Petersburg Paradox. In a remarkable career, Edward O. But for nearly everyone it stays as a dream – mainly because we don’t have the. Thorp (@edwardothorp), author of the bestseller Beat the Dealer, which transformed the game of blackjack. (Born Aug 14, 1932) Author of the classic and best selling blackjack book Beat the Dealer and developer of several blackjack counting systems. Early Years. Vintage Books, Revised Edition, 1966. he also tried his hand at blackjack, or 21, using a strategy he had come across that increased the odds of winning against the casino to almost even. Blackjack. Reception. . In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a bet. The author initiated the practical application of the Kelly criterion by using it for card counting in blackjack. doubling down. The father of card counting details his revolutionary point system that gives blackjack players the edge they need to win. Edward Thorp (Baccarat, Blackjack) Edward Thorp net worth: $800 million. Coin tossing 388 3. Edward O. M, Max Rubin. Toggle the table of contents. Along the way, he was drugged, threatened, and cheated by casino bosses who initially mocked his published methods. Thorp authored several books about. Q. give the blackjack player an advantage, pro- vided that the cards are well shuf- fled and that the game is honest. The World Championship Of Blackjack. The casinos must have been torn. Thorp, a slightly built, soft-spoken MIT mathematician with glasses, good manners and an interest in gambling. Edward Thorp - Blackjack Player Author of Beat the Dealer - Ed Thorp Edward O Thorp - Inventor of Card Counting in Blackjack. Subscribe to newsletters Subscribe: $29. Then he changed the way Wall Street thinks about investing. Less well known his his 1967 book, Beat the Market (with Sheen Kassouf). and M. Gift of Edward O. From blackjack and roulette, where he helped develop the first wearable computer, Thorp moved on to the “big casino” — that is, Wall Street. The book contained mathematical proof that you could do the seemingly impossible: beat the house at blackjack by counting cards. A New York Times bestseller. The man behind the name, "Fortune's Formula," is a living legend: Edward O. The trio played blackjack all over the world on. Thorp uses it to gamble on blackjack and then to invest in the stock market. Along with innovative applications of probability theory, Thorp is also The New York Times bestselling author of “Beat the Dealer,” the first book to mathematically prove that the. He also backed up his theories by playing in the casinos and winning. Petersburg Paradox. Edward O. Quả là một con số kinh khủng! Nếu Edward Thorp chỉ tập trung chơi bài Blackjack thì 1 năm cũng kiếm được chừng 400. Thorp began his gambling career while he was a professor at MIT. D. Khắp mọi sòng bạc Edward Thorp lui tới, ông đều tìm thấy điểm bị chơi khăm, bị cấm chơi, hoặc người chia bài xáo bài sau mỗi lượt chơi. 8 External links. ThorpThorp beat the casinos at Blackjack and Roulette, set up the first market neutral hedge fund, Princeton Newport Partners, and pioneered strategies like convertible arbitrage. In blackjack, players want to see low-value cards leave the shoe and high-value cards remain in. Edward Thorp - Blackjack Player Author of Beat the Dealer - Ed Thorp Edward O Thorp - Inventor of Card Counting in Blackjack. In 1962, Ed Thorp became every gambler's favorite mathematician when he published the first mathematically proven method for beating the dealer at blackjack. Bouchaud. 4 (109 ratings) Try for $0. cards is an invaluable asset in the detection of cheating because aIt's tempting to think of Edward Thorp,. He also was the co-inventor of the first. The casino usually has a 0. Kassouf, influenced securities markets around the globe. Thorp. in- surance. Blackjack – Beating The Klondikes Free Ride Blackjack Systems Does Basic Strategy Have The Same Expectation For Each Round End Positions In Backgammon. In. Anyone with a basic knowledge of blackjack’s illustrious history has heard of Edward O. Edward O. Although he doesn’t fit the theme of a sports bettor, it would be rude not to in. In 1962 Thorp published Beat The Dealer after proving his system of card counting gave blackjack players an advantage over the house. Edward O. Edward Thorp was born August 14, 1932 in Chicago. The probability of reaching a fixed goal on or before n. In A Man for All Markets (Random House, 2017), he reflects on his life and the power of thinking differently—and deeply. o. Brought to you by Wealthfront automated investing Athletic Greens all-in-one nutritional supplement casino industry certainly viewed Thorp as an outlaw after his book “Beat the Dealer” appeared in 1962. Thorp’s specialty is Blackjack. Edward Thorp đã đi tiên phong trong các ứng dụng hiện đại của lý thuyết xác suất, bao gồm việc khai thác các mối tương quan rất nhỏ. Living on a teaching assistant’s stipend from UCLA and following a cheap. He published the strategy in. pp. More advancedEd Thorp. Les Golden, the celebrated blackjack, roulette, and craps columnist for Bluff Europe, Gambling. The House Take In The Options Market A Proposition Bet With Dice. He also backed up his theories by playing in the casinos and winning. His father was a veteran of World War I, and the senior Thorp had met his future. he was the first known card counter, or at least the first one to go public. netcom. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. This family of card games also includes the European games vingt-et-un and pontoon, and the Russian. Edward O. DP on VP. 1% returns for nearly twenty years. Chapter 9 THE KELLY CRITERION IN BLACKJACK SPORTS BETTING, AND THE STOCK MARKET* EDWARD O. In 1962. He also was the co-inventor of the. The focus of the conversations varies with each interviewee. doubling down. 14. Episode #39: Ed Thorp, Hedge Fund Manager, Author, & Professor, “If You Bet Too Much, You’ll Almost Certainly Be Ruined” Guest: Ed Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Beat the Dealer by Edward O Thorp (pp. (Brent Lewin/Bloomberg via Getty Images) Ed Thorp was the first 'quant', the. 4. 240) Written in 1966, this is THE original gambling book. M. Army engineers who first discovered in the 1950s the best playing strategy in the casino game of Blackjack that can be formulated on the basis of the player's and the dealer's cards. 7 Sources. Legendary quantitative thinker and blackjack whiz Ed Thorp answers questions about his new book, a memoir of beating Las Vegas and Wall Street. From a very young age, Ed Thorp has been driven by a natural curiosity that pushes him to embrace challenges and investigate complex ideas. His subsequent book, Beat the Market , coauthored with Sheen T. Random House, 1962. A croupier deals a card on a blackjack table at a Gaming Partners International Corp. He was the author of Beat the Dealer, a book which demonstrated that the mathematical. Description. Blackjack likely originated in 18th-century France, when it was called vingt-et-un which translates to "21. Edward O. C. From Las Vegas to Monte Carlo, the tables have been turned and the house no longer has the advantage at blackjack. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. Ed Thorp is a mathematician, former professor, hedge fund manager, book writer, and blackjack researcher. That man was Julian. Anything by Arnold Snyder is a good starting point for most novice players. New York Times Bestseller В Edward O. Published in 1962, this book showed that card counting could be used to overcome the house advantage in blackjack. As a partial thank you, Max told Thorp that he could invite his entire family to this year’s Blackjack Ball if he wanted, totally. The values for the Thorp Ten Count can be seen in the table. Basic strategy. Like most "ten-count" card counting systems, Thorp's Ten Count tracks the ratio of high cards to low cards in the deck by assigning each card a numeric value, which is then counted as each card is seen. His subsequent book, Beat the Market, coauthored with Sheen T. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. Two years earlier, Thorp's book, Beat the Dealer, was published, explaining the system for winning at blackjack he developed based on the mathematical theory of probability. com. Edward Oakley Thorp ( Chicago, 14 de agosto de 1932) é um matemático, gerente de fundo de cobertura e jogador de blackjack estadunidense . Processing History Processed by Sarah Glover, 2018. Thorp asked himself: what is the best betting strategy when the odds are in your favour? Imagine there is a bet where the chance of winning is 55 percent. $0. 240) Written in 1966, this is THE original gambling book. Thorp arious counting SYS. The system worked so well that Las Vegas casinos actually changed the rules of blackjack to give the dealer an added advantage. I quote from Scarne's New Complete Guide to Gambling (pg. As Nassim Nicholas Taleb points out in the foreward to A Man For All Markets, Edward Thorp has written a book that, at times, reads more like a James Bond thriller than the memoir of a mathematician who ventured outside his academic field to beat casinos, both in Las Vegas and on Wall Street. ting, and surrender, and (2) because DECEMBER. Thorp is 88 years old and he already developed card counting techniques back in 1961, when there were no good computers to rely on, impressive isn’t it?. Edward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the 1967 Beat the Market, which showed how warrant option markets could be priced and beaten. Ed Thorp was the first person to systematically beat casinos at blackjack. He later met with Massar. The Love Boat ll. Ed Thorp is one of the fathers of blackjack card counting. But Edward Thorpe lacked the funds to go gambling on such a large and serious level. Ed Thorp Blackjack Paper, Prague Poker, 888 Poker Withdrawal Time Uk, Ram Slot 2 Not Working, Grand Luxe Casino Instant Play, Monopoly Slots 2 2 1 Mod Apk, Kudap PokerEdward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the 1967 Beat the Market, which showed how warrant option markets could be priced and beaten. Curtain opens on a windowless room full of heavyset men in suits thick with Jersey accents and hair grease standing over a boardroom table, wringing their hands over this changing of the tide. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Thorp and Mickey MacDougall tangram. -P. Edward Thorp was the first one who explained the concept of card counting to average players in 1962. Thorp, mathematics genius and author of Beat the Dealer, wrote the first book to outline card counting for improving odds when playing blackjack. practical application of the Kelly criterion by using it for card counting in blackjack. Edward Thorp. Ed Thorp’s Hedge Fund Journey. The mathematician, Edward Thorp, described how to figure out the sequence of the cards and how to bet accordingly. We will present some useful formulas and methods to. The amazing career of Ed Thorp -- which has included creating a system to beat the house in blackjack, uncovering the Bernie Madoff scam 17 years before it was made public and racking up eye-popping returns at his hedge funds while avoiding the risk that killed others -- is detailed in a great new book by Wall Street Journal reporter Scott. Collage of Edward O. For example, the Ed Thorp interview, which is the longest, is almost worthy of a book in itself. Although he doesn’t fit the theme of a sports bettor, it would be rude not to in. Thorp of GambEing Blackjack With a Tenless Deck wrong standing numbers. Thorp and Associates, Newport Beach, CA 92660, USA Contents Abstract 2 Keywords 2 1. Edward Thorp didn’t just start playing real money blackjack at a time when the game was vulnerable. 10—10, J— A—I. ) Blackjack Hall of Fame. Blackjack Edward Thorp, the aforementioned thoughtful professor, shakes up the world of gambling with a system to beat a great card game. In 1962. The book is important because it's the first published book about how to count cards in blackjack, five years before the famous Beat the Dealer by Ed Thorp. Thorp was published in the mid-1960s, but it’s surprisingly still applicable to readers today. Thorp’s father was a strong proponent of education, and he worked hard to. Shannon asked if he had any other ideas, and leapt with excitement at Thorp’s ideas on roulette. 00. His remarkable success—and mathematically unassailable method—caused such an uproar that the casinos. October 14, 2022 by Jon. The man was Edward O. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. July 22, 2017. 2nd ed. There is a claim, somewhat commonly made in gambling circles, that Ed Thorp’s “Beat the Dealer” was actually a net positive for casinos. Edward Thorp. Next time you find yourself at a live blackjack table, adding and subtracting ones as you count your way through a shoe of cards, and, hopefully make a bit of money in the process, take a moment between hands to thank Edward O. Reception. Author of Beat the Dealer, Edward Oakley Thorp was born in August 1932. Up until that point it was believed that it was impossible to legally beat. Edward Thorp — a mathematics professor, inventor,. Edward Oakley Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player. The authors had developed their strategy for a complete randomly shuffled deck. The Story of Edward O. Edward Thorp. Thorp became interested in blackjack after reading a paper that provided a way to play the. Math has never been cooler than in the presence of Ed Thorp. Having overcome the odds in Blackjack, a year later Dr Thorp and Claude Shannon, built the world's first wearable computer to beat Roulette. About the Author See all Eliot Jacobson Ph. Ken Uston. Thorp. The authors had developed their strategy for a complete randomly shuffled deck. The Mathematics of Gambling. His second fund, which he ran from August 1992 to September 2002, performed just as well with an annualized return of 18. Thorp’s specialty is Blackjack. The Blackjack Revolution . Brought to you by Wealthfront automated investing Athletic Greens all-in-one nutritional supplement The casino industry certainly viewed Thorp as an outlaw after his book “Beat the Dealer” appeared in 1962. Legendary quantitative thinker and blackjack whiz Ed Thorp answers questions about his new book, a memoir of beating Las Vegas and Wall Street. 1% returns for nearly twenty years. in mathematics from UCLA. Thorp is another important contributor to the game of blackjack. Ed Thorp started his career teaching math at MIT. 109: Edward Thorp – The Man Who Beat the Dealer, and Later, Beat the Market. 9. The series includes his writings and research for magazines such as Gambling Times, Blackjack Forum, Winning, and Wilmott; his autobiography A Man for All Markets. Position sizing. Edward Thorp is an American mathematics professor, author, hedge fund manager and blackjack player who has a net worth of $800 million dollars. Many of us dream of that elusive casino win, the in which we beat all the odds and, hopefully, break the bank in the process. Authored "Beat the Dealer" (1962), explaining the system for winning at blackjack he developed based on the mathematical theory of probability. Position sizing. Share to Linkedin. From his groundbreaking insights into card counting and probability in blackjack to his innovative trading techniques, Thorp’s contributions have revolutionized both the gambling and trading worlds. Recently he made a nice donation to the Blackjack Ball, which ensures the continuance of the ball even after it’s founder, Max Rubin, passes away. The final operating version was tested in Shannon’s basement home lab in June of 1961. Thorp and Associates. Known as “the father of card counting”, Edward Thorp invented the original system and later used it in real-world. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by… More about Edward O. In it, Schlesinger answers virtually all of the thorny mathematical questions that have puzzled serious players for optimal betting,. He received his bachelor's degree in physics from the University of California, Los Angeles (UCLA) in 1953, followed by a master's degree in 1955. He became famous when he wrote the book Beat The Dealer, in which he documented a rational way of betting to beat the casinos in blackjack. Ed Thorp, author of Beat the Dealer and Beat the Market, about winning at blackjack and winning in the stock market, takes a very straightforward approach to writing about his life and it works well. Ed Thorp used Braun’s programs as did both Lawrence Revere and Lance Humble. Thorp. Kassouf, influenced securities markets around the globe. He was the first to publish both a basic strategy to a wide audience, to get the odds almost break even, and how to beat the game by card counting. Years. According to the book, which was published several weeks ago, Edward Thorp, a well-known quantitative trader and world class blackjack player (author of "Beat the Dealer," on how to count cards. Optimal growth: Kelly criterion formulas for practitioners 8 3. Thanks for the Pdf link. Prime member exclusive: pick 2 free titles with trial. Learn more about his life and achievements in this comprehensive checklist of his publications, awards, and honors, compiled by the UCI Libraries. 1 Before he shut down PNP, he was basically turning it into the first multi-strategy hedge fund (and later invested in the most prominent one, Citadel). I. Utah State University DigitalCommons@USU All Graduate Plan B and other Reports Graduate Studies 5-2014 The Expected Value of an Advantage Blackjack playerEd Thorp is a brilliant guy who used math to beat the casinos at blackjack, roulette, and other games. This book stands out among other books of its kind, as it was. Edward O. Edward O. As a mathematics professor with a master’s degree in physics and a doctorate degree in mathematics, Thorp had above-average intellect. ”. Meet mastermind Edward Thorp, the genius who turned his blackjack prowess into a stock market goldmine. From Mathematician to Vegas’ Worst Nightmare. Thorp, who has in a book proven how to win a blackjack game by counting cards, says investors should try to gain a statically generated advantage or "edge". A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by card counting. +4 to A-9; and -9 to the face cards. Ed Thorp. Welcome to video 6 in our series of People Who Got Rich from Sports Betting. Using his. "Another games player who switched to finance early was Ed Thorp, the mathematics professor who invented blackjack card counting. Edward O. After years of success in casino games, Thorp became one of the richest. He has supplied the first quantitative evi dence that I know of, and it strong- ly supports his estimate of about —30%. Recently he made a nice donation to the Blackjack Ball, which ensures the continuance of the ball even after it’s founder, Max Rubin, passes away. Beat The Dealer: A Winning Strategy for the Game Of 21. We will present some useful formulas and methods to. Scherman on January 13, 1964 p1-3 of SI Vault (beta)(CNN) Quotes: The unlikely trio was soon on their way to Reno and Lake Tahoe,. Edward Thorp is the bestselling author of Beat the Dealer. The story went viral. Ask any blackjack player who the godfather of card counting is and they will likely tell you it is Edward O. Lasky reviewed the game for Computer Gaming World, and stated that "It is singularly one of the best casino game/tutorials available today. In fact, whereas. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. About Edward O. Edward Thorp (Blackjack) Edward Thorp is a maths professor, fund manager and famous gambler. ?? He meets John Kelly, Jr. Pick 1 audiobook a month from. But the blackjack strategy guide wasn’t created by Edward Thorp alone, although the foundation of “the book” was based largely on his work. If you have $2000 in liquidity or capital at the blackjack table for example, you can’t bet more than $20 a time or else volatility or negative fluctuations can wipe you out and ruin the player edge from. Thorp's work revolutionized the game. 91 by Edward O. It uses decks of 52 cards and descends from a global family of casino banking games known as "twenty-one". To some, he is one of the greatest minds in blackjack and has made significant contributions to it. Thorp to a real blackjack game in a casino. Thorp is a legend in both the gaming and the quant worlds. Renowned probability theorist Edward O. He’s the man who beat the dealer, and later, beat the market. Aug 1, 2005 9:06pm. St. As a result, he’s commonly referred to as the godfather of card counting. This series documents Thorp's writing and research related to gambling, game theory, mathematical finance, functional analysis, probability and statistics, and other various topics. Edward O. There was a man (I don't think it was Thorp) who was on the original I've Got a Secret a few years earlier, whose secret was that he had developed a method for winning at blackjack - i. The exhibit highlighted the extraordinarily diverse life and career of Edward O. Edward O. He would go on trips with his friend Claude Shannon and Claude's wife Betty on the weekend to Las Vegas. e. The so-called Basic Strategy, which was subsequently refined through the use of. Please enjoy this transcript of my interview with Edward O. Beat the Dealer by Edward O Thorp (pp. Reprinted countless times, Thorp's Blackjack Basic Strategy chart is a useful tool for knowing when to hit, stand, split, or double down. Fixed-fraction betting. Thorp, American mathematics professor, hedge fund manager, blackjack player, and founding faculty member at the University of California, Irvine. How the Kelly criterion strikes a balance between maximizing return when the probabilities lie in the investor's favor, and avoiding loss when they do not. His subsequent book, Beat the Market, co-authored with Sheen T. Edward Thorp, in his 1962 book Beat the Dealer, describes a simple strategy that makes blackjack an almost even game: if the dealer’s up card is 2 to 6, play never bust; if it is 7 to ace, mimic the dealer. After he published a book in 1962 revealing how to. Beat the Dealer would go on to sell over one million copies and profoundly change the casino industry. Can markets be beaten? James Simons, Ed Thorp, J. Thorp , 87, had counted on $8. Edward O. . Casino Hustlers: Ed Thorp, the Man Who Beat the Double-Edged Houses of Las Vegas and Wall Street. Edward Thorp, The Black-Scholes Model, & The Nobel Prize. In this article, I’ll unveil the top 15 Thorp quotes that capture his winning investment philosophy. Source: 'Blackjack Attack,' third edition by Don Schlesinger. Meet mastermind Edward Thorp, the genius who turned his blackjack prowess into a stock market goldmine. The book had a small print run and offered sixteen recommended strategy adjustments based on which cards had been. What is Edward Thorp’s age? Edward Thorp is 90 years old as of 2023. The seminal book that changed blackjack forever. 1962. “The first thing people who have control do is tilt the playing field. From there, he devised a system, tested it in real life scenario, and wrote the bestseller. The combined strategy. Ross, having read Ed Thorp's book on winning at blackjack, winds up parlaying the Kimmels' chain of Manhattan parking lots into bigger and bigger things, until they finally become, incredibly. The text was based on Thorp’s original research that stemmed from his curiosity about the game of 21, and was billed as a “how to book” for the lay person to beat the casinos at blackjack. Edward O. Thorp here: | Brought to you by Wealthfront automated investing (. Was Edward Thorp a member of the MIT Blackjack Team? No, Edward Thorp was not a member of the MIT Blackjack Team. Blackjack For a general discussion of blackjack, see Thorp. How Ed Thorp became the man who beat the casinos: A studying of numbers and the probabilities led to one gambler beating the odds. About Edward O. It recounts the complex journey of one of finance’s most interesting characters from skeptical academic to blackjack card counter and finally to successful speculator. His Principal Newport Partners (PNP) hedge fund outperformed the S&P500, on a gross basis, by about 9% per annum. Edward O. Today, with hundreds of Blackjack programs available for home computers, few players realize that back in the 1960s, only one man knew how to analyze Blackjack on computers and he was writing cumbersome FORTRAN programs for IBM mainframes. Thorp was born in Chicago, Illinois on August 14, 1932. Ed Thorp, author of Beat the Dealer and Beat the Market, about winning at blackjack and winning in the stock market, takes a very straightforward approach to writing about his life and it works well. Meet Edward Thorp Math professor, inventor, best-selling author, hedge-fund manager, gambler. Ông dành thời gian đến các sòng bạc tại phố Wall để chinh phục những điều mới lạ với thách thức lớn hơn. Edward Thorp – $800 Million. Synopsis. “It would be hard to understate the impact Ed Thorp had on the game of blackjack. As Edward O. Sin City’s local newspaper, The Las Vegas Sun, retaliated with a story attempting to debunk card counting. Ed Thorp used math to become the first person to beat the casinos at blackjack. Dan Paymar. Thorp is best known for writing the original card counting manual Beat the Dealer, which was first published in 1962, and for his research on probability theory applied to blackjack. Dr Ed Thorp, born in 1932, tells his incredible life story 1. Dr. As a UCI founding professor of mathematics, best-selling author, hedge fund manager and. After reading a paper about the optimal betting size by Bell Labs researcher J. Edward O. Edward Oakley "Ed" Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player best known as the "father of the wearable computer" after inventing the world's first wearable computer in 1961. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. o. This was before he wrote his book "Beat the Dealer" in 1962. His subsequent book, Beat the Market, coauthored. Continue reading "The Tim Ferriss Show. And simply stated, it changed everything in casino gaming. We will present some useful formulas and methods to answer various natural questions about it that arise in blackjack and other gambling games. As a pioneer in modern applications of probability theory, Edward was one of the first to harness small correlations for reliable financial gain. Thorp is 88 years old and he already developed card counting techniques back in 1961, when there were no good computers to rely on, impressive isn’t it?. The book ultimately sold over 700,000 copies and is still considered to be the first manual of. Today, I’d like to focus on Edward Thorp and his autobiography, A Man For All Markets. Beat the Dealer: A Winning Strategy for the Game of Twenty One. Quote. Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. Fortune's Formula. Thorp brought the phenomenon of card counting to light when his book was released in 1962, selling over 700,000 copies and making it onto the New. Kassouf, influenced securities markets around the globe. he also tried his hand at blackjack, or 21, using a strategy he had come across that increased the odds of winning against the casino to almost even. Trong cuốn sách của mình Edward Thorp có chia sẻ rằng, nếu ông chỉ tập trung chơi bài Blackjack thì một năm cũng kiếm được chừng 400. For the unfamiliar, Thorp was one very successful investor, blackjack player and mathematician. University of California, Massachusetts Institute of Technology) Edward O. Thorp's Real Blackjack is a game in which Edward O. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Thorpe, however, through his tireless research and rigorous mathematical statistical reasoning, has come to the conclusion that players can beat the makers in some games such as blackjack. Edward Oakley Thorp is widely regarded as the creator of card counting, a popular gambling technique in which players keep track of which cards have been played and which cards are still in the deck. There are also many web sites that describe card counting systems and provide software with which to practice. Beat the Dealer - blackjack book which had been written by Edward Thorp and has sold more than 1,000,000 copies so far. Edward Thorp succeeded in writing one of the New York Times’ best-selling books, Beat the Dealer, and he supported his claim that chance has no bearing on blackjack in this instance. And Edward O.