Probability Guide to Gambling

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Author :
Publisher : INFAROM Publishing
ISBN 13 : 9738752035
Total Pages : 340 pages
Book Rating : 4.7/5 (387 download)

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Book Synopsis Probability Guide to Gambling by : Catalin Barboianu

Download or read book Probability Guide to Gambling written by Catalin Barboianu and published by INFAROM Publishing. This book was released on 2006 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, gamblers have begun taking mathematics into account more seriously than ever before. While probability theory is the only rigorous theory modeling the uncertainty, even though in idealized conditions, numerical probabilities are viewed not only as mere mathematical information, but also as a decision-making criterion, especially in gambling. This book presents the mathematics underlying the major games of chance and provides a precise account of the odds associated with all gaming events. It begins by explaining in simple terms the meaning of the concept of probability for the layman and goes on to become an enlightening journey through the mathematics of chance, randomness and risk. It then continues with the basics of discrete probability (definitions, properties, theorems and calculus formulas), combinatorics and counting arguments for those interested in the supporting mathematics. These mathematic sections may be skipped by readers who do not have a minimal background in mathematics; these readers can skip directly to the "Guide to Numerical Results" to pick the odds and recommendations they need for the desired gaming situation. Doing so is possible due to the organization of that chapter, in which the results are listed at the end of each section, mostly in the form of tables. The chapter titled "The Mathematics of Games of Chance" presents these games not only as a good application field for probability theory, but also in terms of human actions where probability-based strategies can be tried to achieve favorable results. Through suggestive examples, the reader can see what are the experiments, events and probability fields in games of chance and how probability calculus works there. The main portion of this work is a collection of probability results for each type of game. Each game's section is packed with formulas and tables. Each section also contains a description of the game, a classification of the gaming events and the applicable probability calculations. The primary goal of this work is to allow the reader to quickly find the odds for a specific gaming situation, in order to improve his or her betting/gaming decisions. Every type of gaming event is tabulated in a logical, consistent and comprehensive manner. The complete methodology and complete or partial calculations are shown to teach players how to calculate probability for any situation, for every stage of the game for any game. Here, readers can find the real odds, returned by precise mathematical formulas and not by partial simulations that most software uses. Collections of odds are presented, as well as strategic recommendations based on those odds, where necessary, for each type of gaming situation. The book contains much new and original material that has not been published previously and provides great coverage of probabilities for the following games of chance: Dice, Slots, Roulette, Baccarat, Blackjack, Texas Hold'em Poker, Lottery and Sport Bets. Most of games of chance are predisposed to probability-based decisions. This is why the approach is not an exclusively statistical one (like many other titles published on this subject), but analytical: every gaming event is taken as an individual applied probability problem to solve. A special chapter defines the probability-based strategy and mathematically shows why such strategy is theoretically optimal.

Chance

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Author :
Publisher : High Stakes
ISBN 13 : 9781843440253
Total Pages : 192 pages
Book Rating : 4.4/5 (42 download)

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Book Synopsis Chance by : Amir D. Aczel

Download or read book Chance written by Amir D. Aczel and published by High Stakes. This book was released on 2006-05-18 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Celebrated mathematician Amir D Aczel sets his sights on the probability theory - the branch of mathematics that measures the likelihood of a random event. What is commonly called 'luck' has mathematical roots - and in Aczel's capable hands readers learn to increase their odds of success in everything from true love to the stock market.

Understanding and Calculating the Odds

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Author :
Publisher : INFAROM Publishing
ISBN 13 : 9738752019
Total Pages : 300 pages
Book Rating : 4.7/5 (387 download)

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Book Synopsis Understanding and Calculating the Odds by : Catalin Barboianu

Download or read book Understanding and Calculating the Odds written by Catalin Barboianu and published by INFAROM Publishing. This book was released on 2006 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents not only the mathematical concept of probability, but also its philosophical aspects, the relativity of probability and its applications and even the psychology of probability. All explanations are made in a comprehensible manner and are supported with suggestive examples from nature and daily life, and even with challenging math paradoxes. (Mathematics)

Basic Gambling Mathematics

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Author :
Publisher : CRC Press
ISBN 13 : 1482208938
Total Pages : 285 pages
Book Rating : 4.4/5 (822 download)

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Book Synopsis Basic Gambling Mathematics by : Mark Bollman

Download or read book Basic Gambling Mathematics written by Mark Bollman and published by CRC Press. This book was released on 2014-06-13 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Texas Hold'em Odds

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Author :
Publisher :
ISBN 13 : 9730036896
Total Pages : 144 pages
Book Rating : 4.7/5 (3 download)

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Book Synopsis Texas Hold'em Odds by : Catalin Barboianu

Download or read book Texas Hold'em Odds written by Catalin Barboianu and published by . This book was released on 2004-10-01 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Odds are part of any gambling strategy and Texas Hold'em Poker is highly predisposed to probability-based decisions. This book presents the mathematics involved in card distributions in Texas Hold'em and provides a precise account of the odds associated with all gaming events. The author is a recognized authority on casino mathematics. He is member of applied mathematics societies and has published numerous articles in leading academic, gaming industry and applied mathematics journals. He is also the author of "Probability Guide of Gambling." No formal background in mathematics is necessary for reading this book, although comfort with some probability and set theory notions is helpful. In most cases, you'll need some college math to follow the formulas here, but this is not a requirement, because the numerical results are collected in tables at the end of each section. The work is packed with formulas, algorithms and tables. Its' primary goal is to allow the reader to quickly find the odds for their hand and for their opponent's hand, in order to improve his/her betting decisions. Every type of card distribution is tabulated in a logical, consistent and comprehensive manner. The complete methodology and all the calculations are shown, so it teaches the player how to calculate probability for any situation for every stage of the game, even for other card games. You will find here the real odds, returned by precise mathematical formulas and not by partial simulations that most software uses. The book contains new and original material that has not been done previously and provides a full coverage of Hold'em odds: - Immediate odds (pre-flop odds, flop odds, turn odds, river odds, odds ofimproving specific hands). - Long-shot odds (odds of achieving specific card formations by river) for own hand, in after-flop and after-turn stages. - Long-shot odds for opponent's hand (odds for one and at least one of your opponents to achieve specific card formations by river), in after-flop, after-turn and after-river stages. - Other odds. Concrete examples of calculations and usage of tables are attached to each section. Also, a special chapter of examples is included for a good understanding of how to count and compare the odds for expected card formations and the odds of possible higher formations of opponents. Such information is a must for any Hold'em player - either beginner or advanced - and this book is a trusted and professional source.

Roulette Odds and Profits

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Author :
Publisher : INFAROM Publishing
ISBN 13 : 9738752078
Total Pages : 210 pages
Book Rating : 4.7/5 (387 download)

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Book Synopsis Roulette Odds and Profits by : Catalin Barboianu

Download or read book Roulette Odds and Profits written by Catalin Barboianu and published by INFAROM Publishing. This book was released on 2008 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Casino Gambling For Dummies

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119873126
Total Pages : 418 pages
Book Rating : 4.1/5 (198 download)

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Book Synopsis Casino Gambling For Dummies by : Kevin Blackwood

Download or read book Casino Gambling For Dummies written by Kevin Blackwood and published by John Wiley & Sons. This book was released on 2022-04-26 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maximize your odds on the casino floor Casinos are designed for distraction, so it helps to know a bit about when the odds are in your favor and when they’re not before you push a stack of chips onto a table. Professional blackjack player Kevin Blackwood and lifelong sports bettor Swain Scheps know a thing or two about casino gambling. In Casino Gambling For Dummies, these seasoned gaming veterans guide you through the essential strategies for walking out of the casino ahead of the game. They also show you the most common mistakes made by players, helping you avoid gambling risks while you enjoy what the gaming industry has to offer. Learn to see past the flashing lights, decide how much you’re willing to wager, and find out how to enjoy yourself. In this book, you’ll also discover: Step-by-step walkthroughs of casino etiquette and the rules of common casino games, including poker and blackjack Explanations of video poker and slots and ways to avoid losing more than you’re comfortable with Explorations of online gambling, so you can enjoy the fun of a casino from the comfort of your home The perfect guide for anyone looking for an easy introduction to the world of casino gaming, Casino Gambling For Dummies is also an essential resource for those seeking to improve their odds at blackjack, craps, video poker, slots, and other games.

Texas Hold'em Poker Odds for Your Strategy, with Probability-Based Hand Analyses

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Author :
Publisher : INFAROM Publishing
ISBN 13 : 9731991344
Total Pages : 210 pages
Book Rating : 4.7/5 (319 download)

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Book Synopsis Texas Hold'em Poker Odds for Your Strategy, with Probability-Based Hand Analyses by : Catalin Barboianu

Download or read book Texas Hold'em Poker Odds for Your Strategy, with Probability-Based Hand Analyses written by Catalin Barboianu and published by INFAROM Publishing. This book was released on 2011-12 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete probability guide of Hold'em Poker, this guide covers all possible gaming situations. The author focuses on the practical side of the presentation and use of the probabilities involved in Hold'em, while taking into account the subjective side of the probability-based criteria of each player's strategy.

The Mathematics of Games and Gambling

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Author :
Publisher : American Mathematical Society
ISBN 13 : 147046862X
Total Pages : 174 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis The Mathematics of Games and Gambling by : Edward Packel

Download or read book The Mathematics of Games and Gambling written by Edward Packel and published by American Mathematical Society. This book was released on 2022-01-19 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first edition of this book was reprinted eight times. This book introduces and develops some of the important and beautiful elementary mathematics needed for rational analysis of various gambling and game activities. Most of the standard casino games (roulette, blackjack, keno), some social games (backgammon, poker, bridge) and various other activities (state lotteries, horse racing, etc.) are treated in ways that bring out their mathematical aspects. The mathematics developed ranges from the predictable concepts of probability, expectation, and binomial coefficients to some less well-known ideas of elementary game theory. The second edition includes new material on: sports betting and the mathematics behind it; Game theory applied to bluffing in poker and related to the Texas Holdem phenomenon; The Nash equilibrium concept and its emergence in the popular culture; Internet links to games and to Java applets for practice and classroom use. The only formal mathematics background the reader needs is some facility with high school algebra. Game-related exercises are included at the end of most chapters for readers interested in working with and expanding ideas treated in the text. Solutions to some of the exercises appear at the end of the book.

The Mathematics of Slots

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Author :
Publisher : INFAROM Publishing
ISBN 13 : 9731991409
Total Pages : 366 pages
Book Rating : 4.7/5 (319 download)

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Book Synopsis The Mathematics of Slots by : Catalin Barboianu

Download or read book The Mathematics of Slots written by Catalin Barboianu and published by INFAROM Publishing. This book was released on 2013 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This eighth book of the author on gambling math presents in accessible terms the cold mathematics behind the sparkling slot machines, either physical or virtual. It contains all the mathematical facts grounding the configuration, functionality, outcome, and profits of the slot games. Therefore, it is not a so-called how-to-win book, but a complete, rigorous mathematical guide for the slot player and also for game producers, being unique in this respect. As it is primarily addressed to the slot player, its goal is to present practical applications of the mathematical models of slot games, in order to provide numerical results that a player can use as criteria for gaming decisions or just as information for any slot game and any predicted winning event. These results are focused on probability and expected value, these being the most important parameters for decisional criteria in slots. The book is packed with plenty of figures, tables, and formulas. The content is organized so that readers can skip the theoretical parts and go picking the practical results (numerical, in tables of values where possible, or ready-to-compute formulas) for the desired situation. The practical results are gathered in the last chapter, titled "Practical Applications and Numerical Results," the largest part of the book, for the most popular categories of slot machines, namely with 3, 5, 9, and 16 reels. Any other category of slot games is covered in the theoretical part of the book, where the general formulas apply not only to existing slot games, but also to possible future slot games of any design and configuration. The author does not just throw the slot mathematics to the audience and run away, but offers an ultimate practical contribution with the chapter "How to estimate the number of stops and the symbol distribution on a reel", a surprise for both players and producers, where one can see that mathematics provides players with some statistical methods as well as methods based on physical measurements for retrieving these missing data. Having these data along with the mathematical results of this book, anyone can generate the PAR sheet of any slot machine. In the last decade, mathematics has been taken more and more seriously into account in gaming, as being the essence that governs the games of chance and the only rigorous tool providing information on optimal play, where possible. For the popular game of slots, mathematics already fulfilled its duty by providing all the data that it can provide and that cannot be found on the display of the slot machines - it is all here in this book.

The Mathematics of Lottery

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Author :
Publisher : INFAROM Publishing
ISBN 13 : 9731991115
Total Pages : 204 pages
Book Rating : 4.7/5 (319 download)

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Book Synopsis The Mathematics of Lottery by : Catalin Barboianu

Download or read book The Mathematics of Lottery written by Catalin Barboianu and published by INFAROM Publishing. This book was released on 2009-03 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is a complete mathematical guide to lottery games, covering all of the problems related to probability, combinatorics, and all parameters describing the lottery matrices, as well as the various playing systems. The mathematics sections describe the mathematical model of the lottery, which is in fact the essence of the lotto game. The applications of this model provide players with all the mathematical data regarding the parameters attached to the gaming events and personal playing systems. By applying these data, one can find all the winning probabilities for the play with one line (for each category in part or cumulatively), and how these probabilities change with playing the various types of systems containing several lines, depending on their structure. Also, each playing system has a formula attached that provides the number of possible multiple prizes in various circumstances. Other mathematical parameters of the playing systems and the correlations between them are also presented. The generality of the mathematical model and of the obtained formulas allows their application for any existent lottery (including variations like Keno) and any playing system. Each formula is followed by numerical results covering the most frequent lottery matrices worldwide and by multiple examples predominantly belonging to the 6/49 lottery. The listing of the numerical results in dozens of well-organized tables, along with instructions and examples of using them, makes possible the direct usage of this guide by players without a mathematical background. The author also discusses from a mathematical point of view the strategies of choosing involved in the lotto game. The book does not offer so-called winning strategies (proving that the only strategy is that of choosing), but helps players to better organize their own playing systems and to confront their own convictions (so many times based on false perceptions) with the incontestable reality offered by the direct applications of the mathematical model of the lotto game. As a must-have handbook for any lottery player, this book offers essential information about the game itself and can provide the basis for gaming decisions of any kind.

The Theory of Gambling and Statistical Logic

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Author :
Publisher : Academic Press
ISBN 13 : 012397870X
Total Pages : 465 pages
Book Rating : 4.1/5 (239 download)

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Book Synopsis The Theory of Gambling and Statistical Logic by : Richard A. Epstein

Download or read book The Theory of Gambling and Statistical Logic written by Richard A. Epstein and published by Academic Press. This book was released on 2012-12-28 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Comprehensive and exciting analysis of all major casino games and variants Covers a wide range of interesting topics not covered in other books on the subject Depth and breadth of its material is unique compared to other books of this nature Richard Epstein's website: www.gamblingtheory.net

Weighing the Odds in Sports Betting

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Publisher :
ISBN 13 : 9780935926309
Total Pages : 0 pages
Book Rating : 4.9/5 (263 download)

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Book Synopsis Weighing the Odds in Sports Betting by : King Yao

Download or read book Weighing the Odds in Sports Betting written by King Yao and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by King Yao, author of the widely-acclaimed Weighing the Odds in Hold 'em Poker, should be used as a guideline to sports betting rather than a blueprint. The sports betting market changes and adapts quickly. The underlying principles shown in this book should help the reader adapt and continue to make good bets even when the market changes.

Taking Chances

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Author :
Publisher : Winning with Probability
ISBN 13 : 0198526636
Total Pages : 388 pages
Book Rating : 4.1/5 (985 download)

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Book Synopsis Taking Chances by : John Haigh

Download or read book Taking Chances written by John Haigh and published by Winning with Probability. This book was released on 2003 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What are the odds against winning the Lotto, The Weakest Link, or Who Wants to be a Millionaire? The answer lies in the science of probability, yet many of us are unaware of how this science works. Every day, people make judgements on a wide variety of situations where chance plays a role, including buying insurance, betting on horse-racing, following medical advice - even carrying an umbrella. In Taking Chances, John Haigh guides the reader round common pitfalls, demonstrates how to make better-informed decisions, and shows where the odds can be unexpectedly in your favour. This new edition has been fully updated, and includes information on top television shows, plus a new chapter on Probability for Lawyers."--BOOK JACKET.

The Casino Gambler's Guide

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Author :
Publisher :
ISBN 13 :
Total Pages : 342 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Casino Gambler's Guide by : Allan N. Wilson

Download or read book The Casino Gambler's Guide written by Allan N. Wilson and published by . This book was released on 1965 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Book on Games of Chance

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Author :
Publisher : Courier Dover Publications
ISBN 13 : 048680898X
Total Pages : 64 pages
Book Rating : 4.4/5 (868 download)

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Book Synopsis The Book on Games of Chance by : Gerolamo Cardano

Download or read book The Book on Games of Chance written by Gerolamo Cardano and published by Courier Dover Publications. This book was released on 2015-11-04 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematics was only one area of interest for Gerolamo Cardano ― the sixteenth-century astrologer, philosopher, and physician was also a prolific author and inveterate gambler. Gambling led Cardano to the study of probability, and he was the first writer to recognize that random events are governed by mathematical laws. Published posthumously in 1663, Cardano's Liber de ludo aleae (Book on Games of Chance) is often considered the major starting point of the study of mathematical probability. The Italian scholar formulated some of the field's basic ideas more than a century before the better-known correspondence of Pascal and Fermat. Although his book had no direct influence on other early thinkers about probability, it remains an important antecedent to later expressions of the science's tenets.

The Unofficial Guide to Casino Gambling

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Author :
Publisher : Wiley
ISBN 13 : 9780028629179
Total Pages : 356 pages
Book Rating : 4.6/5 (291 download)

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Book Synopsis The Unofficial Guide to Casino Gambling by : Basil Nestor

Download or read book The Unofficial Guide to Casino Gambling written by Basil Nestor and published by Wiley. This book was released on 1999-02-05 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The casino games seem simple, but every year, millions of people lose billions of dollars at casinos and other gaming establishments. Why? Because they lack information, rather than luck. Beyond Las Vegas and Atlantic City, this book discusses riverboat and dockside gambling, as well as the boom in Indian Reservation gambling destinations and bingo parlors. In addition to the most popular card and dice games, readers discover the latest gambling craze -- virtual casinos found on the Internet. Basil Nestor delivers to the reader the kind of insider information that casinos, other books, or experts can't or won't tell them: * Thoroughly explains casino games, like blackjack, poker, craps, roulette, and more * Analyze odds and guaranteed advantages of certain types of play * Identifies isucker betsi and expose scam betting systems that lose gamblers money * Clarifies casino security protocol and explicate state operations regulations * Teaches prospective gamblers to implement methods that increase winning potential