Elroy watched a program on the Learning Channel on card
counting. The guy from MIT who figured out how to beat the casinos at blackjack
made it look easy. He was encouraged by the group of college kids making a
killing playing blackjack on the weekends.
Elroy bought every book he could find on the subject and
practiced card counting for twelve to fourteen hours a day. Before long he could
count cards in his sleep. Elroy found himself counting cards without even
thinking. He was ready to start his new career.
Las Vegas casinos never knew what hit them. Elroy made money
every night as he worked his way down the Strip. When a casino got wise he
acted drunk, cashed in his chips and left.
Elroy loved to spend his winnings. He bought fancy clothes,
ate expensive meals, and enjoyed costly women. But Elroy was smart. He always
kept an ample amount of cash to start the next day playing blackjack in case he
lost a few hands he shouldn’t have. Sometimes the cards are fickle.
Variance is a lesson Elroy never heeded. Variance says there
will be times you will lose even when the odds are in your favor. Sometimes
variance rears her ugly head for a long stretch of time. Tonight is that time
for Elroy. The cards kept putting the odds in his favor, so he bet big, and
lost. Again and again.
The casino was more than happy to extend credit to Elroy.
Elroy signed the marker and kept playing. And losing. So he signed another
marker. Then another. Elroy made a rookie mistake. He kept thinking the cards
would eventually revert to the mean. It never happened. And Elroy kept playing,
borrowing more from the casino, and losing to the crooked dealer the casino put
at his table. You see, Elroy was the mark.
In the wee hours of the morning
the casino cut Elroy’s credit off and demanded payment. Elroy was broke. The casino
demanded payment via cash or services. Elroy had no choice. Now Elroy works for
the casino as Laura. He pays off $300 of his debt to the casino for every
customer he services. It will take years for Elroy to retire his debt, but he
accepts his new life and is really happy with the way life turned out.
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