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starting in the late 1970s a group of mit students used card counting strategies to beat casinos around the world at blackjack lets take a closer look at their story to see how their techniques can be applied to enhance our trading [Music] unlike slot machines or roulette blackjack can be beaten by a player who implements a sound strategy first there are the basic concepts of when to hit and when to stand these are based on the probabilities of a certain hand winning however more advanced players can implement card counting to increase their probability of winning the essence of card counting is that a low card is usually bad and a high value card is usually good if the deck were to have a large percentage of higher value cards remaining it would be considered a hot or favorable deck to take advantage of this the mit players would keep track of the cards that had already been dealt when the remaining cards were mostly the larger value cards they would place much larger bets because t
