CASINO FRAUDSTERS EVER MORE INVENTIVE AND HIGH TECH
July 1st, 2008
BY LUCY JONES
IN his book 'Bringing Down the House," Ben Mezrich describes how a group of MIT students took Las Vegas for millions in the 1990s, by using a card counting technique.
Targeting blackjack - the only casino game where the bettor sees the cards already played - so therefore can guess at which remain, the team adopted the hi-lo system which over time indicates how advantageous a game is to a player.
Team members, known as "spotters," counted the cards, discreetly indicating when the game had become statistically advantageous to the ...
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