In the early 1990s, the largest casino worldwide, the Foxwood Casino,
was experimenting with a game called "Hickok 6-card poker",
a game modeled after Let it Ride Poker.
Q: What's the difference between "Hickok 6-card poker" and
Let it Ride poker?
A: In both Let It Ride and Hickok, the players were dealt 3
cards each to start. In Hickok, there would be 3 community cards by
the end, whereas in Let It Ride there are only 2 community cards. The
rules in Hickok allowed the players to double, play, or surrender (getting
half his bet back, but giving up any chance to win) after getting their
first 3 cards. Then 2 of the 3 community cards were dealt, and the players
had the option to buy the 3rd community card for 1/2 the original bet,
or they could give up or get
paid based on their 5-card hand. (The money for the 3rd card was not
returned.) Then the dealer dealt the 3rd and final community card and
paid off or collected the remaining hands, according to this table:
| 1 | Pair of tens or better |
| 2 | Two pair |
| 3 | Three of a kind |
| 4 | Straight |
| 5 | Flush |
| 6 | Full house |
| 20 | Four of a kind |
| 50 | Straight-flush |
| 200 | Royal Flush |
| 300 | Five aces |
Foxwoods played the game with a 52-card deck plus a single joker which
counted as a fifth Ace (which couldn't be used to make a flush). The
game was also dealt face-up, so you could see all the other players'
cards to help make your decisions.
According to a story published in Gaming Today "two inventive
students from the Massachusetts Institute of Technology (MIT) figured
out a way to beat the game [Hickok 6-card poker] and took Foxwoods for
over $1 million in a six-month period".
Q: Apparently you were the mastermind who developed the strategy to
beat this game. Is this true, and if yes, how did you do it, and why
did you decide to devise a strategy for this game in particular?
A: Yes, in 1993 I wrote a couple of computer programs to
figure out whether the player had an edge and to develop an advanced
strategy that took into account other players' cards. When I first saw
the game, it looked interesting and I had some free time since I'd recently
been fired from my job.
Q: Were you one of the students that "took Foxwoods for over $1 million in a six-month period"? Are you still welcome to play in the Foxwood casino?
A: We didn't win anywhere near $1 million. The casino figured that they made $1 million less than they would have if all the seats were filled with bad players betting as much as we were. But most other players weren't betting the $50 table maximum, plus there were some other non-MIT players who we could tell had figured out how to beat the game.
Continue with Part 2 of this interview: The MIT Blackjack Team
Part 2: The MIT Blackjack team
Part 3: Law & Gambling
Part 4: Poker