Thorp's Predicting Roulette
Share
This framework outlines Ed Thorp's innovative approach to predicting roulette outcomes using wearable technology in the 1960s, showcasing his application of mathematics and probability to gambling.
Ed Thorp's Roulette Prediction System
- Developed in the 1960s as an extension of his blackjack card counting work
- Aimed to gain an edge over the casino by predicting where the ball would land
- Utilized early wearable technology and a team-based approach
System Components
- Small computer
- One of the first wearable devices
- Used to perform calculations based on wheel speed and ball position
- Two-person team
- Counter: Observed and input data about the wheel
- Bettor: Placed bets based on signals received
- Foot-tapping signals
- Used to communicate information discreetly between team members
- Taps created a rhythm that sounded like music in an earpiece
How it Worked
- Counter observed wheel speed and ball starting position
- Data input into the wearable computer
- Computer calculated probable landing zone
- Information communicated to bettor via foot taps
- Bettor placed bets accordingly
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.