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Edward Oakley Thorp (born August 14, 1932) is an American mathematics professor, author, hedge fund manager, and blackjack researcher. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. Thorp is the author of Beat the Dealer, which mathematically proved ...
Card counter. Card counters are advantage players who try to overcome the casino house edge by keeping a running count of high and low valued cards dealt. They generally bet more when they have an advantage and less when the dealer has an advantage. They also change playing decisions based on the composition of the deck.
When the dealer shows an ace and the player has a blackjack, the player can opt for even money and get paid immediately at 1:1. This is a version of insurance rather than a different bet. If the dealer has blackjack, the hand is a push, but the player receives twice the value of the insurance, which is the same as the original bet.
If the dealer shows an ace, an "insurance" bet is allowed. Insurance is a side bet that the dealer has a blackjack. The dealer asks for insurance bets before the first player plays. Insurance bets of up to half the player's current bet are placed on the "insurance bar" above the player's cards. If the dealer has a blackjack, insurance pays 2 to 1.
The episode "Professor Blackjack" is about MIT professor Edward O. Thorp's (portrayed by Jonathan Dickson) computer-based research on the Kelly criterion that was applied in real Vegas casinos in the form of computer aided card-counting schemes with very successful results. Manny Kimmell (portrayed by Peter Salzer), a known mob associate ...
Died February 3, 2024. Age 90. Al Francesco (born Frank Schipani; December 2, 1933) is an American blackjack player and gambling strategist. Considered to be “The Godfather of Blackjack”, [1] Francesco is recognized as the creator of the team play concept, the “big player” strategy, and the drop card method. [2]
The MIT Blackjack Team was a group of students and ex-students. The students were from Massachusetts Institute of Technology, Harvard University, and other leading colleges; they used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide. The team and its successors operated successfully from 1979 ...
Arnold Snyder (? — 2023) [1] was a professional gambler and gambling author. He was elected by professional blackjack players as one of the seven original inductees into the Blackjack Hall of Fame [1] – hosted at Barona Casino [2] [3] – for his contributions as a blackjack player and his innovations in professional gambling techniques.
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