Anyone who is vaguely familiar with gambling knows that the house has the odds in their favor. Do some people leave a casino with large winnings? Yes, but that’s because they left before they lost it back to the casino. If they had won and then continued to play long enough it is a mathematical certainty that would lose all of it back to the house. I watched a program one time about a group of students from MIT that had developed a system to beat the odds in blackjack. The program stated they had won large amounts of money before they all were blacklisted from the casinos. The system they used involved waiting to place large bets only when the cards were in their favor.
This system works, it’s called card counting and others have used it to win in blackjack also. By placing minimum bets on almost all the hands played they controlled their losses. When the cards left in the deck were in their favor they would place large bets and win most of the hands. During this streak of winning they would make up their losses and turn a profit. When a new stack of cards is brought out to the table they would leave and cash out because with the introduction of a new stack...
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