💰 Edward O. Thorp - Wikipedia

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


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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 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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Ed Thorp is arguably one of the most successful straight money managers in history, and it all started with trip to Las Vegas in the late s.


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