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Edward Oakley Thorp (born August 14, 1932) is an American mathematics professor, author, hedge fund manager, and blackjack researcher. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. Thorp is the author of Beat the Dealer, which mathematically proved ...
Basics. [edit] 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 ...
Shoe (cards) A dealing shoe or dealer's shoe is a gaming device, mainly used in casinos, to hold multiple decks of playing cards. The shoe allows for more games to be played by reducing the time between shuffles and less chance of dealer cheating. [1] In some games, such as blackjack (where card counting is a possibility), using multiple decks ...
If the dealer shows an ace, an "insurance" bet is allowed. Insurance is a side bet that the dealer has a blackjack. The dealer asks for insurance bets before the first player plays. Insurance bets of up to half the player's current bet are placed on the "insurance bar" above the player's cards. If the dealer has a blackjack, insurance pays 2 to 1.
Hole carding. A game of blackjack where the dealer has a single face-down hole card. In card games, hole carding is the obtaining of knowledge of cards that are supposed to be hidden from view. The term is usually applied to blackjack but can apply to other games with hidden hole cards, like three card poker and Caribbean stud poker.
When the dealer shows an ace and the player has a blackjack, the player can opt for even money and get paid immediately at 1:1. This is a version of insurance rather than a different bet. If the dealer has blackjack, the hand is a push, but the player receives twice the value of the insurance, which is the same as the original bet.
Colin Jones is an American blackjack card-counting expert, teacher, and entrepreneur. He was a founder and manager of The Church Team, a successful blackjack card-counting team based in Seattle, Washington, which won approximately 3.2 million dollars from casinos between 2006 and 2011. [1] Jones is featured prominently in the 2011 award-winning ...
Advantage gambling, or advantage play, refers to legal methods used to gain an advantage while gambling, in contrast to cheating. The term usually refers to house-banked casino games, but can also refer to games played against other players, such as poker. Someone who practices advantage gambling is often referred to as an advantage player, or AP.