MIT Blackjack Team

The MIT Blackjack Team was a group of students and former students from the Massachusetts Institute of Technology who used sophisticated card counting techniques to gain an advantage in blackjack at casinos. They formed in the late 1970s and employed a strategic approach that involved teamwork, mathematical skills, and disciplined betting. By tracking the ratio of high to low cards remaining in the deck, they could predict the likelihood of winning hands. Their success led to significant winnings, but also heightened casino scrutiny, resulting in bans and restrictions at various venues. Their story is both a fascinating example of applying math in gambling and a cautionary tale about the risks involved.