Edward O. Thorp

Edward O. Thorp – 21 the movie
August 5, 2017 – 05:04 am
Diagram 1. White to roll

Edward O. ThorpAsk any blackjack player who the godfather of card counting is and they will likely tell you it is Edward O. Thorp. No one has been responsible for introducing more people to counting cards in blackjack than Thorp, who wrote the landmark . The book ultimately sold over 700, 000 copies and is still considered to be the first manual of card counting ever published.

Thorp was born in Chicago, Illinois in 1932. His background is steeped in mathematics and probability, and a study of his history reveals many insights about what it takes to be successful in blackjack. Thorp’s first career was as a mathematics professor and he served on the faculty of many prestigious universities throughout the United States. Thorp taught mathematics at New Mexico State University, the University of California at Irvine, and MIT. Thorp’s association with is somewhat fascinating because in the years after his groundbreaking work in the field of card counting a group of MIT students used the Thorp principles to beat blackjack for massive amounts of money. Their story was popularized in the motion picture 21.

The development of Thorp’s card counting method was a long and arduous process. He initially based his research on a paper by John L. Kelly which was published in 1956. Kelly had developed something which came to be known as the . The Kelly Criterion is actually still applied by many blackjack players and other gamblers today.

Edward Thorp sought to improve upon the method. A study of similar pioneers in the field of card counting will reveal that this is how card counting systems are always born. Someone seeks to improve upon the method devised by someone else. Thorp’s method, however, involved an element that held a dangerous potential were it to be discovered by the casinos. Thorp included the use of a computer.

In 1961 Thorp perfected the first wearable computer. The IBM 704 served as his research model. The computer was designed to be worn and operated in a discreet fashion, undetected by casino personnel who would have immediately banned Thorp had he been caught. The computer, however, only served to help Thorp test and validate his own method of card counting. After much trial and testing, Thorp was ready to test his principles in live blackjack play.

The casinos of Reno, Lake Tahoe, and Las Vegas were all fair game for Thorp’s blackjack tests. There was no question that more than one casino and more than one location had to be used. If Thorp were to be discovered in his research it was almost certain he would wind up in Nevada’s Black Book of gamblers who had been caught cheating or otherwise defrauding the casino. At that time casinos shared this information among one another. Being caught in one casino meant getting banned in all of them.

Source: www.countingedge.com
Interesting facts

Edward Oakley Thorp (born August 14, 1932, Chicago) is an American mathematics professor, author, hedge fund manager, and blackjack player. He was a pioneer in modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain.
He was the author of Beat the Dealer, the first book to...

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