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Busting Vegas
''Busting Vegas'' (stylized as ''Busting Vega$'') is a 2005 book by Ben Mezrich about a group of MIT card counters and blackjack players commonly known as the MIT Blackjack Team. The subtitle of the original, hardcover edition was ''The MIT Whiz Kid Who Brought the Casinos to Their Knees'', but the subtitle of the subsequent paperback editions was ''A True Story of Monumental Excess, Sex, Love, Violence, and Beating the Odds''. While represented as non-fiction by Mezrich, the book contains significant fictional elements. The book is a sequel to '' Bringing Down the House''; however, the team discussed in ''Busting Vegas'' were primarily active prior to the team discussed in ''Bringing Down the House''. Synopsis The book's protagonist, Semyon Dukach, is recruited by team leader Victor Cassius while attending MIT to play on a highly specialized blackjack team. They employ advanced advantage play strategies like card steering and Ace sequencing. The team deals with the crises of s ...
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Ben Mezrich
Ben Mezrich ( ; born February 7, 1969) is an American author. Early life and education Mezrich was born in Boston, Massachusetts, the son of Molli Newman, a lawyer, and Reuben Mezrich, a chairman of radiology at the University of Maryland School of Medicine. He has two brothers, including Josh Mezrich. He was raised in a Conservative Jewish household, and attended Princeton Day School, in Princeton, New Jersey. He graduated magna cum laude with a degree in Social Studies from Harvard University in 1991. Personal life Mezrich has been married to Tonya M. Chen since 2006. Some of his books have been written under the pen-name Holden Scott. Mezrich is known for his non-fiction books. He lives in Boston. Written work Mezrich is best known for his first non-fiction work, '' Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions''. This book tells the story of a group of students from MIT who bet on blackjack games using a sophisticated card cou ...
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William Morrow And Company
William Morrow and Company is an American publishing company founded by William Morrow in 1926. The company was acquired by Scott Foresman in 1967, sold to Hearst Corporation in 1981, and sold to News Corporation News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in Ne ... (now News Corp) in 1999. The company is now an imprint of HarperCollins. William Morrow has published many fiction and non-fiction authors, including Ray Bradbury, Michael Chabon, Beverly Cleary, Neil Gaiman, Erle Stanley Gardner, B. H. Liddell Hart, Elmore Leonard, Steven D. Levitt, Steven Pinker, Judith Rossner, and Neal Stephenson. Francis Thayer Hobson was president and later chairman of the board of William Morrow and Company. Morrow authors * Christopher Andersen * Harriet Brown * Karin Slaughter * Harry Browne ...
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Bringing Down The House (book)
''Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions'' is a 2003 book by Ben Mezrich about a group of MIT card counters commonly known as the MIT Blackjack Team. Though the book is classified as non-fiction, the ''Boston Globe'' alleges that the book contains significant fictional elements, that many of the key events propelling the drama did not occur in real life, and that others were exaggerated greatly. The book was adapted into the movies '' 21'' and ''The Last Casino''. Synopsis The book's main character is Kevin Lewis, an MIT graduate who was invited to join the MIT Blackjack Team in 1993. Lewis was recruited by two of the team's top players, Jason Fisher and Andre Martinez. The team was financed by a colorful character named Micky Rosa, who had organized at least one other team to play the Vegas strip. This new team was the most profitable yet. Personality conflicts and card counting deterrent efforts at the casinos eventually ended ...
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Massachusetts Institute Of Technology
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the most prestigious and highly ranked academic institutions in the world. Founded in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. MIT is one of three private land grant universities in the United States, the others being Cornell University and Tuskegee University. The institute has an urban campus that extends more than a mile (1.6 km) alongside the Charles River, and encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, as well as affiliated laboratories such as the Broad and Whitehead Institutes. , 98 ...
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Card Counters
Card counting is a blackjack strategy used to determine whether the player or the dealer has an advantage on the next hand. Card counters are advantage players who try to overcome the casino house edge by keeping a running count of high and low valued cards dealt. They generally bet more when they have an advantage and less when the dealer has an advantage. They also change playing decisions based on the composition of the deck. Basics Card counting is based on statistical evidence that high cards (aces, 10s, and 9s) benefit the player, while low cards, (2s, 3s, 4s, 5s, 6s, and 7s) benefit the dealer. High cards benefit the player in the following ways: # They increase the player's probability of hitting a natural, which often pays out at 3 to 2 odds. # Doubling down increases expected value. The elevated ratio of tens and aces improves the probability that doubling down will succeed.Thorp (1966), pp. 24–27, pp. 41–47, pp. 98–99, pp. 102–103, p. 110, p. 115. # They pro ...
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Blackjack
Blackjack (formerly Black Jack and Vingt-Un) is a casino banking game. The most widely played casino banking game in the world, it uses decks of 52 cards and descends from a global family of casino banking games known as Twenty-One. This family of card games also includes the British game of Pontoon, the European game, Vingt-et-Un and the Russian game Ochko. Blackjack players do not compete against each other. The game is a comparing card game where each player competes against the dealer. History Blackjack's immediate precursor was the English version of '' twenty-one'' called ''Vingt-Un'', a game of unknown (but likely Spanish) provenance. The first written reference is found in a book by the Spanish author Miguel de Cervantes. Cervantes was a gambler, and the protagonists of his " Rinconete y Cortadillo", from ''Novelas Ejemplares'', are card cheats in Seville. They are proficient at cheating at ''veintiuna'' (Spanish for "twenty-one") and state that the object of the gam ...
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MIT Blackjack Team
The MIT Blackjack Team was a group of students and ex-students from the Massachusetts Institute of Technology, Harvard University, and other leading colleges who used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide. The team and its successors operated successfully from 1979 through the beginning of the 21st century. Many other blackjack teams have been formed around the world with the goal of beating the casinos. Blackjack and card counting Blackjack can be legally beaten by a skilled player. Beyond the basic strategy of when to hit and when to stand, individual players can use card counting, shuffle tracking, or hole carding to improve their odds. Since the early 1960s, a large number of card counting schemes have been published, and casinos have adjusted the rules of play in an attempt to counter the most popular methods. The idea behind all card counting is that, because a low card is usually bad and a high card usually good, a ...
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Semyon Dukach
Semyon Dukach (born 25 October 1968) is a Russian-American entrepreneur and former professional blackjack player. He is the founding partner of One Way Ventures, a venture capital fund that backs immigrant entrepreneurs. He was the managing director of Techstars in Boston. He was also the chairman of SMTP (company), and a former professional blackjack player with the MIT Blackjack Team. He played with Strategic Investments and later was one of the founding members and team leaders on Amphibian Investments whose exploits were chronicled in Ben Mezrich's ''Busting Vegas'' and referred to in Mezrich's '' Bringing Down the House''. Dukach was the main character in ''Busting Vegas'' and the only member of the MIT blackjack team to be referred to by his real name in either book. Early life Born on 25 October 1968 in Moscow, Dukach moved to the US in 1979 at the age of 11. He completed a BS in Computer Science at Columbia University in 1990 and a MS in Computer Science at MIT in 19 ...
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Advantage Play
Advantage gambling, or advantage play, refers to legal methods used to gain an advantage while gambling, in contrast to cheating. The term usually refers to house-banked casino games, but can also refer to games played against other players, such as poker. Someone who practises advantage gambling is often referred to as an advantage player, or AP. Unlike cheating, which is by definition illegal, advantage play exploits innate characteristics of a particular game to give the player an advantage relative to the house or other players. While not illegal, advantage play is often discouraged and some advantage players may be banned by certain casinos. A skillful or knowledgeable player can gain an advantage at a number of games. Card games have been beaten by card sharps for centuries. Some slot machines and lotteries with progressive jackpots can eventually have such a high jackpot that they offer a positive return or overlay when played long term, according to gambling mathematics. ...
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Monte Carlo
Monte Carlo (; ; french: Monte-Carlo , or colloquially ''Monte-Carl'' ; lij, Munte Carlu ; ) is officially an administrative area of the Principality of Monaco, specifically the ward of Monte Carlo/Spélugues, where the Monte Carlo Casino is located. Informally, the name also refers to a larger district, the Monte Carlo Quarter (corresponding to the former municipality of Monte Carlo), which besides Monte Carlo/Spélugues also includes the wards of La Rousse/Saint Roman, Larvotto/Bas Moulins and Saint Michel. The permanent population of the ward of Monte Carlo is about 3,500, while that of the quarter is about 15,000. Monaco has four traditional quarters. From west to east they are: Fontvieille (the newest), Monaco-Ville (the oldest), La Condamine, and Monte Carlo. Monte Carlo is situated on a prominent escarpment at the base of the Maritime Alps along the French Riviera. Near the quarter's western end is the "world-famous Place du Casino, the gambling center ... that has ...
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History (U
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ...
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Atlantic City
Atlantic City, often known by its initials A.C., is a coastal resort city in Atlantic County, New Jersey, United States. The city is known for its casinos, Boardwalk (entertainment district), boardwalk, and beaches. In 2020 United States census, 2020, the city had a population of 38,497. 0 °C), at least four months with an average mean temperature ≥ 50 °F (≥ 10 °C), at least one month with an average mean temperature ≥ 72 °F (≥ 22 °C) and no significant precipitation difference between seasons. During the summer months in Atlantic City, a cooling afternoon sea breeze is present on most days, but episodes of extreme heat and humidity can occur with heat index values ≥ 95 °F (≥ 35 °C). During the winter months, episodes of extreme cold and wind can occur with wind chill values < 0 °F (< −18 °C). The plant hardiness zone at Atlantic City Beach is 8a with an average annual extreme minimum air temperature of 11  ...
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