On 45-minute documentary “The Player: Secrets of a Vegas Whale”, Bloomberg’s Trish Regan takes us inside the casinos of the Las Vegas strip, where high roller Don Johnson, a professional blackjack player, hit Vegas and Atlantic City casinos for a total of $15 million in a single winning streak.
In the documentary, Trish Regan reports on the weakened state of the $37 billion casino industry that allowed Johnson to take advantage and tip the odds in his favor. Her thesis: Casinos were so desperate for whales like Johnson that they allowed him to beat the system.
Regan got Johnson to outline how he managed to control the odds. His strategies included negotiating a 20 percent rebate on losses, railroading different table rules – such as splitting and doubling up to four times in one hand – and rejecting traditional comps for up to $50,000 in free play. But Johnson implemented other strategies, too, namely antagonizing and intimidating dealers into making mistakes.
“At the end of the day, if you can beat the dealer, you can beat the house,” Regan said. “More than anything else, this is what Don Johnson was able to master and use to his advantage throughout his run.”
If gambling interests you, you definitely need to watch this unique documentary featuring Steve Wynn (CEO, Wynn Resorts), Jim Murren (CEO, MGM Resorts Ltd.), Gary Loveman (CEO, Caesars Entertainment), Bill Boyd (Chairman, Boyd Ltd.), and none other than Don Johnson himself.