Overview
An updated edition of the classic book that introduced the world to the controversial money-making formula known as the Kelly system.
In 1956, two Bell Labs scientists discovered the scientific formula for getting rich. One was the mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein’s. The other was John L. Kelly Jr., a Texas-born, gun-toting physicist. Together they applied the science of information theory—the basis of computers and the internet—to the problem of making as much money as possible, as fast as possible.
Shannon and the MIT mathematician Edward O. Thorp took the “Kelly formula” to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenally successful hedge fund, Princeton-Newport Partners. Shannon became a successful investor, too, topping even Warren Buffett’s rate of return. Fortune’s Formula traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, and trading desks. It reveals the dark side of this alluring scheme, which is founded on exploiting an insider’s edge.
In the 20th anniversary edition of his now-classic book, William Poundstone offers an up-to-date take on the Kelly formula and its applications today.
This book title, Fortune's Formula (The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street (20th Anniversary Edition)), ISBN: 9781250391124, by William Poundstone, published by Picador (December 9, 2025) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
Unlike Amazon and other retailers who may also offer Fortune's Formula (The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street (20th Anniversary Edition)) books on their website, we specialize in large quantities and provide personal service, from trusted, experienced, friendly people in Portland, Oregon. We offer a Price Match Guarantee, and QuickQuote form, to make purchasing quick and easy.
Prefer to work with a human being when you order Fortune's Formula (The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street (20th Anniversary Edition)) books in bulk? Our Book Specialists are standing by Monday-Friday 8-5 PST, ready to help!
