1. The Mit Blackjack Team Sub Indo
2. The Real Mit Blackjack Team
3. The Real Mit Blackjack Team Members
4. The Real Mit Blackjack Team
5. The Mit Blackjack Team
6. The Real Mit Blackjack Team Movie

The MIT blackjack team is probably the most famous group of professional players in the game of blackjack and the sport of card counting. This site would not be complete if we didn't write a little bit about them and what the true story was behind the famous blockbuster '21' movie. The idea behind the team would originate from Al Francesco, one of the original members of the Blackjack Hall of Fame inducted in 2002. Ken Uston is another huge name in the concept of blackjack teams like MIT. Most notably is his book 'Million Dollar Blackjack' which was released not too long before the blackjack team was created. Two other famous books about the team are 'Bringing Down the House' (which the movie '21' is based off of) and 'Busting Vegas' by Ben Mezrich. If you enjoy learning about card counting and blackjack, there is an excellent TV show called 'Breaking Vegas' on the History Channel as well.

The MIT blackjack teams were vaulted into the public eye with publication of Ben Mezrichs book Bring Down the House in the early 2000’s, and the subsequent 2008 major motion picture 21. According to John Chang who was the original teams manger and investor “the book got it half right and the movie threw out that half.”. Before too long Chang, who finally graduated from MIT in 1985 (he did his undergraduate thesis, which you can find here, on blackjack), became the senior person on the MIT team. He says he got the. What you may not know however, is that the MIT Blackjack team was real, and they did indeed use card counting to make thousands of dollars at casinos all over the world. How It Started Surprisingly, the group was first formed in 1979 by six students who lived in the Burton-Conner house at MIT. The 21 true story reveals that the real MIT Blackjack Team was led by three individuals, none of whom were professors. Arguably, the most notable is Bill Kaplan, a Harvard Business school graduate who had also done his undergraduate studies at Harvard. John Chang and J.P. Massar were also very much the basis for 21 's Micky Rosa. The MIT Blackjack Team was officially born in 1980. They started with $90,000 in investment capital and quickly doubled this amount. This success continued for years with players making $160 per hour ($80/$80 split with investors). The team’s capitalization hit $350,000 by 1984.

How MIT Started the Blackjack Team - Early History

The Mit Blackjack Team Sub Indo

The team started in 1979 at the Massachusetts Institute of Technology and consisted of students and ex-students from this school along with some from Harvard University and their business school as well. It started off as a mini-course named 'How to Gamble if You Must', which was a type of independent extracurricular 'club' when class was not in session. Some students from the Burton-Conner Dorm decided to sign up and try it out. At first, they learned about poker and play micro-stakes poker games. Later on they began to learn how to play blackjack and how to count cards.

They trained and improved their skills at the campus itself and inside the classrooms, much the same way it was described in the movie in fact. The people who signed on were skilled in mathematics and statistics and usually students in these fields. As you may know, card counting and learning basic strategy is all about numbers and probabilities. Those who are good at math and statistics would have a much better chance of doing it right and actually enjoying the math in the game.

Atlantic City, which has many large casinos like Las Vegas, was the first stop for this group. They wanted to test out their new skills here. Unfortunately, they failed quite badly and the original group broke up. Later on, a gambler who goes by the name 'Dave' proposed to form another team with J.P Massar, who was a graduate and also one of the people who organized the first trip out to Atlantic City. They wanted to take a great advantage of a special law in Atlantic City that allows card counters to play. Believe it or not, it is illegal to bar any card counters from playing at casinos in this city!

This new team consisted of 4 players with Dave. They also started off with a $5000 investment and this time they decided to go back to test their skills and were successful. Later on, new members started to join and they continued practicing the game during their own training sessions. They actually started getting on a roll and were winning on many weekends at the beginning but then that started to change. The students started to lose and lost some confidence in their abilities to beat the house. It was a mystery why they were doing so badly until they met up with Bill Kaplan.

Bill Kaplan, J.P. Massar and the new MIT blackjack team

The history of Kaplan is quite interesting. This is the man that actor Kevin Spacey, the professor, plays in the movie '21'. He received his Bachelors Degree from Harvard in 1977 and was going to attend Harvard Business School for a Masters Degree. He had done a lot of research on card counting and blackjack before he graduated. Bill decided to delay entry into Harvard Business for one year in order to move to Las Vegas and start up his own team. The money he used was from funding he received from Harvard after his graduation but the rewards were staggering. He made a 35 fold return on his investment or won 35 times what he brought with him, in only 9 months!

Later on in 1978, he had to go to Harvard Business School while his team continued to play in Las Vegas for the next 2 years. In 1980, Kaplan graduated and the team was tired out from playing in Vegas so they decided to go international. The team broke up since Kaplan could no longer manage his team over such long distances. At around this time, J.P. Massar from the MIT team met Bill Kaplan at a Chinese Restaurant. Massar overheard Kaplan and his conversation about how successful he was. Massar then invited Kaplan to come with him to Atlantic City and to watch his team and figure out what the students were doing wrong and why.

It turns out that Massar's team was doing many things wrong. Each student was using a different card counting system, so they were essentially on the wrong page. Those systems were complicated, they were making errors, losing the count or even each student having inconsistent counts. It turns out that the students spent most of the time arguing about mathematical methods and equations rather than actually playing the game in the casino. Later on, Kaplan gave Massar his recommendations and report on the students.

The advantage that these players got on the blackjack table was stunning. Due to playing perfect basic strategy and coupling it with card counting, they could get a 2% edge over the casino. Normally the casinos have between 2% and 10% edge over the player, which ensures that the player will eventually lose in the long term. The card counters now have ensured that the casino loses in the long run and basically turns the casino into a personal ATM, literally. It has been known that the players would use other strategies such as tracking aces and advanced shuffle techniques and could even get an edge as high as 4% over the casino. This larger edge means they would win more money more often. It has been reported that even 5% to 10% edges against the casino were possible but it was extremely rare and required a perfect game with an awesome count. Basically it's the card counting aspect that turns your negative chance into positive chance winnings.

This new team was a boon for Kaplan. He could now train a new team of the students locally. This time Kaplan used a systematic and much more organized process for the students. Now everyone followed strict rules to use a single card counting system, a similar betting system and strict training. Players had to report information such as what systems they were using, what casino they were playing at and what times they played. They had to pass some requirements before even being able to play at the tables. It turns out that Kaplan's formal management strategies and business organization skills paid off and they became wildly successful.

After about one ummer season since Kaplan met Massar, the first MIT blackjack bank was started. It was built up through investments by outside investors and the students themselves. There was about $89,000 initially and the MIT team consisted of 10 players along with Massar and Kaplan. They doubled the size of the bank in only 10 weeks and were highly successful. They theoretical figure for earnings was to make $170 per hour and the actual result ended up being about $163 per hour, which was very close to the ideal statistics. The winnings were split among the players and the investors in proportion to what they put into the bank and the investors were making a 250% return on investment! This was astronomical compared to 15% annually in the stock market, which in itself would be amazing.

MIT team history in the 1980s

1980 was the year when the MIT blackjack team really took off. By the time 1984 came around, there was about 30 players and had about $350,000 in money to play with. At about this time, Bill Kaplan had become notorious at casinos around the country. Casinos had people following him around and were looking out for the guy because of how much money he was taking from them. This made it impossible for him to be effective on the team and he decided to quit for awhile and go full time in the real estate business.

The Real Mit Blackjack Team

Occasionally he would play once in awhile and invest some money into the team but he was not active. The team after 1984 was generally run by Massar and a few of the newer members: John Change and Bill Rubin. Again, as time went on between 1985 and 1988, the team was struck with fatigue and 'burn out' and eventually lost interest. By the end of the decade, the MIT teams played through 22 banks and 70 people were involved as team players.

Strategy and systems used in the 1990s

The team recruited players at the Massachusetts Institute of Technology by posters and flyers that were hung up around the campus. It was hard to get in and it took a lot of work, practice and skill. The training itself did not cost anything and it was almost like a hobby for many students. When they got good enough, they had somewhat of a final exam called the 'trial by fire', which was an extremely difficult test of their skills before they would become full members. A player would have to play through 8 to 10 standard decks of cards (a large shoe) and play a perfect game as well as keeping the correct count. Even after this, they still had more training and played in real casinos with small money before finally being able to handle the big high-stakes blackjack.

One notable student was John Chang, an undergraduate at the school who joined in 1982. Chang would eventually help run the team later on in the decade and into the 90's. In 1992, Kaplan, Massar and Chang made a huge move. They decided to take advantage of a new casino that was opening up nearby called Foxwoods Casino,located in Connecticut. Kaplan was able to raise a million dollars by forming a new team around 'Strategic Investments', a Massachusetts Limited Partnership. Ironically, this was done through his knowledge of real estate investing. This marked the revival of the MIT blackjack team, addition of new members and training.

The team then spread across the country with members in many states along the East Coast, Midwest and the West Coast. Another notable player in the MIT team history was Sarah McCord a student who joined in 1983. In this new team, she was responsible for the all the recruiting and training that happened in the West Coast as she lived locally in California.

They started gambling all over the world at the same time and the casinos were taking some serious hits. They have never seen such a coordinated assault against the game of blackjack in so many areas at the same time. Some would say that this would be the golden age of the MIT blackjack team. Eventually the casino started fighting back by figuring out who the card counters were and banning them from playing there again but MIT kept hitting them even harder by sending new players with new faces to the casinos so when one player got banned, another 'stranger' could come in and take their place. At one time, the team won nearly $500,000 during a single weekend in Las Vegas

Eventually the casinos caught on and had investigators find out that a large concentration of the caught players were from Cambridge. Then that tied in with MIT and they figured out where they were all coming from. As another tool to fight back, they took the yearbook and stored the pictures in a database at the casino to keep an eye on anyone who could be from MIT and make identification much easier.

This seemed to be the end of the team. Most of the best players on the team were not allowed into the casinos anymore. Also, they were not spending as much time working on their real estate business, which was actually much more profitable than blackjack anyways. On the last day of the year 1993, General Partners chose to close down Strategic Investments. Their limited partnership ended and the money was paid out to the players and investors of the team.

1994 - This was not the end of the MIT blackjack story

After the main MIT team broke up in 1993, a small group the MIT players decided to create their own independent teams. There were two notable teams. One was the Reptiles, run by Mike Aponte, Wes Atamian and Manlio Lopez. The other one was the the Amphibians, run by Semyon Dukach. They both sort of competed against each other to see which team won more money. Some say that each team won over a million dollars and had over 50 members at one time or another. One player from the Amphibians team actually won the secret Blackjack Ball tournament in its third year and was crowned the title 'The Best Blackjack Player in the World' by Max Rubin, the famous host of the annual event. The winner's unofficial name was known as 'Most Feared Man in the Casino Business'.

The hit Hollywood movie “21” was based on Ben Mezrich’s book, Bringing Down the House, which chronicled the resurgence of the MIT blackjack team in the 1990’s. The book follows the real characters and true story in only parts. Much of it is fiction. The movie, well, that’s all Hollywood schlock. The founder wasn’t an MIT professor, there wasn’t a love-story with the main characters, they didn’t play blackjack to get cash to go to medical school, and they weren’t all father-less, broke students. Well, students usually are broke, so that part’s mostly true.

The Real Mit Blackjack Team Members

The 1980’s

About the time Ken Uston was winding down his blackjack play and concentrating on land deals, books, and lawsuits against Atlantic City, Reno and Las Vegas casinos, Bill Kaplan formed a team of blackjack players to do some card counting on the east coast. He says his first recruits were JP Massar, who co-managed the team, and John Chang. Kaplan was a Harvard Business School graduate. Chang graduated from MIT in 1985. Other early recruits were MIT students also.

Kaplan was hardly a novice. He made treks to Atlantic City casinos and had been the manager of a team of card counters based in Las Vegas in the late 1970’s. The movie certainly forgot that part. As for the true story, the team name is accurate because a group of six MIT students who lived in the Burton-Conner House at MIT read Lawrence Revere, Ken Uston and Ed Thorp’s books on blackjack and practiced playing the game.

While several of them graduated in May, they offered a course in blackjack for MIT’s January Independent Activities Period, a short monthly course. A few of the students were approached by a professional gambler and an investor with $5,000 to put-up as a bankroll. Eventually four of the students played as a team in Atlantic City, each making about $3,500. Later, one of the players, JP Massar, overheard Kaplan talking about blackjack in a Chinese restaurant one evening, introduced himself, and invited Kaplan to watch his buddies winning in Atlantic City.

Kaplan was intrigued, as they did play well, but they were disjointed, used different count systems, and made errors that drove what should have been a hefty 2% edge down to under 1%. There were too many math computations, too many basic strategy exceptions, and too much drama.

Kaplan offered to work with the friends if they were willing to follow more stringent rules including a single Advanced Count and a more rigid wagering system. They weren’t too happy about the idea, but eventually met on several occasions and worked on the new count.

The First Real MIT Team

Kaplan was serious about using a business approach to the new team. He wrote a prospectus, projected a $170 per hour win rate, and took investments from team members (who eventually totaled 10) and from outside the group. With an $89,000 bank they started playing in Atlantic City. Both Kaplan and Massar served as Big Players, placing large wagers while their teammates counted down shoe after shoe at various tables.

The counters played $5 or $10 per hand. The Big Players joined games when the count was positive for the players and wagered $500 to $1000. The Pit Bosses weren’t completely fooled, but with dozens of tables and big money being played everywhere, the MIT Team was able to blend-in fairly well and get in plenty of play. They were rarely shuffled-up on.

Still, it was grueling for the teammates. They worked hard, made mistakes, practiced till all hours of the morning, and went back for more when they could find the time. It took nearly 10-weeks to double the first playing bank, but once the double was done, everyone was happy. The team of mostly undergraduate students were paid $80 per hour for their play. The overall hourly rate for play was over $160, with the other $80 going to investors.

New Recruits

The real advantage that the MIT Team had in both the 1980’s and the 1990’s was that they had an unlimited supply of potential card counters. Harvard and MIT were obviously filled with motived, bright students, and the team actually recruited new members with flyers placed in quads and dorms. The training wasn’t easy on new recruits. Those who professed knowledge of counting were put through an intense series of sessions consisting of counting down six-deck shoes over and over. They were expected to make less than a single mistake per shoe while keeping the count correct.

Then, each member was taught the same advanced count system, grilled on the basic strategy exceptions that should be made at times based on the count, and taken to Atlantic City for live casino play, completely supervised by trainers. If they passed, they were allowed to work with the team and either count at team tables or move up to money handlers and Big Players. As the team grew to more than 30 players by 1984 it became more important for the occasional trip to Las Vegas.

Clubs in Reno and Lake Tahoe had lower table limits and there was more heat due to the smaller percentage of big money players at the casinos. Only the MGM offered enough tables for a team of 10 or 12 players to blend in, but it wasn’t worth the trip for one casino with Vegas-style limits and games (all six-deck shoes).

By this time Kaplan was well known in both the New Jersey and Las Vegas casinos. He settled into a reduced role and played sporadically for the team, now being managed by Massar, Chang and Bill Rubin. The managers had an easy time of it, as investors couldn’t wait to get their money into action, but it wasn’t necessary. The team doubled several banks each year, held back some of the money to increase their worth, and played to $200,000 banks on a regular basis.

While breaking the banks (doubling) was fun, the work of constantly counting cards perfectly, giving signals, keeping an eye on the bosses, and traveling between the east and west coasts wasn’t quite as fun as it might sound. The play was stressful. One year the team only doubled a single bank, barely making a profit, but like the Uston teams, most banks were successful.

New Casinos – New Money

As casino gambling grew in the US, new outlets were available for plunder. The main drawbacks were slow dealers (who were all newly trained) and low limits, but when the mammoth Foxwoods Casino opened in Connecticut with hundreds of blackjack tables it was easy pickings. And, the money was good enough to convince an author to write about the team, and Hollywood to someday make a movie. As for the team, it was nearly invincible.

Kaplan joined Massar and Chang again in 1992 and they formed a company called Strategic Investments to bankroll a super team. The partnership easily raised their million dollar goal and went to work using a slightly different system, employing a counter and a controller on each game. The controller played small stakes, just like the counter, but was there as a final check to make sure the count was accurate and to watch the bosses. When the count soared into positive territory the Big Player was signaled and given the count, often with codes (such as “my ice tea is too sweet,” which translated to sweet sixteen, or a count of +16). Sometimes the team had three Big Players in action watching many tables. The team eventually had more than 80 players, hitting new casinos all over the country from Mississippi, to Iowa, Chicago and of course, Las Vegas. The Bahamas was also a favorite location.

They pushed hard, got barred, and trained new Big Players. They cleared more than $3 million dollars before the barring’s became commonplace. As more and more players were carded, photographed, and banned from play, a common denominator was noted: many of the players were from Massachusetts, some from or near Cambridge.

The Real Mit Blackjack Team

Individual casinos who employed the Griffin Detective Agency came to the same conclusion that some of the players might be college students from MIT. That conclusion may have been helped through the sale of team member names, copies of MIT yearbooks, or both. Either way, Strategic Investments had a banner year in 1993 and dissolved the partnership on December 31, 1993, but that wasn’t the end of the teams.

The Movie Teams

When Strategic Investments went by the wayside, several players who had enjoyed making up to $50,000 a year at blackjack came up with their own teams. Two large groups were first called the Amphibians and the Reptiles. Each was loaded with talent, each was well bankrolled ($500,000 to $1,000,000 banks), and each had several dozen intertwined players in various locations across the country.

The Amphibians included players like Katie Lilienkamp, Semyon Dukach and Andy Bloch. Bloch was an MIT student, earned a law degree, and then turned to poker to earn a living. He says his largest individual win at blackjack was $100,000.

The Reptiles were led by Mike Aponte, Manlio Lopez and Wes Atamian. Aponte convinced Jeff Ma (who inspired the lead character Ben Campbell in “21”) to play on his team of card counters. Ben Mezrich, author of Bringing Down the House (which became the movie “21”) based his story on a team that was created after the Amphibian team won more than $4 million.

The Mit Blackjack Team

Was the smaller team really successful enough to tell a story about? According to Mike Aponte, he once won $200,000 on a single trip and the team won $500,000 over the Super Bowl 1995 weekend. That’s pretty strong. Did they have more money than they knew what to do with?

The Real Mit Blackjack Team Movie

According to Blackjack Forum Online, John Chang and his wife cleaned his apartment before he moved and they found more than $165,000 in chips, cash and travelers checks he had forgotten he had, stashed all over the apartment. That’s pretty strong too.