Great Minds

I just finished a fascinating account of Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions by Ben Mezrich. This is the basis for the movie 21.

A group of MIT students, some undergrads and some graduate students, implement a systematic team-oriented card counting system that increases chances of beating the dealer in blackjack. As cards come out of the "shoe", team members count cards in lower third (roughly) as positive one, cards in the middle third as zero, and cards in the upper third as negative one. The greater the positive count, the greater chance a player has of beating the dealer. A computer simulation in the mid-60s produced results suggesting greater positive shoes give about 7-20% advantage to the player over the dealer, depending on the size of the positive count. As the shoe is dealt a team member keeps a running total and signals teammates to enter the play at their table and also gives verbal signals as to the positive count of the shoe. After long periods of time spent in practices, the team goes to Las Vegas and other casinos and earns tens of thousands each day of their play. Their escapades is the main theme of the book. A secondary theme is their interactions among themselves and with casino "security".

Though I have never played blackjack at a casino, I found the book interesting, informative, and entertaining. A good read. I look forward to seeing the movie.