www.4online-gambling.com

Casinos at the mercy of mathematics geniuses...

 

We all know that on balance, the casinos get the better of the player more often than the corollary occurring.  Every casino game has an in built mathematical house edge and that will give rise to a return to player rate tending to less than 100% the longer you play .  It's an unfortunate fact of life, and one not so subtly evidenced by the fabulously extravagant structures that our gambling habits are able to fund (with profit to spare!).

It's always great to hear of an instance where the table are turned, if only for a brief moment, and players are able to give the casinos a taste of their own medicine. And I'm not talking about a lucky streak, or a jackpot being hit...this is the sort of stuff the casinos expect and generally enjoy have happen as more often that not the winning are just ploughed back into the casino, of at the very least provide great publicity that the casino is a place to make easy money.

No I'm taking about the situation where an elite mathematical genius combines with an understanding of the game of blackjack and all associated probabilities, to produce a situation where the player knows that he can play with an edge on the house, and the ruthless execution of a resulting strategy to take the casinos to the cleaners.  It as happened...read on.

MIT Blackjack Team

In the 1990's, a group of mathematics whizzes studying at the prestigious Massachusetts Institute of Technology trained themselves to become expert card counters and shuffle trackers.  Employing their blackjack system they managed to win millions from a number of unsuspecting casinos, who subsequently spent a great deal of time and money trying to keep the MIT Blackjack Team away from their tables.   The media soon caught wind of the MIT team's escapes and the extent to which they had taken casino around America to the cleaners, and they instantly became world famous and became entrenched in gambling folklore.

The MIT Blackjack team took the art of card counting to a new level,  employing team tactics to ruthless effect to ensure full opportunity would be taken of the prevailing count, while at the same time making it harder for the casinos to detect the fact that any counting was happening.  Each team member would have a specific task.  There was the "Spotter" the "Gorilla" the "Big Player" and the "Back Spotter".  The team was able to achieve an average profit percentage ranging from between 10 and 20 percent per gambling foray, translating to wins on big weekends of up to $400,000....and these were kids in their early 20s!

To read more about the MIT Blackjack Team, click here.

 

More articles:

General:-

eCOGRA award   Cyber-squatting   Casino mogul   Online gambling bubble   Online gambling tax    Online gambling & Carpal Tunnel  Online gambling in the UK    Illinois internet gambling    Online gambling ban    Gambling Ramblings    Betting Online    Easy winnings   $100K breasts    Bet the house    Gambling tales    Taxes and Gambling    Will Online Gambling Fold   Selecting Casinos Online    Swimming with Sharks    Online Sportsbooks    Online Gambling Ban     Online Casino History    Sports and Gambling    Online Gambling ups and downs    Online versus Offline Gambling    Online gambling   Online sportsbook   Tips for online gambling    Online gambling and work    Online gambling and the WTO   Online gambling and the law    Keeping your bankroll gambling online   History of online gambling    Gambling secure online    Famous online gamblers Gambling online versus off   The House Rules     Stories from the Table   How to Mark Cards    How to Become a Dealer   Gambling on Film     For the Frugal Gambler    Casino Security in the Brick and Mortar World

Sports betting:-

Become Your Own Handicapper   Online Sports Betting Fraud and Fair-play    Online Sports Gambling’s Biggest Bets    Sports Betting Jargon Explained      The Do’s and Don’ts of Sports Gambling Online    Lessons From the Cup    How to Read Moneylines and Picks     Everything You Wanted to Bet on  

Responsible gambling:-

Gambling addiction    Responsible gambling tips   What is Responsible Gambling?    What is Responsible Gambling? 2   Stories from the Edge

Poker:-

Poker boom continues    Online Poker freebies    Online poker percentages    Omaha Hold’em online    Online poker strategy   Red Dog Poker online    Texas Hold’em online      Playing Holdem Online    7 Card Stud    Online Poker Etiquette     Online Poker Tells 1    Online Poker Tells 2     Online Omaha Holdem     Holdem 1     Holdem 2     Holdem 3    Holdem 4    Holdem 5    Best Pocket Hands    WSOP 2006   WSOP 2005   WSOP 2004   WSOP 2003   Women and the WSOP    Sit 'n go    Tournament poker    Three card poker    The Old Regime and the Poker Revolution   Record Breaking World Series of Poker    Poker Variations   Poker Blog Review    Other Community Pokers    Omaha Hi/Lo    Omaha Hi/Lo    History of Poker    Draw poker   Community Poker Alternatives   Classic Poker Cheats    Caribbean Stud    Titan Poker   Titan Poker Walkthrough   Titan Poker Walkthrough   Titan Poker Walkthrough    Titan Poker Walkthrough   Where They Were Before   The Most Dramatic Wins (3)   The Most Dramatic Wins (2)    The Most Dramatic Wins (1)    Seven Card Variations     Seven Card Alternatives   Putting Beef in the Bankroll    How to Play Anaconda   Five Card Tactics and Tips   Five Card Alternatives    Everything Else About Online Poker   Even if you Forget Everything Else

Blackjack:-

MIT Blackjack    Playing Blackjack Online    Blackjack Core Strategy    Playing blackjack online     Best blackjack books      Blackjack strategies    Blackjack - how to count cards   History of blackjack

Roulette:-

History of roulette    Roulette Part 1   Roulette Part 2    Roulette Part 3   Roulette Part 4

Craps:-

History of Craps   Craps 1    Craps 2   Craps 3    Craps 4     Craps 5    Craps 6     Craps 7   Its not Craps its Sic Bo

Video Poker:-

Video Poker strategic benefits    Online Video Poker

Slots:-

Online Bonus Slots   Still on Slots    Bonus Slots & Video Poker

 

         

 © 4 Online Gambling .com. All rights reserved

subscribe  I  Add us to your favourites!   contact us   I   site map  I