💰 How a team of students beat the casinos - BBC News

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The team set up a company, Strategic Investments, in with investment of $1​million. By now they were using a strategy with a three-person.


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He had played with the team Strategic Investments, which had been set up by John Chang, Bill Kaplan and Massar in Semyon later became the leader of​.


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Once Strategic Investments ended, he still continued to play blackjack. He then formed his own team in with a few players which was named Amphibians.


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He had played with the team Strategic Investments, which had been set up by John Chang, Bill Kaplan and Massar in Semyon later became the leader of​.


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Semyon Dukach (born 25 October ) is the Founding Partner of One Way Ventures, While attending MIT, Dukach was trained as a player on the MIT Blackjack team whose exploits were loosely depicted in the Hollywood Starting out with Strategic Investments (SI) in , Dukach was a major player on the team.


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MIT Blackjack team ever. Strategic Investments LP disbanded on December 31, as the result of banned players, long losing streaks, and a lack of time due to.


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The movie shows the characters talking on cell phones and playing blackjack at the Red Rock and Planet Hollywood casinos, which didn't open until and , respectively. Shortly after SI was terminated, one of its former players, Semyon Dukach, created his own team, which employed 60 players in 5 cities. When we arrived, we saw they had a few blackjack tables set up. One of the players we trained in late and was John Chang. The movie falsely makes the team out to be an MIT only club. Despite various voices on the internet coming out against the movie's mostly white, non-Asian cast some Facebook users have even called for a boycott of the film , the real MIT Blackjack Team's former members were not offended. Semyon's team operated under the guise Amphibian Investments. Massar, and John Chang, the fact is there is little, if anything, that resembles either of us except that he started and ran the team and was focused on running the team as a business," says Bill Kaplan. Mike says that security usually didn't realize the number of chips that were actually there BlackJackInfo. Ben Mezrich's book Bringing Down the House describes much more elaborate techniques that the players used to smuggle money. Our time was too valuable, and our focus too intense to bother. The Spotter conveys the count to the Big Player by casually using the code word in a sentence. His parents and his sister were his guests at the 21 movie premiere at Planet Hollywood in Las Vegas. In addition to presenting a variety of strategies for success at blackjack, it also includes Thorp's "Basic Strategy" chart. These players are usually allowed on the casino floor, but are forbidden to go near the blackjack tables. As I see it, that entire scene is a plot device to end the movie - create a conflict between Campbell and Rosa that leads up to the switcheroo finale. The 21 movie's true story reveals that the real MIT Blackjack Team was investigated by Griffin Investigations , a security agency that had been used by casinos worldwide. Mike Aponte, who the Fisher character is based on, addressed this question by saying, "There are some parts in the book where I just scratch my head because obviously Ben Mezrich, the author, took artistic liberties. He wants to sell books. Ben Mezrich began his literary career writing techno-thriller fiction. Mike Aponte, the real life Fisher, stated that "in contrast to what the book said, there was only one time that we, as a team, went to a strip joint. I think what it does do well though is it captures the excitement of what we pulled off during our playing days. The methods include using fake umbrellas, laptop computers, plaster casts and hollow crutches. Strategic Investments LP disbanded on December 31, as the result of banned players, long losing streaks, and a lack of time due to more profitable business opportunities in the real estate market Bill Kaplan. Jeff knew them and had been friends with both of them. Their faces landed in the Griffin Book, a dossier of photos distributed to casinos around the world Breaking Vegas. Students Who Took Vegas for Millions , on which the movie 21 is based, has faced scrutiny for its embellishment and massaging of the facts that make up the MIT Blackjack Team's true story. However, after this point, the odds are in your favor. In fact, let's make him swallow a chip. In , she got remarried to Rich Davey. Mezrich's book has faced scrutiny. The movie 21 and Ben Mezrich's book, Bringing Down the House , were both based on a smaller team that was an offshoot of Amphibian Investments. But Ma said that he never described such techniques to Mezrich, or knew of anyone using them. Learn how to use the chart to make decisions when playing blackjack. The 21 true story reveals that the real MIT Blackjack Team was led by three individuals, none of whom were professors. Former team leader John Chang said that the movie's scholarship interview is a plot device that "never happened" in real life. Thorp's book was the team's blackjack Bible. The author even quotes the book's main character, Kevin Lewis, whose real life counterpart is Jeff Ma. Massar were also very much the basis for 21 's Micky Rosa. The movie shows Ben using flash cards to practice the various code words, which were used to represent the count. This is because cash was easily recognized by security through the x-ray machine. Fishburne's character was not specifically based on any single real life individual. Put yourself in [book writer] Mezrich's place. M" in the documentary required that players be able to play through 10 shoes, while only making a limited number of counting mistakes. The money came from past players and the team leaders, including Bill Kaplan, who says that he also received investment capital from his former college roommate, a number of his Havard Business School sectionmates, and other friends and family. Jeff Ma said that the first time that he had heard of such cloak-and-dagger tactics was when he read Mezrich's book. Martinez, [Jeff Ma] and I had a friend who was king of the Asian nightclub scene. In the movie, Cole Williams Laurence Fishburne is a casino security expert who investigates the team. Mezrich attempted to defend such accusations by saying, "Every word on the page isn't supposed to be fact-checkable. M" in the History Channel documentary Breaking Vegas was an MIT alum who had helped Kaplan manage the original team in the early s, shortly after the first casinos opened in Atlantic City. Mike Aponte, the basis for the Fisher character, says that they did carry most of the money on their persons when going through airport security. Massar "Mr. John Chang, part of the inspiration for Kevin Spacey's character, said, "You might wonder, are the books true? One of the reasons I ended up not going to Harvard Medical School is because of blackjack and all the money I could make there. So, let's beat up one of the players. In an interview with Quint from Ain't It Cool News , Jeff Ma, the real life individual on whom the movie's main character is based, said the following, "I realized it's not really a movie about me. It was started by Bill Kaplan part of the inspiration for Kevin Spacey's character , who founded the team on the same business principles and practices that he had employed in starting and running a Vegas based team for the previous three years. In real life, the team leaders J. John Chang says players did not party in the middle of a trip. John Chang and J. It's not like an autobiographical documentary about my life. Typically, we were all business in Vegas, but after that record win we had to go out on the town and celebrate.{/INSERTKEYS}{/PARAGRAPH} You'd be considered such a losing sucker if you did any of that. Their real life counterparts, Jeff Ma and Jane Willis, were never a couple. Andy Anderson, a tall silver-haired man who worked for Griffin, followed the team for four to five years and played a major role in exposing their strategy Breaking Vegas. In the movie, we're expected to believe that Micky Rosa Kevin Spacey provided the startup money for the team. As a result, several of the MIT team members were black-booked by Griffin. Former MIT team leader John Chang responded to this scene in his blog by saying, "Starting from the part where Ben loses control at the Red Rock and loses K, the movie takes off on a tangent that has no resemblance to reality. It's a cool movie about stuff that we did and a lot of the stuff that we did is very on point and true in the movie, but the storyline has changed quite a bit. The real Jeff Ma Ben from the movie says that his father is very much alive and well, unlike the character's father in the movie. John Chang, one of Micky Rosa's real life counterparts, said that, to clarify the MIT Blackjack Team's true story, the players did not "drink, visit brothels or strip clubs, or play slots in the middle of trips. In reality, there were members from other schools, including Harvard and Princeton. In fact, Jane and her boyfriend, who were both "math geeks," were recruited by Jeff Ma in the early s. Our players were far too disciplined to even think of doing something like that. Jane Willis and her boyfriend later married and divorced. Who in their right mind would do that? Arguably, the most notable is Bill Kaplan, a Harvard Business school graduate who had also done his undergraduate studies at Harvard. John Chang graduated from MIT in with a degree in electrical engineering. If they had a lot of chips, they stored them in carry-on bags. Similarly, in Ben Mezrich's book Breaking Vegas , we find the Fisher character beaten bloody in the bathroom of a Bahamian casino. Masser "Mr. It is okay to bet semi-recklessly. You know that Campbell never gets to keep what he made — otherwise, why would he be applying? In the movie, Ben's weekends as a high roller nearly cause him to lose his two closest friends, who no longer want him to participate with them in a robotics competition. Mike Aponte, the real life Fisher, says that he was never beaten up in a casino anywhere The Boston Globe. Jeff Ma, the real life Ben Campbell, came from a well-to-do family. In the book, Micky is the one who comes up with the idea. No, at least not like we see in the movie, where characters use such vices to celebrate a big night. The 21 true story reveals that the real MIT Blackjack Team, on which the movie was based, played in the early s. {PARAGRAPH}{INSERTKEYS}In the movie 21 , an unorthodox math professor named Micky Rosa Kevin Spacey leads the team. On Chinese New Year, he invited us to a private party in Chinatown. It wasn't much, but they were playing for real money. The book's "Basic Strategy" chart reveals a set of mathematically correct decisions to employ when playing blackjack view the "Basic Strategy" chart. Creating a company allowed the team to recruit its players and raise venture capital as a legal entity. Their wedding was held in a Catholic church located behind the Tropicana and across from the Mandalay Bay casinos in Las Vegas. An influential member of the original team, Chang would later re-team with Bill Kaplan as a co-manager in the early s. If he makes up a few lurid details, well, who's going to object? The company is further explored in the History Channel documentary Breaking Vegas , which also examines the rigorous "checkouts" that the players had to endure. In reality, it never happened at all.