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Interesting article on Dr Thorp
Posted: Sun Jan 22, 2017 3:38 pm
by Bankerdude80
Re: Interesting article on Dr Thorp
Posted: Sun Jan 22, 2017 4:45 pm
by Blackcloud
UNHH!! The article is rife with errors. Like counting had been around since the thirty's in BJ Longer in other games.
Re: Interesting article on Dr Thorp
Posted: Sun Jan 22, 2017 8:30 pm
by heavy
Yeah, errors and misdirection. One nugget of truth:
Armed with $10,000 provided by backers who also wanted him to be proved right, “over three years, I won $25,000 at blackjack” — and got himself banned all over Nevada.
If you listen to a lot of people they'd tell you he won millions at blackjack. In fact, he won a relatively small amount, just to prove that he could. Then he was done with it. No doubt he made much more off the Beat the Dealer book.
Also, the article casually mentioned that he lived in a multi-million dollar home in Newport Beach. You can pay two million for a condo or a 2BR bungalow in Newport Beach. Three million will get you a new construction 4BR track home in some areas. I guess my point is - a multi-million dollar home in California isn't the same thing as a multi-million dollar home in the rest of the country.
Still, Thorp has done all right for himself. Math worked for him.