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Mike Aponte – The MIT Graduate Who Beat the Casinos

Background

Mike Aponte had belonged to an army family and had travelled a lot before finally settling down in Boston as a student of MIT. He had been approached first to play blackjack as a part of the MIT Blackjack Team before it actually gained its fame. Formerly the team was known as Strategic Investments which was a legal entity which had been formed in the year 1991 and had failed. However, the idea had remained much the same, forming a blackjack team with money from investors and with the goal of making millions.

The new team took shape in the year 1994 when it was named the MIT Blackjack Team and along with Mike Aponte, the team gained much success and became famous through their wins in the casinos. Also, the book Bringing Down the House along with TV shows like Anything for Money and Breaking Vegas made the team famous.

The Peak

For the six years that the team was at its peak, the team won millions of dollars for the investors. The players were backed by different investors who were then paid their expenses and a percentage of their initial investment once their money had been returned. The remaining profits were divided between the players. Mike Aponte had been one of the 25 players which formed the MIT Blackjack Team and had been hugely responsible for the team’s success.

The team was eager not to make the same mistakes as they had in Strategic Investments and so they streamlined their tactics and the team and only allowed the best blackjack players to play for them. the methods which were used by the team had been shuffle tracking, card steering and of course, card counting. Mike Aponte himself had been an important player and his personal largest win during his career had been $200,000.

After 6 years with the team, in the year 2000 Mike Aponte retired. He removed his funds from the bank of the tea and had been grateful for the opportunity which had been provided to him for traveling across the world and playing internet blackjack. However, by 2000 most players of the team were very well known and it was almost impossible for them to play at any blackjack table in any casino. For this reason, he decided to quit.

However, Mike Aponte only left the team and not blackjack in general. In the year 2004 he won his first WSOP event and won $100,000 in prize money beating players like Stanford Wong, Anthony Curtis and Ken Smith though it had been his first ever blackjack tournament. Mike along with Dave Irvine, his partner, runs a Blackjack Institute which is a website teaching advantage strategies to players through visual aids. Some of the techniques taught by the institute are money management and card counting. The Institute organizes and conducts various seminars all over the US in order to make these strategies available and accessible to all players.

Pai Gow Poker Tips

I like revisiting tips and strategies in Pai Gow, one of my favorite versions of poker on line to play lately. In this article, I’d like to quickly draw attention to what’s called “The House Way.” What this term means is how the dealer is required to set his hand as determined by each specific casino’s rules.

Now, it’s probably more important for you to figure out the best strategies for setting your own hand (which I’ve discussed before) before you start worrying about how the dealer is required to set his hand, but in the big picture of the game, knowing the House Way is extremely important, and absolutely can affect your decision-making on how to set your own hand in certain difficult situations. Also, if you know the House Way, you can monitor the dealer as a watchdog of sorts, and ensure he is playing hand properly. Don’t trust the casino as the final authority, they’re out to take your money, so if you’re not looking out for the rules, nobody else will if the dealer makes a mistake.

Of course, if the dealer’s mistake results in your victory, I’d probably keep your mouth shut.

Here’s how dealer’s are required to set their cards in most U.S. casinos. Let’s start with a couple low-end, basic hands.

For one pair, the Party Poker dealer must five-card (remember that term?) the pair and two-card the next two remaining high cards. For high card, you five-card the highest card, and two-pair the second and third lowest cards. If dealer has two pair, he must five-card one pair (usually the highest) and two-card the other pair. There is an exception to this, however. If neither of the dealer pairs are at least of jack value and you’re showing an ace, the dealer will five-card the entire two-pair. And lastly, for three of a kind, the entire set would be put in the five-card hand, unless it’s Aces, in which case one of the Aces would be split off to make the top card in the two-card hand.

Remember, pai gow can be (and in many places usually is) played with multiple decks, and sometimes with jokers, so be aware of all the rules before sitting down. Multiple decks can lead to five of a kind hands, and the strategy sets that go along with those rare, but possible scenarios.

Playing In A Land Based Casino VS. Online Casino

There are some differences between playing in a land based casino and playing in an online casino at PKR Poker and some of them are important factors to consider. There are definitely benefits for playing in both types of casinos and we’re going to look at those in this article. There is no doubt that some players will have a different opinion on which type of casino is better to play in and that’s because we all have different objectives and tastes.

Land Based Casinos

Land based casinos, such as The Mirage in Las Vegas, NV are ideal for those of us who like the thrill and excitement of betting with other people. You won’t be able to find the same amount of excitement when you’re playing online and that’s because you’re sitting by yourself playing. Casinos are also good because they usually have entertainment available at night. The comp programs are also better at land based casinos and you’ll be able to earn a lot more rewarding rewards then you would in an online casino. The costs of playing in a land based casino are a downfall though, costs such as travel, accommodations, food, entertainment and any other spending needs to be accounted. If you live near a land based casino then it’s a different story, but most people don’t live close to a casino.

Online Casinos

Online casinos are great for players who are looking to simply gamble and make money and don’t care as much about the excitement level. If you’re playing to make money then online casinos are better because you don’t have any costs associated with playing except for the money you use to gamble with. You also will find that you can play a lot quicker in online casinos because you get your own table for most games which allow you to speed up every round. The more you play the more chance you have of making money so online casinos are better for this factor. You can also play whenever you want in an online casino and you don’t need to travel anywhere except to your computer. This feature is what draws millions of players every year to online casinos. Online casinos have comp programs as well, but they aren’t as rewarding as land based casino comp programs. One thing online casinos do is they offer player’s bonuses on there first deposit and on other deposits routinely which land based casinos definitely don’t do.

I would say that online casinos such as PokerStar are much better then land based casinos for numerous reasons including the fact you keep all of your profit and don’t need to spend money on anything like travel and accommodations. You also get to play whenever you want to online which you can’t really do in a land based casino unless you live next too one. Land based casinos are more fun to play in, but they also usually cost a lot more money so you need to decide which is more important. Having fun or making money, the decision you make will sway month to month, but for the most part online casinos are your best bet and you should only play in land based casinos every so often unless you live near one.

Let It Ride Strategy

Let it ride is a poker game, but it’s played against the house and not against other players at casino.com which makes it a less known game. Many players don’t like playing casino games because the house always has the advantage, but you can lower the advantage they have to a point that it makes it worth playing the game. Basically in let it ride you place three bets of the same size in three circles in front of you to notify the dealer you want to play the hand. Then you get dealt three cards and need to decide whether you want to let your first bet ride. If you do then all of your bets are frozen and all three bets will be valid, if you don’t let it ride then you get the bet back from the first circle. The dealer then flips over there first card and you need to decide whether or not you want to let your second bet ride or not. Once you do your done making decisions for this hand because the third bet always needs to stay no matter what you have. This is the basic rules to the game, but if you don’t know how to play I would recommend reading the entire list of rules. We’re now going to look at some simple strategy you can use to help you win more money.

The worst hand you can have in order to win in this game is a pair of tens or better using your three cards and the dealer’s two cards. If you don’t have a pair of tens or better then you lose the hand. This means that when you look at your three cards if you have a pair of tens or better you should always let your three bets ride because you’ll win them all. If you have three face cards in your hand without a pair then I would also suggest letting all three bets ride. You really shouldn’t let all three bets ride in any other situation.

After deciding whether to let your first bet ride the dealer will reveal there first card. This card is used by all players to improve there hand. If the card helped you get a pair of tens or better then let your second bet ride, but if you’re still only on a draw I wouldn’t let it ride. The third bet you always need to let ride so you don’t need to worry about this bet at all because it’s stuck in the pot.

There is also an online blackjack hand bonus you can bet every hand which is a bet where you only use your three cards to determine if you win. You can win the bet with any pair of tens or better, but you can also win big with a mini flush, mini straight, mini royal flush and other hands. These bets usually payout a lot and it’s where most people make money playing let it ride. If you’re not going to bet the hand bonus then you’re not going to win much money playing this game.