Mastering Blackjack: The Art of Card Counting

Blackjack is one of the most popular choices for casino gamblers. The MIT blackjack team used card counting to win millions in Las Vegas. The basic strategy in blackjack results in a 0.834% loss rate. Card counting involves assigning values to cards and tracking the running count.

Casinos use countermeasures like increasing the number of decks to make card counting harder. The true count is calculated by dividing the running count by the number of decks remaining. The MIT team used a discrete signalling system to coordinate their card counting efforts.