The blackjack MIT team was a group formed by students from the world’s top universities such as Massachusetts Institute of Technology, Harvard University and Harvard Business School. This group specialized in creating and implementing card counting or card reading techniques. The team then used these techniques to take advantage in the game of blackjack at the casinos throughout the world. MIT team and its successors dominated the gambling scenario from 1979 till the start of 2000.
Even today there are many societies and groups which are following the trend set up by the MIT team. The most important and foremost aim of these groups is to find ways to beat the undue advantage shared by the casinos all over the world.
First Blackjack MIT Team
In the late winter of 1979, J.P. Massar, who at that time was providing the blackjack course, was contacted by a professional gambler to create a group of card counting students. The main objective behind the conception of this team was to take advantage of the new law passed by New Jersey Casino Control Commission which prohibited the casinos under its jurisdiction to ban card counters. Under this new ruling, casinos were allowed only to ban card counters individually.
In the due course of time, a group comprising of four card readers, a professional player and a financier formed the original team. This team then selected Atlantic City as their operating area and started recruiting more students from Massachusetts Institute of Technology to execute their operations. This team worked on the casinos of the Atlantic City for a year and was able to create a fourfold increase in their basic bankroll.
Post 90s Blackjack MIT Team
By the start of 90s, this team became unbeatable with more members included into the original team. The members of this team became regular visitors at Las Vegas casinos. It is also stated that this team was so successful that they mopped more than $400,000 in just one weekend. The team used card counting in order to predict the outcome of the game. The players were trained to read cards and to memorize those cards which have been dealt along with the ones which remained in the shoe. They used their memory to work out how many high cards could be dealt in their favour thus increasing the chances of their win.
The Modus Operandi
This team visited Las Vegas casinos on every weekend. After selecting a particular casino, a card counter was deployed to sit on the blackjack table to count the cards. Once he or she was assured that the high cards are to be dealt by the dealer, a signal was given to the other players of the team to join in the game. The other players acted as high rollers and wagered with big amount of monies. These big bettors kept on wagering till the card counter signalled them to get out of the game.
End of Good Times
The Blackjack MIT team successfully used their techniques to win millions of dollars from the casinos for a period of time. It was a matter of time that the casinos became suspicious of their activities. Investigation agencies also got involved in this case and they started tracking the MIT kids. Soon their modus operandi was out in the open and the members of the team got blacklisted from the casinos.