Math genius became a famous investment billionaire that made both Wall Street and America’s best casinos “respect”

Edward Oakley Thorp (born August 14, 1932) is an American mathematics professor, and is also a well-known author specializing in math, economics, investment and hedge fund manager. Besides, he is also one of the geniuses of mathematics who devotes his time to researching and finding out how to beat the bookmakers in blackjack by applying statistical probability theory. He pioneered modern applications of probability theory, including exploiting very small correlations to achieve astounding financial benefits.
From an early age, Thorp was famous among friends for his ability to learn quickly and diligently read books. With great efforts on the way to study, it was not difficult for him to get his Ph.D. at the University of California in 1958.
After graduating, he was offered a position as Professor of Mathematics at Massachusetts Institute of Technology (MIT). In his spare time, he often invites friends to the big casinos in Las Vegas to relax and earn more. This is also the starting point for a legendary speculation in the financial market later.

A mathematical genius, he figured out how to beat the bookmakers in blackjack using the theory of statistical probability. After publishing his first book in 1962 on how to count cards and winning the house, he became so popular that several casinos banned him from playing. Many casinos have also had to change the rules of the game so that people using his card count system cannot win and take all their money.
Thorp’s talent continued to shine as he entered the stock market. Still not satisfied with the ultimate success at the casino, Edward Thorp went on to enter the stock market.

It seems that only the pinnacle of the financial market can help him show off his remarkable intelligence. On Wall Street himself, he made hundreds of millions of dollars. Born in 1969, Thorp’s Princeton Newport Partners fund is considered the world’s first quantitative speculative fund (ie using algorithms to automatically trade).
Twenty years have passed without a quarter that his fund has lost money, from an initial $ 1.4 million now to $ 275 million, achieving yields more than double the growth rate of number S&P 500. It can be said that his superior math skills, option pricing and computers gave him a huge advantage over other investors.
Thorp’s work has earned him the title of “godfather” of many of the world’s greatest investors. Warren Buffett, Thorp’s close bridge player, advised the investors of his first hedge fund to switch to Thorp’s fund.

Ben Affleck said that the casino “banned”

Previously, a number of online newspapers and forums published information that Ben Affleck was banned by Hard Rock Casino in Las Vegas because of playing too good. This actor is still allowed to play other games at this casino. However, some sources revealed that Ben Affleck was banned at the casino for using card counting techniques, in a cheating manner.

Many speculations, semi-doubts about this news and things gradually subsided. However, in the latest interview, Details magazine asked Ben about this incident and he confirmed that he was caught counting cards while playing blackjack and won a lot. Because of that, he was escorted outside by security guards, forbidden to play this game anymore.
That is a true story. I took the time to learn, learn and become a good blackjack player. When I became good, the casino asked me not to play blackjack anymore, ”said Ben.
It is not illegal to use card counting techniques while playing blackjack, but it is generally not acceptable at casinos.

Ben Affleck also said that normally for someone who is addicted to gambling and grinding their head into it, the casino will not ask that person to leave. Even if they spot a player using tricks, they won’t chase away, but some will say, “Hey, you can’t play blackjack here, we see you count cards. But, you’re welcome here, eating, watching a show or whatever you want. We know you don’t play dice but give it a try because we welcome you and want you to stay with us.

When asked what the experience was of being escorted from the casino, Ben said it wasn’t impressive at all. “I wish I could be scared, worried or at least shouting, angry. But they just said:” Do not play blackjack here anymore “- Ben said.
This actor added that he did not explain. He also say anything about how the online newspapers and tabloids discussed much about this matter. Because he found it not worth it. He also doesn’t think it’s too bad to be described as a good card player.
When Ben was addicted to gambling, his wife Jennifer Garner was very upset. His family was in big trouble. But luckily for Ben, he went to rehab and gradually got out, his family was happy again.

10 classic tricks at casinos (Part 1)

According to research firm Spectrum Gaming Group, in 2011, the casino industry brought US $ 62.8 billion. However, casino owners always face increasingly sophisticated player scams.
The casinos all have cameras at their desks to detect suspicious behavior in time, but many gamblers still find ways to cheat. Analyst George Joseph at Worldwide Casino Consulting estimates that each year the casino industry loses about $ 10 million due to fraud.
These tricks are rich and varied, from the use of traditional hand-swapping tricks to those with the help of high-tech equipment.
Here are 10 of the most popular casino cheats:

Shuffle cheating cards

This trick requires the cooperation of a shuffler. During the dealing process, this agent will secretly keep a number of cards in a fixed position, helping the colluding players know in advance what the cards will be dealt.
This ploy is widely used by a gambling fraud line called “Tran Organization”. The organization bribed the dealers and managers at the casinos, and lured them to shuffle their cards to cheat on the signal of him and his accomplices. According to FBI files, the Tran Organization tricked 27 casinos in seven different states in the US and in Canada for more than $ 7 million. This incident shocked the casinos across the United States. More than 40 people of this line, were apprehended, who suffered the heaviest sentence of 20 years in prison and a fine of $ 250,000, compensating the victims of the scam.

Place the cards on the roulette wheel

This is one of the old tricks at the casinos, but still rioting. This trick is relatively simple. The cheater quickly places his card (Chips – an object shaped similar to a coin but thicker used to place bets) into the winning number box after the ball is in it. Usually two players collude to commit this cheat. The first person distracts the scrambler while the second person places the cards in the winning box. If the second person is caught, his card will be removed from the wheel but the first player’s card will remain.

Use secret camera in scratch card game

Scratch cards are a style of playing with a deck of cards with two or more people, with no limit to the number of people, but each person must have three cards. The goal of this game is to get a set with a total score closest to 9. The player cheats in this game by placing a small camera in the sleeve. The camera records information about which cards will be drawn and passes to an outside accomplice. This guy is responsible for informing the player that information through a headset. This trick is commonly used in scratch cards but can also be used in blackjack.

Because of the social distance, the American city of Las Vegas was severely damaged by Covid-19

About a third of the local economy comes from the hospitality and entertainment industries, making Las Vegas a city affected more than any other US metropolitan area.

Las Vegas is something of the opposite of the social divide
Even on the floor, there are signs to remind players to keep the required distance. Adam Wiesberg, El Cortez’s general manager, said: “The days of 16 people standing around the dice table are gone now.
While many cities and states are struggling with reopening, the risks to Las Vegas are high. About a third of the local economy comes from the hospitality and entertainment industries, making Las Vegas a city affected more than any other US metropolitan area. And when the city reopens after weeks of pandemic closure, it’s going to be a very different place.

For now, many of the major hotels and casinos in the Las Vegas Strip remain closed. The famous buffet in it is also no longer held, the nightclub must comply with the same requirement. Major conferences, popular live shows and sporting events are not clear when they will be held again.
For big companies like MGM Resorts International, Wynn Las Vegas and Las Vegas Sands – which reopen and require employees to wear gloves, gambling accounts for about a third of their revenue. Meanwhile, the remaining 2/3 comes from hotels, restaurants, nightclubs, spas, swimming pools and other entertainment programs.

Is the “shortened version” of the city able to attract visitors who have come to bustling parties, nighttime music events and “all-out” evenings at night clubs?
“Part of the reason these companies can charge $ 25 for a vodka soda is energy and positive emotions in the amusement park,” says Chad Beynon, an analyst at Macquarie Group. If the clubs don’t open and you can’t feel the party atmosphere, will you come? “
Brian Labus, an assistant professor at the School of Public Health at the University of Neveda, said: “Nobody will go to Las Vegas to have fun alone. It’s a place where people go to interact with others.

How to Count Blackjack cards

With blackjack, the card counting trick gives players an edge in the casino. Unlike what people think, card counting is not illegal or requires any transcendence … However, it is often strongly opposed and therefore, in order to do it, you will have to learn how to work. Be extremely careful … Anyone can learn to count, as long as they practice hard.

Get familiar with the game

Learn the basic strategy. First, you cannot count effective cards without understanding the pros and cons of a basic blackjack strategy. Obviously you can still count cards, but it won’t win you anything. Don’t learn to run before you practice walking. If you’re going to count cards at casinos, it’s best to practice there. Other than the table, there are a ton of things happening on casinos that we must consider – such as hiding you from fooling people. When you play blackjack with a clever strategy, you leave the house edge almost zero. Every game on the casino is in favor of the house and so this is a good number for you!

Make blackjack as easy as breathing. With blackjack, be a machine, make your best choice in seconds. No need to open a book, flip a notebook, or even a second to think, practice to be able to play even with blindfolded, hand-tied. Knowing the game like the back of your hand is the only way you can make money. Card counting only gives one percent advantage. If you put 2 million dong, it would be 20,000 dong. The only way that this 1% will bring billions in the bank is to turn it into a true art.

Familiarize yourself with the concept of card counting. The general strategy here is the Hi-Lo (High-Low) strategy. The big hand is assigned a specific value (-1) and the low hand too (+1). When cumulative, we obtain the incremental count value. That is all. The more you simplify things, the less your brain will be overloaded and so take this simplicity as a good thing. Understand why card counting works. That’s because big hand (ten) increases the chance of winning blackjack and taking 3: 2. They also increase the likelihood of the distributor being “quacked”. Low hand, on the other hand, is not good for the player (wants to blackjack and beat the dealer) but is good for the dealer (prevents them from being penalized with a score of 16 or less).

Las Vegas is free of sin

Being a playful capital, Las Vegas always seems to be crowded with customers squeezing in to check-in with the neon sign “Welcome to the great Las Vegas”, or find a place to eat on the Las Vegas Strip (The Strip). The crime city is famous for its 24/7 entertainment, from gambling, betting, roulette … in casinos, partying overnight in striptease clubs, discos, and bars. bar …
Money is easy – and easy – in the blink of an eye. Today, in the shadow of Covid-19, Las Vegas is in bad luck. Although there are few places left untouched by the pandemic, nowhere is the pace of the decline as fast as the money-making city of Nevada. Casinos, hotels, discos … those that once raised $ 60 billion from tourists are now empty or closed.
The Strip, the entertainment mecca, attracting 49.5 million visitors from all over the world, is now forgotten. Even the replica of the Statue of Liberty here also wears a mask, no figure of tourists taking a selfie next to the flashing neon signs.

Inside the Venetian resort, gondola rowers sit bored by the man-made canal without guests. Door-to-door posters featuring shows from Cirque du Soleil circus troupe, A-list superstar Robbie Williams, Lady Gaga and Diana Ross – all were canceled.
Even the most popular striptease halls are no longer open to welcome guests. Nightclub 18+ Little Darlings is closed, with the sign: “Sorry, we got dressed” – pun for “closed” announcement.
The Nevada Resort Association warned that resorts and hotels in Las Vegas could lose up to $ 39 billion by the end of the year – almost a record compared to conventional profits. The Las Vegas Business Bureau estimates that 40% of restaurants are likely to be permanently closed.
Ben Jacobs, a 23-year-old tourist from Los Angeles, came to Las Vegas with a friend for a vacation, but they only stayed for one night. Because, the city is too quiet compared to the usual scene.
“Like in the zombie apocalypse. Vegas is where you go to buy laughter and fun, but now it’s so quiet, everyone wears a mask,” Jacobs lamented. “There is no contact between people.”

Even in the casinos that have welcomed visitors back, the atmosphere is completely strange with the fenced areas, only a few counters are active. One blackjack dealer explained: “The idea is to gather customers in small areas to create a more crowded feeling. Everyone has been affected by the pandemic, but Vegas is shattered. This is the city. made for entertainment. “
“I’m lucky to have a job. Dozens of my friends have been fired, most of them switching to supermarket shelves or doing whatever they can to survive. Worst of all. is not knowing when things will return, “the man said.
In fact, some places may never reopen. The Palms just spent $ 690 million last year on refurbishment, famous for its new luxury apartment “Empathy Suite” that costs $ 100,000 a night. This casino hotel is still closed.
Frank Fertitta, CEO of Red Rock Resorts that owns The Palms, admits: “We don’t know when – or if we can reopen”.
Inside every casino, all dealers wear masks and hoods, and guests must also wear masks. The cleaning staff is on duty to spray and disinfect the entire machine right after guests leave.
Waitresses dressed in super-short skirts – once symbols of Vegas are no longer allowed to serve guests at the gambling table. They may not be the main characters in the casino, but the casino seems lifeless in their absence.

Mathematics explains that gamblers are finally getting rid of, failing

In a life full of fluctuations, just a small change can make an event happen in a completely different direction and like the Domino effect, it leads to a series of other changes.
This is described in the famous butterfly effect by meteorologist and chaos theory expert Edward Norton Lorenz in 1972, but in many cases we can fully list the events. can happen.
Then we have a sample space where we can calculate the likelihood of that event happening, which mathematicians call it probability. This is a concept first introduced by mathematician Girolamo Cardano in 1526.
It then became the premise for a new branch of mathematics: probability theory. In fact, gambling or black jack also follows the rules of probability. Capital probability is an objective matter, so winning or losing in gambling is also purposeful, unlucky, random.

Although there are many forms of gambling (soccer betting, online betting, number cards, Blackjack, crab ball, forward hand, mahjong, paddle etc) and each has its own rules, The rules of the game, the odds of winning are different, but the dealer always has an advantage over the player.
First, the house always has enough knowledge, skills or even tricks, tricks, deep experience in the game that they own, while the player (mostly “fuzzy chicken”) is difficult to compare. comparable in this clause.
The bookie always has a strong financial resource, a professionally diversified human and talent resource in order to collect information, so there is a deeper and more scientific analysis than the player.
They have advantages that players do not have such as:
Game rules: is a method of play that the dealer offers in which the dealer sets a rule in his favor (for example, in blackjack if both the player and the dealer win, the player will still lose because of the petition. That is simply the law that the house makes).
Moreover, this advantage also means that the house also affects on the total bet (plus the winnings), not just the amount you bring, when you play on the winning amount also means that the dealer will have. advantage increases.
Second, in general, even if you win, it does not mean that the dealer has lost, the profit that the house gets is in all the players, not the individual, the customer. , the bigger the player, the higher the commission rate the dealer has.

In the roller tables in the province of Manitoba (Canada), the roller wheel has 37 numbers (1 to 36 and 0). The theoretical probability that the player thinks they will win will be 1/37, however the actual probability of the dealer will be 1/35 (slightly better than the player 2.7%).

  • In American Roulette (consisting of 38 numbers), the player’s odds of winning are 1:37 and the payout in case of the player winning is 1:35. And the house has the advantage of 1/19 (about 5.26%).
    In Baccarat, the house edge is 1.25%.
  • In Blackjack, because the rules are different at different locations, the house advantage is only 1%.
  • In the lottery game, if you hit 2 numbers on the tail, it will only eat 70 times, this probability is very small (1/100) while the dealer has a 30% chance of winning.
  • Examples of other common gambling genres where the house has a probability advantage: Pai Gow, Let It Ride, blackjack, 3-card poker and Caribbean poker, mini- baccarat, poker (poker) …

Monaco- The best nightlife experiences

Monaco is known for its lavish and glamorous nightlife. From the casinos and nightclubs to great opera houses.
It will not be strange that this small country has become a huge magnet that attracts a lot of celebrities, wealthy people, and thrill seekers over the years. From epic gambling institutions that used to be the setting for many Hollywood blockbusters to sophisticated clubs and quality restaurants, Monaco is the epitome of European luxury life.
In addition to the high life, you’ll also find some high-end culture here. There is opera, and even in the summer there is an entire theater that often holds performances in the evenings full of or and passionately. Check out our recommendations below for the best nightlife experience in Monaco.

The Casino of Monte Carlo

The luxurious Monte Carlo Casino is an iconic casino and entertainment complex and is one of Monaco’s most popular landmarks. Tiled in beautiful marble and copper is no surprise that this building has been the backdrop to many Hollywood movies such as Ocean’s 12 and several James Bond films. The casino offers players a wide range of games for them to enter: roulette, blackjack, poker stud, craps and slot machines.

You will need to pay a fee and present your identification to enter here. Although there is no specific dress code, if you are a man, you should wear a jacket. If you want to know the history of the place, there are audio tours for you. Keep an eye out for one or two famous people!

La Note Bleue
La Note Bleue is a bar that will provide you with a more relaxed alternative to the bustle of Monaco’s nightclubs. It basically includes a living room and a jazz restaurant. The bar regularly hosts live concerts and performances throughout the week. The cool atmosphere attracts both residents and tourists to enjoy a cocktail and immerse in the delicate but extremely comfortable space.

There are also food items with tapas that are worth enjoying while you are sipping a cocktail. There is also an outdoor courtyard, you can enjoy a view of the Mediterranean. You will find an adjacent private beach in the foreground, a great place to quench your thirst.

Jimmy’z
The legendary club Jimmy’z Monte Carlo has been an organization of Monaco for over 40 years. If electronic dance music is your thing then this place might be worth taking on the journey. Some of the world’s most famous DJs have played here: Mark Ronson, Robin Schulz and FatBoy Slim. In addition to the large dance floor, it also has an outdoor bar and seating area. So that you can breathe and enjoy the crowded space.

The newly renovated self-billing venue is the “VIP’s Favorite Club” and the drink prices will reflect this. You can spot some business faces in popular shows when you come here especially at the parties held during the F1 season. There is a selection of participants here. So prepare yourself mentally to be able to see if you will be the ones who have to leave or who will be in.

The reason why casino still achieves high revenue even though customers win a lot of money

The casinos always take measures to prevent fraud, implicitly affect players’ psychology, to set the odds to maximize profits.
If you have a chance to enter the casino, keep an eye on your surroundings, you will probably discover how the dealer controls and influences every player’s experience: from the rules of each game, the music played through the speaker system, to the color of the carpet …

The rules of the game are depended on the house
The House always has rules that players must follow. Depending on the location, the rules for players in the casino may follow legal regulations to ensure the dealer does not go over the limit.
In a blackjack game, for example, a player can count cards to follow and determine which dealer or player has the advantage. This is a legal rule, but that doesn’t mean the dealer will like it.
In Atlantic City, New Jersey (USA), state law prohibits casinos from applying card counting. While the state of Nevada does not have any laws that protect such players in Las Vegas casinos. The dealer can ask the guest to stop or even ban it if they count the blackjack cards.

Lottery games often have the worst odds, with the house edge of up to 35%. The player’s odds are better in card and dice games. With blackjack, the dealer only has an advantage of about 1% to 2% on the good players, and increases to about 20% for amateurs.

Keep guests playing for as long as possible
Interior design conventions in casinos are increasingly evolving, but the unchanged goal is to get guests to stay for as long as possible. Traditionally, casinos often have no windows and clocks, and lighting is controlled in order to lose the sense of time for players. A casino makes almost no difference at 3am or 3pm.
Casino design consultant Bill Friedman revealed how interior arrangements also make a big difference to the casino space. This expert likes to turn the casino into a Muslim maze with short and narrow paths, wide horizontal game areas.
This design is not intended to mislead players, but instead to limit their vision and limit the scope of the game space. Friedman revealed that this will implicitly deceive visitors, causing them to walk around and discover many new games.

Roger Thomas has applied the same principle to the Slot Games room in the casino in Las Vegas. Initially, Thomas designed a space for an elderly male guest, giving it a dim-lit nightclub feeling. But then this architect discovered, the most frequent visitors to this room are women. Thomas installs windows to receive natural light providing an atmosphere that is more attractive to female guests.

Catch cheaters
Although the casino industry makes hundreds of billions of dollars a year, bosses have to work hard to suppress fraud. Immediately alerting the authorities if they suspect players are misconduct. In 2012, the Macau police arrested 17 people for defrauding HK $ 90 million from three casinos. The subjects include the dealer who uses a hidden camera to take pictures of the cards on the table.

In modern casinos around the world, placing surveillance cameras is a top priority design. To catch scammers, the casino trains staff to observe and detect suspicious signs. Beside, thay need to combine with a dense camera system throughout the ceiling. Most bookmakers have hundreds, even thousands of cameras, many cameras with 360-degree views, with a 24/7 live security team. Some places also use facial recognition technology to track suspicious people.
After all, the house always wins because casino is a business. They need interest to stay afloat. In addition, the ecosystem of casinos from resorts, hotels, spas, restaurants aimed at collecting money from customers. Therefore, many players need to be awake to stop the game at the right time.

The most luxurious casinos in the world

Venetian Macao has up to 45,000 square meters just for playing cardspace, and guests playing Casino du Lebanon must prove their income over 33,000 USD per year.

The Bellagio

Anything at this Las Vegas (USA) casino-hotel complex is far from standard. The tables here are only for those who burn money without regret. The hotel’s restaurant is Michelin star, with chefs winning James Beard awards such as Todd English or Michael Mina.

The Ritz Club

The Ritz Club is considered a hot spot of London (UK), due to only serving certain customers. Decorated as a palace, this is where guests can enjoy 24-hour dining and entertainment. The service here is so perfect that you could hardly expect anything more.

Casino de Ibiza

A place as complicated as a casino should definitely not bring kids. But on the contrary, Casino de Ibiza (Spain) also provides babysitting services so that their parents can comfortably try their luck.
This place is also an ideal place to relax with high-end reflexology, massage, and sauna services. In addition, with cool weather in summer, guests can also have fun at the beach or enjoy the 5-star restaurants nearby.

Park Hyatt Mendoza

This Argentina casino and hotel is truly a place to spend money, with modern luxurious rooms, exquisite to every detail in Spanish architecture. Another huge plus point is the very professional service style of the staff.

The Cosmopolitan

The Cosmopolitan is one of the emerging casinos in Las Vegas. This 9,200 square meter casino owns the best nightclub in America, with VIP tables and many other attractive services to keep customers. In addition, the new technology also allows customers to play cards on their mobile devices anywhere within the casino.

Casino du Lebanon

Casino du Lebanon was granted an exclusive license by the Lebanese government to operate in the field. With that advantage, this casino earns a lot and invests in the most advanced equipment. Visitors here, including politicians, must prove their income over $ 33,000 per year to participate.

St. Eugene Golf Resort and Casino

In addition to the gambling service, guests to this resort can also enjoy the beautiful landscape of the St. River. Mary right from the hotel room window. However, the most expensive point is the luxury golf course here. Visitors can book schedules, buy kits, and be guided enthusiastically by professional trainers.

Monte Carlo Casino

Monte Carlo Casino, built-in 1863 in the French style, is one of the most luxurious casinos in the world and a great source of income for Monaco. Visitors here are served as gods, comfortably enjoy services such as camping on the beach, swimming pool overlooking the Mediterranean … This casino also regularly appears in the scenes of the series “Spy 007 ”.

Wynn Macau

Inside Wynn Macau, in addition to the card game area, there are also fashion boutiques of Gucci, Cartier, Chanel and Hugo Boss. In addition, there is also a spare part dealer for Ferrari cars. More impressively, the resort’s art gallery is home to a variety of antiques, such as 400-year-old vases or statues and crystal dragons.