Mit Card Counting

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Card counting has been in use since decades, but it got much publicity recently when the movie '21' was released. MIT blackjack team's play had been based on card counting techniques, so we can talk here about MIT card counting.

Card counting is a strategy used to determine when the player has advantage at the game. Card counting is used mainly in blackjack and its other forms like Spanish 21.

Blackjack Card Counter will help you learn card counting without having to enrol at MIT! Use it to bring down the house odds or teach yourself the. Interesting fact: Several members of the MIT card counting team, including Bill Kaplan (photo) all make cameo appearances in the 2008 film 21, which is loosely based on the team's story. 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 playing blackjack, has sparked a lot of interest from the general public in blackjack and in particular card counting. While Dukach had been in MIT he had been recruited in the MIT team. He was trained and coached to use the card counting techniques and had been made a member of the Strategic Investments team in 1992. Semyon Dukach was an important member of the MIT.

How It All Began

With the card counting theory, players can determine their probability ratios of their advantages and disadvantages during the game. Using this they can then determine whether to play or not and how much to bid which increases their levels of earning.

When players use only basic strategy in blackjack, even if it is perfect, they only have an edge of around 0.5%. A player who uses card counting techniques and uses it to his advantage will have an advantage of 1% approximately against the casinos. It is even possible to have an advantage of around 2.5% in certain games like Spanish 21.

However, this would depend on the skill levels of the player as well as various other factors like the penetration level, number of hands played per hour and several others. Blackjack has a high level of variance so even those who are skilled card counters would generally have to put in hours of play for making a sizeable amount of profit.

Also, the amount of profit generated by a card counter would also depend on the average bets he makes. If a player having a 1% advantage makes an average $50 bet then he would win around $0.5 per hand. This would mean that if he plays 50 hands every hour he would win $25. If he bets more he would win more.

A player who uses card counting techniques would generally try to increase the levels of profits by betting more. This would mean that a card counter would need a sizeable bankroll to make most of it. By calculating the odds of winning the player can then make the most of it by betting large amounts on hands where he/she has a higher probability of winning and not betting on hands where there is low probability of winning.

In the earlier days, card counting used to be done with the mind solely. Individuals good at math and those with a knack of quick calculations in the mind used to have an edge over the other. In the recent years, with the advancement in technology, there are plenty of devices available, which are used for card counting.

However, using devices for card counting is illegal in all casinos. Devices like applications for iPhones and other hand held devices were declared to be illegal for card counting by the Nevada Gaming Control Board in 2009. However, counting with your mind is still legal and according to many serious card counters it is even more effective.