There are plenty of opportunities to make money online. There’s selling off your stuff on ebay, there’s making money as a product affiliate and of course there’s gambling. Of the various method this last one has to be the most risky. After all, from Casino Roulette to betting on the horses, only a select few lucky punters have ever made a consistent profit. The real winners are the end of the day are always the bookies and casinos.
But is that really true? Surely in this modern era someone must have discovered a way to beat them? Well, yes. The father of modern Casino Winner is considered to be American mathematician Edward O. Thorp. So, what did he invent and how did it beat the casinos?
Thorp published the now seminal work Beat The Dealer in 1962. This was the first publication of a BlackJack card counting system. Card counting in BlackJack allows the player to identify when the pack is rich in 10’s and A’s and thus increases the probability of hitting 21. A skilled Card Counter can overturn the house edge (of around 0.5% when the player is using perfect strategy), and gives themselves an edge of between 1% and 2.5%. Over time, a Card Counter can probably earn around $50 an hour counting card.
The real money comes when a team of Card Counters work together. When they do so, they can really jack up the odds in their favour. The team will consist of ‘spotters’, who sit at various tables counting the cards, waiting for a deck rich in 10’s and A’s. When that happens, they signal to another member of the team (The ‘Big Player’) to come and play with maximum bets. In this way, the Big Player can move from table to table, with seemingly random play, and make big wins at each one. Card counting team have walked away with millions from the Casinos.