What a specialist knows about YOU

The dealer doesn't play his hand according to what the player has. No discretion is involved on the dealer's part. His play is strictly mechanical. But your overall point is worth thinking about.

 

If your a dealer and you have 18 and you know all the players have 19 or above, but the mechanical rules say hold and call. Does it make a difference now? You know there is nothing to lose by gambling for a 3 card. If you didn't know the hands you're up against you've no chance at all (i.e. no edge).

 

You're over 3 years late with your concern. The specialists have not been significant in years. Do you even realize that they no longer get to see the majority of the order flow.

When it mattered, they usually identified the daytraders by the clearing firm. When most prop NYSE firms used to focus on tapereading & bullets, it was not hard for the specialist to notice which orders are daytrader orders. Basically, anyone with a common prop firm clearing ID got sh*t fills.

Specialists are greedy sharks who would screw over their own mother for a nickel. It's not that they targeted daytraders, it's just that daytraders are the easiest prey. Their complaints fell on deaf ears and they are very fragmented.

 

Try trading on Globex, same crap. The ES is becoming such bullshit, they run stops over and over on the SAME move. Don't believe there aren't any MM's in futures, they just call them "Liquidity providers" but it's the same bunch, GSCO & the gang lol.

 

Huge bank and brokes by eliminating their smaller firms/brokers and small competitors. now that bear stearns is no longer in the business have the potential to create a MONOPOLY that has even more power to manipulate the markets.

Competition is bad for 'business'

 

What casino requires the dealers to hit dealer's 18? I'll book a flight there first thing tomorrow.

 

lol you sound like a great trader. i never knew stevie cohen was a member of elitetrader!

 

Casino's do not know all the hands at the table, if they did, they'd have an Algorithm to let the dealer know when it was OK or not to hit 18.

Here's a complimentary cocktail token just for showing interest! :}

 

Players have 19-21. Dealer makes 18. Isn't that the situation you described? The hand is over and the players get paid. Period. End of story.

 

The dealer never ever needs to hit at 18 even if he was allowed to. The dealers job is to keep people at the table and playing.

The statistical edge is already with the dealer. Some people here show exactly how much they know each time they post and its scary how little it is at times.