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  2. Edward O. Thorp - Wikipedia

    en.wikipedia.org/wiki/Edward_O._Thorp

    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 ...

  3. Card counting - Wikipedia

    en.wikipedia.org/wiki/Card_counting

    Card counter. Card counters are advantage players who 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.

  4. Glossary of blackjack terms - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_blackjack_terms

    When the dealer shows an ace, the player can choose to place a side bet of up to half the value of the original bet. If the dealer has blackjack, the bet pays 2:1. If the dealer does not have blackjack, the player loses the wager. N natural A two card total of 21. A blackjack. P penetration

  5. Blackjack - Wikipedia

    en.wikipedia.org/wiki/Blackjack

    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.

  6. Shoe (cards) - Wikipedia

    en.wikipedia.org/wiki/Shoe_(cards)

    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 ...

  7. Hole carding - Wikipedia

    en.wikipedia.org/wiki/Hole_carding

    Hole carding. 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. So long as it does not involve the use of a device like a mirror, actions like ...

  8. Breaking Vegas - Wikipedia

    en.wikipedia.org/wiki/Breaking_Vegas

    The episode "Professor Blackjack" is about MIT professor Edward O. Thorp's (portrayed by Jonathan Dickson) computer-based research on the Kelly criterion that was applied in real Vegas casinos in the form of computer aided card-counting schemes with very successful results. Manny Kimmell (portrayed by Peter Salzer), a known mob associate ...

  9. MIT Blackjack Team - Wikipedia

    en.wikipedia.org/wiki/MIT_Blackjack_Team

    The MIT Blackjack Team was a group of students and ex-students. The students were 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 ...

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