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Table Games Renowned MIT card-counters return to Vegas — this time as gaming panelists

Discussion in 'Table Games' started by DonD, May 29, 2013.

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  1. DonD

    DonD Super Moderator

    Nov 5, 2004
    So Cal 91748
    Trips to Las Vegas:
    Card counting isn't illegal, but casinos are wary of any tactic that can improve a player's chances. If a pit boss has reason to believe a player is counting — usually suggested with rapidly raised bets when the cards are stacked against the house — that boss can simply ask the player to leave.

    Here's the full article:
  2. Kickin

    Kickin Flea

    Aug 10, 2012
    Their teams story is interesting from a risk management standpoint. And I'm talking about the true story, not the wildly fictional nonsense Mezrich made up in "Bringing Down the House" or the movie 21. That was only good for Hollywood.

    It was essentially managed like any fund except the only material value they added was a careful approach to value at risk. The card counting part was simple and straightforward but on its own wouldn't have led to their success. It was really about the fund managers approach to minimizing downside volatility. The book and movie dealt with none of that.

    Unfortunately that's Mezrich's style. He wrote a book sort of revolving around my business that was laughably inaccurate and nothing but fluff.
  3. xray

    xray Tourist

    Sep 12, 2006
    Trips to Las Vegas:
    I agree with the last paragraph in the article that blackjack trained these guys to be more successful... One of them is a CFO for a luxury goods company...
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