Michael Covel's Trend Following cover image

Ep. 750: Eclectic Mega Episode with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Power of CardCounting in Blackjack

Ed Thorpe was a mathematician he came to MIT and while he was very he read an article about some people who had done this mathematicians leave it the Aberdeen proving ground actually. He realized that he could probably come up with a better way of doing it so he did come up with this strategy now called card counting because in blackjack you know if you keep track of the cards as they're played at that time they were dealt from a single deck. If you could use that to adjust your strategy in terms of how you play and how much you bet on each hand  it's amazing to have an advantage in any sort of casino game.

Play episode from 28:35
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app