MIT blackjack team
 

ok, watching discovery and something doesn't add up.

they BRAGGED about 60 people making $4,000,000 over 2 years playing blackjack counting cards.

ok, that's 2 million a year - cool - BUT 60 PEOPLE!!!!

that's $33,000 a year PER PERSON. WHY BOTHER?

maybe it was $4mill each they meant to say? *shrug*

Don't think so.

nope.

certain players made more than others...

Maybe it's like porn. They accept mediocre pay to be able to say "I coun't cards for a living". :1orglaugh

The main players were definitely making way more than that. I will have to dig out the book.

The main players made way more than that after the initial MIT team were forced to split up. What the show didnt show was the amount of paranoia inside the group - at the end when they were all well know and their faces and identities were included in the Griffin book, they refused to recruit new players, an obvious solution to their problem.

Also the amoount the inital group made was skewed thanks to a tremendous loosing streak near the end - they had no time to recover due to the fact they were now banned all over the world.

Many of them were on scholarship so Im sure an extra $10k or whatever was totally worth it to them since they werent doing anything illegal.

If I remember correctly they only played on the weekends. Don't forget the players also had the casinos sucking their dicks.

I thought the ones who played were only given a cut..it was those who "invested" on the back end that made the money.

yeah for a poor student the comps alone would be worth it

beats working at taco bell to buy textbooks

breakdown:

45% management
45% investors
10% players

^^^

saw it the first time it aired as well... good program

Wow. Get banned from every cardroom for a measly 10%. How much did they stake them with?

they are supposed to turn it into a series.

i laughed at that too. I'd take the training and QUIT the second it become profitable and form my own team for 10%. Even if i DIDN'T have money - it's too fucking easy to get it

In the book "Bringing down the house" they didn't have anywhere near 60 people.

Neverthless, its an awesome piece that was done on them. I saw it like 5 years ago, wish I could see it again.

It sure beats working at McDonalds. Oh, and did they include all the free beverages they were able to get at the casino?

I'm in the middle of that book now, "Bringing Down the House"
- is a very easy read, and good book.

I just sent it to my son who's a math genius and living a few blocks away from several casinos :winkwink:

that was a pretty awsome show. i think they made more after the mit team was broken up and a group of them started a new team

I just don't get why it is "ILLEGAL" to count cards...

In my mind it is not cheating, it is not like you'd have Xray glasses, your laptop on even a note pad on the table where you are taking notes... everything is in the head of the player. ..

They just have to shuffle the packs more often or whatever...

If a guy is able to keep tracking of what's happening on the table.. good for him :2 cents:

It's not illegal but once you start winning all the time the casinos ban you. :winkwink:

It is not illegal to count cards...it's just casinos exercising their right to refuse service to whoever they want to.

People here in Nevada have even started suing some of the casinos for false arrest etc because of how security has been handling this issue along with the metro police department and have won.

But once again being that they are a private business they can choose who they want in their casinos.