Thorp’s system titled the stakes, giving players about a 2% edge over the house. He also was the co-inventor of the first. ET/PT) In 1961, when Las Vegas was under heavy mafia influence, a young MIT math professor devised a revolutionary and completely legal card-counting scheme that had the potential to make him a fortune. Edward O. bride after returning home from combat. ) Blackjack Hall of Fame. Indeed, Ed Thorp himself had developed the original system whilst at MIT, using one of the most powerful computers in the world at that time. We owe everything to the card counters who came before us, beginning with Ed Thorp. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. Then he changed the way Wall Street thinks about investing. The trio played blackjack all over the world on. Thorp of GambEing Blackjack With a Tenless Deck wrong standing numbers. While teaching at UCLA, he and his wife, Vivian, were looking to get away one Christmas break. About Edward O. Coin tossing 388 3. 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. Thorp was born in Chicago, Illinois on August 14, 1932. Even though Professor Thorp was called away at the last minute, I was able to. Having overcome the odds in Blackjack, a year later Dr Thorp and Claude Shannon, built the world's first wearable computer to beat Roulette. Michael S. (More on this shortly. The casinos must have been torn. About Edward O. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. Reception. A dreary subject matter for most, this wild and abstract dance of the numbers took shape and scope on the blackjack table as the self-declared “man who beat the dealer”. It is more difficult now because casinos have fewer games with good rules and they also have learned to detect and discourage card counters. He was a pioneer in modern applications of probability theory, including the harnessing of very. Kassouf, influenced securities markets around the globe. 1% returns for nearly twenty years. Legendary quantitative thinker and blackjack whiz Ed Thorp answers questions about his new book, a memoir of beating Las Vegas and Wall Street. A child of the Great Depression, legendary mathematician Edward O. Edward O. Edward Oakley Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player. Deputy Editor. He’s responsible for developing the first and most common strategic blackjack practice known as card counting, as well as the first wearable computer technology in history. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. Edward Thorp used his blackjack card counting technique to beat the stock market and reach a $800 million net worth. Thorp began his gambling career while he was a professor at MIT. Ed Thorp (Photo Courtesy of Ed Thorp) Noticeably absent from this year’s Blackjack Ball was Professor Ed Thorp. Ed Thorp was honored at the 2017 Blackjack Ball. 4. Aug 1, 2005 9:06pm. He wrote the popular book, Beat the Dealer, in 1962. For the unfamiliar, Thorp was one very successful investor, blackjack player and mathematician. Alice Walker. Known as “the father of card counting”, Edward Thorp invented the original system and later used it in real-world. Jun 14, 2022 #1. St. Thorp and Mickey MacDougall tangram. But Edward Thorpe lacked the funds to go gambling on such a large and serious level. My Blackjack Trip in 1962 to Las Vegas and Reno with Professor Edward O. New York: Vintage, 1966/1962. He is also the author of A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market. 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. Bill Benter 2016 A former. This genius man is also known as the father of card counting thanks to his best-selling book, Beat the Dealer: A Winning Strategy for the Game of Twenty-One. Thorp. But there is a lot more to Edward Thorp, so let. Edward O. No preferentials and no heat received for spreading. 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. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. Quả là một con số kinh khủng! Nếu Edward Thorp chỉ tập trung chơi bài Blackjack thì 1 năm cũng kiếm được chừng 400. Known for his contributions to the fields of mathematics and finance, Thorp has achieved significant success throughout his career. Thorp's reply was a big 'No'. And in blackjack, he developed the very first card counting system that’s still widely used today. tion in blackjack is more complex than the coin toss game because t l) the payoff on a one-unit initial bet can vary widely, due to such things as dealer or player blackjacks. The seminal book that changed blackjack forever. His subsequent book, Beat the Market, co-authored with Sheen T. Edward Thorp used his blackjack card counting technique to beat the stock market and reach a $800 million net worth. I have recently heard complaints that cards have been missing from the pack in some casino blackjack games. In a conversation with me, he elaborated on how remarkable his journey has been, and how supportive his wife Vivian was in all of his endeavors until her death in. Thorp revolutionized the casino industry by developing card counting systems for the casino game of blackjack. 00. (They "put him to the test" by having him teach panelist Henry Morgan the method. Up until that point it was believed that it was impossible to legally beat. Kaplan recalls. The World Championship Of Blackjack. He is regarded as one of the best hedge fund managers in. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. These are the five investing lessons of investing that Ed Thorp learned from advantage blackjack play. Edward O. Indeed, Ed Thorp himself had developed the original system whilst at MIT, using one of the most powerful computers in the world at that time. The list price is $8. Length: 6 hrs and 8 mins. Edward O. Thorp was born in Chicago, Illinois on August 14, 1932. Thorp, mathematics genius and author of Beat the Dealer, wrote the first book to outline card counting for improving odds when playing blackjack. Beat the Dealer is the bible for players of this game of chance, containing the basic rules of the game, proven winning strategies, how to overcome casino counter measures and spot cheating. Edward O. The papers consist of scholarly and personal papers, including published and unpublished manuscripts, research and reference files. Thorp claims to have made this historic breakthrough by feeding the equivalent of 10,000 man-years of desk-calculator computations into an IBM 704 computer and arriving at a set of discoveries about the way the odds fluctuate in the game of blackjack, or twenty-one. Petersburg Paradox. É autor de Beat the Dealer, o primeiro livro a. 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. An American mathematics professor, author, hedge fund manager, and blackjack researcher, Thorp pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. The first three chapters of Beat The Dealer will give any aspiring blackjack expert an excellent conceptual foundation from which to start. His card-counting system meant that he could tell at certain points during the game whether he had an advantage over the dealer. Vintage Books, Revised Edition, 1966. Today, I’d like to focus on Edward Thorp and his autobiography, A Man For All Markets. ? He discovered that an economic actor with an edge could size his bets as a. also want to know whether it's a J. A croupier deals a card on a blackjack table at a Gaming Partners International Corp. As a UCI founding professor of mathematics, best-selling author, hedge fund manager and. Although he doesn’t fit the theme of a sports bettor, it would be rude not to include betting pioneer, Edward Thorp, in our article series. “basic” strategy for blackjack that allegedly cut the House edge to a mere 0. The father of card counting details his revolutionary point system that gives blackjack players the edge they need to win. A 2% edge is enough to secure a fortune in the long run. Edward O. 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. Lastly, Turning the. , June 12, 2018 – The University of California, Irvine Libraries have received the personal papers and professional records of Edward O. The Newport Coast mansion of blackjack strategist Edward Thorp has changed hands after just over two months on the market. Former math professor Edward Thorp will receive UCI Alumni Association’s top award May 16. 1 have bCen victi- m:zed by most of the more common techniques and have catalogued them in Beat the Dealer. 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. The 10 Count was first originated by Edward Thorp, a former mathematics professor at MIT who is considered to be the man who created modern card counting. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. The revelation comes in Thorp’s new autobiography, A Man for All Markets, published this week. I. Blackjack (formerly black jack and vingt-un) is a casino banking game. Edward Thorp's Ten Count system is one of the earliest card counting systems known. He is the first person to have proven mathematically that it is possible to beat. Thorp's Real Blackjack is a game in which Edward O. T. doubling down. Dan Paymar. There is a claim, somewhat commonly made in gambling circles, that Ed Thorp’s “Beat the Dealer” was actually a net positive for casinos. Lasky reviewed the game for Computer Gaming World, and stated that "It is singularly one of the best casino game/tutorials available today. Blackjack. A. He is considered by many as the Father of Card Counting. This had been the book which made the casinos in Las Vegas change all of their rules since the impact of this book had been massive. Thorp is the father of card counting, and in this classic guide, he shares the revolutionary point system that has been successfully used by professional and amateur card players for generations. com, iGaming Business, GamblingOnline, and Jackpots Review magazines,. com. 9. As a mathematics professor with a master’s degree in physics and a doctorate degree in mathematics, Thorp had above-average intellect. Welcome to video 6 in our series of People Who Got Rich from Sports Betting. It is an odd combination of 1) an explanation of how the author performed certain magical intellectual. Source: 'Blackjack Attack,' third edition by Don Schlesinger. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. pair split. 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. Abstract: This collection comprises the papers of Edward O. To me, this “sampling without replacement”, or “dependence of trials. His groundbreaking investment strategies have earned him $800 million and catapulted countless investors into extraordinary wealth. Schroeder. The Horse Hedge Method. Show casinos near me. At the time, most casinos were using a standard 52-card deck at blackjack tables. Edward Thorp was born August 14, 1932 in Chicago. The values for the Thorp Ten Count can be seen in the table. Edward gained most of his popularity from his book which is called “Beat the Dealer” and is the. L. Les Golden, the celebrated blackjack, roulette, and craps columnist for Bluff Europe, Gambling. Pick 1 audiobook a month from. Thorp. Source: 'Blackjack Attack,' third edition by Don Schlesinger. 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. As a physicist and mathematician, he tackled the questions of roulette wheels and blackjack games in a scientific way and found that it was. This series documents Thorp's writing and research related to gambling, game theory, mathematical finance, functional analysis, probability and statistics, and other various topics. Obviously, the reporter was wrong. Edward O. 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. NEWSPAPER ARCHIVES: Vancouver Daily Province Archives 1894 - 2021. Edward Thorp xem chừng vẫn phông độ dù ở tuổi 84, là một thiên tài toán học, ông từng tìm ra cách đánh bại các nhà cái trong trò blackjack khi đang làm nghiên cứu sinh tiến sĩ tại Học viện công nghệ Massachuset (MIT). Conventional wisdom in the 1950s held that it is. The authors had developed their strategy for a complete randomly shuffled deck. The cigarette pack. Thorp is a professional blackjack player, mathematics professor and author of Beat the Dealer: A Winning Strategy for the Game of Twenty-One, which was originally published in 1962. Leigh Weiner for Newsweek. Thorp. BJ, R. 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. games, twenty-one, or blackjack. What is the Santa Fe Institute? The Santa Fe Institute is a research center that focuses on complex systems and interdisciplinary research. In both these settings, we explore the use of the Kelly criterion, which is to maximize the expected value of the logarithm of wealth (“maximize expected logarithmic utility”). Identifying a method that works for you is essential. The book had a small print run and offered sixteen recommended strategy adjustments based on which cards had been. Suppose someone says to you. Thorp became interested in blackjack after reading a paper that provided a way to play the. Thorp Edward O. Earlier Strategies After publishing this section, somebody accused me of stealing the idea from Edward Thorp. In blackjack, players want to see low-value cards leave the shoe and high-value cards remain in. Thorp’s journey began in the 1950s when he was a graduate student at MIT. More advancedEd Thorp. He received his bachelor's degree in physics from the University of• Shannon's colleague, Edward Thorp, applied scientifi c ideas to develop a card counting system for winning at blackjack. Beat The Dealer: A Winning Strategy for the Game Of 21. This month. 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. Edward O. Edward O. As appliedCheating at Blackjack by Edward O. 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. In 1962 Thorp published Beat The Dealer after proving his system of card counting gave blackjack players an advantage over the house. Thorp, Edward O. $0. Gameplay [ edit ] Edward O. Unable to get the winnings his systems deserved he pivoted to using his math prowess on investing, figuring that. Among other notable achievements, Edward Thorp wrote the book “Beat the Dealer. Thorp 2002 Author of the 1960s classic Beat the Dealer, which changed the way we think about blackjack. Edward Thorp was the first one who explained the concept of card counting to average players in 1962. The revelation comes in Thorp’s new autobiography, A Man for All Markets, published this week. 5% edge over blackjack players. Follow. Random House, 1962. An Instructional Guide to Counting Cards in Blackjack for Significantly Improved Odds. Edward O. Synopsis. He is regarded as one of the best hedge fund managers in the world. Edward O. Schneiderman. Early Years. 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. Renowned probability theorist Edward O. in- surance. Ông dành thời gian đến các sòng bạc tại phố Wall để chinh phục những điều mới lạ với thách thức lớn hơn. This book is an excellent read for anyone interested in learning more about the game of blackjack and who wants to learn Thorp’s unique winning strategies. Thorp here: | Brought to you by Wealthfront automated investing (. In 1962. Thorp invented card counting, proving that you could do the seemingly impossible—beat the dealer at the blackjack table—and in doing so launched a gambling renaissance. It started the blackjack craze in the 60s. A mathematical prodigy, he worked out how to “beat the dealer” at blackjack while a postdoctoral student at MIT. He was a mathematics professor in Chicago, and he was always passionate about this than about. Notes from the Blackjack Underground. This family of card games also includes the European games vingt-et-un and pontoon, and the Russian. In the wake of Thorp’s book, blackjack teams. His subsequent book, Beat the Market , coauthored with Sheen T. University of California, Massachusetts Institute of Technology) Edward O. Kassouf, influenced securities markets around the globe. As a pioneer in modern applications of probability theory, Edward was one of the first to harness small correlations for reliable financial gain. Edward Oakley Thorp is one of the most famous mathematicians in the US, as well as the ground-breaking analyst of blackjack. hakanssonThese gambling skills transferred perfectly to markets. A Man For All Markets. The game of Blackjack, also called Twenty-One, has changed significantly since Edward Thorp wrote his famous book Beat the Dealer in the 1960’s. Thứ Năm, 11-03-2021 | 09:00 GTM+7. About the Author See all Eliot Jacobson Ph. 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. Abstract: This collection comprises the papers of Edward O. His emphasis on quantitative. It is considered as a groundbreaking working in the field of blackjack and card counting. Thorpe’s first stop was at the now closed, Harold’s Club, where he won $500 within the first 15 minutes. 3. This genius man is also known as the father of card counting thanks to his best-selling book, Beat the Dealer: A Winning Strategy for the Game of Twenty-One. Edward Oakley Thorp is widely regarded, by professional players as well as the general public, as the Father of Card Counting. well discuss how you might spot this cheating method. It started the blackjack craze in the 60s. Edward O. A new “Ed Thorp Lifetime Achievement Award” was created, and the recipient was automatically inducted into the Blackjack Hall of Fame. Position sizing. Edward O. Feb 13, 2012 at 10:21 AM EST. Thorp. He is also the author of a guide to investment, Beat the. 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?. Long story short; Ed won—and he’s now considered the father of. Edward Thorp. Evil of Blackjack is Back!) Robert Loeb. ”. Synopsis. M, Max Rubin. The Love Boat ll. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable. Embed. Peter Griffin gives the exact answer for the infinite deck. Thorp and Associates, Newport Beach, CA 92660, USA Contents Abstract 2 Keywords 2 1. Net Worth: $800 million. University of California, Massachusetts Institute of Technology) Edward O. Thorp introduced a calculated method for winning at blackjack. Thorp pioneered the use of quantitative investment techniques in the financial markets. St. That’s the quest that first got Thorp interested in blackjack. Ed Thorp was one of the original 7 members inducted into the Blackjack Hall of Fame in 2002. So yeah pretty. Reprinted countless times, Thorp's Blackjack Basic Strategy. However, history has some great professional. 00. This book, published in 1962, was the first that actually mathematically proved that blackjack was beatable using card counting techniques. +4 to A-9; and -9 to the face cards. 2. Edward O. Four Horsemen of the Apocalypse is the name given by gambling authors to the four U. . 240) Written in 1966, this is THE original gambling book. Thorp, more than anyone else, is responsible for blackjack card counting, the bane of many a manager of table games. Ed Thorp was one of the original 7 members inducted into the Blackjack Hall of. So I was excited to read Thorp’s new book, A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Markets, about his life, gambling stories, and investment ideas. Thorp’s first card counting system, called the 10 Count System, was the first publicly known system to be mathematically proven. By: Edward O. The book ultimately sold over 700,000 copies and is still considered to be the first manual of. The papers consist of scholarly and personal papers, including published and unpublished manuscripts, research and reference files,. He is also the author of the 1964 book Beat the Dealer, credited with popularising the concept of card counting and bringing it to the mainstream. Planet7 Casino. But the blackjack strategy guide wasn’t created by Edward Thorp alone, although the foundation of “the book” was based largely on his work. Share to Linkedin. John Kelly publishes the Kelly Theory of bet sizing. ThorpEdward Thorp was born August 14th 1932 in Chicago and is one of the most successful blackjack players in the world. How Ed Thorp became the man who beat the casinos: A studying of numbers and the probabilities led to one gambler beating the odds. Edward O. His subsequent book, Beat the Market, co-authored with Sheen T. Kassouf, influenced securities markets around the globe. Beat the Dealer by Edward O. See moreIn his 1960s book Beat the Dealer, Edward O. Thorp is the author of Beat the Dealer, which mathematically proved that. give the blackjack player an advantage, pro- vided that the cards are well shuf- fled and that the game is honest. 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. Edward O. His subsequent book, Beat the Market, coauthored with Sheen T. Thorp The question I will answer is how to "manage your money" in 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. Edward O. His subsequent book, Beat the Market , coauthored with Sheen T. Thorp began to delve into the theory of probability, he realized he could beat the game of blackjack and he could prove it. 148. Edward O. Can markets be beaten? James Simons, Ed Thorp, J. Thorp was not a card player, but he was good with numbers. British Columbia Marriages 1800-1946at MyHeritage. Thorp was honored at the 2017 Blackjack Ball for his. Thorp & Associates, generated an annualized return of 18. The Black And White Classic Invitational Backgammon Tournament. Edward O. and M. Thorp studied mathematics and physics at UCLA and has applied his mathematical and scientific know-how in novel ways during his career. His blackjack system was so successful that the casinos had to change their rules in the 1960s to make it harder for him to beat them. in physics, and the Ph. Professional Blackjack by Stanford Wong and Playing Blackjack as a Business are two classic texts. Thorp is an author, a mathematics professor, and a professional blackjack player. Edward Thorp is older than the other legendary players of blackjack are. The reader find her. Edward Thorp, The Black-Scholes Model, & The Nobel Prize. Thorp serves as the player's expert guide in learning how to play blackjack better. The exhibit highlighted the extraordinarily diverse life and career of Edward O. I think the logic is roughly that Thorp increased interest in blackjack among people who never actually learned to count cards, and thus they became gamblers but were net losers. 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. 1. If you found the blackjack trick easy. In the 1960s while teaching at MIT, he invented the first wearable computer as a device to predict the outcome of roulette rounds. A. 1. Ken Uston. e. 10. Ed Thorp is one of the fathers of blackjack card counting. From blackjack and roulette, where he helped develop the first wearable computer, Thorp moved on to the “big casino” — that is, Wall Street. It’s unknown whether Edward Thorp still plays blackjack or not, as he is a private person and keeps his personal life out of the spotlight. It compounded money at 19. Thorp. Thorp,. 2. He even wrote a book called “Beat the dealer” in which he. Description. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Edward O. And Edward O. Thorp’s first hedge fund, Princeton Newport Partners, never had a down year. 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. After reading the classic book Beat the Dealer, by Ed Thorp, Kaplan started card counting in Las Vegas and eventually ran a successful blackjack team there (1977). 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. An excerpt from the La Times:. 1. Thorp (@EdwardOThorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Beat the Dealer - a winning strategy for the game of 21 or Blackjack. He’s the man who beat the dealer, and later, beat the market. Ed Thorp was one of the original 7 members inducted into the Blackjack Hall of Fame in 2002. It uses decks of 52 cards and descends from a global family of casino banking games known as "twenty-one". He also backed up his theories by playing in the casinos and winning. 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. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. The seminal book that changed blackjack forever. In 1962, Edward Thorp published his findings of an optimal blackjack strategy using a high-speed digital computer. エドワード・オークリー・ソープ（Edward Oakley Thorp、1932年 8月14日 - ）は、アメリカ合衆国の数学者。 エド・ソープとも呼ばれる。彼は、数学理論をブラックジャックなどのカジノゲームに適用したことで有名である。 金融工学者としても知られている。Ed Thorpe card counting, in short, was about assigning value to certain cards. This is for the player using basic strategy versus a single tenless Griffin writes:EDWARD THORP Department of Mathematics, Massachusetts Institute Of Technology of the VOL47. A Dozen Lessons on Investing from Ed Thorp. 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. In 1957, Playing Blackjack to Win was published. “The first thing people who have control do is tilt the playing field. Kassouf, influenced. View the Blackjack "Basic Strategy" Chart. The final operating version was tested in Shannon’s basement home lab in June of 1961. Meet mastermind Edward Thorp, the genius who turned his blackjack prowess into a stock market goldmine. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. 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. He is the university math professor turned stock-market genius who invented card counting, wrote a bestselling. From a very young age, Ed Thorp has been driven by a natural curiosity that pushes him to embrace challenges and investigate complex ideas. Thorp. In his book, Beat the Dealer, published. ”. However, this all changed when a mathematician named Ed Thorp revolutionized card counting. A New York Times bestseller. In a remarkable career, Edward O.