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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 ...
Colin Jones is a 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 ...
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.
Blackjack strategy. Besides his work as an author, Patterson has also conducted clinics in blackjack, and he collaborated with Will Cantey and Herb Maisel to build the first blackjack computer simulation model. This model was used to validate the card counting methods published by Ed Thorp and Julian Braun in Beat The Dealer.
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 touching the ...
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 ...
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 ...
MindPlay. MindPlay was a technology designed to monitor blackjack players' actions while playing in a casino, first released in 2003 and discontinued in 2007. Monitoring a person's play traditionally is done visually, by the dealer, floorperson, pitboss, and the eye in the sky (video surveillance). If one of these observers notices something ...
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