Not to be confused with actor of the same name, Don Johnson is a professional blackjack player best known for winning over $15 million from three Atlantic City casinos – namely Borgata, Caesars Atlantic City and Tropicana Atlantic City – in 2011. Johnson did so not by card counting, but by negotiating changes to standard casino blackjack rules which, collectively, provided him with an effective edge of around 0.26% over the house. Among the changes he negotiated was a loss rebate of 20% every time he lost $500,000 or more; critically, the loss rebate was reset every day, with no minimum play requirement.
By playing the ‘perfect’ game, under already advantageous conditions, Johnson won $5 million at Borgata and $4 million at Caesars Atlantic City, which subsequently banned him, before continuing his winning streak at Tropicana Atlantic City. In a twelve-hour stint at Tropicana Atlantic City, Johnson won nearly $6 million, including $800,000 in a single hand. Having bet the table maximum wager of $100,000, he was dealt two eights, which he split, only to be dealt two more eights, which he split again. By now playing four hands, at $100,000 apiece, Johnson received a series of favourable cards, allowing him to double down on each hand and thereby increase his total bet to $800,000. The dealer duly bust, so Johnson won all four hands. Unsurprisingly, the loss of nearly $6 million in a single session devastated monthly revenue at Tropicana Atlantic City, such that, like Borgata, the casino quickly rescinded the favourable playing conditions and table limit.