Casino gambling on wall street

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Thereafter, Thorp shifted his sights to “the biggest casino in the world”: Wall Street. Nonetheless gambling was forever changed. They barred him from their premises, instituted new rules, and put his life in jeopardy. His remarkable success-and mathematically unassailable method-caused such an uproar that the casinos altered the rules of the game to thwart him and the legions he inspired.

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Thorp invented card counting, proving that you could do the seemingly impossible-beat the dealer at the blackjack table-and in doing so launched a gambling renaissance.

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The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.Ī child of the Great Depression, legendary mathematician Edward O.

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