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Michael Shackleford (born May 23, 1965, in Pasadena, California, United States), also known as "The Wizard of Odds" (a title taken from Donald Angelini), [1] is an American mathematician and an actuary. He is best known for his professional analysis of the mathematics of the casino games.
A blackjack game in progress. Card counting is a blackjack strategy used to determine whether the player or the dealer has an advantage on the next hand. Card counters try to overcome the casino house edge by keeping a running count of high and low valued cards dealt.
Wizard of Odds may refer to: Michael Shackleford (born 1965), expert on the math behind casino games; Donald Angelini (1926–2000), Chicago gambling mobster;
Oscar's Grind can be applied to non-even bets as well ("streets" in roulette or "doubling" in blackjack); one just has to keep track of the amount and increase the betsize after wins accordingly. There are also variations that try to reduce the variance by waiting for a couple of wins before increasing the betsize.
Other advantages to Super Fun 21 include being able to split a hand up to four times, a player's blackjack supersedes a dealer's blackjack, a player may "double down" at any point no matter how many cards he has been dealt, and the player automatically doubles their money with a hand consisting of five cards or more that total 21.
Three Card Poker is played as heads-up between the player's hand and the dealer's hand. After all ante wagers are placed, three cards are dealt to each player and the dealer.
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Based on his achievements, Thorp was an inaugural member of the Blackjack Hall of Fame. [14] He also devised the "Thorp count", a method for calculating the likelihood of winning in certain endgame positions in backgammon. [15] Edward O. Thorp's Real Blackjack was published by Villa Crespo Software in 1990. [16]