MIT Blackjack Team. Part 1: Beating the dealer

Blackjack is the only game in all the casinos where the gambler can have and derive benefit from the odds. The MIT blackjack team took advantage of it with excellent results.

MIT blackjack team & Beating the dealer

One university professor whose name is Edward Thorp in the early 1960s wrote his well-known book “Beat the Dealer”. This book portrayed a computer program designed for counting cards.

This programm helped the gamblers to understand the odds of the game, and consequently the recompense with the odds was turned to players advantage. So, the MIT blackjack team had to use these odds in order to make a killing while playing.

This game is rather simple. Both the dealer and the gamblers are dealt cards, and whoever gets more wins. The maximum wins that is possible are 21 wins.

The system of Edward Thorp used card counting and a lot of other signals to “beat the dealer”. Just using one pack of cards you may bring the odds to 2% to your benefit.

But soon the casinos created self-defence against card counters. It had the same principle of operation as self-defence against cheaters.

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