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Bob Martin introduced today’s presentation by telling the story about the founder of Federal Express, Fred Smith, who was not able to make payroll one day. He sat down at a blackjack table, and left being able to make payroll.
Charlie Frair, a member of the Portland Rotary Club, showed up in a tuxedo to tell us about his new company, and his alter ego, Casino Ed. With him was his education partner Dee Mystify, telling us about "Casino Fun 101: How to go to a casino, have a great time and not lose your shirt.” This is a new company, with a mission that matches their course title.
Dee Mystify, has worked 35 years at Unum, and is now trying something a little different. She did not give up her day job yet!
Casino Education Company has been working on the course for a year. Ed and Dee thought it would take a couple of months, but it ending up taking a year. There are 11 golden rules which one can learn in Casino Ed and Dee Mystify’s course:
Rule #1 - Casinos are meant to be fun. If they are not fun, do not play.
There are four basic player types
Bozo - No idea what they are doing, make horrible decisions, are generally miserable all the time
Beginner - New, with little or no gaming experience. Need to be focused on learning, applying what they learn, getting experience.
Better bettor - Consistently improving and becoming better at making betting decisions. Uses some advanced strategy, manages time, manages money, keeps records to learn from.
Boss - Really understands the games, always managing time and money, regularly wins.
Reality of Gambling
Rule #2 - All games are designed to give the casino an advantage.
A story is told that young Albert Einstein went to Las Vegas and hooked up with Nick the Greek, a well known Vegas Boss. Little Al states that no one can win money at roulette unless he steals money from the table. Nick takes a handful of red chips, places them all on red. Red hits and he doubles his money. Nick does it once more and again doubles his money. Little Al then says “Would you be kind enough to wash my mouth out with soap?”
Rule 3# - Casinos always win in the long run, but sometimes lose in the short run.
The house gives players the opportunity to beat themselves, not the opportunity to win.
Casino Ed says:
Make a money and time plan
Play with discipline and patience
Mistakes made by players
Limited game knowledge - Most people do not know the rules of the game they are playing. There are different rules at different casinos for the same game.
No time or money plan - How long will I play? What time will I quit? At what level of win or loss will I quit?
No discipline or patience - Not learning a game before playing. Violation of the time and money plan.
Rule # 4 - Learn the game
Rules/Rule variations - Pick player-friendly rules, so you can understand them. Understand that the easier it is to play, the higher odds are against you.
Carl Spang opened the meeting with an Invocation and Kathy Grammer led us in “God Bless America.”
President Kris welcomed 54 members, three guests and two visiting Rotarians. Lester Evans took a turn at drawing the Queen of Hearts, but luck was not with him. The pot is now up to $380.
President Kris reminded us to sign up for the summer 'Feeding and Reading' program in North Deering and to plan to attend the September 12, 2015 'Centennial Gala,' which now has several sponsors thanks to the efforts of Bob Traill, Jim Willey, and Christine Force. President-elect Bowen Depke announced that the ABSOLUTE sign-up deadline for the Jewel Island Cruise is the JULY 3RD AT NOON. The cruise is on July 9th from 6-9 pm. Contact Loretta Rowe is you need more information.
President Kris asked for volunteers to help with the Tall Ships July 16-20, then provided us an excellent summation of his year as our club President. Among the accomplishments done by our club during his tenure as President were:
expansion of the Summer Reading Program
increased Rotary participation at the Preble Street Soup Kitchen
increased Foundation giving over the prior year
a record year for the Maine Outdoor Challenge
a major grant for the Dominican Republic program
President Kris then thanked all his Program Chairs for their hard work and support during the year. He and Bowen Depke exchanged pins and the club welcomed Bowen as our new President, effective July 1, 2015.
Our Jewell Island cruise on Casco Bay is set for this Thursday evening, July 9, 2015. (There will be no regular club meeting on July 10th.) We have ordered a good forecast for Thursday's weather: Coastal - a slow clear, balmy evening in the low 70's. For more details, click on the "Jewell Island Cruise" name at left.
From President Bowen:
This is a reminder that our centennial year starts this Thursday with the Jewell Island Cruise. The Bay Mist leaves at 6:00 pm from Casco Bay Lines. They should be boarding the boat around 5:30 pm. The boat returns at 9:00 pm. It's a "three-hour tour"!
If you haven't signed up yet, you can still show up with the price of $40 apiece, but there will be no food for you. If you like, you can bring your own. The cash bar will be available to all. For those that have signed up, thank you! There will be a "box dinner," cash bar available and further details once you are on the boat.
We'll see you on Thursday.....remember.....there is no regular Rotary meeting this Friday.
On Friday, July 10th from approx. 2-4p.m. we will be moving our archived files/materials from President Bowen's downtown offices to a dedicated storage area at an E. W. Noyes storage facility. Peter Noyes has graciously offered a huge storage room for our archives, where they will be safe and easily accessed for future reference. The room will be under lock and key with only two keys....for now, both keys will be under the care of our club Secretary.
WE ARE LOOKING FOR 2-3 VOLUNTEERS WHO WILL HELP US WITH THE MOVING PROCESS OF STORAGE TOTES, BOXES AND MISCELLANEOUS ROTARY MATERIALS.
We don't have a Rotary meeting on that day....Jewell Island Cruise is the night before.
Please contact Loretta at: lrowe@maine.rr.com or 883-5432, if you can help.