This Might be the Best Blackjack Tip Ever
How The MIT Students Beat The Casinos At Blackjack By Henry Tamburin Bringing Down The House by Ben Mezrich, a book the describes how a team of MIT students won millions playinghas sparked a lot of interest from the general public in blackjack and in particular card counting.
Here is how they did it.
They basically learned the following skills- the basic playing strategy, card counting, and team play - to win at blackjack.
Basic strategy is simply a set of rules that tells you the best way to play every hand dealt to you.
Next the MIT team members learned a card counting system.
This is a way to keep track of the cards as they are played after a shuffle.
Likewise the high cards � tens, picture cards and aces � have a minus blackjack card counting books tag.
They add and subtract the tags for each card that is played from the shuffled deck s to arrive at a sum known as the running count.
The more positive the running count, the more high cards are left in the undealt cards which gave them the advantage, so they bet more often tens of thousands.
When the running count was negative, they bet less because there was an abundance of small cards left in the undealt cards a situation which gave the house a decided advantage.
The team members, therefore, waited for the deck to get good before they bet large sums of money.
The member of the MIT team did not play solo much like most card counters would do.
They went one step further by using spotters, Big Players, and a team bank.
The BP continues to bet big until the spotter gives another signal that the deck has gone bad or negative and then the BP leaves the table.
The BP basically wanders around the casino waiting for another call-in from a spotter.
Because the spotters always bet the minimum on every hand the casino is less likely to finger them as card counters.
The BP acts and appears as just another high roller as he enters the game making large bets hand after hand.
Besides the physical signals, their team also used oral signals to indicate to the BP what the count was so the BP knew how much to bet.
These oral signals were key words that they would use in a sentence.
For example, tree meant a count of plus 1.
Stool was plus 3, bowling was plus 10.
Probably the biggest weapon the MIT team learn more here going was a team bankroll.
Not only did each player put up a sum of money, but investors had invested blackjack card counting books the team.
With one large team bank, every player on the team used this one combined, large bankroll as if it were his or her individual bankroll.
This in turn allowed the MIT team players to bet larger amounts of money with the same risk compared to playing solo.
And the greater amount of money that a card counter can get on the table, the more money he or she stands to win.
This is what makes blackjack teams so powerful.
Player B joins Player A to form a team.
As a general rule the profit potential of a team of skilled players is link to the profit potential of each individual if playing solo times the number of players on the team squared.
The more members on the team the more money a card counter stands to earn.
And of course the more you money you wager the higher the individual earnings.
Playing on a team also smoothes out the bumps in the road and makes the negative swings more manageable and tolerable.
This means that the probability is higher that a team of players will be ahead after playing x hours compared to a solo player playing the same x hours.
The life of a card counter can be lonely, especially when they are losing.
But when they are playing on a team and have a disastrous losing day, members often provide support and sympathize with their plight this is clearly brought out in blackjack card counting books book.
There is also the possibility that even though one member of a team lost, other team members have won.
Secondly, having a group of individuals trying to achieve the same goal winning x amount of money often provides an uplifting psychological advantage.
Thirdly, team players are more apt to share intelligence about games with better rules and penetration which makes winning easier for all team members.
It took months and months of practice before the MIT team members were ready to take on the casinos.
And even though they won money in the long run, over a few days and weeks of play they took their lumps, which is normal for card counting.
Their key to success was their understanding of risk and return and their large bankroll.
By the way, in early 2010, American Casino Guide author, Steve Bourie, interviewed Mike Aponte of the MIT Blackjack Team.
They discussed how Mike first became involved with the team; how they operated; his role on the team; and their biggest success.
Mike also explained what he did after the team broke up; what he is doing today; and his best advice for blackjack players.
To listen to that interview, go to the section and look for the March 2010 interview.
Henry Tamburin has been a respected casino gambling writer for the past 50 years.
He is the author of the and was editor of the Blackjack Insider newsletter.
You can read his latest articles on blackjack, video poker, and his personal playing experiences at Gambling is restricted in USA.
A few states such as New Jersey and Pennsylvania permit online gambling to persons over 21 years.
Land based casinos are popular and legal in most states.
This Might be the Best Blackjack Tip Ever
Card counting achieved renewed fame through the book �Bringing Down the House,� about a group of students from M.I.T. and Harvard that.
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