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March 21, -- It's the stuff that gamblers' dreams are made of. When he knows he has the advantage, he bets higher. Henry Tamburin, author of "Blackjack: Take the Money and Run" and editor of Black Jack Insider Newslettersaid it was "unheard of" but not impossible that he was getting a discount of 20 percent on his losses.

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After barraging an Asian family with a racist rant, tech CEO apologizes. The year-old resident of Bensalem, Pa. His prowess in blackjack, he says, has gotten him banned from some casinos. Alan, a professional gambler who asks that his last name not be used, adds, "Even under normal circumstances, the house's edge is small against a knowledgeable player. Not only do you change the amount of your bets, you change your playing strategy: When you know it's to your advantage, you hit a hand you'd otherwise have decided to stand on. What Would You Do? When he knows the advantage has shifted to the house, he bets lower.