A Conversation for The Gambler's Fallacy
Except for Blackjack
Steve K. Started conversation Feb 25, 2003
In blackjack, the cards remaining in the deck(s) are a function of the cards already dealt. So theoretically, "card-counting" can swing the odds in the player's favor. The non-fictional book "Bringing Down the House" concerns " ... the MIT Blackjack Team, organized by a former math instructor, who said, 'Blackjack is beatable.' Expanding on the 'hi-lo' card-counting techniques popularized by Edward Thorp in his 1962 book, Beat the Dealer, the MIT group's more advanced team strategies were legal, yet frowned upon by casinos." (MIT is Massachusetts Institute of Technology, a high-powered US college.)
I enjoyed the book, but have my doubts about some of the adventures described.
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Except for Blackjack
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