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There is a woman who found a way to game casino black jack and made millions out of it before getting caught. It's nearly impossible to replicate but it involve
by zos_kia 2y ago
There is a woman who found a way to game casino black jack and made millions out of it before getting caught. It's nearly impossible to replicate but it involved spotting imperfections in the way print sheets are cut up into individual cards.
I don't remember her name but she was an associate of poker legend Phil Ivey, and there's a whole documentary on YouTube about it. It's pretty fascinating what greed and a ridiculous level of risk tolerance can achieve.
- Fuzzwah 2y agoCheung Yin ‘Kelly’ Sun. The tactic is called edge sorting [1], they played Baccarat and had the dealers turn certain cards 180 degrees "for luck". Here's a great doco about it: https://www.youtube.com/watch?v=uEkl2yAdoHw https://www.youtube.com/watch?v=uEkl2yAdoHw Lots of coverage around the gambling news sites too: https://highstakesdb.com/news/high-stakes-reports/phil-ivey-and-the-20million-edge-sorting-saga-ends-a-timeline https://highstakesdb.com/news/high-stakes-reports/phil-ivey-... [1]: https://en.wikipedia.org/wiki/Edge_sorting https://en.wikipedia.org/wiki/Edge_sorting
- kbenson 2y agoI thought this sounded familiar, and yeah it was covered here in the past https://news.ycombinator.com/item?id=13226725 https://news.ycombinator.com/item?id=13226725 and https://news.ycombinator.com/item?id=7631091 https://news.ycombinator.com/item?id=7631091
- zos_kia 2y agoYou are absolutely right, sadly i can't edit my original comment anymore. Also that's the exact documentary i got it from, thanks for posting it.
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- mohaine 2y agoThey were actually changing the deck in way that survives shuffling, not just looking at the differences. They were using the offset on the printing as a way to tell orientation of the card. Since auto shufflers never rotate the cards, any rotation they added would persist allowing a way to tell good from bad cards in future hands.
- zos_kia 2y agoYes that is why I mentioned it was nearly impossible to replicate. The final optimized method involved a lot of social engineering, which required to have very high standing in the casinos. She had to request, under the guise of superstition, a specific setup with a specific style of dealer, who never changed decks, and to be authorized to call out certain cards as "lucky" which the dealer would flip themselves. It also required deep pockets, as just playing the shoe enough to sort it could take a few hours of regular gambling. That's the crazy thing, this elaborate setup just got them a few % edge on the house which they milked relentlessly.
- lawlessone 2y ago>It's pretty fascinating what greed and a ridiculous level of risk tolerance can achieve. I feel like it's less greed when they're gaming back casinos that already have a house edge. Counting cards ,being able recognize cards, it seems like anything where a person might use their brain to deduce what's next is "cheating"
- Y_Y 2y agoGreed and cheating needn't be realted. The players are following this strategy to make money, presumably more than they should want. Whether they're taking it from moral or immoral sources should be a separate issue, imho.
- trogdor 2y ago> The players are following this strategy to make money, presumably more than they should want. I’m not sure I understand this. Why should there be a limit to the amount of money someone wants?
- zos_kia 2y agoI say greed with absolutely no moral implications here ! But when you watch the doco it is pretty apparent that this kind of hunger is compulsive.
- weberer 2y agoIts greed from a game theory perspective. She could have walked away at 5 million and gotten away with it.
- bredren 2y agoReminds me of Michael Larson’s breaking of Press Your Luck. https://en.wikipedia.org/wiki/Press_Your_Luck_scandal https://en.wikipedia.org/wiki/Press_Your_Luck_scandal