy with FXCM fxsol GFT non-mt4 brokers,
btw let me know your experience with NF? I am eager to hear from you only as we have kindda the same style of trading
mld
put me on the train too
I been also looking for a MT4 broker with 400:1 or 500:1 leverage, I ended up with Alpari UK, but the problem was they offer it upto 5K only but anyway I am yet comfy with FXCM fxsol GFT non-mt4 brokers,
btw let me know your experience with NF? I am eager to hear from you only as we have kindda the same style of trading
mld
- #92
- Nov 24, 2007 4:51am Nov 24, 2007 4:51am
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
Hey PiPBoY,
put me on the train too
I been also looking for a MT4 broker with 400:1 or 500:1 leverage, I ended up with Alpari UK, but the problem was they offer it upto 5K only but anyway I am yet comfy with FXCM fxsol GFT non-mt4 brokers,
btw let me know your experience with NF? I am eager to hear from you only as we have kindda the same style of trading
mld
i opend an account with NF till now they r great - i don't trade the news-
u can choose the leverage u want no matter how ur account is big .i think that NF is a white label for a swiss regualted broker westcapfx.com
i opened demo accounts on each broker and watch the prices carefully , the prices movement r the same!
the bad news
NF don't have ,micro lot [0.01]
till now they r good for me
thank u
PiPBoY Approved!
- #96
- Edited Nov 29, 2007 2:45am Nov 25, 2007 11:33am | Edited Nov 29, 2007 2:45am
- Joined Jul 2006 | Status: Trader | 2,924 Posts
Try they have X100, X200, X400
a little different approach to forex trading, but if you know what you're doing you can use their high leverages to profit.
Cheers
What were they thinking? Attracting the 12 year old PlayStation/XBox kids to trade?
- #97
- Edited Nov 29, 2007 2:45am Nov 27, 2007 12:53am | Edited Nov 29, 2007 2:45am
Tr, they have X100, X200, X400
a little different approach to forex trading, but if you know what you're doing you can use their high leverages to profit.
Cheers
Looks like a video game!
What were they thinking? Attracting the 12 year old PlayStation/XBox kids to trade?
nice platform , but it's like playin games on XboX
PiPBoY Approved!
- #98
- Nov 27, 2007 2:31am Nov 27, 2007 2:31am
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #99
- Dec 13, 2007 5:36am Dec 13, 2007 5:36am
I don't believe !!!!!!!!
------------------------------------------------------------
THIS IS BAD WEB SITE http://www.forexbastards.com And this site All lie to Visitors and then they are anti all brokers.Any posting all negative
+----------------------------------------------------------+
| DON"T TRUST THIS SITE http://www.forexbastards.com . |
+----------------------------------------------------------+
They take any reviews JOKING AND FRAUD.
Regards,
SAM..
------------------------------------------------------------
THIS IS BAD WEB SITE http://www.forexbastards.com And this site All lie to Visitors and then they are anti all brokers.Any posting all negative
+----------------------------------------------------------+
| DON"T TRUST THIS SITE http://www.forexbastards.com . |
+----------------------------------------------------------+
They take any reviews JOKING AND FRAUD.
Regards,
SAM..
how many times do i have to repeat it
i'm pro in trading not in brokers
i want 400:1 or 500:1 leverage with metatrader platform
this is what all about (not asking for a trading system )
but anyway ,i've got some horrible web site about the FXopen(Fxegypt)
check this http://fxopen.info
thanks peterM
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