Well, I believe I can shed some light on this for you guys....
First of all, those MIT kids were incredibly good at what they did... but here is the basic strategy...
They were card counters, no more, no less. But, they were perfectly accurate, and had a team behind them to help select the table that they "high roller" should play. (Depending on the "count" of the deck)
Normally, counters, or professional blackjack players, do it alone, but, as you can see (4.3 million made by the MIT team, I believe) In teams, done just right, it can be very profitable.
Blackjack is a unique game because the odds can change. To help you understand this, let's take a look at roulette. Each spin is a seperate even, and you have no better odds with one spin than the next, as nothing really changes.
The beauty of blackjack, however, is that the odds DO change, depending on what is left in the deck vs what has been played. The "count" of the deck is a way to keep track of how many "big' (aka 10s or face cards) are in the deck, vs how many little cards are left. When more large cards are in the deck, providing you play correctly, the odds of you winning are increased. Personally, I use what is called the "Advanced Omega System" to count.
To use this system, you don't have to be incredibly smart, but you do have to be very versed in counting (ie lots and lots of practice) and incredibly disciplined, playing exactly as the strategy dictates instead of by how you feel....
If you want any more info, feel free to send me a PM, or I'll check back here for any questions you may have....
Good luck!
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Just in case you were wondering...
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