Everything Everywhere Daily Gamblers Who Beat the House
Jul 28, 2024
Explore the fascinating world of gamblers who have outsmarted casinos! Discover unique strategies and inspiring stories of resilience. Learn about the groundbreaking work of Edward Thorpe in card counting, and how players used legal tactics in blackjack and horse racing to their advantage. Delve into remarkable cases where individuals turned the odds in their favor, proving that while the house usually wins, some clever gamblers can indeed come out on top!
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Card Counting Is Legal Math
- Card counting is a legal, mathematical method to shift odds by tracking which cards remain in the deck.
- Edward Thorpe proved betting timing eliminates the house edge and published Beat the Dealer in 1962.
Thorpe's Early Casino Win
- Thorpe tested his theory with Manny Kimmel and turned $10,000 into $11,000 in two days at Nevada casinos.
- The book Beat the Dealer revealed the method and casinos countered by using multiple decks and reshuffling.
MIT Team's Coordinated Card Counting
- The MIT team used coordinated counters and a 'big bettor' to hide erratic betting and made millions from 1980–2000.
- They ran a professional operation with investors who earned returns for about 20 years.