Ed Thorp did it - can we?

[Cointxz]

My interest on blackjack started from Ed Thorp book for blackjack and after I watch the movie about student beating casino through blackjack. I study card counting and basic matrix table to play blackjack properly.

But this strategy is almost impossible to live blackjack or any online blackjack available while physical casino already counter this strategy too.

I think Arbitrage betting is my only known strategy that can actually beat a casino if done unnoticed by casino operators.

[OsaiEmma]

And everything that gamblers invented in the past to take advantage of the casinos, they have been caught and it didn't look for them. And most likely this is only applicable to land base casinos. Now, gamblers are moving to online to it's hard to execute it.

Yes....I guess this is also something to consider, the fact that most gambling is now done online will really be a roadblock to this but that doesn't necessarily mean it can't be done. I don't believe in impossibility. It's just that, we haven't really invested our time and resources, to replicate the exact same thing they did.

If the use tools like the internet now, u take advantage of that and find a way. There is always a way I believe so.

[Oluwa-btc]

I won’t recount his entire biography, but since it’s VERY INTERESTING, I recommend reading up on him.
Let’s focus on these two points—identifying patterns and regularities in what would seem to be random systems. What do you think? Have you ever had experience identifying such patterns or dependencies? Yes, we’re not talking about physical casinos from Thorpe’s era; we’re talking about virtual systems that operate according to a specific logic.

Exactly how Interesting and educational this is and if we place our minds on it we'll definitely  get through the systems. We learn by experience mostly people's experience and seeing how Ed thorp made unknown patterns visible is not just mere discoveries it's understanding, knowledge  super intelligence in higher hierarchy and I believe anyone can if they set up their mind for it. Mostly such happens when you believe in yourself.

[Darker45]

My interest on blackjack started from Ed Thorp book for blackjack and after I watch the movie about student beating casino through blackjack. I study card counting and basic matrix table to play blackjack properly.

But this strategy is almost impossible to live blackjack or any online blackjack available while physical casino already counter this strategy too.

I think Arbitrage betting is my only known strategy that can actually beat a casino if done unnoticed by casino operators.

For one, not everybody can be an Ed Thorp. He's a math prodigy. He's an MIT graduate student. I'm afraid you can't just self-study to become one. I've read the book Bringing Down the House by Ben Mezrich. It was also about card counters beating the casino. But, again, they're composed of math savants from MIT. They're exceptionally gifted people, not ordinary mortals.

But their strategy simply won't work in an online casino. Good luck counting 8 decks of cards reshuffled every once in a while. But even if you can, unlike brick-and-mortar casinos, monitoring in online casinos are highly automated. Anybody constantly winning against the house is easy to detect. Your funds could be locked, account disabled, functions frozen anytime.

How about value betting?

[Die_empty]

I don't know and not trying identifying patterns. But if Ed did it, maybe he know how doing that and finally find the way. I am difficult to remembering the pattern and not rely on that because that can wasting time for me.

I can't enjoy my gambling activities as I will study the pattern and finds it until I can get the right pattern. But I don't know if that can be apply into online casino.

But if some people want to study to finds the pattern, that is okay since they want to beat the casino which they think it is possible. Maybe that is possible but we don't know.

Ed Thorp and others who discovered these betting patterns were well-grounded in mathematics. This made the task of discovering these patterns interesting to them. I read some of the processes of coming up with these betting patterns and I find it difficult to understand them. With my common sense or experience, I have tried to identify recurring patterns in some games but they don't work out correctly.

These days cheaters use sophisticated technology to discover and implement means to rig games. The news of how some well-known sports personalities in connection with some mafia families in the US engage in fraudulent gambling practices. It included sophisticated cheating technology, such as altered card shuffling machines and an "X-ray" device that could read cards placed face down. Maybe there might still be other cheating patterns that have not been uncovered.

[michellee]

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Ed Thorp and others who discovered these betting patterns were well-grounded in mathematics. This made the task of discovering these patterns interesting to them. I read some of the processes of coming up with these betting patterns and I find it difficult to understand them. With my common sense or experience, I have tried to identify recurring patterns in some games but they don't work out correctly.

These days cheaters use sophisticated technology to discover and implement means to rig games. The news of how some well-known sports personalities in connection with some mafia families in the US engage in fraudulent gambling practices. It included sophisticated cheating technology, such as altered card shuffling machines and an "X-ray" device that could read cards placed face down. Maybe there might still be other cheating patterns that have not been uncovered.

That will be different if they are well-grounded in mathematics. They know how to discovering these patterns which others don't know although they still need time but they can finds it. We will difficult to identify the patterns in some games and I am sure the patterns will always change.

Not too surprise if some mafia families in the US engage in fraudulent gambling practices as they are in this business from a long. They have relationship with the authority that makes them running the business safely. I read about the X-ray device but I hardly to get the prove because they will hiding it from the public.

[SmartGold01]

In those era they are more physically casino and not purely online based as it is nowadays. Of course interest and purposes could increase but then have you think if online casinos wouldn't detects any abnormal gambling on their system?
Nowadays online are too sensitive in detecting people who are operating on their system and whenever they senses any abnormalities it would definitely affects the gambler.

[swogerino]

My interest on blackjack started from Ed Thorp book for blackjack and after I watch the movie about student beating casino through blackjack. I study card counting and basic matrix table to play blackjack properly.

But this strategy is almost impossible to live blackjack or any online blackjack available while physical casino already counter this strategy too.

I think Arbitrage betting is my only known strategy that can actually beat a casino if done unnoticed by casino operators.

The strategy of counting cards is old one and does not work in online or offline casinos as both these type of casinos have in place counter measures to make you lose in the session. Arbitrage is the only one working yet it takes a monumental effort to make it work properly, most of the time casino operators do not notice you as long as you are winning your arbitrage bets in different ones, that is the main way how arbitrage works, you need to have a lot of accounts and fund them properly and no matter how you bet on money line you always win no matter the outcome of the event. The only way you will get noticed with arbitrage is if you have the bad luck of always winning in the same casino which as I said happens almost never.

[Floxynice]

In those era they are more physically casino and not purely online based as it is nowadays. Of course interest and purposes could increase but then have you think if online casinos wouldn't detects any abnormal gambling on their system?
Nowadays online are too sensitive in detecting people who are operating on their system and whenever they senses any abnormalities it would definitely affects the gambler.

I really do not think that it would be easy for people to be able to detect patterns like these guys did. If they were to try it again now, they may not succeed like they did then without the casinos noticing earlier some abnormalities going on. This is because technology has really advanced and casinos have tightened security. They know what Ed Thorp and other people like him did then, they may have closed all of those loopholes by now.

[DrBeer]

Our interest differs from person to person. I don't think that I have the brain and skills to count cards or look for a way to beat the system because I don't see gambling as what I want to make a million dollars from. I just gamble for fun and I prefer it that way.

OP, you post is really educational and interesting to read. Only a few gamblers have succeeded in beating the system despite a lot of them that have tried.

The thing is, “counting cards” isn't an attempt to cheat the casino; it's simply a way to make the game more manageable and predictable, because it's based on probability theory, which isn't prohibited—just like knowing the deck of cards You're simply calculating a more strategic move based on the statistics you've gathered; there's no cheating involved!
And yes, the reason why not everyone succeeds at this is that probability theory and methods for statistical analysis aren’t exactly the simplest of sciences!

[vanesha]

Regardless of whether gambling theory is ancient or modern, there shouldn't be much difference, as modern gambling also draws on ancient sources. Unfortunately, no one has yet been able to achieve the precision of Ed Thorp's theory. However, it's possible that someone will be able to do so in the future. If we're truly serious about pursuing this, it's usually successful. As long as we truly intend to implement Ed Thorp's theory, there's potential to increase our win rate in gambling.