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Edward Thorp is a recognized legend of the gambling business. His genius opened first in mathematics, later in gambling at various casinos in Las Vegas. Edward’s works are real bestsellers that have influenced the world view of whole generations.
The history of Tiefpa began in 1960. Edward, master of physics, had a doctorate in mathematics. The circle of interests of the scientist included scientific research. The protagonist was far from gambling entertainment before traveling to Las Vegas with a friend. The city instilled in the professor a love for blackjack.
Appearance of the methodology:
The game interested from a scientific point of view. The researcher wanted to disassemble it into constituent parts and calculate a convenient effective scheme to beat the casino. Edward employed a university computer. When the number of simulated situations exceeded a billion, an interesting picture emerged. It turns out that it’s pretty easy to beat an opponent. You need to stick to a certain card counting system.
The technique was complicated, but very effective. The mathematician noticed: cards of lesser value are beneficial to the dealer. If they leave the table, the probability of winning increases, it is worth raising the rate. Senior cards are always at hand to the visitor to the establishment. When there are not enough of them, the rate should be kept.
Simple logic and the ability to make quick calculations of probabilities helped the professor get rich. He weekly visited the gambling clubs, took out tens of thousands of dollars. Local bosses are upset by this behavior, but there was no evidence for fraudulent accusations of fraud. Often the genius was expelled by the administration of institutions after the first winnings.
In 1962, Edward Thorp wrote the book “Beat the Dealer”, where he explained the system of counting cards. It became a bestseller and brought a lot of money to the author. Contrary to expectations, the publication of research did not ruin the casino. The work played into the hands of the gambling bosses. People aspired to earn on the known scheme, not having studied a technique.
Later, the famous mathematician realized the accumulated experience in the stock market. Made a fortune on hedge funds and promotions. Today, gambling people consider the player to be the most intelligent, calculating and successful, a real genius. The name of Edward Tfor is forever recorded in the Blackjack Hall of Fame.