Home Contact New York News Photos 1 2 Reviews Sports Web Finds
Your Host
Site Tools
Categories
Archive
Greatest Hits
Photos
Interviews
Search



PaulKatcher.com
All of Web
Friday, September 10, 2004

Review: Bringing Down the House
Bringing Down the House: The Inside Story of Six M.I.T. Students Who Took Vegas for Millions has been tabbed "the book Vegas wants you to read." And yet it's the story of one of the Strip's most embarrassing periods, when a card-counting blackjack team from Boston made regular weekend trips to Sin City and walked away with tens of thousands of dollars, sometimes more, for a couple days' work. But the big winners who made headlines always benefitted Vegas in the long run. Beating the house is never as easy as it looks.

Though it looked all that easy then, in the mid-'90s, when several team members would hit the casino floors with the following duties:

Spotters: Four or so players, at different tables, would consistently bet the minimum, keeping mostly to basic strategy and making a few mistakes so as to blend in like an ordinary, non-threatening bettor. Their win/loss ratio was unimportant. What mattered most was their inconspicuous, continuous tally of the "shoe count." Cards 2-6 were counted as +1. A 10, face card or ace was a -1. Cards 7,8 and 9 were neutral. When the shoe count was high, which mathematically gave the player a slight advantage over the house, the spotter would nonverbally signal in a Big Player.

Big Players: Typically two on the floor at a time, the BP's would meander around, read the spotters' signals, get passed the count inconspicuously, and bet big according to the healthy decks of remaining cards.

And the best part? It's all legal. As long as players don't affect the outcome of the deal or use an electronic device to count, counting is not a crime. But casinos have the right to ask you to leave, which is why the team went to great lengths to not draw suspicion, never acknowledging each other on the floor.

A stream of big money of everything else that comes with the high rolling — comped suites, women, assigned casino hosts — followed. Till someone, somewhere pieced it all together and notified casinos around the country. The jig was up, but $3 million too late.

I rolled through this book in just a few sittings, and that's pretty much my criteria for a "good" book, but I wouldn't say it's a great one. There are so many unanswered questions. Like how could pit bosses not be suspicious of a high-roller known on a first-name basis who keeps coming in mid-shoe and winning big? Don't they notice that a familiar-looking face, albeit one betting the minimum, is always at the table when the high-roller does his damage? Don't they notice that these "reckless" high-rollers only played blackjack?

The book can also be a bit tedious. It can be overly descriptive at times — colors and smells and specific types of sushi and all that — and yet we never even hear how the BP adjust's his bet according to the shoe count until the last few pages. Throughout the book, that missing element was driving me crazy. And what happened if a BP came into a hot shoe and then the count ran low? We never know, which is why I felt like I was reading a dumbed-down version of what the book could have been. And for that reason and more, this book will almost certainly be made into a movie ... starring Ben Affleck.

In Five Words or Less: Overall Good, With Some Holes

Read over 250 reader reviews on Amazon.com

M.I.T. Blackjack Team Apparel

Category: Quickie Reviews | Permalink | Post a Comment (9)


Comments: Review: Bringing Down the House

I would like to take notice of my football picks in the "Paul's Picks" section below. I got the New England Game on the nose. I wish I was in the actual pool....dammit.

(Note From Paul: Hallas (and all), for archive purposes, please post comments under the appropriate entry. When people come to read about this book months and possibly years from now, through search engines, it'll be confusing to come across a tout about someone's NFL picking skills ... through one game.)

Posted by Hallas at September 10, 2004 9:41 AM

Don't you think there's a boiler room operation set up some place that's just scamming online poker players hour after hour? It would make this MIT blackjack stuff look like amateurs.

Posted by Chris at September 10, 2004 10:49 AM

Hell, I don't trust online card games at all, from either side. If ever there was a system that could be tweaked to have new users win a little early and take their money when big bets are placed, this is it.

Posted by Paul Katcher at September 10, 2004 11:17 AM

I see people around here at my work playing online slots. Probably just as winless as poker. Plus in online poker you can't read people so the hole bluffing as[pect is taken out which is the fun of it all.

Posted by Hallas at September 10, 2004 12:06 PM

Paul, thanks for the review. For a minute there I thought you were reviewing that God-awful Steve Martin/Queen Latifah flick.

Posted by TTman at September 10, 2004 12:41 PM

Well, as a regular online poker player, let me put in my two cents. In the last year, at rather modest betting levels, I've made more than $1500 online.

It's really in the poker sites best interest to run legitimate operations because they make money on the volume of play, not whether a player is winning or losing. Reputation is currency in the online poker industry.

And reading a player isn't just about seeing their face, it's about recognizing their betting pattern. That can separate a good player from a fish.

Check out the latest issue of All In magazine for my review of the Top 8 Poker Rooms in Vegas :-) (shameless plug).

Finally, for a good book about sex, drugs, murder and poker in Vegas, read Jim McManus' Positively Fifth Street. Great book!

Posted by CJ at September 10, 2004 4:51 PM

Not a huge fan of Positively Fifth Street (though it's probably good if you haven't read the other poker books it borrows heavily from), but I can recommend at least a bookstore skim of "American Roulette: How I Turned the Odds Upside Down. My Wild Twenty-Five-Year Ride Ripping Off the World's Casinos" by Richard Marcus. A similar theme (not that card-counting should be banned) as BDtH but a lot more variance in the type of casino action.

Posted by Ken Goldstein at September 10, 2004 7:00 PM

I suppose I enjoyed it because it wasn't just a poker book. It was a story, within a story, and poker was just the glue that held it together.

Posted by CJ at September 11, 2004 4:17 AM

Chris, you don't need a boiler room operation to track online poker players. There is software available to do it for you,such as poker tracke. You can record everyone's actions (and your won) under every condition and even flag players and fish or rocks so that you can be sure to find "easy" tables.

Posted by Dave at September 13, 2004 2:15 PM
Post a comment
















Fark.com
- [Interesting] Crips and Bloods still keeping it real ... in New Zealand. Wait, what?

- [Amusing] Police searching for teeny tiny gang of horse thieves after 28-inch pony stolen from field (pic)

- [Photoshop] Photoshop these ancient columns

- [Asinine] From the Department of Redundancy Department: Texas issues a report declaring that Texas has too many reports. Bonus: Report is 668 pages long and took 18 months to compile

- [Hero] Woman on crutches rescued from rapist by five bystanders (With scary mugshot goodness)

Yahoo! News: Most Popular
- `The Terminal 2'? Japanese man makes airport home (AP)

- Expertise Trumps Ideology in Obama's Early Picks (CQPolitics.com)

- Obama to introduce his economic team today (AP)

- Citi's woes reflect depth of crisis (The Christian Science Monitor)

- Government plans massive Citigroup rescue effort (AP)

Yahoo! News: Sports News
- Wizards fire Jordan, make Tapscott interim coach (AP)

- K-State announces Snyder as new coach (AP)

- Favre, Jets hand Titans season's first loss, 34-13 (AP)

- Ravens beat Eagles; McNabb pulled after 1st half (AP)

- BCS standings favor Texas, for now (AP)

Web Friends
News
Sports
New York City
Sex
Internet
Guitar
Powered by Movable Type 3.31.