Kit Chellel
speaker
486 appearances
2 recordings
2 series
first heard Apr 2026
last heard 13 May
Kit Chellel’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 1.
Appearances
Sounds stupid.
Actually, it's not a bad casino bet.
But the odds and casinos are designed to be only slightly in the house's favor.
The game can't be so unfair that you've got no chance of winning.
So they have to balance it quite carefully.
They want to win mostly, but they also want to give you hope.
And that's kind of the secret for advantage plays because the house edge is small.
You only need to be a little bit smarter than average to turn a profit.
You only need to be 10% better than dumb luck to overcome the house edge.
And then once you've got your advantage, you just play over and over again, thousands of times until your profit comes.
Yeah, the whole scene of advantage gambling, these professionals, they come from a sort of singular moment in time and a singular place in time, which is Las Vegas in the late 70s and early 80s.
And this was sort of the heyday of card counting.
This is when thousands of young, mostly men from all over America who were good at maths and had read a book called Beat the Dealer, they all descended on Las Vegas to try and make it big as gamblers.
So while this sort of intellectual firepower comes to the City of Sin, at the same time, you've got the personal computer, the dawn of the personal computer era.
The Apple II goes on sale in 1982, I think it was.
And so for the first time, you've got mathematically minded people who have access to this technology that when it comes to games of chance is incredibly powerful.
You know, being able to have access to an odds processing device in your pockets gives you significant advantages that no one had had before.
So all these guys were developing wearable computers and writing their own software and they were doing it at a time when they could, but you could make real money in Vegas doing it.
And the whole scene we have today, you know,
what we call sharps, professional gamblers, the people who do it right, you can trace most of them a lineage directly back to the early 1980s in Vegas.
Showing 241–260 of 486 · page 13 of 25
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