Privacy settings

We use a number of cookies on our website. Some are essential, while others help us improve our portal for you.

Privacy settings

Here is an overview of all the cookies we use. You can choose to accept whole categories or view more information and select only certain cookies.

Essential (6)

Essential cookies enable basic functions and are necessary for the website to function properly.

Statistics (3)

Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.
If the statistics cookies are subsequently deselected, they will remain on the computer until the expiry date. However, they are neither updated nor evaluated.

Black Jack in general: The legend of the MIT - team

Topic created on 10th May. 2017 | Page: 1 of 1 | Answers: 0 | Views: 1,691
Anonym

The legend of the MIT - team

10th May. 2017, at 08:48 am CEST#1
0 Likes

Nobody has liked this post so far
Anyone who has ever played Blackjack, wants to play it, or is interested in it, should have heard something about the legendary MIT team.In case this is not the case here is a brief introduction :


MIT stands for Massachusetts Institute of Technology - a university in the heart of the United States. Here some students met in the middle to end of the 70's to play initially only a little cards, among other things evenly also Black Jack. With this play it concerned a play with the casino a relatively small house advantage holds.One came fast on the idea card counting techniques to try out and train.From the loose meeting a club was created fast the regularly together.From the club arose later even own course at the university.One began now purposefully members for this club to select, because long not everyone was taken up.Here several tests had to be gone through. J.P. Massar, the founder of the team, later established contact with Bill Caplan, who had already supported other blackjack teams before the MIT team was formed. Under Kaplan's direction, private investors were actually found to finance MIT.It was not until the beginning of 1980 that the MIT team began operations.they played the HIGH/LOW card counting technique in small,constantly changing groups in order not to get caught.the team initially consisted of just under 10 players and the starting capital was just under 100,000 US dollars.within the first few weeks,the starting capital was doubled.Investors could thus expect 200% - 250% returns within a very short time.The players themselves earned about 80 - 120 US dollars an hour.Until the mid-80s, the team grew to up to 80 players at times and one could achieve insane profits.But the casino operators also took countermeasures and issued mass house bans.Cutting cards and other measures were introduced to stop the card counting.Until the end of the 80s played after MIT team further, later under the name Strategic Investments.Finally, the members but gradually lost interest and also the notoriety had become too high.In 1993, the dissolution was announced.
The MIT team was the most successful (known to us) Black Jack team.The final winnings were never exactly known.Everyone who plays Black Jack dreams of the name "MIT".Hollywood of course also took up the story and staged several movies.The most famous is probably "21" from 2008.Today, any counting technique has hardly a chance - online certainly not.But who knows - maybe someone has again a brilliant idea....


This post has been translated automatically

Hot Topics28th Nov. 2024 at 06:42 am CET

Offline Casinos
0
Watch-out
0
Sports betting
0

GambleJoe Team

Profile picture of JulianJulian
Community-Manager / Complaint SpecialistProfile picture of CounterCounter
Software developerProfile picture of MatthiasMatthias
Project manager
Profile picture of DanielDaniel
Founder

Community Forum-Moderators

Members who assist the GJ team in moderating the forum.
Profile picture of AndreAndre
Profile picture of gamble1gamble1
Profile picture of Langhans_innenLanghans_innen
Profile picture of SaphiraSaphira
GambleJoe is aimed exclusively at user whose allowed to play legally with his current location in online casinos and does not violate the current law.
It is the responsibility of the user to inform himself about the current legal situation. Gambling is prohibited for children and adolescents under the age of 18.
GambleJoe is a registered trademark with the EUIPO of GJ International Ltd.
© 2012-2024 GambleJoe.com
✕

Forgotten your password?

Create a new password here

  • 1. Fill in the 3 fields carefully and click on the green button
  • 2. Check your email inbox for a message from GambleJoe
  • 3. Click on the confirmation link in the email and your new password will be active immediately