Mathematics Of Gambling - Edward Thorpe

Description

Edward Oakley Thorp (born in August 14, 1932, Chicago) is an American math professor, author, and blackjack player. He is best known for his 1962 book Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting. The technique shifted the advantage from an estimated maximum of approximately 5% for the house (this figure is for the very worst strategies, either mimicking the dealer or never busting), to around 1% for the player. He is also considered the co-inventor of the first wearable computer along with Claude Shannon.

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