As we all are aware of, getting in a casino and playing all sorts of games like gambling or even slot machine online malaysia, the house always wins whatever the chances are.
However, what happens when a group of Harvard graduate students band together to overcome the edge using various technical skills and knowledge to scam their way out to millions of dollars? This MIT Blackjack Team has inspired many card counters around the world in hope to be as successful as they are.
For more than a decade, this group of students from Massachusetts Institute of Technology (MIT) has proven to everyone that you could win over the house edge that made the casinos feel restless.
Along the years, they came up with a card counting method, practising it until they’ve known it like it’s their back of the hand and continue to gain multiple winnings from the casinos.
It first started when they grouped together in the 80’s where this group of students from MIT had taught themselves a card-counting technique and tried it out at a brick and mortar casino.
After several wins and big losses and not so much of funding, they decided to join hands with Bill Kaplan who was a Harvard graduate who had the passion to become a professional gambler. Once they were all acquainted with one another, Kaplan chose to standardize all of their card counting methods to Edward Thorp’s high-low counting system which was inspired by his book ‘How To Beat The Dealer’.
Now that Kaplan has trained and managed them while whipping them into shape to take on the casinos, he decided to expand his ‘business’ and tried to scout more members to join them.
Most of the time, members are recruited through filling of forms and word of mouth around MIT while Massar was continuously scouting members at MIT, Harvard and nearby colleges. However, potential members are carefully screened in order to join the official team.
They had to get into a process called ‘trial by fire’ whereby they had to play through eight six-decks shoes games with almost perfect scores. As the method was paying off the number of the members grew even more with the standardized method.
In order to master and use this method in a game, 3 different types of player which consists of a spotter, a controller and a big player is needed. Based on his or her count, the spotter is supposed to decide if the deck is positive while also working along with the controller to corroborate and routinely betting small bets to keep their spot on the table.
Once they mutually agree on the positive stance of the deck, the big player would get a signal to take advantage of the hand in hopes of winning a large sum of money.
In addition to Kaplan constantly monitoring the member’s progress over the years, they have managed to remain strong and have consistently added new members and also made tons of money.
It has been said that every trip they took to a casino in Las Vegas, they would bring in an estimated amount of $100,000 and scarcely up till more than $1,000,000.
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