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Wednesday, February 27, 2008

The MIT Blackjack Team Story

What's the first thing that comes in your head when you believe of MIT, the world-renowned Massachusetts Institute of Technology: technology genius, mathematical wizard, visionary, geek, hacker? If you chose any 1 of those, you would be correct. Mix them all together, add some fume and mirrors, big-time anonymous investors, a elan of lawlessness for good measure, and you acquire one of the best cozenages of all times—the Massachusetts Institute of Technology Blackjack Team—the ultimate in high stakes, genius-backed hacking! Infamy is nil new to MIT. Some of the world's wiliest hackers hailed from the sacred halls of MIT; but when one talented mathematics professor and six talented pupils banded together, they propelled organized hacking to dizzying high and snookered organized gambling to the melody of millions! That was sweet music to the ears of billions who have got got left behind little fortunes in their pursuit to beat the casinos.

After school club

The Massachusetts Institute of Technology Blackjack squad began as an after-school baseball baseball club held in campus classrooms where pupils assembled to use their mastermind to card games, unwind (at least, by Massachusetts Institute of Technology standards), and have fun. The baseball club eventually evolved into serious business. The squad set up a complete resistance system of casino mock-ups spanning apartments, warehouses, and classrooms scattered across Hub Of The Universe where they worked diligently to perfect their scheme. Before advancing to dwell play in the casino, each player had to go through a strict battery of diagnostic tests encompassing all of the functions under fake casino conditions, including distraction and harassment. Still, they were not ready for the large conference until additional honing their accomplishments in Boston's Chinatown before heading to Las Vegas.

Card Counting

Card counting, the bosom of their system, is a proved winning technique. Blackjack likelihood offering the 1 chance for those with skill, dogged determination, and subject to consistently beat the house. The casinos cognize that Blackjack is vulnerable (that smart, disciplined players actually have got a combat opportunity of winning), and that is why they ban the large winners and harass and endanger possible large winners.

Casino direction additional understands that it takes lone one or two errors to turn a player's winning system into a house win, and that is the only ground that they endure card counting—until it turns against them. They trust on human frailties, such as as deficiency of subject and distraction, to go back the advantage to the house.

The Massachusetts Institute of Technology squad used card numeration as the foundation of their system; it was only one among a figure of tools in their charming tool box, and even then, it wasn't traditional card counting. It added a high-low system, based on the statistical chance of receiving high or low cards, and they added an additional technique for cutting the cards that further skewed the likelihood in their favor.

Team members traveled together, seemingly as entire strangers. Each assumptive 1 of a figure of well-crafted sham identities, the squads included respective types of players, each member playing a well-defined role. Anonymous investors provided the interest and expected a tax return on their investment. One such as outing netted a 154% ROI after expenses. Transporting immense amounts of cash back and forth was another obstruction they overcame with ingenuity. Cash traveled in every conceivable manner: strapped to bodies, on "mules," in hollow crutches, just to call a few.

High Technical School volts Low Tech

Their reign spanned a good portion of the 1990s when they traveled the casino electrical circuit with entire abandon. Their $400,000 winning weekend in Las Vegas is legendary. Casino engineering was not yet at a phase where it could fit humors with Massachusetts Institute of Technology genius. At least, it had not made its manner to practical application in Las Vegas, Ironically, it would be low-tech sloppiness that brought the squad down in the end.

The casinos had learned to cover with the card counters long before the Massachusetts Institute of Technology pikers hit the scene. When they identified a card counter, they would guarantee that his play at the tables was a life nightmare, and should the card counter take the house for a big sum, they would immediately ban him. Technology in the 1990s had matured to a point where bad intelligence traveled fast. When the card counter was detected at one casino, it became nearly impossible to get away sensing at any other casino.

Profiled Massachusetts Institute of Technology Blackjack Team

Las Vegas casino foremen relied on a long-established profile of the Blackjack card counter, but since the Massachusetts Institute of Technology squad ran counter to the profile, that also worked in their favor, helping them to get away detection. The profile assumed one alone card counter. The team's nonchalant, seemingly random style of play also ran counter to the profile. But they were crazy like foxes—until they were no more.

Finally, slovenliness brought them to their knees. Eventually, they lost their subject and their cool; the well-oiled machine built with the preciseness of a Swiss ticker began to fall apart. They began to fraternize, and not just with the usual Las Vegas temptations, but with each other—in public. A sum opportunity spotting of the squads relaxing and playing at a Las Vegas pool blew their cover. The narrative of their unraveling lesion its manner dorsum to the back streets of Hub Of The Universe before they finally disbanded. The likelihood had finally turned against them, and the bet were far too high for even the geniuses from MIT.

The last remaining squad player was escorted from the table with the farewell words, "You can't play here. You're too good for us."

Blackjack Team in the News

The narrative of the Massachusetts Institute of Technology Blackjack Team doesn't stop with its demise. ABC, CNN, History Channel, and CBS's 60 Minutes all picked up the story. Bringing Down the House : The Inside Story of Six Massachusetts Institute of Technology Students Who Took Vegas for Millions (Simon & Schuster Adult Publication Group, 2002), by Ben Mezrich, chronicles the adventures of the squad from its origin to the end of the line through the eyes of squad member, Kevin Jerry Lee Lewis (not his existent name). One enterprising former member currently offers seminars based on the system.

The concluding sarcasm have yet to play itself out. Kevin Spacey is producing the film version of the book, owed to be released by MGM sometime in 2006. One have to inquire if the film will assist MGM retrieve its losings to the Massachusetts Institute of Technology Blackjack Team.


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