You obviously got your take on Jacobsen from Tewlj. But you obviously missed the part about tewlj being pissed at Jacobsen for being a successful consultant to casino execs. You should go to Amazon and buy his book "Advanced Advantage Play."
Tewlj decided to label Jacobsen as a failed gambler because he moved on from it. But when you are a PHD you have a lot more options than just gambling. Its like saying Thorp was a failed gambler because he moved on from blackjack. Tewlj has a high school diploma. What the hell does he have to move on to?