💰 Edward O. Thorp - Wikipedia

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Ed Thorp invented blackjack card counting and started one of the first hedge funds. In a new book, he looks back on his career.


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Edward O. Thorp, mathematics genius and author of Beat the Dealer, wrote the first book to outline card counting for improving odds when playing blackjack.


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Edward O. Thorp, mathematics genius and author of Beat the Dealer, wrote the first book to outline card counting for improving odds when playing blackjack.


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Edward Thorp is the bestselling author of Beat the Dealer. He revolutionized gambling as he proved how to beat blackjack with card-counting.


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Edward O. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. A pioneer in modern applications of probability theory, Thorp's.


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Thorp is the author of Beat the Dealer, which mathematically proved that the house advantage in blackjack.


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When nearly everybody thought that blackjack was a game of luck, Dr. Edward O. Thorp used computers to devise a system for uncovering.


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Thorp is the author of Beat the Dealer, which mathematically proved that the house advantage in blackjack.


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Edward O. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. A pioneer in modern applications of probability theory, Thorp's.


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Edward O. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. A pioneer in modern applications of probability theory, Thorp's.


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It has never gone out of print and still sells a few thousand copies a year. Times Store. In Nevada, where systems such as card counting that depend on brainpower are lawful, electronic devices are not. Times News Platforms. Follow Us twitter instagram email facebook.{/INSERTKEYS}{/PARAGRAPH} Once the mobsters were gone and public corporations took over the industry, the countermeasures became more dignified, and more effective. Keep up to date with Michael Hiltzik. By , Thorp was a millionaire with a hilltop home in Newport and a new red Porsche. His business column appears in print every Sunday, and occasionally on other days. Thorp, a renowned gambling and investment guru, is shown in his Newport Beach home. Facebook Twitter Show more sharing options Share Close extra sharing options. {PARAGRAPH}{INSERTKEYS}Most stock-picking stories, advice and recommendations are completely worthless. Michael Hiltzik. Brand Publishing. Rudolph Giuliani and convicted, though their convictions were later overturned. Not because of merit. Working with the mathematician and information theorist Claude Shannon, he developed a computer that could predict roulette outcomes based on the speed of the wheel and the bouncing ball. About Us. And he knows that for the average player, whether at the tables or on the Street, the edge is hard to find. He expected to be addressing a meager audience of academics. Pulitzer Prize-winning journalist Michael Hiltzik writes a daily blog appearing on latimes. Despite his gilt-edged record on Wall Street, he counsels the average small investor to stick with low-cost index funds. Fast-forward to Thorp was working as a consultant for hedge funds when a New York client asked him to review his portfolio. Thorp was an early — and still active — investor. Hot Property. As a member of the Los Angeles Times staff, he has been a financial and technology writer and a foreign correspondent. Edward O. So he was lying. Using his blackjack winnings as seed capital, Thorp began to dabble in stock investing. Thorp presently turned his attention to roulette. The market, however, was amenable to careful mathematical analysis.