Thorp is a mathematician and blackjack player who is considered the father of modern card counting. He developed the first successful card counting system in the 1960s and wrote the book “Beat the Dealer,” which is considered a classic in the world of blackjack.
Biography:
Edward O. Thorp is a mathematician and author who is known for his contributions to the field of probability and his work on card counting in blackjack. Thorp was born in Chicago, Illinois in 1932 and studied mathematics and physics at the University of California, Los Angeles (UCLA). He received his Ph.D. in mathematics from the University of California, Berkeley in 1958.
Thorp is best known for his work on card counting in blackjack, which he first wrote about in his book “Beat the Dealer.” Published in 1962, the book presented a system for counting cards in blackjack and explained how to use this system to gain an advantage over the casino. The book was a best-seller and helped to popularize the concept of card counting.
In addition to his work on card counting, Thorp is also known for his contributions to the field of investment and finance. He is the author of several books on this subject, including “The Mathematics of Gambling” and “The Mathematics of Investment.” Thorp has also developed a number of successful investment strategies and has managed several successful hedge funds.
Thorp is widely recognized as a pioneer in the field of probability and has received numerous awards and accolades for his work. He is considered one of the greatest minds in the field of mathematics and has had a significant impact on the world of gambling and finance.