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by bradreaves2 1168 days ago
Claude Shannon[1] claims he did something similar in the early 60's, proving it worked in Vegas. He and his collaborator Ed Thorpe quit playing well before the legitimate businessmen who ran the casinos could realize they were winning too much and have a friendly chat with them about it.

For more, see: https://boingboing.net/2017/07/27/wearable-computing.html

[1] If the name doesn't ring a bell, he discovered that Boolean logic could be used to analyze and design electric switching circuits -- as a Master's thesis. He went on to a storied career at Bell Labs where he invented Information Theory.

2 comments

The story was about Claude Shannon. And Ed Thorpe was the father of modern day hedge funds or something
There is a good interview with Thorp around his quantitive strategy he developed after beating Las Vegas: https://thunderclapresearch.com/a-conversaation-with-ed-thor...
Yes, the article goes into that with photos and everything.