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Card-counting
Card counting is a blackjack strategy used to determine whether the player or the dealer has an advantage on the next hand. Card counters try to overcome the casino house edge by keeping a running count of high and low valued cards dealt. They generally bet more when they have an advantage and less when the dealer has an advantage. They also change playing decisions based on the composition of the deck and sometimes play in teams. Basics Card counting is based on statistical evidence that high cards (aces, 10s, and 9s) benefit the player, while low cards, (2s, 3s, 4s, 5s, 6s, and 7s) benefit the dealer. High cards benefit the player in the following ways: # They increase the player's probability of hitting a Blackjack, which often pays out at 3 to 2 odds (although some casinos pay at 6 to 5). # Doubling down increases expected value. The elevated ratio of tens and aces improves the probability that doubling down will succeed. The most common hand values that the player doubles ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
MIT Blackjack Team
The MIT Blackjack Team was a group of students and ex-students from Massachusetts Institute of Technology, Harvard University, and other leading colleges; they used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide. The team and its successors operated successfully from 1979 through the beginning of the 21st century. Many other blackjack teams around the world have been formed with the goal of beating the casinos. Blackjack and card counting Blackjack can be legally beaten by a skilled player. Beyond the basic strategy of when to hit and when to stand, individual players can use card counting, shuffle tracking, or hole carding to improve their odds. Since the early 1960s, a large number of card counting schemes have been published, and casinos have adjusted the rules of play in an attempt to counter the most popular methods. The idea behind all card counting is that, because a low card is usually bad and a high card usually good, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Casino
A casino is a facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos also host live entertainment, such as stand-up comedy, concerts, and sports. Etymology and usage ''Casino'' is of Italian language, Italian origin; the root means a house. The term ''casino'' may mean a small country villa, Summerhouse (building), summerhouse, or social club. During the 19th century, ''casino'' came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports. Examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian, a is a brothel (also called , literally "closed house"), a mess (confusing situation), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Ken Uston
Ken Uston (January 12, 1935 – September 19, 1987) was an American blackjack player, strategist and author, credited with popularizing the concept of team play at blackjack. During the early to mid-1970s he gained widespread notoriety for perfecting techniques to do team card counting in numerous casinos worldwide, earning millions of dollars from the casinos, with bets as high as $12,000 on a single hand. He was banned from casinos around the world and would adopt various costumes in order to conceal his identity and still be able to play. He filed a high-profile lawsuit against these casinos and successfully received a ruling from the New Jersey courts that absent a valid New Jersey Casino Commission regulation excluding card counters, casinos could not ban someone simply for counting cards at blackjack. In response, many casinos changed their systems, increasing the number of decks in games or changing rules to increase the house edge. In the early 1980s, Uston authored seve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Craps
Craps is a dice game in which players gambling, bet on the outcomes of the roll of a pair of dice. Players can wager money against each other (playing "street craps") or against a bank ("casino craps"). Because it requires little equipment, "street craps" can be played in informal settings. While shooting craps, players may use glossary of craps terms, slang terminology to place bets and actions. History Craps developed in the United States from a simplification of the western European game of Hazard (game), Hazard, also spelled Hazzard or Hasard. The origins of Hazard are obscure and may date to the Crusades; a detailed description of Hazard was provided by Edmond Hoyle in ''Hoyle's Games, Improved'' (1790). At approximately the same time (1788), "Krabs" was documented as a French variation on Hazard. In aristocratic London, crabs was the epithet for the sum combinations of two and three for two rolled dice, which in Hazard are instant-losing numbers for the first dice rol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
21 (2008 Film)
''21'' is a 2008 American heist drama film directed by Robert Luketic and distributed by Sony Pictures Releasing. The film is inspired by the story of the MIT Blackjack Team as told in '' Bringing Down the House'', the best-selling 2003 book by Ben Mezrich. The film stars Jim Sturgess, Kevin Spacey, Laurence Fishburne, Kate Bosworth, Liza Lapira, Jacob Pitts, Aaron Yoo, and Kieu Chinh. ''21'' was a box office success and was the number one film in the United States and Canada during its first and second weekends of release, despite some mixed reviews. Plot Ben Campbell, a mathematics major at the Massachusetts Institute of Technology, is accepted into Harvard Medical School, but cannot afford the $300,000 tuition. He applies for the prestigious Robinson Scholarship, which would cover the entire cost. Despite having a Medical College Admission Test score of 44 (at the time, MCAT scoring was on a scale of 3-45) and high grades, he faces fierce competition, and is told by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Rule Of Thumb
In English language, English, the phrase ''rule of thumb'' refers to an approximate method for doing something, based on practical experience rather than theory. This usage of the phrase can be traced back to the 17th century and has been associated with various Trade (occupation), trades where quantities were measured by comparison to the width or length of a thumb. An erroneous folk etymology began circulating in the 1970s falsely connecting the origins of the phrase "rule of thumb" to legal doctrine on Domestic violence, domestic abuse. The error appeared in a number of law journals, and the United States Commission on Civil Rights published a report on domestic abuse titled "Under the Rule of Thumb" in 1982. Some efforts were made to discourage the phrase, which was seen as taboo owing to this false origin. During the 1990s, several authors correctly identified the spurious folk etymology; however, the connection to domestic violence was still being cited in some legal sources ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Big Six Wheel
The Big Six wheel (also known simply as The Big Six, the Wheel of Fortune, or the Big Wheel) is an unequal gambling, game of chance, played using a large vertical wheel that can be spun. Since 13 May 2002, it can be played legally in licensed casinos in the United Kingdom, under The Gaming Clubs (Bankers' Games), (Amendment) Regulations 2002 (Statutory Instrument 2002/1130). The game is also in casinos in the United States. Rules The wheel is divided into a number of equal segments separated by spokes or pins. Each segment is associated with a number. The wheel is spun by a dealer, and the winning segment is indicated by a pointer mounted on a flexible piece of rubber or leather, which also rubs against the pins to impart friction and slow the wheel down. Should the player stop the wheel, the segment at the top is the winner. Variants There are a number of variants of the game, that divide the wheel into a different number of segments, use different symbols in the segments, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Kelly Criterion
In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected Geometric mean, geometric growth rate. John Larry Kelly Jr., a researcher at Bell Labs, described the criterion in 1956. The practical use of the formula has been demonstrated for gambling, and the same idea was used to explain Diversification (finance), diversification in investment management., page 184f. In the 2000s, Kelly-style analysis became a part of mainstream investment theory and the claim has been made that well-known successful investors including Warren Buffett and William H. Gross, Bill Gross use Kelly methods. Also see intertemporal portfolio choice. It is also the standard replacement of Power of a test, statistical power in anytime-valid statistical tests and confidence intervals, based on E-values, e-values and e-proc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Spanish 21
Spanish 21 is a blackjack variant owned by Masque Publishing Inc., a gaming publishing company based in Colorado. Unlicensed, but equivalent, versions may be called Spanish blackjack. In Australia and Malaysia, an unlicensed version of the game, with no dealer hole card and significant rule differences, is played in casinos under the name " Pontoon". It was first introduced about 1995. Rules Spanish 21 is played on a blackjack table with a custom layout and uses the following rules: * The game is played with six or eight decks dealt from a shoe, or from a continuous shuffling machine (CSM). Spanish 21 is played with 48-card Spanish decks, although standard French suited 52-card decks are used with the 4 ten-spot cards removed. All cards have the same values as in blackjack. * The dealer gets a hole card. * Like traditional blackjack, the dealer hits on 16 and stands on 17. In some venues, the dealer hits on a soft 17 (abbreviated as H17), though most venues have the dealer stand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
New Jersey Supreme Court
The Supreme Court of New Jersey is the supreme court, highest court in the U.S. state of New Jersey. In its current form, the Supreme Court of New Jersey is the final judicial authority on all cases in the state court system, including cases challenging the validity of state laws under the New Jersey State Constitution, state constitution. It has the sole authority to prescribe and amend court rules and regulate the practice of law, and it is the arbiter and overseer of the United States congressional apportionment, decennial legislative redistricting. One of its former members, William J. Brennan Jr., became an associate justice of the Supreme Court of the United States. It has existed in three different forms under the three different state constitutions since the independence of the state in 1776. As currently constituted, the court replaced the prior New Jersey Court of Errors and Appeals, which had been the highest court created under the Constitution of 1844.Jeffrey S. Mand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Atlantic City, New Jersey
Atlantic City, sometimes referred to by its initials A.C., is a Jersey Shore seaside resort city (New Jersey), city in Atlantic County, New Jersey, Atlantic County, in the U.S. state of New Jersey. Atlantic City comprises the second half of the Atlantic City-Hammonton, New Jersey, Hammonton metropolitan statistical area, which encompasses those cities and all of Atlantic County for statistical purposes. Both Atlantic City and Hammonton, as well as the surrounding Atlantic County, are culturally tied to Philadelphia and constitute part of the larger Philadelphia metropolitan area or Delaware Valley, the nation's Metropolitan statistical area, seventh-largest metropolitan area as of 2020. Located in South Jersey on Absecon Island and known for its taxis, casinos, nightlife, Boardwalk (entertainment district), boardwalk, and Atlantic Ocean beaches and coastline, the city is prominently known as the "Las Vegas of the East Coast" and inspired the U.S. version of the board game ''M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
New Jersey
New Jersey is a U.S. state, state located in both the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. Located at the geographic hub of the urban area, heavily urbanized Northeast megalopolis, it is bordered to the northwest, north, and northeast by New York (state), New York State; on its east, southeast, and south by the Atlantic Ocean; on its west by the Delaware River and Pennsylvania; and on its southwest by Delaware Bay and Delaware. At , New Jersey is the List of U.S. states and territories by area, fifth-smallest state in land area. According to a 2024 United States Census Bureau, U.S. Census Bureau estimate, it is the List of U.S. states and territories by population, 11th-most populous state, with over 9.5 million residents, its highest estimated count ever. The state capital is Trenton, New Jersey, Trenton, and the state's most populous city is Newark, New Jersey, Newark. New Jersey is the only U.S. stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
