Edward Thorp
Edward Thorp is a renowned mathematician, author, hedge fund manager, and legendary gambler, widely recognized for pioneering applications of probability theory in both gambling and financial markets. He gained international fame with his 1962 book Beat the Dealer, which introduced the world to card counting in blackjack and revolutionized casino strategy. Thorp followed this with guides to roulette and other games, establishing himself as a master of probabilistic thinking. Often called the "father of the wearable computer," he collaborated with Claude Shannon to develop one of the first wearable computing devices, designed to gain an edge in games of chance. Beyond gambling, Thorp is celebrated as a trailblazer in quantitative finance, applying statistical correlations and mathematical models to hedge fund strategies that consistently generate financial returns, cementing his legacy as a key figure in both mathematics and modern investing.
Edward Thorp Professional Experience / Academic History
Professional Experience
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Author
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Professor of Finance
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Professor of Mathematics
Academic History
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Ph.D., Mathematics
MATHEMATICS & GAMBLING
Edward Thorp is a mathematician by training and a pioneer in applying mathematical principles to gambling.
His interest began with attempts to beat the roulette wheel, but he later focused on blackjack after discovering a study by MIT students in the mid-1950s that exposed vulnerabilities in the game.
Thorp’s groundbreaking book, Beat the Dealer, caused a sensation upon its release, introducing card counting to the public and prompting casinos to implement countermeasures.
The book details his strategy development, early experiences, and his views on modern casino games, cementing his reputation as a trailblazer in both gambling and applied mathematics.
ACADEMIA
Thorp earned his Ph.D. in Mathematics from UCLA in 1958 and began his professional career in academia.
He served as a Professor of Mathematics at MIT, focusing on probability theory, number theory, and real-world applications of mathematics.
His research on stochastic processes, probability, and statistical analysis directly informed his later innovations in gambling and quantitative finance.
Thorp also taught at the University of California, Irvine, where he continued to combine research and teaching, bridging theoretical mathematics with practical problem-solving in finance and strategy.
MEDIA PRESENCE
Edward Thorp’s work has been widely recognized in financial and mainstream media.
He has been featured or quoted in Bloomberg, Los Angeles Times, Business Insider, Barron's, MarketWatch, and other leading outlets, highlighting his influence in mathematics, gambling strategy, and quantitative investing.