Basic Gambling Mathematics

The Numbers Behind The Neon

Author: Mark Bollman

Publisher: CRC Press

ISBN: 1482208938

Category: Mathematics

Page: 284

View: 2552

Understand the Math Underlying Some of Your Favorite Gambling Games Basic Gambling Mathematics: The Numbers Behind the Neon explains the mathematics involved in analyzing games of chance, including casino games, horse racing, and lotteries. The book helps readers understand the mathematical reasons why some gambling games are better for the player than others. It is also suitable as a textbook for an introductory course on probability. Along with discussing the mathematics of well-known casino games, the author examines game variations that have been proposed or used in actual casinos. Numerous examples illustrate the mathematical ideas in a range of casino games while end-of-chapter exercises go beyond routine calculations to give readers hands-on experience with casino-related computations. The book begins with a brief historical introduction and mathematical preliminaries before developing the essential results and applications of elementary probability, including the important idea of mathematical expectation. The author then addresses probability questions arising from a variety of games, including roulette, craps, baccarat, blackjack, Caribbean stud poker, Royal Roulette, and sic bo. The final chapter explores the mathematics behind "get rich quick" schemes, such as the martingale and the Iron Cross, and shows how simple mathematics uncovers the flaws in these systems.
Posted in Mathematics

Mathematics of Keno and Lotteries

Author: Mark Bollman

Publisher: CRC Press

ISBN: 1351756303

Category: Mathematics

Page: 328

View: 737

Mathematics of Keno and Lotteries is an elementary treatment of the mathematics, primarily probability and simple combinatorics, involved in lotteries and keno. Keno has a long history as a high-advantage, high-payoff casino game, and state lottery games such as Powerball are mathematically similar. MKL also considers such lottery games as passive tickets, daily number drawings, and specialized games offered around the world. In addition, there is a section on financial mathematics that explains the connection between lump-sum lottery prizes (as with Powerball) and their multi-year annuity options. So-called "winning systems" for keno and lotteries are examined mathematically and their flaws identified.
Posted in Mathematics

Glück, Logik und Bluff

Mathematik im Spiel - Methoden, Ergebnisse und Grenzen

Author: Jörg Bewersdorff

Publisher: Springer-Verlag

ISBN: 3658217650

Category: Mathematics

Page: 420

View: 7449

Der Autor hat es in bewundernswerter Weise geschafft, anhand einer Vielzahl bekannter Spiele von Schach über Poker bis Mastermind einen kleinen Einblick in mathematisch so anspruchsvolle Gebiete wie Wahrscheinlichkeitsrechnung, Optimierungstheorie, Kombinatorik und Spieltheorie zu geben. Hierbei werden so gut wie keine mathematischen Vorkenntnisse erwartet, so dass man das Buch auch interessierten Nichtmathematikern wärmstens empfehlen kann. Anspruchsvolle und unerschrockene Leserinnen und Leser werden in den sehr lesenswerten Anmerkungen am Schluss des Buches Hinweise auf weiterführende Literatur finden, anhand derer sie auch tiefer in mathematische Aspekte eindringen können. Ein schönes Buch, ohne wirkliche Konkurrenz auf dem deutschen Markt, und dies zu einem vernünftigen Preis. Zentralblatt MATH Database 1931 - 2002
Posted in Mathematics

Mathematics in Games, Sports, and Gambling

The Games People Play, Second Edition

Author: Ronald J. Gould

Publisher: CRC Press

ISBN: 1498719538

Category: Mathematics

Page: 354

View: 5634

Mathematics in Games, Sports, and Gambling: The Games People Play, Second Edition demonstrates how discrete probability, statistics, and elementary discrete mathematics are used in games, sports, and gambling situations. With emphasis on mathematical thinking and problem solving, the text draws on numerous examples, questions, and problems to explain the application of mathematical theory to various real-life games. This updated edition of a widely adopted textbook considers a number of popular games and diversions that are mathematically based or can be studied from a mathematical perspective. Requiring only high school algebra, the book is suitable for use as a textbook in seminars, general education courses, or as a supplement in introductory probability courses. New in this Edition: Many new exercises, including basic skills exercises More answers in the back of the book Expanded summary exercises, including writing exercises More detailed examples, especially in the early chapters An expansion of the discrete adjustment technique for binomial approximation problems New sections on chessboard puzzles that encourage students to develop graph theory ideas New review material on relations and functions Exercises are included in each section to help students understand the various concepts. The text covers permutations in the two-deck matching game so derangements can be counted. It introduces graphs to find matches when looking at extensions of the five-card trick and studies lexicographic orderings and ideas of encoding for card tricks. The text also explores linear and weighted equations in the section on the NFL passer rating formula and presents graphing to show how data can be compared or displayed. For each topic, the author includes exercises based on real games and actual sports data.
Posted in Mathematics

Getting the Best of It

Author: David Sklansky

Publisher: Two Plus Two Publishing LLC

ISBN: 9781880685044

Category: Games & Activities

Page: 310

View: 1943

Contains six sections discussing probability, poker, blackjack, other casino games, sports betting, and general gambling concepts. This book contains some of the most sophisticated gambling ideas that have ever been put into print. Included is perhaps the best discussion of the basic mathematics of gambling, yet it is written so that even the most non-mathematical of readers can understand it. Many of the ideas discussed are those that the author himself has successfully used during his career. Topics include expectation, combinations, Baye's Theorem, the eight mistakes in poker, checking in the dark, playing tight, The Key Card Concept, casinos and their mistakes, crapless craps, betting sports, hedging and middling, knowing what's important, the Law of Averages and Other Fallacies, and much more.
Posted in Games & Activities

Roulette Odds and Profits

The Mathematics of Complex Bets

Author: Catalin Barboianu

Publisher: INFAROM Publishing

ISBN: 9738752078

Category: Games

Page: 212

View: 4528

Continuing his series of books on the mathematics of gambling, the author shows how a simple-rule game such as roulette is suited to a complex mathematical model whose applications generate improved betting systems that take into account a player's personal playing criteria. The book is both practical and theoretical, but is mainly devoted to the application of theory. About two-thirds of the content is lists of categories and sub-categories of improved betting systems, along with all the parameters that might stand as the main objective criteria in a personal strategy - odds, profits and losses. The work contains new and original material not published before. The mathematical chapter describes complex bets, the profit function, the equivalence between bets and all their properties. All theoretical results are accompanied by suggestive concrete examples and can be followed by anyone with a minimal mathematical background because they involve only basic algebraic skills and set theory basics. The reader may also choose to skip the math and go directly to the sections containing applications, where he or she can pick desired numerical results from tables. The book offers no new so-called winning strategies, although it discusses them from a mathematical point of view. It does, however, offer improved betting systems and helps to organize a player's choices in roulette betting, according to mathematical facts and personal strategies. It is a must-have roulette handbook to be studied before placing your bets on the turn of either a European or American roulette wheel.
Posted in Games

The Oxford Handbook of the Economics of Gambling

Author: Leighton Vaughan Williams,Donald S. Siegel

Publisher: Oxford University Press

ISBN: 019937662X

Category: Business & Economics

Page: 752

View: 1420

There is growing interest among academics and policymakers in the economics of gambling, which has been stimulated by major regulatory and tax changes in the U.S., U.K. Continental Europe, Asia, Australia and elsewhere. Unfortunately, there is no comprehensive source of path-breaking research on this topic. To fill this gap, we commissioned chapters from leading economists on all aspects of gambling research. Topics covered include the optimal taxation structure for various forms of gambling, factors influencing the demand and supply of gambling services, forecasting of gambling trends, regulation of gambling, the efficiency of racetrack and sports betting markets, gambling prevalence and behavior, modeling the demand for gambling services, the economic impact of gambling, substitution and complementarities among different types of gambling activity, and the relationship between gambling and other sectors of the economy. These are all important issues, with significant global implications. Specifically, we divide the Handbook into sections on casinos, sports betting, horserace betting, betting strategy, motivation, behavior and decision-making in betting markets, prediction markets and political betting, and lotteries and gambling machines
Posted in Business & Economics


How Gamblers, Managers, and Sports Enthusiasts Use Mathematics in Baseball, Basketball, and Football

Author: Wayne L. Winston

Publisher: Princeton University Press

ISBN: 1400842077

Category: Mathematics

Page: 392

View: 7374

Mathletics is a remarkably entertaining book that shows readers how to use simple mathematics to analyze a range of statistical and probability-related questions in professional baseball, basketball, and football, and in sports gambling. How does professional baseball evaluate hitters? Is a singles hitter like Wade Boggs more valuable than a power hitter like David Ortiz? Should NFL teams pass or run more often on first downs? Could professional basketball have used statistics to expose the crooked referee Tim Donaghy? Does money buy performance in professional sports? In Mathletics, Wayne Winston describes the mathematical methods that top coaches and managers use to evaluate players and improve team performance, and gives math enthusiasts the practical tools they need to enhance their understanding and enjoyment of their favorite sports--and maybe even gain the outside edge to winning bets. Mathletics blends fun math problems with sports stories of actual games, teams, and players, along with personal anecdotes from Winston's work as a sports consultant. Winston uses easy-to-read tables and illustrations to illuminate the techniques and ideas he presents, and all the necessary math concepts--such as arithmetic, basic statistics and probability, and Monte Carlo simulations--are fully explained in the examples. After reading Mathletics, you will understand why baseball teams should almost never bunt, why football overtime systems are unfair, why points, rebounds, and assists aren't enough to determine who's the NBA's best player--and much, much more. In a new epilogue, Winston discusses the stats and numerical analysis behind some recent sporting events, such as how the Dallas Mavericks used analytics to become the 2011 NBA champions.
Posted in Mathematics


The Man-made Universe

Author: Sherman K. Stein

Publisher: Courier Corporation

ISBN: 9780486404509

Category: Mathematics

Page: 575

View: 1397

This highly readable volume covers a vast array of subjects, including number theory, topology, set theory, geometry, algebra, and analysis. Additional topics include primes, fundamental theory of arithmetic, rationals and irrationals, representation of numbers, congruence, probability, and more. A solutions manual is available upon request. 1994 edition.
Posted in Mathematics

Basic Engineering Mathematics

Author: John Bird

Publisher: Routledge

ISBN: 1317937929

Category: Mathematics

Page: 456

View: 5185

Introductory mathematics written specifically for students new to engineering Now in its sixth edition, Basic Engineering Mathematics is an established textbook that has helped thousands of students to succeed in their exams. John Bird's approach is based on worked examples and interactive problems. This makes it ideal for students from a wide range of academic backgrounds as the student can work through the material at their own pace. Mathematical theories are explained in a straightforward manner, being supported by practical engineering examples and applications in order to ensure that readers can relate theory to practice. The extensive and thorough topic coverage makes this an ideal text for introductory level engineering courses. This title is supported by a companion website with resources for both students and lecturers, including lists of essential formulae, multiple choice tests, full solutions for all 1,600 further questions contained within the practice exercises, and biographical information on the 25 famous mathematicians and engineers referenced throughout the book. The companion website for this title can be accessed from
Posted in Mathematics

The Perfect Bet

How Science and Math Are Taking the Luck Out of Gambling

Author: Adam Kucharski

Publisher: Basic Books

ISBN: 0465098592

Category: Mathematics

Page: 288

View: 6863

For the past 500 years, gamblers-led by mathematicians and scientists-have been trying to figure out how to pull the rug out from under Lady Luck. In The Perfect Bet, mathematician and award-winning writer Adam Kucharski tells the astonishing story of how the experts have succeeded, revolutionizing mathematics and science in the process. The house can seem unbeatable. Kucharski shows us just why it isn't. Even better, he demonstrates how the search for the perfect bet has been crucial for the scientific pursuit of a better world.
Posted in Mathematics

Narren sterben

Author: Mario Puzo

Publisher: Edel:Books

ISBN: 3955306283

Category: Fiction

Page: 576

View: 5483

John Merlin führt ein Doppelleben. Das eine in Hollywood, in der schillernden Welt der Bestsellerautoren, der Medienmogule, der Filmstars und Starlets. Das andere in der beschaulichen bürgerlichen Atmosphäre seines Einfamilienhauses in New York. Er riskiert sein Talent und setzt auf sein Glück. Er spielt um Geld und um die Liebe. Am Ende ist er der Sieger, denn er überlebt – und die Narren sterben... Mario Puzo, als Sohn italienischer Einwanderer in New York City geboren, ist Autor zahlreicher Weltbestseller, unter anderem von "Der Pate", der von Francis Ford Coppola mit überwältigendem internationalen Erfolg verfilmt wurde.
Posted in Fiction

The Mathematics of Slots

Configurations, Combinations, Probabilities

Author: Catalin Barboianu

Publisher: INFAROM Publishing

ISBN: 9731991409

Category: Mathematics

Page: 366

View: 2854

Posted in Mathematics

Das Risiko und sein Preis

Skin in the Game

Author: Nassim Nicholas Taleb

Publisher: Verlagsgruppe Random House GmbH

ISBN: 3641234522

Category: Social Science

Page: 384

View: 682

Warum wir nur denen vertrauen sollten, die etwas zu verlieren haben Stehen wir für die Risiken ein, die wir verursachen? Zu viele der Menschen, die auf der Welt Macht und Einfluss haben, so Nassim Nicholas Taleb, müssen nicht wirklich den Kopf hinhalten für das, was sie tun und veranlassen. Intellektuelle, Journalisten, Bürokraten, Banker, ihnen vor allem wirft er vor, kein »Skin in the Game« zu haben. Weil sie den Preis nicht bezahlen müssen, wenn sie irren, fällen sie schlechte Entscheidungen. Taleb zeigt anhand vieler Beispiele, wie »Skin in the Game«, ein fundamentales Konzept des Risikomanagements, auf alle Bereiche unseres Lebens übertragen werden kann. Sein neues Buch, so provozierend und bahnbrechend wie »Der Schwarze Schwan«, fordert uns heraus, alles, was wir über Risiko und Verantwortung in Politik, Wirtschaft und Gesellschaft zu wissen glauben, neu zu denken.
Posted in Social Science

Pascal, Fermat und die Berechnung des Glücks

eine Reise in die Geschichte der Mathematik

Author: Keith J. Devlin

Publisher: C.H.Beck

ISBN: 9783406590993

Category: Wahrscheinlichkeitstheorie - Geschichte

Page: 204

View: 3195

Der Autor stellt die Entstehung der Wahrscheinlichkeitsrechnung und den damit verbundenen Wandel des menschlichen Alltagslebens dar.
Posted in Wahrscheinlichkeitstheorie - Geschichte

Basic Mathematics

Author: Charles P. McKeague

Publisher: Thomson Brooks/Cole

ISBN: 9780534378929

Category: Mathematics

Page: 548

View: 1510

This accessible guide helps students develop a thorough understanding of the concepts essential to their success in mathematics.
Posted in Mathematics

Basic College Mathematics

A Text/workbook

Author: Charles P. McKeague

Publisher: Brooks/Cole Publishing Company

ISBN: 9780534398613

Category: Business & Economics

Page: 672

View: 2654

Exceptionally clear and accessible, Pat McKeague's best-selling texts offer all the review, drill, and practice students need to develop solid mathematical proficiency and confidence. McKeague's attention to detail, exceptional writing style, and organization of mathematical concepts make teaching enjoyable and learning accessible. Building on his reputation for student-friendly content and supportive pedagogy, Mckeague reaffirms his presence as a leader in developmental mathematics with the introduction of this new paperback title.
Posted in Business & Economics

The Theory of Gambling and Statistical Logic

Author: Richard A. Epstein

Publisher: Academic Press

ISBN: 9780080958613

Category: Games & Activities

Page: 456

View: 1018

Early in his rise to enlightenment, man invented a concept that has since been variously viewed as a vice, a crime, a business, a pleasure, a type of magic, a disease, a folly, a weakness, a form of sexual substitution, an expression of the human instinct. He invented gambling. Recent advances in the field, particularly Parrondo's paradox, have triggered a surge of interest in the statistical and mathematical theory behind gambling. This interest was acknowledge in the motion picture, "21," inspired by the true story of the MIT students who mastered the art of card counting to reap millions from the Vegas casinos. Richard Epstein's classic book on gambling and its mathematical analysis covers the full range of games from penny matching to blackjack, from Tic-Tac-Toe to the stock market (including Edward Thorp's warrant-hedging analysis). He even considers whether statistical inference can shed light on the study of paranormal phenomena. Epstein is witty and insightful, a pleasure to dip into and read and rewarding to study. The book is written at a fairly sophisticated mathematical level; this is not "Gambling for Dummies" or "How To Beat The Odds Without Really Trying." A background in upper-level undergraduate mathematics is helpful for understanding this work. o Comprehensive and exciting analysis of all major casino games and variants o Covers a wide range of interesting topics not covered in other books on the subject o Depth and breadth of its material is unique compared to other books of this nature Richard Epstein's website:
Posted in Games & Activities

Excel Basic Skills Homework Book

English and Mathematics

Author: Pascal Press

Publisher: Pascal Press

ISBN: 9781864412765

Category: English language

Page: 83

View: 3432

Year 5 Ages 10-11 years old. In Excel Basic Ski lls: English and Mathematics Year 5 your child will find: t hirty carefully graded double-page units. Each unit has work on numbers, measurement and shape inMaths and comprehension, grammar, punctuation, spelling and vocabulary in English. a wide variety of interesti ng exercises four term reviews to test work covered each term marking grids to identify strengths and weaknesses a li ft-out answer section This book aims to build basic skills in reading, comprehension and maths. It supports schoolwork by having s tudents practise key basic skills on a regular basis. This allows your c hild to learn new concepts while revising program work.
Posted in English language

Stochastic Processes

An Introduction, Second Edition

Author: Peter Watts Jones,Peter Smith

Publisher: CRC Press

ISBN: 1420099809

Category: Mathematics

Page: 232

View: 1760

Based on a highly popular, well-established course taught by the authors, Stochastic Processes: An Introduction, Second Edition discusses the modeling and analysis of random experiments using the theory of probability. It focuses on the way in which the results or outcomes of experiments vary and evolve over time. The text begins with a review of relevant fundamental probability. It then covers several basic gambling problems, random walks, and Markov chains. The authors go on to develop random processes continuous in time, including Poisson, birth and death processes, and general population models. While focusing on queues, they present an extended discussion on the analysis of associated stationary processes. The book also explores reliability and other random processes, such as branching processes, martingales, and a simple epidemic. The appendix contains key mathematical results for reference. Ideal for a one-semester course on stochastic processes, this concise, updated textbook makes the material accessible to students by avoiding specialized applications and instead highlighting simple applications and examples. The associated website contains Mathematica® and R programs that offer flexibility in creating graphs and performing computations.
Posted in Mathematics