Nick Dandolos

Nikolas Andreas Dandolos, commonly known as Nick the Greek, was a professional gambler and high roller who passed away on the 25th December 1966 at 83 in Gardena, California.

Born in Crete in 1883 and during his lifetime, he won an estimated $15 billion in today’s money, and he went from rags to riches a dozen times. Raised rich with a childhood filled with privilege, he received his degree in Philosophy from the Greek Evangelical College. At the age of 18, he moved to the United States and received a $150 weekly allowance from his grandfather in 1901, equating to $4000 weekly in today’s money. He started off in Chicago and started off by gambling on horses before moving on to cards and dice games in casinos.

The Poker Career of Nick the Greek

There are many anecdotes about Nick the Greeks gambling days, but the most entertaining are his exploits with Albert Einstein, where he escorted him to many Poker games in Las Vegas or Manhattan. There are several versions of this story. The one that seems to do the rounds has Nick introducing Albert Einstein to the other poker players as Little Al from Princeton and the State Department in Manhattan set up the game. Nick the Greek has several Double or Nothing stories, and the majority see him walking away the winner after being insulted and criticized.

Many people don’t know that Nick the Greek started the WOSP in Jan 1949, where he played heads up poker with Johnny Moss, which lasted five months. Benny Binion, a master promoter, saw it as an opportunity to create a tourist attraction which later became the inspiration for the World Poker Series.

Final Thoughts

Nick Dandolos estimated he had won and lost a fortune at least 73 times in his life, and in his later years, he was almost broke. He kept playing even when he became ill and died on Christmas day of 1966 a broke man. During his lifespan, he donated over 20 million to charity, and he was fondly known as the King of Gamblers and inducted into the Hall of Fame alongside his once rival Johnny Moss

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Slot Features

Free Spins

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Multiplier Wilds

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Sticky Wilds

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Edward Thorp

Edward Thorp was born in Chicago, Illinois, USA, on 14 August 1932.

The American professor is also a blackjack player and a hedge fund manager.

An invention he is most well known for was his wearable device that exposed mathematical advantages at the Blackjack table. Furthermore, he showed that a player could use card counting techniques to remove the house advantage from blackjack.

Early Childhood

Thorp earned a PhD in mathematics from the University of California, Los Angeles, in 1958. During 1959 and 1961, he was at the Massachusetts Institute of Technology (MIT). The New Mexico State University employed him as a mathematics professor from 1961 to 1965. He then became Professor of Maths and Finance at the University of California between 1965 and 1982.

Thorp used an old IBM computer here to devise his theories on blackjack.

The Game of Blackjack

During his experiments at Lake Tahoe, Reno, and Las Vegas, Thorp tried out his blackjack theories. In the first week, he won $11 000. In addition, he organized a Baccarat team that was also successful.

He also, in collaboration with Claude Shannon at MIT, developed a computer one could wear on their belt. Both Thorp and Shannon used it while playing Blackjack and Roulette in various casinos.

Books on Gambling

Thorp also wrote the book Beat the Dealer in 1966, which sold over 700,000 copies. The book made it to the New York Times bestseller list. In 1967 he published a book titled ” Beat the Market ” that was also very successful.

What is he doing now?

Thorp ran his own hedge fund for 30 years. The firm, Princeton Newport Partners, was a successful hedge fund before it was disbanded. Thorp left the gambling world, but he is still active in the trading world, and at the age of 87, he is worth $800 billion.

Single Deck Blackjack Chart

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