MIT vs. Las Vegas 509
spellcheckur writes "Techno-mag-turned-fashion-rag Wired Magazine has an article about
MIT kids counting cards in Las Vegas. I wish I could have made seven figures while I was still in college. Maybe I should get a how-to book." Also, any chance is a good chance to mention The Eudaemonic Pie.
Jeez... hasn't this been going on for ever? (Score:5, Informative)
Re:Name Calling (Score:2, Informative)
Re:MIT Cost (Score:2, Informative)
book recommendation (Score:2, Informative)
Teaches you how to have hours of fun on the craps and blackjack tables without losing more the $20.
This issue of Wired, by the way, is just great. Expounds on water politics in western Asia and other stuff not discussed anywhere else. Well worth the yearly subscription of $10 to $12.
Ben Mezrich!!!! (Score:2, Informative)
Ben Motherfucking Mezrich. One of the best young fiction writers out there. According to the footnote it says he turned to writing non-fiction and his new book on this^ particular subject.
If you're unfamiliar with his works, I encourage anybody to check out Fertile Ground, Treshold and Reaper [amazon.com] which rips on Microsoft-like organization and their set-top devices in a really good techno-suspense novel.
Apparently he's back. And it's good news.
Re:Cheating Roulette (Score:4, Informative)
Actually, with a free-odds bet, both pass and don't pass are in your favor by a small margin (about 4 percent). Stay away from anything in the center and you'll be fine...:)
The three games I play in a casino are, in order, craps, pai-gow poker and baccarat, all three are low house odds. Baccarat is rare, just when I feel lucky. The other two I can play for hours on a couple of hundred dollars, just soaking up comps having fun.
If you just out to have fun, the big secrets are, one, be polite
BWP
Re:Doesn't matter if they count them or not... (Score:5, Informative)
However, the Nevada courts have ruled that as private clubs, the casinos can refuse business or openly discriminate (employ counter-measures like bet capping, early re-shuffling, etc.) against any player for any reason. Counting will get you kicked out, good counting can even get you banned, but it won't send you to jail.
In New Jersey, on the other hand, courts have ruled that gambling can only take place on games of PURE CHANCE and not SKILL. If the casinos tried to press the fact that a cheater counted cards to gain an advantage in court, they would be admitting blackjack is a game of skill, which is illegal. Thus, casinos are on a slippier slope if they try to kick someone out for counting, because a gambler could take his "skilled play" claim to the courts. That's part of the reason Atlantic city casinos almost exclusively play giant 6-deck shoes with maybe 2/3 penetration (reducing counting advantage to near NILL) and never the two-deck and even one-deck gems you see in the West.
Re:Odds (Score:5, Informative)
see here.... http://fastodds.com/gameodds/baccarat.htm [fastodds.com]
Re:Glazed over facts (Score:4, Informative)
there are 52 cards in a deck.
the machine picks a number at random, say 42.
it grabs card 42 and puts it in a slot
it then slects a number at random (now out of 51)
it takes that card and puts it in the slot.
you tell the machine how many decks its holding - it then selects the random number from the total range its holding....
apparently this is the "most random card shuffler available"
Re:MIT Cost (Score:5, Informative)
Ummm... No, it's not illegal. If a casino spots a card counter, all they can do is ask you to leave. If you refuse, you can be charged with trespassing.
Casinos want people to believe it's illegal and actively encourage such beliefs, but it's not. As long as you don't tamper with the game, you're not cheating. Here are some other non-cheats:
Using any information available to you without action on your part is not cheating. Counting cards, spotting roulette fields, and dealers with bad procedure are all legit player advantages.
A casino may ask you to leave for any reason. You might be winning due to pure luck, and they can still ask you to leave. If they think you're actually cheating (i.e., marking cards; switching dice) they'll have you arrested.
Re:Glazed over facts (Score:3, Informative)
Be careful if you try to go down now to make your fortune, rumor has it that the enforcers are being reintroduced to Vegas since the corporate types are losing money on the casinos.
Counting cards isn't that difficult, the easiest methods simply have you add 1 for cards below a six and subtract 1 for 10s, you have to divide your count by the number of decks in the shoe. Highly favorable situations (lots of 10s and few low cards) favor players who get larger payouts for blackjacks, and unfavorables (lots of low cards) favor dealers who are less likely to bust when they hit on those high hands where they have to hit. Then you increase and decrease your bet to get large returns during the favorable times and reduce them during unfavorables.
Counting all the cards rapidly takes practice, and learning how to change your bets, without attacting attention, to provide adaquate returns is the main skillful part of counting cards.
If you just want to relax, Craps with odds cut the house edge to a fraction of a percent, or Baccarat only involves 1 decision with odds nearly as favorable as strategy blackjack. Its also fun to watch the ceremony involved in a Baccarat game.
Re:Ripping off the Casinos? Nope (Score:4, Informative)
Re:The sad things is... (Score:3, Informative)
Now, is it cheating? Merriam-Webster defines cheat as "to violate rules dishonestly". Are the rules of blackjack being violated? No. Are the casino rules being violated? Yes. So what are they cheating at if they are cheating? They're not cheating at blackjack, the rules of the game don't cover counting. Are they cheating the house? Maybe. Depends on how you look at it.
But it certainly isn't illegal. Nor would I consider it "wrong". Knowing more about how a game works and using that knowledge to your advantage isn't wrong. It may change the odds of the game, and it's outcome, but playing a game without knowing how it works would be considered foolish by many.
Carmack got booted! (Score:4, Informative)
<I>A few of us took a couple days off in vegas this weekend. After about
ten hours at the tables over friday and saturday, I got a tap on the shoulder...
Three men in dark suits introduced themselves and explained that I was welcome
to play any other game in the casino, but I am not allowed to play
blackjack anymore.
Ah well, I guess my blackjack days are over. I was actually down a bit for
the day when they booted me, but I made +$32k over five trips to vegas in the
past two years or so.
I knew I would get kicked out sooner or later, because I don't play "safely".
I sit at the same table for several hours, and I range my bets around 10 to 1.<I>
Sorry can't find the
Re:Odds (Score:2, Informative)
Re:So, this is what geeks look like at MIT :-) (Score:3, Informative)
It's also a felony and federal case ... (Score:2, Informative)