this post was submitted on 07 Jan 2024
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submitted 8 months ago by [email protected] to c/[email protected]
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[–] [email protected] 4 points 8 months ago (1 children)

This group was pretty successful at it.

[–] [email protected] 15 points 8 months ago (2 children)

I mean. Temporarily.

While the profits rolled in, so did the "heat" from the casinos, and many MIT Team members were identified and barred. These members were replaced by fresh players from MIT, Harvard, and other colleges and companies, and play continued. Eventually, investigators hired by casinos realized that many of those they had banned had addresses in or near Cambridge, and the connection to MIT and a formalized team became clear. The detectives obtained copies of recent MIT yearbooks and added photographs from it to their image database

[–] [email protected] 15 points 8 months ago (1 children)

I'd argue that getting away with it for 20yrs means they were still pretty successful.

[–] [email protected] 4 points 8 months ago (1 children)

past two months

In the OP implies this wasn't twenty years ago.

[–] [email protected] 3 points 8 months ago (1 children)

So? I was replying to a comment that said it wasn't a good way to make money. I gave an example of a group using it to make money for 20yrs. I'd argue that that proves it can be a good way to make money.

[–] [email protected] 3 points 8 months ago (1 children)

Oh, I meant it's not a good way to make money now. I wasn't speaking for 1990.

[–] [email protected] 1 points 8 months ago

It 100% is still a good way to make money. It's harder than it was, but I guarantee there's card counters out there clearing heaps of cash each year. I know someone who makes good money doing it here in Australia (he used to be a top ranked poker player but picked up blackjack cos the money is easier. Ie, he doesn't have to sit at the table as long to make his wad). And I just googled, and there is a shitload of people still saying it's viable, many of them well known in the field. It's not even hard to do right either, those big bet swings you talked about? Yeah, you do them your first week of learning to count before you wise up...

[–] [email protected] 2 points 8 months ago* (last edited 8 months ago) (1 children)

Detectives

Lol if there’s one thing the police are needed for it’s protecting capital

Edit: looks like they were private dicks, carry on

[–] [email protected] 2 points 8 months ago

Can't be the police, card counting isn't actually illegal, they literally have no jurisdiction unless you refuse to leave the premises etc.