SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ManyMoose who wrote (53739)11/21/2006 8:25:10 PM
From: TimF  Read Replies (1) of 90947
 
Card counting is legal, you can't be prosecuted for it (at least if you do it in your own head with no mechanical aids), but you can be thrown out of casinos, and added to lists of people not allowed in to casinos (at least Vegas casinos, the casinos in Atlantic City just make card counting as difficult as possible, with multiple decks, shuffling etc.)

Casinos don't accept it (or create conditions that make it very hard) because a good card counter can consistently win. Its not just that some people will win a little rather than lose. Its the fact that some people could win millions by consistently having an edge and playing full time.

One thing about card counting. In addition to the casinos not liking it, it you get it just a little wrong, your margin goes negative, and often becomes worse than normal perfect play. You have to be right consistently for it to be worthwhile.

The MIT students card counted as a team. If you work as a team I think even the Atlantic City casinos can kick you out permanently, and attempts have been made to prosecute people.

See
en.wikipedia.org
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext