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Jeff Ma won millions as a member of the famed MIT Blackjack Team.
Now a serial 21 blackjack yahoo, Ma explains how his skills crossed over from the casino to the C-suite.
It was just one of many such big nights for Jeff Ma, who was a member from 1993 through 2001.
Eventually, the casinos refused to let the team--which won so frequently by using sophisticated and perfectly legal card-counting techniques--play anymore.
But Ma's story was far from over.
He used his skills at blackjack to launch, build, and sell three different startups.
Like many startups, the MIT Blackjack Team was funded by investors.
New players were constantly being recruited, and they honed their card-counting skills for months before source were allowed to go to a casino and bet with the team's money.
After four months of practice, Ma began going to Las Vegas, Chicago, and Louisiana with the team on the weekends.
Eventually, thanks to his card-counting acumen and calm under pressure, he was designated as a big bettor--he was one of the members who only bet big, while others made small bets or acted 21 blackjack yahoo spotters to alert the bettors to which decks on the floor were the most favorable.
That is why I love working in startups.
It's the same feeling--you get a group of people together and try to tackle a big problem.
You're trying to work together to build something, make money, and win.
That's essentially what blackjack is.
While under pressure in a casino, he adds, the worst click the following article you can do is to become emotional or rely on superstition.
While running a startup, the same is true.
One thing is to not be myopic, do not be loss-averse.
Do not think about what you can lose, but what you can gain," he says.
Cognitive biases influence our decision making, so focus on data and analytics to overcome these biases and think more objectively and dispassionately.
It's crucial that you're able to rely on and trust your teammates.
The more talent working, the more effective and efficient you'll be.
As your company grows, you need to hire employees and then trust them with important jobs.
Whether Ma is betting on a new startup or gambling, he says there are three pillars that you need to have in your organization: vision, opportunity, and team.
The blackjack team's vision was to beat the house.
The 21 blackjack yahoo pillar, opportunity, relates to how big the market is.
If blackjack pizza boulder company is successful, is the market big enough to provide billions of dollars from customer demand?
You need to believe in the team and believe 21 blackjack yahoo the team can execute," he says.
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Playing blackjack online is a smart and easy way to try out all of the tactics you want. of the time you won't catch that Ace and you'll simply go over 21 and bust.
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