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.
There are many casinos around the world but only some of them are famous for their hospitality, huge gaming floors, selection of games and entertainment. Once upon a time Las Vegas casinos were adjudged as most attractive destination for the gamblers. With passage of time and new economic scenarios emerging in Asia and other parts of the world there are now many other casinos which are giving out a stiff competition to the casinos on The Strip.
With increasing popularity of the online gambling, people may have started thinking that brick and mortar casinos are going through a rough patch and their end is near. Contrary to this thought more and more people are visiting these casinos and there is a huge surge in foot fall on their premises. This increased attraction for professional gamblers as well as for tourists can be due to the glamour quotient and the gaming atmosphere provided by these casinos. Apart from providing gambling opportunities, these casinos have also stepped up into the hospitality business and provide different types of resorts, clubs, health spas, restaurants, hotels and shopping malls for their customers.
With such a large number of lavish casinos available throughout the world, it can be very tough for a person to decide which casino is the best. In order to help you, some of the most famous casinos around the world are discussed in this article.
This casino is owned by MGM Resorts International and is situated on the Las Vegas Strip. Bellagio is known for its elegance and style. The design of this casino is based upon a small lake town known as Bellagio in Italy. Many of the WPT tournaments were hosted here. The other services and attractions include
- 10800 square meters of gaming space.
- Availability of whole range of slots, table games, a race and a sports book.
- Huge water fountain with light and sound choreographed performance.
- Several restaurants and bars.
- Gallery of fine arts.
- A conservatory
- Botanical gardens
The Venetian Macao, China
This luxury hotel and casino is situated in Macau, China. The architecture of The Venetian is based on “The Venetian Las Vegas”. With a largest single structure of 39 floors, The Venetian is the largest casino of the world. The casino is divided into four themed gaming areas named Golden Fish, Imperial House, Red Dragon and Phoenix. The hotel also offers Paiza Club for VIP guests. The other services and attractions include
- 51000 square meters of gaming space.
- The guests of Paiza Club have exclusive access to Paiza Club Dining & Lounge.
- More than 3400 slot machines.
- More than 800 gambling tables.
- Cotai Arena with seating capacity of 15000.
Casino de Monte-Carlo, Monaco
Casino de Monte-Carlo is one of the oldest running casinos of the world and is in the service of its clients for the last one hundred and fifty years. This hotel cum casino comes with a remarkably beautiful water front. The architecture of the building is quite stunning. The casino provides huge diversity of casino games. The other services and attractions include
- Rich collection of casinos games including card, slots, roulette and other table games.
- Salons privés and supers privés for high rollers.
- Special restaurants such as Le Train Bleu, Le Salon Rose and Les Privés.
- Legendry décor.
- Opéra de Monte-Carlo.