085: Blair Hull – Know Your Edge, Exploit Your Edge—Survive the Game
Chat With Traders
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The Motivation to Join a Blackjack Team
The team got barred. We all got barred in 1970, I guess it was early 76. And so, but at the same time I had been working on developing a model that would calculate the expected value of an option. That model actually converges to another model that was developed a year earlier called the Black Scholes Model. So I had a value, I had avalue for the option and then I tried to buy under cheap options and try to sell expensive options. That was the strategy. Okay. Was that one of the reasons for joining the team as well? Well, certainly it did help to get more money into action, more, more individual bets allowed you to get into the
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