Card counting emerged as a mathematical strategy in the 1960s when academics first recognized that blackjack outcomes could be influenced by tracking cards already dealt from the deck. The fundamental principle relies on probability theory: as high cards (10s and Aces) are removed from play, the remaining deck composition shifts in favor of either the player or dealer.
The classic Hi-Lo counting system, developed by Harvey Dubner and refined by Lawrence Revere, assigns point values to cards: +1 for cards 2-6, 0 for 7-9, and -1 for 10-Ace. Players maintain a "running count" and adjust it to a "true count" by dividing by estimated remaining decks. When the true count is positive, the player has a statistical advantage and can increase bet sizes accordingly.
Early card counters achieved significant success because casinos had not yet implemented comprehensive countermeasures. The famous MIT Blackjack Team of the 1980s-2000s demonstrated sophisticated team-based card counting operations, combining basic strategy with advanced counting techniques and betting strategies to generate substantial profits.