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Card counters talk to casino execs at Global Gaming Expo28 November 2007LAS VEGAS, Nevada -- As reported by Channel 8 Eyewitness news: "The most infamous card counters in Las Vegas history found themselves face-to-face with casino executives ...last week "...Two members of the MIT blackjack team which used a card counting scheme spoke at the Global Gaming Expo. "...Over a seven year period, the team says they took $10 million from casinos in Las Vegas and across the nation. "...The simple explanation of it (the system) is the more high cards left in the deck, the better the odds for the players. The team would bet big. When more lower cards remained in the deck, the odds moved in the casinos' favor. Then the team would stop betting. "...It took about three years for the casinos to catch on. Then another four years to identify the players and stop the card counting scheme..." |