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Card counting is a blackjack strategy used to determine whether the player or the dealer has an advantage on the next hand. Card counters try to overcome the casino house edge by keeping a running count of high and low valued cards dealt. They generally bet more when they have an advantage and less when the dealer has an advantage.
The MIT Blackjack Team was a group of students and ex-students. The students were from Massachusetts Institute of Technology, Harvard University, and other leading colleges; they used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide.
Since this took place at a time when card counting was well understood by casino executives and managers, and since the primary clue by which casinos detect card counting is a card counter's "bet spread" pattern, most card counters would also consider Uston a genius of disguise, and/or "card counting camouflage".
Ken Uston, 2002, professional player and author who popularized the concept of team play, often playing in disguise and successfully suing the Atlantic City casinos for the rights of card counters. Stanford Wong, 2002, author and popularizer of the strategy known as "Wonging". Tommy Hyland, 2002, manager of one of the longest-running blackjack ...
Nothing has been stolen, but Kevin finds "a single purple casino chip sitting on his kitchen table." The implication is that the chip is a calling card left by Vincent Cole as a warning to Kevin. This scene again asks readers to accept that the chip-swallowing story is factual (or at least was actually in circulation among MIT counters as a myth).
When conditions worsened for card counters in Atlantic City, Hyland's original teammates began playing in Asia. Hyland stayed in Atlantic City and recruited golf buddies to form a new team. Hyland's blackjack team has used multiple advantage gambling techniques, including computer play, shuffle tracking, and ace sequencing.
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Thorp is the author of Beat the Dealer, which mathematically proved that the house advantage in blackjack could be overcome by card counting. [1] He also developed and applied effective hedge fund techniques in the financial markets, and collaborated with Claude Shannon in creating the first wearable computer. [2]