Edward Thorp is an American probabilist and mathematician born in 1932 in Chicago. This must-have in the blackjack world obtained his doctorate in 1958 at the University of California at Los Angeles (UCLA), before working for two years at the Massachusetts Institute of Technology (MIT).
Thorp would later teach mathematics and finance at the University of California at Irvine. In 1989, the American probabilist decided to set up his own company, Edward O. Thorp & Associates, operating in California and specializing in the field of the stock market investment.
Thanks to his bestseller, Edward O. Thorp has won the incredible bet to prove that it was possible to win mathematically in the game of blackjack. Card counting was quickly renamed “Thorp’s mathematical process” and made a fortune for a few.
Many casinos, affected by the unexpected discoveries of Edward Thorp blackjack, have rushed to find alternatives to the latter’s strategies, which have favored the development of many cheating techniques in the gambling halls of many casinos. Among these strategies, the best known is the marking of cards after counting them, which was perpetuated by the dealers, in order to benefit the casino.