Mit Students Who Beat The Casinos With Blackjack
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Aug 19, 2019 Beating the odds in 1977, Kaplan went on a winning spree in Vegas casinos, turning his $1,000 bet to about $35,000. Afterwards, he went back to Harvard and finished his studies. MIT Blackjack Team. A group of young students in the famous Massachusetts Institute of Technology overheard Kaplan discussing his Vegas feats. Intrigued by the. Meet the blackjack player who beat the Trop for $6 million, Borgata for $5 million and Caesars for $4 million. His identity previously had been a mystery, known only to the casinos where he was a pampered high roller. By Johnson's account, he won $4.23 million at Caesars Atlantic City in December. Read the full story of the MIT blackjack card counting team. We cover who they were, how they made millions off casinos & where they are now. Luck is for Losers Business Plans A gambler who loathes risk, Bill Kaplan ran his famed MIT Blackjack Team like a business and left the table with more than $10 million in winnings. May 10, 2016 If there’s one thing everybody knows about gambling it’s that the house always wins. And while it is true that casinos always make a profit, there are a number of ways to cheat the system. How The MIT Students Beat The Casinos At Blackjack By Henry Tamburin Bringing Down The House by Ben Mezrich, a book the describes how a team of MIT students won millions playing blackjack, has sparked a lot of interest from the general public in blackjack and in particular card counting.The book was a NY Times bestseller and it was made into a movie (“21”). Really smart guys are unlikely Las Vegas wise guys. But a group of MIT students defied the odds. They beat the blackjack tables for hundreds of thousands of dollars. They might still be doing it.
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Four former members of the MIT Blackjack Team -- the subject of Ben Mezrich’s 2002 best-selling book Bringing Down the House about MIT students who made millions in the 1990s by counting cards at Las Vegas casinos -- have started two Web sites to cash in on the team’s notoriety.
No longer permitted to play blackjack in Las Vegas themselves, the former students are selling training materials and private tutoring to other gamblers who hope to replicate the MIT team’s success.
One group -- Beat the House LLC, started by David Irvine ’95, Michael Aponte ’92, and John H. Chang ’85 -- received MIT’s wrath, or at least a federal lawsuit, when it set up a Web site using the address mitblackjack.com and applied for registered trademarks on “MIT Blackjack.”
Mit Students Who Beat The Casinos With Blackjack Free
“This is a routine trademark cease and desist action against an infringer who has filed applications for trademark registrations that incorporate our mark,” said Karin K. Rivard, the attorney at MIT’s Technology Licensing Office.
The company has now switched its Web site to blackjackinstitute.com and says it is close to settling the lawsuit. “We’re going to respect MIT’s opinion and make the changes that we need to, to comply with their position,” said Irvine, who says he played for the MIT club as “Mr. J” for five years.
Aponte, his business partner, won the Game Show Network’s World Series of Blackjack earlier this year at the Mohegan Sun casino in Connecticut.
Mit Students Who Beat The Casinos With Blackjack Online
Aponte has gambled as “Mr. Kim” and “MIT Mike,” and is represented by the character “Steve Fisher” in Mezrich’s book, Irvine said.
Blackjackinstitute.com sells a “home training course” for $200, a blackjack seminar for $700, and “private instruction” starting at $3,000 for two days of training. The other Web site, blackjackscience.com, was started by Semyon Dukach SM ’93 and offers weekend seminars at $650 for one day of instruction or $1,100 for two.
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“We have kind of gone away from the playing mode more into the training mode,” Irvine said. “The whole idea of being a card counter is to go under the radar and not become notorious.”