Horizon
Horizon
Making Millions the Easy Way #S41E15
In the mid-1990s, a team of American science students took on the might of the Las Vegas casinos, and came home with millions of dollars. Hard working engineering students during the week, they became high-rolling gamblers by the weekend and proved that, in one game at least, the house doesn't always win. The game was blackjack, and the students were from the world-renowned Massachusetts Institute of Technology (MIT). Their audacious winnings marked the climax of an arms race between casino and player that began 40 years earlier with maths professor Edward Thorp. He realised that the one feature of blackjack that made it different from other casino games also made it possible to beat. In most gambling games - roulette, dice, slot machines, the lottery - events in the past do not determine the future. The odds are the same on every roll of the dice or spin of the wheel. Winning streaks or losing streaks may occur, but they are only one possible result from the set of all possible outcomes. A fair coin that has shown heads ten times, still only has a 50% chance of showing heads on the next flip. Casinos and bookmakers make certain that the odds are always stacked slightly in their favour. In other words, over time, the house will always win.
Episode 15 of Season 41 from Horizon — available to stream in HD on any device.
Comments & Discussions
Join the conversation
Sign in to leave a comment
No comments yet
Be the first to share your thoughts!
Recommended
Because you liked Horizon
De Gijzeling in de Apple Store
Kidnapping at the Apple Store
A Killer Among Friends
A Killer Among Friends
Her Last Broadcast: The Abduction of Jodi Huisentruit
Her Last Broadcast: The Abduction of Jodi Huisentruit
Life After People: The Series
Life After People: The Series
블핑하우스
BLACKPINK HOUSE
The Furry Detectives: Unmasking a Monster
The Furry Detectives: Unmasking a Monster
East Harbour Heroes
East Harbour Heroes
Go Gently
Go Gently
Billy Joel: And So It Goes
Billy Joel: And So It Goes
United Gangs of America
United Gangs of America
Search for movies, TV shows, collections, manga, or people
Trending Now