Wednesday, May 7, 2008

Ex-gambler turns software ace: BBC

By Michael Dempsey

Business reporter, BBC News

Like all successful businessmen, Yuchun Lee is passionate about his experience of making money. The 42-year-old Taiwanese-American gushes about "big players", "advanced techniques" and "ace tracking".



None of these exotic terms relate to Unica, the software house based in Waltham, Massachusetts, that he founded in 1992.

Mr Lee is reminiscing about gambling tactics and his time with the Amphibians, a gang of top-grade students and graduates from the Massachusetts Institute of Technology.

The Amphibians took on casinos and other gambling dens using a disciplined mathematical model of card-counting to lower the odds in their favour.

Today, their exploits form the backdrop for 21, the Hollywood movie starring Kevin Spacey and based on the book Bringing Down The House by Ben Mezrich.

The card-counting technique works only in blackjack, where the player bets against the casino, hoping to be dealt cards that add up to 21...

For more on this article, please click on the following link: Ex-gambler turns software ace: BBC

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