
Originally Posted by
OnlineAP
I have not read the book, but I have read many stories about blackjack teams for a long time. None of the amounts won per team member are very impressive. Even the MIT team doesn't seem to have made that much money and it probably got harder after they exposed so many of the practices. I believe the real pioneers in the field of counting made a lot of money, but I don't know anyone personally who claims to have made significant money counting. And I know dozens of professional gamblers.
The stories about awesome gambling incomes that I find believable involve horses, poker, or sports betting on an industrial scale with kickbacks, cheating, or Macau.
My impression is that people count cards because they love the challenge and they love the live BJ game. I admit I am not well informed on the subject, but it seems like counting is a big opportunity cost compared to what intelligent motivated people could earn in the real world or on other forms of gambling. I would not even be overly impressed by an individual making $4M after expenses in their gambling career.
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