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Early_To_Risa@sh.itjust.works

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Anon plays poker (sh.itjust.works)

submitted 10 months ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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[–] Serinus@lemmy.world 105 points 10 months ago (24 children)

Fake. Counting cards (in blackjack) isn't a good way to make money. It involves large changes in your bet size that make it extremely obvious. If you're bad at it, places will let you do it while you lose money. If you're actually good at it (he's not), they'll kick you out. It's an obvious thing that places don't put up with if you're winning.

[–] StorminNorman@lemmy.world 4 points 10 months ago (8 children)

This group was pretty successful at it.

[–] Bassman1805@lemmy.world 15 points 10 months ago (7 children)

I mean. Temporarily.

While the profits rolled in, so did the "heat" from the casinos, and many MIT Team members were identified and barred. These members were replaced by fresh players from MIT, Harvard, and other colleges and companies, and play continued. Eventually, investigators hired by casinos realized that many of those they had banned had addresses in or near Cambridge, and the connection to MIT and a formalized team became clear. The detectives obtained copies of recent MIT yearbooks and added photographs from it to their image database

[–] StorminNorman@lemmy.world 15 points 10 months ago (1 children)

I'd argue that getting away with it for 20yrs means they were still pretty successful.

[–] Serinus@lemmy.world 4 points 10 months ago (1 children)

past two months

In the OP implies this wasn't twenty years ago.

[–] StorminNorman@lemmy.world 3 points 10 months ago (1 children)

So? I was replying to a comment that said it wasn't a good way to make money. I gave an example of a group using it to make money for 20yrs. I'd argue that that proves it can be a good way to make money.

[–] Serinus@lemmy.world 3 points 10 months ago (1 children)

Oh, I meant it's not a good way to make money now. I wasn't speaking for 1990.

[–] StorminNorman@lemmy.world 1 points 10 months ago

It 100% is still a good way to make money. It's harder than it was, but I guarantee there's card counters out there clearing heaps of cash each year. I know someone who makes good money doing it here in Australia (he used to be a top ranked poker player but picked up blackjack cos the money is easier. Ie, he doesn't have to sit at the table as long to make his wad). And I just googled, and there is a shitload of people still saying it's viable, many of them well known in the field. It's not even hard to do right either, those big bet swings you talked about? Yeah, you do them your first week of learning to count before you wise up...

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