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Edward O. Thorp is an American professor, author, and hedge fund manager who pioneered the applications of probability theory in blackjack, finance, and computing. He wrote the book Beat the Dealer, invented the first wearable computer for gambling, and discovered the Kelly criterion for optimal betting.
Card counting is a way to determine whether the player or the dealer has an advantage on the next hand by keeping a running count of high and low valued cards dealt. Learn about the basics, systems, and card strategy of card counting in this article.
A shoe is a device that holds multiple decks of playing cards for casino games such as blackjack. Learn about the history, usage and design of shoes, and how they affect card counting and house edge.
Blackjack is a comparing card game where players compete against the dealer to reach 21 points without going over. Learn the history, rules, strategies and variations of this popular game from the online encyclopedia.
Hole carding is the obtaining of knowledge of cards that are supposed to be hidden from view, usually in blackjack. Learn about different methods, strategies and examples of hole carding, and how it differs from next card play.
Learn about the group of students and ex-students from MIT, Harvard, and other colleges who used card counting and other strategies to beat casinos at blackjack worldwide. The team operated from 1979 to the 21st century and faced various challenges and countermeasures from the casinos.
Learn the basic definitions and meanings of terms used in the card game blackjack, such as blackjack, bust, double, insurance, and more. This is not a formal dictionary, but a concise guide for beginners and enthusiasts.
Learn about the four U.S. Army engineers who discovered the best playing strategy in Blackjack in the 1950s, based on the player's and dealer's cards. Find out how their work influenced gambling research, card counting systems, and the Blackjack Hall of Fame.