Thorp, a founding professor of mathematics, hedge fund manager,. BillionGraves FREE. Thorp Papers. ) Thorp focused on using his knowledge to solve real-world problems once deemed impossible. More than twenty years after the publication of Beat the Dealer, the best-selling book on winning at blackjack, Dr. Random House Publishing Group, 2017. 70. Random House Publishing Group, 2017. 00 brokerage account can conduct his own investment program. Edward Thorp’s trading strategy is a testament to the power of mathematical thinking in overcoming the odds. The results for a pass through one deck arc listed in figure There were nine hands, and the dealer won them all. Edward O. Edward Thorp phổ biến công thức quy mô vị thế gọi là Công thức Kelly. In the 1960s while teaching at MIT, he. From 1969 to 1998, Edward reported that his personal investments had harvested a 20% annual yield, making him one of the most successful stock market investors in the world. And Thorp, who taught math at the Massachusetts Institute of Technology and then at the University of California, Los Angeles, became an instant celebrity who wrote best-selling books about his techniques. Edward Thorp: I came at the securities markets without basically any prior knowledge and I educated myself by sitting down and reading anything I could lay my hands on. He is also the New York Times bestselling author of Beat the Dealer and a quantitative investment expert. Edward O. down (and used) by Edward Thorp which, paradoxically, while being robust and realistic, has been considered unrigorous. Lookup the home address and phone 5857329526 and other contact details for this person. He recently sat down with Aaron Brown, Antti Ilmanen and Rodney N. Foi pioneiro em aplicações modernas da teoria das probabilidades, incluindo o aproveitamento de pequenas correlações para ganho financeiro confiável. Edward Thorp. Another early Wolfe discovery was Jim Simons, a mathematician and founder of the absurdly successful quant hedge fund Renaissance Capital. ebthorp( at )northwestern. What is not so well-known is that Thorp also published a research article, with co-author. 2 Bookplateleaf 0004 Boxid IA40824602 Camera Sony Alpha-A6300 (Control)Edward O. EDWARD J. From Las Vegas to Monte Carlo, the tables have been turned and the house no longer has the advantage at blackjack. -Kết hợp cơ bản và kỹ thuật: Vào giữa thập niên 2000, Edward Thorp phát triển chiến lược hợp đồng tương lai theo xu hướng. The book is a compilation of academic papers on the Kelly Criterion Formula, which per Edward O. Edward O. This indicates that the horse hedge method improves the bet- torts chances of overcoming the track take, whereas the equal bet- ting method has an average lossContent uploaded by Edward O. Biết Edward Thorp là ai, bạn sẽ bất ngờ vì nhiều công thức của ông vẫn áp dụng. Thorp is most noted for is his development of effective “card counting” techniques. Edward Thorp Gallery. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. The book offers step-by-step instructions,. A Man for All Markets 2017-10 Edward O. Thorp brought the phenomenon of card counting to light when his book was released in 1962, selling over 700,000 copies and making it onto the New. Thorp, an American mathematics professor, hedge fund manager, and blackjack player who beat roulette with a wearable computer and card-counting. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. Thorp is the author of the bestseller Beat the Dealer: A Winning Strategy for the Game of Twenty-One. Brewster's. ” Edward O. He is regarded as one of the best hedge fund managers in the world. His subsequent book, Beat the Market, co-authored with Sheen T. | Feb 11, 2011. 318 JOURNAL, JUNE FAVORABLE SIDE IN BAccARAT 319 that the draw of tho first eard to a hand is from n cards, t of which are nines, is given to good by:Edward O. So I was excited to read Thorp’s new book, A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Markets, about his life, gambling stories, and investment ideas. THORP Edward O. The UCI Libraries announce the opening of a new exhibit, Finding the Edge: The Work and Insights of Edward O. He is also the author of a guide to investment, Beat the Market; a. Ed Thorp accurately predicted the US COVID-19 death toll before any deaths were recorded. . D. Edward O. . The “Father of Modern Card Counting” is not only a blackjack icon but also an investment guru. Normally it would go. Thorp on Dec 18, 2015 . The story went viral. Although he doesn’t fit the theme of a sports bettor, it would be rude not to include betting pioneer, Edward Thorp, in our article series. In his 1960s book Beat the Dealer, Edward O. His landline phone number is (781) 878-2029 and the mobile phone number is (781) 710-6401. Edward Thorp truyền tải trong quyển sách như một bản tóm tắt đầy đủ về những điểm nhấn trong cuộc đời của ông. He successfully used probability theory to make thousands of dollars on playing blackjack and roulette. Thorp is an author, a mathematics professor, and a professional blackjack player. I reviewed his book earlier and I discuss his lessons on investing in a subsequent. 00:00:00. For Edward Thorp, the comparison has a certain resonance. Bill was born to parents Grace Marie Pease and Herschel Edward Thorp on March 23rd,1927 in the small town of Paxton, Nebraska. Of all the tales he was regaling in an hour-and-half interview, the 89-year-old was asked by Tim Ferriss, an early-stage investor and prolific. But for those who used the High-Low System, it wasn’t much harder. It is with deep sorrow that we announce the death of Edward Thorp of Manchester, Missouri, who passed away on July 8, 2022, at the age of 84, leaving to mourn family and friends. Red Rock Capital, was honored to have previously worked alongside Dr. Beat the Dealer - a winning strategy for the game of 21 or Blackjack. Q: Is Edward Thorp still active in his career? A: While Edward Thorp is now retired, his contributions and impact continue to be felt in the fields. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by… More about Edward O. Kassouf, influenced securities markets around the globe. Halfway through Edward O. As a curious youngster, he. Thorp, who has in a book proven how to win a blackjack game by counting cards, says investors should try to gain a statically generated advantage or "edge". 9/11/09 3 I explained that, according to financial theory, the long run impact on portfolio returns from many properly priced options with zero net proceeds, as the example inEdward O. Shannon and Thorpe’s exploits in Las Vegas have now become one of the legends of roulette. risk-adjusted trader ever. 00 in two years. ThorpWith her first show at Edward Thorp in 2007 (this is her second), Kathy Bradford joined a generation of women painters who have come into their own after they turned fifty and, in some cases sixty. The advantages ofIt was a four-week immersion-type course with the second and third weeks spent in Las Vegas. Introduction 3 2. His subsequent book, Beat the Market, coauthored with Sheen T. com: Books Books › Humor & Entertainment › Puzzles &. Edward Thorp sinh ra ở Mỹ, ngày 14/8/1932. Chương. What other contributions has Edward Thorp made to mathematics? In addition to his work on probability theory and the Kelly criterion, Edward Thorp has made significant contributions to the field of information theory. Continue reading this article with a Barron’s subscription. gan to toy with the fantasy that IIn 1967, mathematician Ed Thorp revolutionized Wall Street with a method of using math and computers to predict the future of the stock market — and his hedge fund has been profitable ever since. Edward Oakley Thorp is an American mathematics professor, author, hedge fund manager, and blackjack researcher. I had read the book Fortune’s Formula and was fascinated by one of the core concepts of the book: the Kelly Criterion for capital appreciation. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. Thorp: | Brought to you by Wealthfront automated investing (ht. ค. Edward O. He was a pioneer in modern applications of probability theory, including the harnessing of very. Dr. This raises the following: 1) The Black-Scholes-Merton was just a neoclassical finance argument, no more than a thought experiment3, 2) We are not aware of traders using their argument or their version of the formula. Thorp's Basic Strategy table currently appears on BlackjackInfo. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. Mary was born circa 1824, in birth place. É autor de Beat the Dealer, o primeiro livro a. On hands one, two, four, six, eight and nine, the dealer wins by busting the p ayer. edu. 1. Thorp , et al. Watch my interview with investing legend Edward O. Please enjoy this transcript of my interview with Ed Thorp (@EdwardOThorp), author of the bestseller Beat the Dealer, which transformed the game of blackjack. Edward O. . The other was John L. Section 2 Gambler’s Ruin Madhu Advani (Stanford University) Mathematics of Gambling April 12, 2014 11 / 23. Further information including, where available, additional links and details on those named on the memorial. Edward O. With an estimated net worth of $800 million in 2023, his achievements. Adjusted warrants and adjusted exercise price. From his invention of the first wearable computer to his groundbreaking work in card counting, Thorp has left an indelible mark on these industries. Irvine, Calif. Elaine S Brehm, Kurt Brehm, Elaine D Szoczei-brehm, Alyssa M Wallace, James C Wallace. Edward Thorp is widely known as a card counting pioneer. pdf) or view presentation slides online. All Edward Thorp wanted was to be a math professor. Curiosity in his view can help with much in life. Thorp had other good investments, making about 20% annually over his entire career. About Edward O. . Welcome Dr Thorp. book series, recently called Ed Thorp the best. THE MATHEMATICS OF GAMBLING By. Thorp It was the spring of 1955. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Thorp’s father was a strong proponent of education, and he worked hard to make sure his son would have a solid foundation of knowledge to draw. This book provides: o an overview of the basic rules of the game o proven. Edward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the 1967 Beat the Market, which showed how warrant option markets could be priced and beaten. Since this strategy offers a "spectrum" of favorable expectations, it seems reason- ablc tr. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by card counting. Edward Thorp doesn't look like one of the world's most notorious gamblers. Edward O. Foi pioneiro em aplicações modernas da teoria das probabilidades, incluindo o aproveitamento de pequenas correlações para ganho financeiro confiável. Learn about Edward O. At 79 years old, he sports braces and large, wire-rimmed glasses. Thorp The Book That Made Las Vegas Change the Rules Over 1,000,000 Copies in Print Edward O. Phone +1 312 503 4309. Edward O. Thorp. Thorp was hired in 1965 as an Associate Professor by the University of California, Irvine as part of the newly formed Mathematics Department. Edward Thorp is an American mathematics professor, author, hedge fund manager and blackjack player who has a net worth of $800 million dollars. 2. Thorp, founding professor of mathematics, best-selling author, hedge fund manager, and blackjack player is the. The Black And White Classic Invitational Backgammon Tournament. Learn more about his life and achievements in this comprehensive checklist of his publications, awards, and honors, compiled by the UCI Libraries. Thorp estimated his. Born on August 14, 1932, hedge fund manager and American mathematics professor Edward Thorp came from humble beginnings. Thành công của ông bắt đầu tư việc ông muốn đánh bại sòng bài. edit data. | Jan 7, 2018. Edward Thorp’s Westinghouse Science Talent Search class meeting President Harry Truman. Thorp — so much so that, in 1964, personnel at the Mafia-backed Dunes allegedly tried to off him. Edward Thorp (1932-) =170-200: Didn’t speak until age 3 (similar to Einstein); at 3. Tiên phong của trường phái đầu tư định lượng. 41 Chapter 4: Roulette 43 Chapter 5: The Wheel of Fortune 65 SECTION THREE-OTHER GAMES 71 Chapter 6: Horse. Unlike tell-all quant Thorp, who gave away his trading. Shutterstock. Edward Thorp, the. edu. Thorp is the father of card counting, and in this classic guide he shares the revolutionary point system that has been. The probability of reaching a fixed goal on or before n trials 8 3. Thorp is the author of Beat. Continue reading this article with a Barron’s subscription. S. Select a Rating! View Menus. A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market. in hand, Thorp pioneered the modern applications of probability theory. For my review of his book “A man for all markets” see here. He is also the author of a guide to. There is no "mathematical" winning system for roulette and it is possible ever to discover one. He is also the author of a guide to. The probability of ever being reduced to a fraction x of this. He moved there in 2022. . Synopsis. Đây là nhân vật tầm cỡ và nổi tiếng trong lĩnh vực cờ bạc. Thorp highlights the extraordinarily diverse life and career of Edward O. His book Beat the Market helped start the derivatives revolution that transformed world securities. “Edward O Thorp is the author of Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and Beat the Market, which showed how warrant option markets could be priced and beaten. Jenny Snider, “Fuji” (1972), Sumi ink on rice paper, 87 x 84 inches (all images courtesy Edward Thorp Gallery) The only category I think Jenny Snider belongs to is the one titled “Jenny. See Thorp Morgenstern [24 ] . Edward Thorp is older than the other legendary players of blackjack are. Thorp highlights the extraordinarily diverse life and career of Edward O. S. Khả năng đánh bài ăn tiền của ông được mọi người công nhận và. Sau khi xuất bản cuốn sách đầu tay năm 1962 về cách đếm bài. He also backed up his theories by playing in the casinos and winning. . by Edward O. . From the time Edward Thorp was three, his parents knew they had a special child. Edward O. How to Think for Yourself, A Real Estate Cautionary Tale, Hedge Fund History & Warnings, The Incredible Power of Basic Numeracy (and How to Develop It), Thought Experiments on Risk, Popular Delusions, Cryptocurrencies, & More (#604) tim. Thorp doesn’t look like an outlaw. View all records. It started the blackjack craze in the 60s. He published the strategy in. Although implicated, the mechanisms by which bone marrow-derived cells promote CAV remain. It's. h-index. His father, Edward Thorp, helped found. Thorp’s response, “[4, 6, 8-deck shoes] were supposed to make card counting more difficult. Louis M. Ông cũng được biết đến như tác giả, người quản lý quỹ phòng hộ và nhà nghiên cứu blackjack (trò chơi bài được chơi nhiều nhất trong các casino trên thế giới). Edward o. Ông là giáo sư Toán học tại Học viện Công nghệ Massachuset (MIT), Đại học New Mexico và Đại học California. Thorp Table of Contents SECTION ONE-CARD GAMES 1 Chapter I: Introductory Statement 3 Chapter 2: Blackjack II Chapter 3: Baccarat 29 SECTION TWO-THE WHEELS . He turned seemingly random processes into predictable events, transforming the art of speculation into a science decades before Wall Street’s quants became mainstream. Edward O. Trong lịch sử chỉ có duy nhất một người khiến cho các tay chủ sòng bạc ở Las Vegas cũng như các nhà quản lý quỹ ở. Kassouf, influenced securities markets around the globe. Edward Oakley "Ed" Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player best known as the "father of the wearable computer" after inventing the world's first wearable computer in 1961. 2015-01-11 | Journal article. by Edward Thorp | Jan 1, 1984. Thorp Quotes on Money and Investing. Edward Oakley Thorp (born August 14, 1932) is an American mathematics professor, author, hedge fund manager, and blackjack researcher. 240) Written in 1966, this is THE original gambling book. Thorp, a founding professor of mathematics, hedge fund manager, blackjack player and author of The New York Times best-seller Beat the Dealer, the first book to mathematically prove that card coun. From his groundbreaking insights into card counting and probability in blackjack to his innovative trading techniques, Thorp’s contributions have revolutionized both the gambling and trading worlds. com Edward O. Starting in the 1980s, Edward Thorp and Richard Dennis showed remarkable success by combining technical trading methods with elementary statistics. Ông xuất thân trong gia đình có cha là cựu chiến binh còn mẹ là nhân viên văn phòng. How to Think for Yourself, A Real Estate Cautionary Tale, Hedge Fund History & Warnings, The Incredible Power of Basic Numeracy (and How to Develop It), Thought Experiments on Risk, Popular Delusions, Cryptocurrencies, & More (#604) tim. M, Max Rubin. It is also known for its diverse program within both the fine and decorative arts, including art glass, ceramics, folk art. Edward O. Watch my interview with Edward O. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. Edward Oakley Thorp is an American mathematics professor, hedge fund manager, and blackjack player. In almost 29 years as a professional investor, Thorp booked 20% average annual gains after fees. His father was a war veteran that worked hard to ensure that his son got a nice education. He is regarded as one of the best hedge fund managers in the world. blog. See moreEdward O. Warrant hedges: either you buy a cheap warrant and short common stock against it or buy an overpriced warrant and buy the common stock against it. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. 103 Prince Street. Thorp is the father of card counting, and in this classic guide, he shares the revolutionary point system that has been successfully used. Edward Oakley "Ed" Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player best known as the "father of the wearable computer" after inventing the world's first wearable computer in. This was Edward’s system for capturing value (roughly 25% per year) while hedging all riskI found this interesting video of Dr. Thorp at the Blackboard. Edward Thorp luôn coi thị trường chứng khoán giống như sòng bạc. Open navigation menuEdward Thorp. One of the most influential books of all time on Wall Street, whose methods launched “the quant” revolution of modern quantitative finance. Books - Edward O. Ideally, a player could destroy the blackjack game IF knowing the composition of the deck AND the sequence of the remaining cards in the deck. almost half the time; his expectation exceeds 0. We privatize profit and socialize risk. What is a warrant? Get rich quick? The warrant-stock diagram. Với vài nghìn đô la “học phí” lần này do quản lý rủi ro bất hợp lý, đã khắc. [1] The surname Thorpe is a habitation name that was originally derived from pre-existing names for towns, villages. Edward Thorp Obituary. Thorp is also renowned for his success in blackjack and for his book Beat the Dealer, which was the. Author content. He outlines the process in his 1960 book Beat the Dealer and his findings changed the way this game was played once he had demonstrated that there was a winning strategy. Ed Thorp’s journey to investing began in a casino. A Man For All Markets: From Las Vegas to Wall Street, How I Beat The Dealer and The Market. the loss is 1/14. A Mediterranean-style courtyard estate owned by card-counting mastermind Edward Thorp is for sale in Newport Coast. Edward Thorp’s net worth is reported to be around $800 million as of 2021. Edward lấy bằng tiến sĩ toán học tại Đại học California, Los Angeles năm 1958. Edward O. The investor and gambler stocked up and locked down before the rest of the country. Thorp The purpose of this expository note is to describe the Kelly criterion, a theory of optimal resource apportionment during favorable gambling games, with special attention to an application in the U. Edward O. He is regarded as one of the best hedge fund managers in the world. The quantitative investment pioneer gave a recent talk and interview at Winton that recounted his remarkable career and collaboration with the so-called 'Father of Information Theory'. After the war he received a dual degree, B. What is a warrant? Get rich quick? The warrant-stock diagram. Thomas married Edithmary Thorp. The Mathematics of Gambling. stock market. Thorp, “tells you how to allocate money between risky alternatives and gives you an. A Scientific Stock-Market System. Edward Thorp is the bestselling author of Beat the Dealer. Edward O. Edward married Mary Thorp. Share to Linkedin. Edward Thorp đã đánh bại các nhà cái trong trò blackjack bằng xác suất thống kê. Edward Thorp Cardiac Allograft Vasculopathy (CAV) is a leading contributor to late transplant rejection. The book offers step-by-step instructions,. It was around for decades before he came on the scene. Edward Thorp mặc dù là một nhà thiên tài toán học, đồng thời là bạn thân lâu năm với Warren Buffett nhưng có vẻ Edward Thorp không đồng ý với người bạn của mình trong vấn đề tiếp cận thị trường chứng khoán. Edward O. Thorp studied mathematics and physics at UCLA and has applied his mathematical and scientific know-how in novel ways during his career. ThisEdward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the 1967 Beat the Market, which showed how warrant option markets could be priced and beaten. Beat the Dealer 1966-04-12 Edward O. He is the author of “Beat the Dealer,” which was the first book to prove mathematically that. Investors can tilt the playing field by getting this edge and generate superior long-term returns, he reasons. The book explores the idea of “inner-directed” and “other-directed” people; Intro. Epting; David M. Thorp, A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market. The Edward Thorp trading strategy is built on the principles of statistical arbitrage, which is a form of trading that involves taking advantage of price discrepancies between different markets or securities. Through Jan. Intellectually, the two have nothing in common -- Thorp is a genius. He is regarded as one of the best hedge fund managers in the world. The Book That Made Las Vegas Change the Rules. About Edward O. The book offers step-by-step instructions, with explanatory, charts and tables, whereby anyone with $2000. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. Adjusted warrants and adjusted exercise price. Calling from New York, my son Jeff said Bernie Madoff has confessed to. He is also the author of A Man for All Markets: From Las. Part 2 w/. Thorp March 20, 2018, 8:00 am EDT. SoHo. E Thorp, T Vaisar, M Subramanian, L Mautner, C Blobel, I Tabas. View Options. Thorp’s lark-filled account of his pioneering career as a gambler and inventor of stock-trading tools, he tells us that “gambling is investing simplified. Thorp, 85, is a former American mathematics professor and hedge fund manager, who became. Edward O. Thorp cashed out, making over $1 million on the trade. His subsequent book, Beat the Market, co-authored with Sheen T. thomas married Caroline J Thorp. With an $800 million net worth, Thorp is something of a mini Warren Buffet. He also was the co-inventor of the first. Thorp จากเซียนไพ่ สู่ผู้จัดการกองทุนไร้พ่าย /โดย ลงทุนแมน. He is also the author of A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market. The mathematician, Edward Thorp, described how to figure out the sequence of the cards and how to bet accordingly. Thorp is an mathematics professor, author, former hedge fund manager, and blackjack researcher. The strategy uses mathematical models to identify profitable trades by analyzing historical data and predicting future price movements. The returns were exceedingly regular—1% or 2% a month no matter what was going on in the market, using an. All Edward Thorp wanted was to be a math professor. The exhibit highlighted the extraordinarily diverse life and career of Edward O. Choice is how you play them. Edward Thorp - Blackjack Player. in the Crystal Cove Auditorium located in the UCI Student Center. Giáo sư toán học Edward Thorp. Member, QSIB - Querrey Simpson Institute for Bioelectronics. THORP. Thorp Books A Man For All Markets Buy now The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer. I. The result is 1/12. It. Image source: iStock/Thinkstock. You would think gambling was quite different back then than it was now. Edward Thorp is by many regarded as “the first quant”, at least one of the first who successfully used quantitative models for risk-taking. Edward O. Leave a sympathy message to the family in the guestbook on this memorial page of Edward Thorp to show support. Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors. Learn more The Mathematics of Gambling Buy now Learn about Edward O. Edward Thorp sinh năm 1932 với họ tên đầy đủ là Edward Oakley Thorp. A Man for All Markets – Người Đàn Ông Đánh Bại Mọi Thị Trường là bản tự truyện thú vị về cuộc sống và công việc của Edward Thorp, một người đàn ông tài giỏi, thành đạt, nhưng khiêm nhường. 他深入發展了現代的 機率論 ，並應用於 金融市場 中。. His emphasis on quantitative. He is regarded as one of the best hedge fund managers in the world. I don’t object to some people being richer, even much richer, than others. Thorp’s early success in blackjack for example was attributed to his superior system at a. With a Ph. Thorp and Associates, Newport Beach, CA 92660, USA Contents Abstract 2 Keywords 2 1. Sort. Collage of Edward O. Ông sinh ra và lớn lên tại Chicago, Illinois, Hoa Kỳ. About Edward O. Thorp was NOT NOT NOT the inventor of card counting. Born 26 July 1820 at Burton Overy, Leicestershire, England. Edward O. One of the great heroes of casino game analysis is Edward O. Learning and checking “Learning is like adding programs, big and small, to this computer” Edward Thorp, A Man For All Markets, 2017. But much of what we know about the use of the Kelly criterion comes from the work of Edward Thorp [7, 8], which is the first gambler who uses the Kelly criterion to beat the Las Vegas casinos. The probability of ever being reduced to a fraction x of this. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Over 1,000,000 Copies in Print. Thomas Earl Thorp 1891 1957 Thomas Earl Thorp, 1891 - 1957.