The MIT BlackJack Story: Whether you read the book, Bringing Down the House (written by Ben Mzrich, or seen the movie “21” produced by and acted in Kevin Spacey and Jim Sturgess you’ve likely heard of the MIT Team. Without ruining the book or movie we will discuss some of the happenings at the MIT and Harvard Universities. It was well known in the mid to late 70’s that MIT had a group.
Massachusetts Institute of Technology definitely had great talented students and the best of them were gathered once by MIT professor organizing a specific card counting club. The main principle was to play card games (e.g. blackjack), examine all peculiarities of the game and make the attempts to outwit the system. Thus, these players worked out their own complex strategy of the game that.
It was in many ways a secret life. The whole thing was completely secret for years and years and years. It was something where you couldn't tell anyone. We were totally paranoid about security and the casinos could throw you out at any time - so.
The hit Hollywood movie “21” was based on Ben Mezrich’s book, Bringing Down the House, which chronicled the resurgence of the MIT blackjack team in the 1990’s.The book follows the real characters and true story in only parts. Much of it is fiction. The movie, well, that’s all Hollywood schlock.
The MIT blackjack team. The story of the MIT blackjack team, who took on the house and won huge amounts of money, is a well-know story, and the students have gone on to become admired and highly sought after in the blackjack world. MIT students are synonymous with being able to understand and implement strategies that the layman would not dare dream of. The sophistication of the technique.
COVER STORY: SCANDAL The MIT Blackjack Ring (December 2) A group of students at MIT were offered an extra-curricular opportunity that would change their lives forever and become pop culture legend.
The MIT Blackjack Team was started in 1980 by a Harvard Business School graduate, Bill Kaplan, who had run a successful Vegas-based team for the prior three years. Kaplan met a few MIT undergrads (including JP Massar), who had been trying to win at the game with little success for months. A few months later, Kaplan launched a new team with a few of these players based on the structure.
Inner Works. As Bill Kaplan — the leader of the MIT Blackjack Team and a 1980 Harvard MBA graduate — explains in his interview to Boston Magazine, “MIT was the only team who really won year over year, because we ran it like a business. Training, extensive training, checkout procedures, two hours of perfect play, leaving the table right (away).