Edward Thorp Casino
'My name is Edward Thorp.' ' My name is Edward Thorp.' It's 1964 and Edward Thorp is on the television game show To Tell The Truth, sitting alongside two other well-dressed men also claiming to be. 21 - Blackjack 'Basic Strategy' Chart In his 1960s book Beat the Dealer, Edward O. Thorp introduced a calculated method for winning at blackjack.Reprinted countless times, Thorp's Blackjack Basic Strategy chart is a useful tool for knowing when to hit, stand, split, or double down. The man behind the name, 'Fortune's Formula,' is a living legend: Edward O. In 1958 Thorp was a young, up and coming professor at MIT. He went to Las Vegas on a holiday vacation and experimented with a blackjack strategy about which he recently read. Edward O Thorp, the 84-year-old inventor of card-counting, was once the target of a suspected Mob hit. The revelation comes in Thorp’s new autobiography, A Man for All Markets, published this week.
“An amazing book by a true icon; Thorp launched revolutions in Vegas and on Wall Street by turning math into magic, and here he weaves his own life lessons into a page turner as hot as a deck full of aces. Loved it!”
Edward Thorp Northwestern
—Ben Mezrich, New York Times Bestselling Author of Bringing Down The House and The Accidental Billionaires
Growing up in a family that struggled to get by, Ed Thorp never imagined that he would become a professor who would mathematically prove how card-counting gives every player an edge; that his discoveries would cause an uproar among casinos; that he would invent the wearable computer; or that he would take his knowledge of gambling to Wall Street, revolutionize investing, and make millions.
And yet, all of that happened.
Meet Edward Thorp
Math professor, inventor, best-selling author, hedge-fund manager, gambler.
Edward O. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. 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 house advantage in blackjack could be overcome by card-counting. He also pioneered the use of quantitative investment techniques in the financial markets. He lives in Newport Beach, California.