Born on April 3, 1943, Ferguson was introduced to playing blackjack after learning the '10 Count' method of card counting from the book 'Beat The Dealer', written by Edward Thorp and first published in 1962. Still only twenty, and an undergraduate student at Oregon State University, he practised card counting in his spare time until he was of legal age to play blackjack in a casino. Shortly after his twenty-first birthday, Ferguson made the first of numerous, successful visits to the casinos of Reno and Lake Tahoe. His first experience of Las Vegas casinos, though, was a short, abortive affair, lasting only three days, because of the blatant dishonesty which appeared to be innate among blackjack dealers in 'Sin City'.
It would not be until 1970 that Ferguson would return to Las Vegas but, when he did, was delighted by the new-found integrity of the dealing fraternity. By that stage, he had completed Master of Business Administration (MBA) at Oregon State, taught mathematics classes for two years and served in the United States Army for two years, including a twelve-moth tour of duty in Vietnam. Prior to being drafted, Ferguson has continued to play blackjack in Renoe and Lake Tahoe as often as his academic commitments allowed. Following demobilisation, he carried on in similar vein, pursuing a Doctor of Philosophy (Ph.D) in Finance at Stanford University, playing blackjack occasionally and working on the material that would become his first book, 'Professional Blackjack'.
The relative proximity of the Las Vegas Strip to Stanford University and San Francisco State University, where Ferguson began teaching finance classes, full-time, in 1974, proved an obvious attraction. In fact, by 1976, he was earning more money from playing blackjack than from his 'day job'. In a compromise with university authorities, Ferguson agreed to teach classes in the final term of what he later described as his 'last real job' for a nominal salary of $1, on the understanding that he did not have to attend faculty meetings. In so doing, he created free time to play blackjack in Las Vegas.
By his own admission, Ferguson did not make a conscious decision to write 'Professional Blackjack', but rather realised that, between them, his paper calculations and instructional paper on blackjack – which, itself, evolved over time in response to questions from would-be card counters – were enough to constitute a book. Having verifed that the calculations presented in 'Beat The Dealer' were, in fact, correct, Ferguson prepared his own tables for scenarios, such as the dealer standing on 'soft' seventeen, which Edward Thorp did not cover.
Indeed, it was the publication of 'Professional Blackjack', in 1975, which led Ferguson to decide that he needed a pseudonym to protect his real identity. At the age of thirty-two, he was playing blackjack under his real name in Nevada casinos and did not want to draw attention to himself. Seeking a complicated first name and simple last name, Ferguson liked the sound of 'Nevada Smith' – a fictional character from the movies 'The Carpetbaggers' and 'Nevada Smith' – but eventually settled on 'Stanford Wong' on the suggestion of fellow Ph.D student Denny Draper. Ferguson said of his sobriquet, 'I thought it was perfect. It had an academic ring to it and the mystique of the Orient.'
Aside from 'Professional Blackjack', Ferguson also published several other celebrated blackjack titles, including 'Tournament Blackjack' in 1987, 'Basic Blackjack' in 1992 and 'Blackjack Secrets', which was originally part of 'Professional Blackjack', in 1993. In 1996, as soon as message board software became widely available, Ferguson founded the website 'BJ21.com', one of the principal aims of which was to allow like-minded blackjack players, intent on beating the game, to contact each other and exchange information. Ferguson sold 'BJ21.com' to LCB, an award-winning gambling information site, in March, 2016 and, interviewed in October that year, revealed that he had no plans for future involvement with the website, books or any other active engagement with the public.
Ferguson, or rather Stanford Wong, was also responsible, albeit indirectly, for introducing the term 'Wong', used as a verb, to gambling parlance. Although he neither invented the technique, nor referred to it by the now commonly-used name in any of his books, Ferguson was an advocate and early practioner of back-counting. Back-counting essentially involves counting cards, as a spectator, until the count becomes strongly positive or, in other words, the deck is rich in aces and tens, to the advantage of the player. When it is, the card counter enters the game – provided, of course, mid-shoe entry is permitted – and places one or more bets at, or around, the table maximum. The term 'Wonging' was coined by blackjack players in Atlantic City in the late Seventies to describe this playing style.