Charles K. McNeil, Date of Birth, Date of Death

    

Charles K. McNeil

American businessman

Date of Birth: 16-Aug-1903

Date of Death: 07-Apr-1981

Profession: bookmaker

Zodiac Sign: Leo


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About Charles K. McNeil

  • Charles Kline McNeil (16 August 1903 – 7 April 1981) is the inventor of the point spread in sports gambling.
  • McNeil earned a Master's Degree from the University of Chicago.
  • He then taught math at the Riverdale Country School in New York and in Connecticut.
  • His students included John F.
  • Kennedy.
  • He was also a securities analyst in Chicago.
  • While gambling on the side, he developed the point spread, betting not on the probability of the final outcome, but on the expected difference in score.
  • He eventually opened his own bookmaking operation in the 1940s.
  • Charles McNeil method is used today in different areas: anything from basketball to poker.
  • He started the new method of trading and changed the way people bet.

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