Our guest this week on Gambling With an Edge will be Ed Thorp. We will primarily be discussing his new book A Man For All Markets, but we are open to questions from our listeners. We are taping Thursday morning so post your comments here, or send them to us at [email protected].
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A great honor to be able to have Professor Thorp as a guest on GWAE this week, and I will be looking forward to this.
I hope it is not too late for this Thursday’s taping as I just noticed this post right now. The following question I have is
From a prospective as a mathematics professor, what are some of the greatest pieces of advice you have to offer students after they’ve earned their degree?
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If there is time for another question:
Aside from being known as a mathematics professor, hedge fund manager, and the pioneer of blackjack counting, what are some other things you wish to be known to others in regards to your legacy?
I would like to know what he thinks about the utility of card counting and other advantage plays (hole carding etc.) in modern day casinos relative to that of horse racing. The only billionaires/centimillionaires that I am aware of that made their money primarily through gambling have all done it through horse racing – mainly because of its scalability.
In other words, in his opinion, are James Grosjean and friends, smart as they are, wasting their time and causing themselves unnecessary stress by trying to beat casinos that definitely don’t want them around, when they could apply that same intelligence to horse racing, be welcomed with open arms by the operators, and make hundreds of times the money they currently grind out of casinos?
I’d be curious to hear all three (Thorpe, Richard, and Bob) opinions on this subject, since Bob and Richard both still actively grind out a living in casinos and presumably are smart and well bankrolled enough to get into horse racing but (afaik) haven’t.