June 5, 2016, by Graham Kendall
How to beat the casino – legally
“If there’s one thing everybody knows about gambling it’s that the house always wins. And while it is true that casinos always make a profit, there are a number of ways to cheat the system – some of which are actually perfectly legal.
Half a century ago, mathematician Edward Thorp published a groundbreaking book outlining how a player could use “card counting” to get an advantage in the game Blackjack by keeping track of the cards left in a deck. Ever since, casinos have been trying to eradicate card counting while card counters are getting increasingly skilled at not getting caught. So is it possible to outplay casinos today? And what will it be like in the future?”
… so starts a recently published article in TheConversation that discusses how card counting can be used to reverse the casino’s house edge.
Other Conversation articles that we have featured on this blog can be seen here.