During the weekend of 22-23 February 2014, the Grand Casino in Biloxi held their "$50,000 Double Take Blackjack Tournament". Entry fee was $30 for one tournament or $50 for both. I received complimentary entries for both days. The blackjack tournament consisted of 5 preliminary rounds, 1 semi-final round, 1 second "chance round", and 1 final round. A pit area on the casino floor was set up with 6 blackjack tables. Each table seated 5 players. Players started each round with 2,500 in chips, the minimum bet was 100, the maximum bet was 5,000, and each round lasted 15 hands. Both days of the tournament were sold out, so the preliminary rounds contained 150 players and the second chance rounds contained 30 players. In the preliminary the top 30 players with the highest chip count after 15 hands advanced into the semi-final round, so players were competing against not just the other players at their table but all 149 other players in the 5 preliminary rounds. In the semi-final round the player who won their individual table of 6 players advanced into the final round. This was how tournament blackjack is suppose to be played in that you only compete against players at your table. This allows you to keep tabs on their chip stacks and play against the same dealer, so bet-sizing and position are key elements. After the 6 semi-finalists were determined the casino held a "second chance" qualifying round where players could pay an additional entry fee and compete against each other where the top 4 players advanced directly to the finals. The final round consisted of 2 tables of 5 players. As with the preliminary round, these 10 players were competing against the field and not just the other players at their table. The player with the most chips would win 1st place, second in chips took home 2nd place, etc. Alternately, the first player to bust out came in 10th place and so on. The prize pool for each of the $25,000 tournaments consisted of $15,000 in cash and 10,000 in promotional chips for a total prize pool of $50,000. If the same player won both the Saturday and Sunday tournament they also won a 2014 Camaro convertible which had a sticker price of just over $47,000. I registered Friday evening and received my table and seat assignments for the Saturday and Sunday tournaments. The first of the 5 preliminary rounds started at 11am with the next round starting the following hour. I would be playing at noon both days. Prior to coming to Biloxi I searched the Internet for information on playing in blackjack tournaments and found a useful strategy guide written by Ken Smith. I printed out the 11-page guide and looked it over before leaving. I studied it Friday night and again Saturday morning before play began. My Blackjack Tournament Strategy Guide Saturday On Saturday I arrived at the tournament area before 11am to see how things worked. I could see that there were several small groups of blackjack tournament regulars milling about and discussing the tournament structure. They seemed to agree that if you could finish the preliminary round with 5,000 chips, basically doubling your starting stack, that it would be enough to get you into the top 30 and advance into the semi-finals. Some tables I watched saw players betting big and either running up big stacks or busting out well before the 15th hand was dealt. On average only 2-3 players per table would survive all 15 hands with chips, while the others busted out early. It really all depended on how the dealer ran. A hot dealer would bust most of the table and leave the remaining players with few chips while a dealer who busted most of their hands found the players sitting with 10,000 to 20,000 in chips. When play began at my table I bet low, only 100 or 200 chips, until I felt that the count was in my favor. I was doing well and my starting stack of 2,500 grew slowly. The turning point in that round was when I stepped out and bet 800. I was dealt 6-6 against a dealer 5. I split sixes and received another 6. I split that, stood on 2 of the hands and doubled down on the third. The dealer busted and I won 3,200 on that hand which boosted my stack above 6,500. I finished out the round by min-betting each hand and after 15 hands finished with 6,500. After the 1pm, 2pm, and 3pm preliminary rounds were complete the top 30 players were announced with the 30th place player having 4,200 chips. My 6,500 chips earned me 13th place, well within the top 30, and a seat in the 4pm semi-final round. The semi-finals were where you had to beat the players at just your table, so tournament strategy was key. Perhaps only one other player at my table was aware of this. By the 15th hand two players had busted out and we were 3-handed. I had position, meaning that I bet last and played my hand last. Player 1 had 600 chip, Player 2 had 2,000 chips, and I had 2,650 chips. Both players bet their whole stack. In blackjack tournament terms, which I just learned in the past 24 hours, I can have both the "high" and "low" with a bet of 2,000. The "high" means if all players win I take the lead. The "low" means that if all players bust I have the lead. Since we're all playing against the same dealer players at the table usually have the same result. I could still lose, but only if I lost and one of the other two players won the hand. This is a great position to be in, and I had to play my stack accordingly to end up in this position on hand 15. I don't recall what Player 1 had, but he had to hit and busted. Player 2 was dealt 10-8 and I was dealt 5-4. The dealer showed a 6. I'm in great shape. Player 2 stands. I hit and get an 8 for a total of 17. Not great. I can only lose if the dealer makes 18. She flips up a 9 for a total of 15 then busts. I advance into the finals and am guaranteed a spot in the money. The 5pm second chance round is sold out. All 30 players battle it out for the final 4 spots in the finals. At 6pm the 10 of us take our seats. Again, I play conservatively and last until hand 15. As with my previous table, only 3 of us remain. There are also 3 players left on the other table. Play is halted until both tables are ready to play hand 15. As with my semi-final round I have both position and the chip lead on the final hand. The short stack bets all 1,100 of his chips. Player 2 has 1,800 and decides to bet 1,700 -- holding back 100 incase everyone busts. I have 3,250, so he can still catch me, but I'll have the high and low. In retrospect I make a betting mistake and end up betting 1,825 with 1,325 behind. I could have gotten the high by betting fewer chips and saving more incase I busted and a player from the other table had more than 1,325 chips left. The dealer shows an ace, which is a beautiful card for me. I have the low and want the table to bust. I forget what the short stack did, but he stood pat. Player 2 uses his remaining 100 chip to take insurance. I don't take insurance. The dealer looks and doesn't have blackjack. Player 2 has K-8 and stands. I have 6-2 and hit. The dealer gives me a deuce for a total of 10. I hit again and get the ace of spades, the prettiest card in the deck. The dealer ended up busting. The other table finished play and the team of hosts, tournament directors, and staff are busy counting our chips. I ask the special events host if I have enough for 1st place, she said she didn't know, but her smile gave her away. The dealer busted 2 of the remaining 3 players at the other table and the surviving player at that table only had 1,100 in chips. I won the tournament and $15,000 cash (less the 3% Mississippi withheld for taxes). I’m escorted into a back office for the payout where I provide my tax information. Since they're going to issue me a 1099 anyway, I opted for a check. While they’re finalizing all of the paperwork I call Kenny Taylor (a.k.a. ”Big Daddy” ), the executive host that I’ve met several times before. I tell him I won their inaugural blackjack tournament and ask if he can hook us up with a comp for dinner. “No problem. Congrats! And tell your dad I said hi.” is his response. I head to the elevators and up to our floor. As I’m walking down the hallway to the room, I spot Cynthia walking towards me. “How did you do?” “Good.” “Which place did you finish?” “First.” “So you won $15,000?!?!” “Yup.” Sunday Sunday starts out pretty much the same as Saturday. My preliminary round begins at noon. On hand 5 I bet 800 and again am dealt 6-6 against a dealer 3 this time. I split and get another 6. Déjà vu. I split again and double on one of the 3 hands. The dealer busts and I have about 6,300 chips. Most people think today's line will be higher as more players will play aggressively, but I disagree and think that 5,000 is still a good line. With only 10 hands to go I just min-bet and end the round with 6,900. The line is in fact 5,000 and 4 players tie with 5,000 for the 30th spot. They have a 4-player elimination round and my 6,900 puts me in 11th place and into the semi-finals. In the hour before my round and in the 3 hours waiting for the semi-finals to start, players and staff are congratulating me and wishing me luck. It's still a long way to go, but the staff is a little nervous. At 4pm the semi-finals begin. I feel I have an edge here as we're only playing against the table and bet sizing and position aren't understood by everyone. I'm in Seat 3, but the guy in Seat 1 clearly understands tournament play as well. He's eyeing my chips; margining my bet when he's ahead. I'm trying to take the lead against him and vice versa. By the 15th hand 2 players have busted and the 3rd has too few chips to contend for the table. It's just me and the guy in Seat 1. On hand 13 I took the lead and held it through hand 14. Now I sit with 7,250 and he's got 7,000. This time he's in position, so I can't take both the high and the low. Taking the low is always the best play, after all, busting players is what built the casinos in the first place. I bet 225. He knows what I'm doing and bets 500. If we both lose, I win. If we both win, he wins. I'm dealt AA. Player 1 is dealt K3. The dealer shows a Q. I have to act first. If I split the aces and lose, I still have the low by a single 25 chip. If I make blackjacks it'll force him to double down to take the high. I spilt, getting one card on each. I get a 3 for 14 and another ace. I can't do anything about the 14. My decision is whether to split the aces again and give up the low. I think a long time and stand pat with 12. Now, if we both win I'll have 7,700 and he'll have 7,500. I captured the high and the low! Now it's his turn. He needs to either double down on his 13 if he thinks the dealer will bust, or hope he wins and I lose. He decides to hit and the dealer gives him a 9. He busts. The dealer shows a 7 for 17 and beats me. Since I had the low I end the round with 6,800 to his 6,500. I've got a seat in the finals and a 1-in-10 chance of winning the car and another $15,000. I watch the 5pm second chance round play out. It's got lots of very aggressive players straining to check out chip totals at the remaining tables. In the meantime I ask the special events person what options I have if I win the car. She says that I can either take the car or the casino will give me $30,000. With a $47,000 sticker price that's very low. In poker tournaments, final table deals are common. The challenge now is to work out a deal that I can sell to the other 9 finalists which they will agree to. I figure their equity is $1,500 cash plus 1,000 in promo chips, less the taxes. Perhaps a more attractive offer is $1,600 plus 1,110 in promo chips for a value of $2,155. They'd have to come in 1st place to do better that is since 2nd place only has a cash value of $1,500. I discuss it with one of the players, but he claims he's not interested. I ask another player if he's interested. This guy understand his equity and knows I'm giving him more than his expected value. He says, and loudly so, that anyone would be a fool to turn it down. I tell him he's got to convince the other 8 guys. The staff hears us and interrupts to say that we cannot make a deal -- even away from the tables! That ends the discussion. Play begins with all eyes on me. I'm in Seat 4 and can tell that the guys in Seats 1 and 5 know how to play tournament blackjack. My problem is that they BOTH have position on me. I make a 1,200 bet after about 7 hands, double down, and win. I'm min-betting most of the time and the dealer continues to crush the table. One player is already gone from our table. By hand 13 I have 2,400 and the guy on my left has just over 4,500. I need to make a move now in order to have chips for the last hand. The other table still has all 5 players, meaning that their dealer hasn't busted anyone yet, so they must have bigger stacks than our table. Playing against another table where we can't see their chip stacks is odd. Seat 5 on our table complains that this is not how a final round should be played, and the floorperson even agrees, saying that it's their first time running a blackjack tournament. I push all-in for 2,400 and every casino employee in the pit, and there are about 6 of them, is watching. The dealer gives me 8-6 for 14 against a dealer 8. The book says I should hit, but the book's for cash games, not tournament play. I stand pat. The dealer shows a 10 for 18 and I'm out in 9th place. I pick up the 500 in promo chips and wonder what I might have done differently as I make the walk back to the room. It was a great weekend. We even picked up a Cuisinart rice cooker from the Players Club desk when we arrived.