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MIT Card Counting Students Take Millions

Dear Mark,
What do you know about a group of college students who were featured on NBC Dateline who beat the casinos in Las Vegas out of millions by card counting? Doug F.


First, Doug, a quick point of fact. It was ABC Primetime who did the segment, not NBC Dateline.
Here¹s how it went down. During the 1990s, six MIT students by employing card counting techniques made millions of dollars playing blackjack in Vegas casinos on the weekends.


Your typical card counter can be spotted easily because they tend to make large bets for no apparent reason, but these counters had four individuals spread out making them as a group much harder to detect. They used a back-spotter that would stand and count cards, but not play. A spotter, who would make small bets at the table and relay messages to the Gorilla. The Gorilla would move around from table to table placing huge bets when the spotter and back-spotter indicated that there might be an advantage at a table. And finally, you had the Big Player, who would play large hands and count the cards.

Casinos fastidiously keep track on card counters by employing agencies that seek out, and monitor suspected card counters. They were caught when someone from their own inner circle sold their names to an agency in Las Vegas. After that, anytime they entered a casino; they were shown the door.

It is an interesting story, yes, but hardly new. Ken Uston described the same sophisticated of team collaboration and mathematical mastery two decades earlier in his book, The Big Player: How a Team of Blackjack Players Made a Million Dollars. But, Doug, if you want to read more about this group of counters, check out Ben Mezrich¹s book, Bringing Down the House: The Inside Story of Six MIT Students who Took Vegas for Millions.

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