Thorp revolutionized the casino industry by developing card counting systems for the casino game of blackjack. From Mathematician to Vegas’ Worst Nightmare. Chia sẻ. It was the first widely available publication that gave a firm mathematical proof on how a player could beat the game of 21. About the Author See all Eliot Jacobson Ph. Toggle the table of contents. Ed Thorp, often hailed as the father of quantitative investing, is a name synonymous with unparalleled success in both the world of casinos and financial markets. In 1962, the young writer Tom Wolfe wrote a sympathetic profile in the Washington Post about a 30-year-old mathematician who had learned how to beat the house in blackjack. Although he doesn’t fit the theme of a sports bettor, it would be rude not to in. He is the single person. Edward O. Thorp here: | Brought to you by Wealthfront automated investing (. Edward Thorp used his blackjack card counting technique to beat the stock market and reach a $800 million net worth. Edward Thorp: Những mánh khóe của các sòng bạc để vét sạch túi tiền của người chơi. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. Thorp. ”. Aug 1, 2005 9:06pm. Edward O. Thorp later taught himself Fortran and developed a methodology that. He is considered by many as the Father of Card Counting. He turned seemingly random processes into predictable events, transforming. Then he changed the way Wall Street thinks about investing. L. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. He received his bachelor's degree in physics from the University of• Shannon's colleague, Edward Thorp, applied scientifi c ideas to develop a card counting system for winning at blackjack. Thorp (@edwardothorp), author of the bestseller Beat the Dealer, which transformed the game of blackjack. The most important book available to blackjack aficionados since Beat the Dealer by Ed Thorp, Blackjack Attack has been praised by every prominent blackjack expert. Less well known his his 1967 book, Beat the Market (with Sheen Kassouf). That man was Julian. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. Thorp proved it could. A. A croupier deals a card on a blackjack table at a Gaming Partners International Corp. Thorp is best known for writing the original card counting manual Beat the Dealer, which was first published in 1962, and for his research on probability theory applied to blackjack. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by card counting. New Interview with Ed Thorp "Beating Blackjack and Roulette, Beating the Stock Market, and More" Thread starter Zero; Start date Jun 14, 2022; Zero Well-Known Member. About Edward O. 14. Thorp put early computers to use to run vast amounts of blackjack calculations and then went to the casinos of Las Vegas to put his theories to the test. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Legions of professional blackjack teams using Thorp's system have engaged in a Darwinian war with casinos ever since, among them a legendary MIT team whose exploits inspired the film "21. An analysis of baccarat, backgammon, blackjack, gambling games, money management, roulette and the wheel of fortune. From blackjack and roulette, where he helped develop the first wearable computer, Thorp moved on to the “big casino” — that is, Wall Street. Edward O. Then we illustrate its recent use in a successful casino sports betting system. The counting system presented in Beat The Dealer is more difficult than most modern count systems, but it provides interesting reading nonetheless. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. Edward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the 1967 Beat the Market, which showed how warrant option markets could be priced and beaten. My Blackjack Trip in 1962 to Las Vegas and Reno with Professor Edward O. Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. Thorp is the father of card counting, and in Beat the Dealer he reveals the revolutionary point system that has been successfully. As a physicist and mathematician, he tackled the questions of roulette wheels and blackjack games in a scientific way and found that it was. Edward Thorp. Julian Braun was an IBM computer programmer whom, after. Thorp's Real Blackjack is a game in which Edward O. 91 by Edward O. Thorp, 2018. The seminal book that changed blackjack forever. Only then did the game become wildly popular. He pioneered the modern applications of probability theory , including the harnessing of very small correlations for reliable financial gain. As a physicist and mathematician, he tackled the questions of roulette wheels and blackjack games in a scientific way and found that it was. 3. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by… More about Edward O. Walden, on beating two baccarat side bets. And Edward O. Thorp’s formulas to figure out blackjack odds and strategy. thorp ch 8 optimal investment and consumption strategies under risk for a class of utility functions, pp 91-111 nils h. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. Edward Thorp’s Westinghouse Science Talent Search class meeting President Harry Truman. Thorp, Edward O. The Black And White Classic Invitational Backgammon Tournament. Edward O. Cantey, and the serious treatment of blackjack that given to date. 1962. Edward O. Ông dành thời gian đến các sòng bạc tại phố Wall để chinh phục những điều mới lạ với thách thức lớn hơn. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. want to know more than the blackjack value of the card. In a foreword to the book, statistician Nassim Nicholas Taleb (“The Black Swan”) boils down Thorp’s technique to the search for and capture of a “clear edge. As a UCI founding professor of mathematics, best-selling author, hedge fund manager and. In both these settings, we explore the use of the Kelly criterion, which is to maximize the expected value of the logarithm of wealth (“maximize expected logarithmic utility”). Ed Thorp’s Hedge Fund Journey. Card counting. Edward Thorp is one of the exclusive members of the Blackjack Hall of Fame. Edward Thorp is by many regarded as “the first quant”, at least one of the first who successfully used quantitative models for risk-taking. É autor de Beat the Dealer, o primeiro livro a. エドワード・オークリー・ソープ（Edward Oakley Thorp、1932年 8月14日 - ）は、アメリカ合衆国の数学者。 エド・ソープとも呼ばれる。彼は、数学理論をブラックジャックなどのカジノゲームに適用したことで有名である。 金融工学者としても知られている。Even if you don’t know the name Ed Thorp, you know his work. Thorp is the father of card counting, and in Beat the Dealer he reveals the revolutionary point system that has been successfully used by professional and amateur card players for two generations. His Principal Newport Partners (PNP) hedge fund outperformed the S&P500, on a gross basis, by about 9% per annum. See moreIn his 1960s book Beat the Dealer, Edward O. Thorp. Forward 15 seconds. He is regarded as one of the best hedge fund managers in the world. So yeah pretty. In this article, I’ll unveil the top 15 Thorp quotes that capture his winning investment philosophy. 240) Written in 1966, this is THE original gambling book. This family of card games also includes the European games vingt-et-un and pontoon, and the Russian. His subsequent book, Beat the Market , coauthored with Sheen T. It compounded money at 19. or K. On the Founders podcast, host David Senra distills stories and lessons from Ed Thorp’s biography A Man For All Markets. Prime member exclusive: pick 2 free titles with trial. Next time you find yourself at a live blackjack table, adding and subtracting ones as you count your way through a shoe of cards, and, hopefully make a bit of money in the process, take a moment between hands to thank Edward O. He wrote the popular book, Beat the Dealer, in 1962. Earlier Strategies After publishing this section, somebody accused me of stealing the idea from Edward Thorp. As a result, he’s commonly referred to as the godfather of card counting. cards is an invaluable asset in the detection of cheating because aIt's tempting to think of Edward Thorp,. 00. Thorpe’s first stop was at the now closed, Harold’s Club, where he won $500 within the first 15 minutes. Thorp brought the phenomenon of card counting to light when his book was released in 1962, selling over 700,000 copies and making it onto the New. At first, casinos in Las Vegas thought that Thorpe was bragging, until Thorpe appeared and swept casinos with the strategy laid out in his book. Ed Thorp started his career teaching math at MIT. Can markets be beaten? James Simons, Ed Thorp, J. Thorp, more than anyone else, is responsible for blackjack card counting, the bane of many a manager of table games. Dan Paymar. An excerpt from the La Times:. Edward O. DP on VP. s a somewhat harder one. Thorp’s first card counting system, called the 10 Count System, was the first publicly known system to be mathematically proven. Doyne Farmer, J. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Vancouver Sun Archives 1912 - 2021. Edward O Thorp, the 84-year-old inventor of card-counting, was once the target of a suspected Mob hit. ting, and surrender, and (2) because DECEMBER. A child of the Great Depression, legendary mathematician Edward O. There are also many web sites that describe card counting systems and provide software with which to practice. I wrote on page 51 of Beat the Dealer. Recently he made a nice donation to the Blackjack Ball, which ensures the continuance of the ball even after it’s founder, Max Rubin, passes away. Along with innovative applications of probability theory, Thorp is also The New York Times bestselling author of “Beat the Dealer,” the first book to mathematically prove that the. Thorp began his gambling career while he was a professor at MIT. Edward O. Edward O. St. He is also the author of A Man for All. A New York Times bestseller. The father of card counting details his revolutionary point system that gives blackjack players the edge they need to win. This series documents Thorp's writing and research related to gambling, game theory, mathematical finance, functional analysis, probability and statistics, and other various topics. Thorp is a legend in both the gaming and the quant worlds. July 22, 2017. Thorp later proved players could beat the house in blackjack by. cards is an invaluable asset in the detection of cheating because aIt's tempting to think of Edward Thorp,. This book teaches players the basics of the game but also instructs the reader in basic strategy and card counting. He went to Las Vegas on a holiday vacation and experimented with a blackjack strategy about which he recently read. Tommy Hyland. Ken Uston. . It was in his book, Beat the Dealer, first published in 1962, that. His father fostered this exploration, even during the lean years of World War II, giving him advanced books to read and treating him to special gifts, including a mineral set Ed fondly recalls experimenting with during. Edward O. Indeed, in 1969 Thorp did discuss a similar strategy in his book 'Beat the Dealer,' in the fourth chapter titled "A Winning Strategy. Math has never been cooler than in the presence of Ed Thorp. Ed Thorp published his guide to beating blackjack. " Harry. Q. Quả là một con số kinh khủng! Nếu Edward Thorp chỉ tập trung chơi bài Blackjack thì 1 năm cũng kiếm được chừng 400. That’s the quest that first got Thorp interested in blackjack. Identifying a method that works for you is essential. By R. Forex316. Edward O. Tommy Hyland. Thorp. Blackjack For a general discussion of blackjack, see Thorp. Having brushed shoulders with casino mobsters and survived, he shared his secrets with the world, launching a gambling renaissance. Thorp revolutionized the casino industry by developing card counting systems for the casino game of blackjack. Ed Thorp used math to become the first person to beat the casinos at blackjack. Abstract: This collection comprises the papers of Edward O. Thorp is the father of card counting, and in Beat the Dealer he reveals the revolutionary point system that has been successfully used by professional and amateur card players for two generations. For the unfamiliar, Thorp was one very successful investor, blackjack player and mathematician. Thorp's. I was intrigued. Summary. ArticlesEdward Thorp was the first person to employ the Kelly Criterion, or “Fortune’s Formula” as he called it, to the game of blackjack. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. D. -P. It started the blackjack craze in the 60s. Earlier Strategies After publishing this section, somebody accused me of stealing the idea from Edward Thorp. He gathers all the information he can by watching the first round without making a bet. 99/year Edward O. Playing Blackjack to Win. 240) Written in 1966, this is THE original gambling book. He is also the author of a guide to. Thorp arious counting SYS. Ed Thorp is an American maths professor, author, blackjack researcher and founder of one of the first quant hedge funds. And simply stated it changed everything. His take was computing the odds and then testing. Edward O. . Keep reading to find out more on Thorp along with how he. Ed Thorp is one of the fathers of blackjack card counting. Edward Thorp doesn. Edward Thorp tên đầy đủ là Edward Oakley Thorp, sinh năm 1932, là một giáo sư toán học người Mỹ. criterion to Casino Blackjack in [31, to other gambling games in [4], and to modern portfolio theory In In the coin-tossing game just described, since the gambling probability and the payoff at each bet are the same, it seems intuitively clear that an "optimal" strategy will involve always wagering the same fraction f of your bankroll. 148. Ed Thorp is a mathematician, former professor, hedge fund manager, book writer, and blackjack researcher. He also provided a. After reading the classic book Beat the Dealer, by Ed Thorp, Kaplan started card counting in Las Vegas and eventually ran a successful blackjack team there (1977). Processing History Processed by Sarah Glover, 2018. “Edward O Thorp is the author of Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and Beat the Market, which showed how warrant option markets could be priced and beaten. The Horse Hedge Method. Author of Beat the Dealer, Edward Oakley Thorp was born in August 1932. He later met with Massar. Ed Thorp Blackjack. 110—112_ A FAVORABLE STRATEGY FOR TWENTY-OSF. Ed Thorp (Photo Courtesy of Ed Thorp) Noticeably absent from this year’s Blackjack Ball was Professor Ed Thorp. A Dozen Lessons on Investing from Ed Thorp. Thorp The question I will answer is how to "manage your money" inEdward O. An American mathematics professor, author, hedge fund manager, and blackjack researcher, Thorp pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. He is regarded as one of the best hedge fund managers in the world. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Recently he made a nice donation to the Blackjack Ball, which ensures the continuance of the ball even after it’s founder, Max Rubin, passes away. " Which, by the way, is the ultimate objective of. 6%. This book is an excellent read for anyone interested in learning more about the game of blackjack and who wants to learn Thorp’s unique winning strategies. 4 Bibliography. About Edward O. Theo phát ngôn của Thorp, Blackjack chỉ có thể đặt cược khoản nhỏ và điều này khiến ông. 8. Edward O. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. If you have $2000 in liquidity or capital at the blackjack table for example, you can’t bet more than $20 a time or else volatility or negative fluctuations can wipe you out and ruin the player edge from. The final operating version was tested in Shannon’s basement home lab in June of 1961. (More on this shortly. Reception. Edward Oakley Thorp ( Chicago, 14 de agosto de 1932) é um matemático, gerente de fundo de cobertura e jogador de blackjack estadunidense . Up until that point it was believed that it was impossible to legally beat. Thorp. Professional Blackjack by Stanford Wong and Playing Blackjack as a Business are two classic texts. The values for the Thorp Ten Count can be seen in the table. Edward Thorp xem chừng vẫn phông độ dù ở tuổi 84, là một thiên tài toán học, ông từng tìm ra cách đánh bại các nhà cái trong trò blackjack khi đang làm nghiên cứu sinh tiến sĩ tại Học viện công nghệ Massachuset (MIT). Set atop a half-acre lot in gated Pelican. Four Horsemen of the Apocalypse is the name given by gambling authors to the four U. Edward Thorp was the first one who explained the concept of card counting to average players in 1962. The cigarette pack. Ông cũng được biết đến như tác giả, người quản lý quỹ phòng hộ và nhà nghiên cứu blackjack (trò chơi bài được. Michael S. Thorp is the father of card counting, and in this classic guide, he shares the revolutionary point system that has been successfully used by professional and amateur card players for generations. The amazing career of Ed Thorp -- which has included creating a system to beat the house in blackjack, uncovering the Bernie Madoff scam 17 years before it was made public and racking up eye-popping returns at his hedge funds while avoiding the risk that killed others -- is detailed in a great new book by Wall Street Journal reporter Scott. Thorp & Associates EOThorp@ix. M, Max Rubin. (They "put him to the test" by having him teach panelist Henry Morgan the method. Thorp is a true inspiration. He released it a year ago, and now there's evidence in: it works David E. From Mathematician to Vegas’ Worst Nightmare. Edward Thorp. " The difference is that Thorp's. Edward O. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. [1] As part of this work he collaborated with. Kelly optimal betting. Bill Benter 2016 A former. Thorp’s first card counting system, called the 10 Count System, was the first publicly known system to be mathematically proven. Thorp asked himself: what is the best betting strategy when the odds are in your favour? Imagine there is a bet where the chance of winning is 55 percent. Blackjack (formerly black jack and vingt-un) is a casino banking game. Follow. He revolutionized gambling as he proved how to beat blackjack with card-counting and invented the first. Thorp is credited with being the first person to mathematically prove that card counting could be used to win the game of blackjack. Brought to you by Wealthfront automated investing Athletic Greens all-in-one nutritional supplement The casino industry certainly viewed Thorp as an outlaw after his book “Beat the Dealer” appeared in 1962. Thorp's reply was a big 'No'. The reader find her. エドワード・オークリー・ソープ（Edward Oakley Thorp、1932年 8月14日 - ）は、アメリカ合衆国の数学者。 エド・ソープとも呼ばれる。彼は、数学理論をブラックジャックなどのカジノゲームに適用したことで有名である。 金融工学者としても知られている。Ed Thorpe card counting, in short, was about assigning value to certain cards. m. Freaked-out casino magnates held a secret meeting at the Desert Inn to try figuring out what to do about Thorp and those who had been inspired by him. Episode 749: Professor Blackjack. tion in blackjack is more complex than the coin toss game because t l) the payoff on a one-unit initial bet can vary widely, due to such things as dealer or player blackjacks. It is more difficult now because casinos have fewer games with good rules and they also have learned to detect and discourage card counters. The authors had developed their strategy for a complete randomly shuffled deck. Edward Oakley Thorp is an American mathematics professor, hedge fund manager, and blackjack player. In 1962, Edward Thorp published his findings of an optimal blackjack strategy using a high-speed digital computer. Toggle Computer-aided research in blackjack subsection. Thorp Once again. Length: 6 hrs and 8 mins. 1 have bCen victi- m:zed by most of the more common techniques and have catalogued them in Beat the Dealer. Thorp was a mathematician who figured out that by removing a single 2 from a deck of cards made blackjack a positive expectation for the perfect basic strategy player. His subsequent book, Beat the Market, co-authored with Sheen T. 29. Many of us dream of that elusive casino win, the in which we beat all the odds and, hopefully, break the bank in the process. From a very young age, Ed Thorp has been driven by a natural curiosity that pushes him to embrace challenges and investigate complex ideas. A 2% edge is enough to secure a fortune in the long run. doubling down. This paid off later on because there weren’t any courses in how to beat blackjack, build a computer for roulette, or launch a market-neutral hedge fund”…I found that most people don’t understand the probability. 4. Ken Uston was the best blackjack player, author, card counter and manager of blackjack. Along the way, he was drugged, threatened, and cheated by casino bosses who initially mocked his published methods. We will present some useful formulas and methods to. Blackjack likely originated in 18th-century France, when it was called vingt-et-un which translates to "21. He was a pioneer in modern applications of probability theory, including the harnessing of very. I. With Jon Hirschtick, Ben Mezrich, Mr. John Kelly publishes the Kelly Theory of bet sizing. The book is important because it's the first published book about how to count cards in blackjack, five years before the famous Beat the Dealer by Ed Thorp. View the Blackjack "Basic Strategy" Chart. Edward O. 10—10, J— A—I. THORP Edward O. A Dozen Lessons on Investing from Ed Thorp. Can casino be beaten? Ed Thorp. Having brushed shoulders with casino mobsters and survived, he shared his secrets with the world, launching a gambling renaissance. Toe. Thorp’s father was a strong proponent of education, and he worked hard to. Beat the Dealer by Edward O. However, this all changed when a mathematician named Ed Thorp revolutionized card counting. Edward O. This was before he wrote his book "Beat the Dealer" in 1962. Blackjack Edward Thorp, the aforementioned thoughtful professor, shakes up the world of gambling with a system to beat a great card game. We will present some useful formulas and methods to answer various natural questions about it. The first three chapters of Beat The Dealer will give any aspiring blackjack expert an excellent conceptual foundation from which to start. Thorp received his Ph. He’s the man who beat the dealer, and later, beat the market. ting, and surrender, and (2) because DECEMBER. Introduction 387 2. He is best known as the author of Beat the Dealer (1962). This book, published in 1962, was the first that actually mathematically proved that blackjack was beatable using card counting techniques. His subsequent book, Beat the Market, co-authored with Sheen T. Reading Edward Thorp's 1967 book "Beat the Market" in the summer of 1968 changed my life. com, iGaming Business, GamblingOnline, and Jackpots Review magazines,. Having overcome the odds in Blackjack, a year later Dr Thorp and Claude Shannon, built the world's first wearable computer to beat Roulette. Click here to see the total pay, recent salaries shared and more!View Elizabeth Thorp’s professional profile on LinkedIn. Ed Thorp was one of the original 7 members inducted into the Blackjack Hall of Fame in 2002. com, iGaming Business, GamblingOnline, and Jackpots Review magazines,. Edward O. Edward O. To me, this “sampling without replacement”, or “dependence of trials. Les Golden, the celebrated blackjack, roulette, and craps columnist for Bluff Europe, Gambling. Blackjack luminary, Ed Thorp, attended the Ball for the very first time. Edward Thorp’s trading strategy is a testament to the power of mathematical thinking in overcoming the odds. Thorp became interested in blackjack after reading a paper that provided a way to play the. 1 Before he shut down PNP, he was basically turning it into the first multi-strategy hedge fund (and later invested in the most prominent one, Citadel). Even though Professor Thorp was called away at the last minute, I was able to. From his groundbreaking insights into card counting and probability in blackjack to his innovative trading techniques, Thorp’s contributions have revolutionized both the gambling and trading worlds. From there, he devised a system, tested it in real life scenario, and wrote the bestseller. Thorp, whose best-selling classic, Beat the Dealer (which relied on the original Playing Blackjack to Win), changed the public’s. Thorp (@edwardothorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. How did Edward Thorp revolutionize the gambling world? Edward Thorp revolutionized the gambling world by introducing the card counting technique, which gave players an edge in blackjack. In the late 1950s, 26-year-old Ed Thorp was on his way to “lead the usual low-budget academic life” as a maths professor. The author of Beat the Dealer and Beat the Market, he went from math professor and blackjack whiz to renowned hedge fund manager. Ed Thorp developed a simple card counting system that he suggested to use to make the decision to make a. “basic” strategy for blackjack that allegedly cut the House edge to a mere 0. Previous point of departure is the work of Baldwin. While in Vegas, they would usually play blackjack and some roulette as well. In the wake of Thorp’s book, blackjack teams. Thorp, mathematics genius and author of Beat the Dealer, wrote the first book to outline card counting for improving odds when playing blackjack. well discuss how you might spot this cheating method. Edward Thorp (Blackjack) Edward Thorp is a maths professor, fund manager and famous gambler. The cigarette pack. 15 languages. Famous for playing: Blackjack, baccarat. Petersburg Paradox. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. About Edward O. Edward Thorp was the first one who explained the concept of card counting to average players in 1962. EP 109: The man who beat the dealer, and later, beat the market – Edward ThorpI’m not sure how to best say this, but Edward Thorp, is kind of a big deal…Not. Edward Thorp, The Black-Scholes Model, & The Nobel Prize. Thorp was the author of the first important blackjack book, Beat the Dealer. This collection comprises the papers of Edward O. Known as “the father of card counting”, Edward Thorp invented the original system and later used it in real-world. Synopsis. Edward Oakley Thorp is widely regarded as the creator of card counting, a popular gambling technique in which players keep track of which cards have been played and which cards are still in the deck. The exhibit highlighted the extraordinarily diverse life and career of Edward O. Description. In 1961, lifelong gambler Mann. 1 Before he shut down PNP, he was basically turning it into the first multi-strategy hedge fund (and later invested in the most prominent one, Citadel). Edward Thorp (Baccarat, Blackjack) Edward Thorp net worth: $800 million. | Joined Apr 2004. Indeed, in 1969 Thorp did discuss a similar strategy in his book 'Beat the Dealer,' in the fourth chapter titled "A Winning Strategy. His story is one of innovation, perseverance, and success. Sau khi xuất bản cuốn sách đầu tay năm 1962 về cách đếm bài. Please enjoy this transcript of my interview with Edward O. I remember Larry Hite in "Market Wizards" talking about reading "Beat the Dealer" by Thorp and throwing away his copy of "Principles of Security Analysis" by Graham and Dodd. Former math professor Edward Thorp will receive UCI Alumni Association’s top award May 16. After starting out as an American mathematics professor, he soon became a very successful quantitative hedge fund manager as well as a blackjack and roulette player. He also was the co-inventor of the first.