The MIT Blackjack team were a renowned group of players from the Massachusetts Institute of Technology at Harvard University who used a number of sophisticated techniques to beat casinos at the game around the world. The main strategies the team used to increase their chances of success were card counting, hole carding and shuffle tracking. The team was originally formed in 1979 and operated until the turn of the millennium.
Several students at Harvard created the team to test the theories they had learned while attending a ‘How to Gamble if you Must’ seminar at the Business School. The group were unsuccessful on their first trip to Atlantic City and parted ways on graduation.
However, original member, J.P Massar, was contacted a year later by a gambler who was interested in testing the theories again following a ruling that made it illegal for casinos to ban players who employed card counting techniques.
Massar and his new team revisited Atlantic City on the back of substantial investment stakes and earned a healthy profit. Massar later met Bill Kaplan in 1980. Kaplan was a Harvard Business Graduate and the duo became the back bone of the legendary MIT Blackjack team throughout the next two decades.
Their finest hour came in the 1990s when a trip to Las Vegas earned them over $400,000. However, casinos soon began to identify and bar team members and the group eventually disbanded. Mike Aponte, Johnny Chang, Dave Irvine and Semyon Dukach are some of the team’s most famous members.