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The legend of the MIT - team
10th May. 2017, at 08:48 am CEST#1
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Anyone who has ever played Blackjack, wants to play it, or is interested in it, should have heard something about the legendary MIT team.In case this is not the case here is a brief introduction :
MIT stands for Massachusetts Institute of Technology - a university in the heart of the United States. Here some students met in the middle to end of the 70's to play initially only a little cards, among other things evenly also Black Jack. With this play it concerned a play with the casino a relatively small house advantage holds.One came fast on the idea card counting techniques to try out and train.From the loose meeting a club was created fast the regularly together.From the club arose later even own course at the university.One began now purposefully members for this club to select, because long not everyone was taken up.Here several tests had to be gone through. J.P. Massar, the founder of the team, later established contact with Bill Caplan, who had already supported other blackjack teams before the MIT team was formed. Under Kaplan's direction, private investors were actually found to finance MIT.It was not until the beginning of 1980 that the MIT team began operations.they played the HIGH/LOW card counting technique in small,constantly changing groups in order not to get caught.the team initially consisted of just under 10 players and the starting capital was just under 100,000 US dollars.within the first few weeks,the starting capital was doubled.Investors could thus expect 200% - 250% returns within a very short time.The players themselves earned about 80 - 120 US dollars an hour.Until the mid-80s, the team grew to up to 80 players at times and one could achieve insane profits.But the casino operators also took countermeasures and issued mass house bans.Cutting cards and other measures were introduced to stop the card counting.Until the end of the 80s played after MIT team further, later under the name Strategic Investments.Finally, the members but gradually lost interest and also the notoriety had become too high.In 1993, the dissolution was announced.
The MIT team was the most successful (known to us) Black Jack team.The final winnings were never exactly known.Everyone who plays Black Jack dreams of the name "MIT".Hollywood of course also took up the story and staged several movies.The most famous is probably "21" from 2008.Today, any counting technique has hardly a chance - online certainly not.But who knows - maybe someone has again a brilliant idea....
The legend of the MIT - team
Nobody has liked this post so far
MIT stands for Massachusetts Institute of Technology - a university in the heart of the United States. Here some students met in the middle to end of the 70's to play initially only a little cards, among other things evenly also Black Jack. With this play it concerned a play with the casino a relatively small house advantage holds.One came fast on the idea card counting techniques to try out and train.From the loose meeting a club was created fast the regularly together.From the club arose later even own course at the university.One began now purposefully members for this club to select, because long not everyone was taken up.Here several tests had to be gone through. J.P. Massar, the founder of the team, later established contact with Bill Caplan, who had already supported other blackjack teams before the MIT team was formed. Under Kaplan's direction, private investors were actually found to finance MIT.It was not until the beginning of 1980 that the MIT team began operations.they played the HIGH/LOW card counting technique in small,constantly changing groups in order not to get caught.the team initially consisted of just under 10 players and the starting capital was just under 100,000 US dollars.within the first few weeks,the starting capital was doubled.Investors could thus expect 200% - 250% returns within a very short time.The players themselves earned about 80 - 120 US dollars an hour.Until the mid-80s, the team grew to up to 80 players at times and one could achieve insane profits.But the casino operators also took countermeasures and issued mass house bans.Cutting cards and other measures were introduced to stop the card counting.Until the end of the 80s played after MIT team further, later under the name Strategic Investments.Finally, the members but gradually lost interest and also the notoriety had become too high.In 1993, the dissolution was announced.
The MIT team was the most successful (known to us) Black Jack team.The final winnings were never exactly known.Everyone who plays Black Jack dreams of the name "MIT".Hollywood of course also took up the story and staged several movies.The most famous is probably "21" from 2008.Today, any counting technique has hardly a chance - online certainly not.But who knows - maybe someone has again a brilliant idea....
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