The dream of every blackjack player is to make a small fortune playing the game. And hedge fund manager Michael Geismer recently lived out this dream while playing blackjack at Las Vegas' Bellagio Casino. If you're interested in finding out how Geismer experienced his massive windfall, you can keep reading about it below.
The Rich get Richer
Michael Geismer isn't exactly a guy who needs any more money since he flew into Vegas on a private jet. He also brought a $10,000 bankroll with him while hoping to play some blackjack on the side of attending the SALT hedge fund conference.
Geismer managed to find plenty of time to play blackjack, and he turned his $10,000 starting amount into $710,000 over the course of two weeks. And as far as we know, the investment guru also avoided any contact with the recent and scattered-brained Bellagio robbers.
How did he do it?
Seeing as how Michael Geismer earned a $700k profit while playing blackjack over a two-week span, most people would immediately assume that he's a card counter. However, the reality is that he merely used basic blackjack strategy to win. Sure the hedge fund manager had read some blackjack books over the years, but he did nothing outside of basic strategy to add to his fortune.
This just goes to show that anybody can win big in blackjack - even when they're not counting. All it takes is using excellent basic blackjack strategy, coupled with some solid luck. Seeing as how you can lower the house edge to 0.5% with sound strategy, you don't really need a ton of luck to earn some profits at the blackjack tables.