Lucky Devils: The True Story of Three Rebel Gamblers Who Beat the Odds and Changed the Game

by Kit Chellel

The secret history of a trio of gamblers who used homemade technology and their own ingenuity to outplay the house, raking in hundreds of millions of dollars and transforming the way games are played.

In the late 1970s, three men declared war on the casino. They arrived in Las Vegas just as the personal computer was beginning its boom. If the power of computers could be applied to gambling, they reasoned, a player could make a mint. There was only one How do you smuggle a computer, typically, the size of a suitcase, onto a casino floor without getting noticed?

Using cutting-edge strategies and technology that was decades ahead of its time, they did just that. They became pioneers of what’s known as advantage playing, applying their intellects and creativity to everything from poker and blackjack to horseracing and roulette. For more than thirty years they faced down angry pit bosses, violent Mafiosos, bankruptcies, nights in foreign jails, lawsuits, and personal betrayals. They learned that the only thing harder than reaching the pinnacle of gambling achievement was staying there.

Drawing from exclusive interviews with all three players and their associates, award-winning Bloomberg journalist Kit Chellel delivers a cinematic and often uproarious account of fortunes gained, lost, and gained again. Scrupulously reported and irresistibly told, Lucky Devils reveals how these players did more than simply amass wealth; they revolutionized the game itself.

They gave the lie to the old adage—the house doesn’t always win.

Genres: Nonfiction, History

288 pages, Hardcover

Expected publication April 14, 2026

Reviews

[Bernie Gourley · Rating 5 out of 5]

This book provides a fascinating look at the field of "advantage gambling" from the 1970's through the 1990's / early 2000's. Advantage gambling is the use of applied mathematics and computing to snatch up part of the advantage in odds that normally accrues to "the house" (i.e. the casino / gambling establishment) to make gambling not so much a sucker's game. Card counting is a specific variety of this undertaking. This story is largely told through the life stories of three prominent advantage gamblers, Bill Benter, Bill Nelson, and Rob Reitzen. While the book starts with card counting in blackjack, it broadens beyond that -- and even beyond the casino -- into horse races and online poker.

As one reads about the activities of these gamblers, one also learns about intriguing, related subjects such as the mafia's hand in Vegas, the development of computing technology (as it applied to gaining advantage,) and even how a younger Trump managed the challenging task of losing money through casino ownership.

If you're interested in how smart people have tried to beat the house, and the risks that that entails, I'd highly recommend this book. I found the book compelling from start to finish.

[M. · Rating 5 out of 5]

Ir was a good read.