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Gambling Theory and Other Topics

Gambling Theory and Other Topics
Author: Mason Malmuth
Publisher: Two Plus Two Publishing LLC
Total Pages: 420
Release: 1999
Genre: Games & Activities
ISBN: 9781880685037
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Absolutely must reading for all serious gamblers. Most people who gamble are basically attracted by the action and the excitement that this form of entertainment offers. But a small number of people are quite successful at it. How is this so? What helps these few to make decisions that devastate their opponents? And what do you need to do to become successful at this extremely challenging occupation? This text attempts to answer these questions. You will be introduced to the dynamic concept of non-self-weighting strategies and shown how these strategies apply not only at the "very exciting gaming tables" but in real life as well. In addition, risk and fluctuations are discussed in terms of the standard deviation and their relationship to each other and to your bankroll. Some of the other topics addressed are bankroll requirements, win-rate accuracy, free bets, which blackjack count is best, lottery fallacies, dangerous ideas, poker tournament strategies (including when it is correct to rebuy), settling up in tournaments, pai gow poker, super pan nine, the world's greatest gamblers, and building pyramids.

The Theory of Gambling and Statistical Logic

The Theory of Gambling and Statistical Logic
Author: Richard A. Epstein
Publisher: Gulf Professional Publishing
Total Pages: 476
Release: 1995
Genre: Business & Economics
ISBN: 9780122407611
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Covering all aspects of gambling, The Theory of Gambling and Statistical Logic is mathematically sophisticated, but can be read for what it says about the games and strategies, skipping the technicalities. The material is fascinating and detailed, and the analysis is masterful.

The Theory of Gambling and Statistical Logic

The Theory of Gambling and Statistical Logic
Author: Richard A. Epstein
Publisher: Academic Press
Total Pages: 457
Release: 2009-09-28
Genre: Games & Activities
ISBN: 0080958613
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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

The Sociology of Gambling

The Sociology of Gambling
Author: Mikal J. Aasved
Publisher: Charles C Thomas Publisher
Total Pages: 459
Release: 2003
Genre: Psychology
ISBN: 0398073805
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This is the second in a series of books intended to review and evaluate the most popular and influential explanations for gambling and the many research studies that have been conducted to confirm or refute them. This book focuses on the contributions of specialists in the social sciences, most of whom are convinced that gambling is a consequence of the social or subcultural environment in which the gambler lives. To further the understanding of why people gamble, investigators went to places where gambling occurred and spent time among and interacted with the gamblers. Some attended Gamblers Anonymous meetings and others became participant observers in gambling establishments by becoming employed as roulette croupiers or card dealers. Topics covered include the gambler's point of view, the researcher's point of view, social structure, economics, statistical tests of earlier ideas, special populations, ``armchair'' theories, gambling and the public, problem correlates, and risk factors. In addition, a critique of the qualitative and quantitative studies involving survey research methods and interview research methods is given that provides theoretical explanations for why people gamble. Numerous results from geographical surveys are provided, as well as tables that examine the research of problem gambling.

Games, Gambling, and Probability

Games, Gambling, and Probability
Author: David G. Taylor
Publisher: CRC Press
Total Pages: 516
Release: 2021-06-22
Genre: Mathematics
ISBN: 1000400204
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Many experiments have shown the human brain generally has very serious problems dealing with probability and chance. A greater understanding of probability can help develop the intuition necessary to approach risk with the ability to make more informed (and better) decisions. The first four chapters offer the standard content for an introductory probability course, albeit presented in a much different way and order. The chapters afterward include some discussion of different games, different "ideas" that relate to the law of large numbers, and many more mathematical topics not typically seen in such a book. The use of games is meant to make the book (and course) feel like fun! Since many of the early games discussed are casino games, the study of those games, along with an understanding of the material in later chapters, should remind you that gambling is a bad idea; you should think of placing bets in a casino as paying for entertainment. Winning can, obviously, be a fun reward, but should not ever be expected. Changes for the Second Edition: New chapter on Game Theory New chapter on Sports Mathematics The chapter on Blackjack, which was Chapter 4 in the first edition, appears later in the book. Reorganization has been done to improve the flow of topics and learning. New sections on Arkham Horror, Uno, and Scrabble have been added. Even more exercises were added! The goal for this textbook is to complement the inquiry-based learning movement. In my mind, concepts and ideas will stick with the reader more when they are motivated in an interesting way. Here, we use questions about various games (not just casino games) to motivate the mathematics, and I would say that the writing emphasizes a "just-in-time" mathematics approach. Topics are presented mathematically as questions about the games themselves are posed. Table of Contents Preface 1. Mathematics and Probability 2. Roulette and Craps: Expected Value 3. Counting: Poker Hands 4. More Dice: Counting and Combinations, and Statistics 5. Game Theory: Poker Bluffing and Other Games 6. Probability/Stochastic Matrices: Board Game Movement 7. Sports Mathematics: Probability Meets Athletics 8. Blackjack: Previous Methods Revisited 9. A Mix of Other Games 10. Betting Systems: Can You Beat the System? 11. Potpourri: Assorted Adventures in Probability Appendices Tables Answers and Selected Solutions Bibliography Biography Dr. David G. Taylor is a professor of mathematics and an associate dean for academic affairs at Roanoke College in southwest Virginia. He attended Lebanon Valley College for his B.S. in computer science and mathematics and went to the University of Virginia for his Ph.D. While his graduate school focus was on studying infinite dimensional Lie algebras, he started studying the mathematics of various games in order to have a more undergraduate-friendly research agenda. Work done with two Roanoke College students, Heather Cook and Jonathan Marino, appears in this book! Currently he owns over 100 different board games and enjoys using probability in his decision-making while playing most of those games. In his spare time, he enjoys reading, cooking, coding, playing his board games, and spending time with his six-year-old dog Lilly.

How to Make $100,000 a Year Gambling for a Living

How to Make $100,000 a Year Gambling for a Living
Author: David Sklansky
Publisher: Two Plus Two Publishing LLC
Total Pages: 338
Release: 1997
Genre: Games & Activities
ISBN: 9781880685167
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Is there really such a thing as a professional gambler? The answer is an unequivocal, "Yes!" This book's authors are but two examples. Many thousands of people around the country make a good living exclusively from gambling. It is not easy, but it can be done. The key is to understand which games are beatable and know how to beat them. David Sklansky and Mason Malmuth have spent many years writing about the finer points of poker, blackjack, and other beatable games. As you will see in the book, those other "games" are horses, sports, progressive slots and video poker, casino tournaments, and special promotions. They don't include craps, roulette, keno, or baccarat for reasons they'll explain. This book, was written for the not quite as experienced aspiring gambler. It shows you everything you need to learn and do if you want to gamble for a living from both the practical and the technical standpoints. The rest is up to you.

In the Pursuit of Winning

In the Pursuit of Winning
Author: Masood Zangeneh
Publisher: Springer Science & Business Media
Total Pages: 355
Release: 2007-11-25
Genre: Psychology
ISBN: 0387721738
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As gambling become ever more ubiquitous, more people are risking their finances, family lives, and health in their desire to be the winner that takes it all. This book brings together an international panel of experts to present a wide variety of perspectives on problem gambling, and test popular addiction and disease models in the field. Early chapters examine the psychology of gambling, before moving on to the pastime’s associated irrational ideas. The seven chapters in the second half are devoted to evidence-based interventions from a variety of clinical orientations. Case examples, Q&A sections, and a glossary add extra readability to the coverage.

Mathematics in Games, Sports, and Gambling

Mathematics in Games, Sports, and Gambling
Author: Ronald J. Gould
Publisher: CRC Press
Total Pages: 376
Release: 2015-10-28
Genre: Mathematics
ISBN: 1498719538
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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 expla

Gambling and Speculation

Gambling and Speculation
Author: Reuven Brenner
Publisher: Cambridge University Press
Total Pages: 302
Release: 1990-03-30
Genre: Business & Economics
ISBN: 9780521381802
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Gambling and Speculation takes the long, historic perspective of its controversial subject. The book offers not only a better understanding of the recent "gambling craze," but also a fundamental inquiry into human nature and the structure of societies. The Brenners argue that the negative image of gamblers and of speculators stems from prejudice, whose roots are in the distant, forgotten past. Legal scholars have frequently confused gambling with speculation and the anti-gambling laws were, at times, erroneously interpreted as implying the prohibitions of contracts in futures and insurance markets. One consequence of all this confusion was that during this century both in the United States and England, the legislation and law on betting and gambling became ambiguous. The authors touch on this issue and make policy recommendations: to abolish restrictions on the industry, diminish the states' role in selling lotteries, and, at the same time, make legal distinctions capable of helping the tiny percentage of players who might be "addicted." The Brenners' recommendations on gambling are based on their conclusion that gamblers are neither "mentally ill" nor "criminals" and that gambling does not lead its practitioners to poverty. Rather, it is the other way around: some of the poor and the frustrated gamble. Looking at gambling in this way leads to questions about the nature of society: What do the fortunate do for those who are not? What is society's obligation to people who fall behind in the game of life? Answers to these questions require a discussion on the principles of equality, capitalism, the role of religious influence on society, topics that the Brenners have discussed in their previous studies, and they do so here too, putting gambling within its proper, historical context.

The History of the World from a Gambler's Perspective

The History of the World from a Gambler's Perspective
Author: Mason Malmuth
Publisher: Two Plus Two Pub.
Total Pages: 312
Release: 2020-06-10
Genre:
ISBN: 9781880685624
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Gambling is something that many of us participate in, and this can include a trip to a casino or perhaps a home game of poker. But it turns out gambling, or aspects of gambling, will appear in many places, and this, of course, includes history, and that s what this book is about.First, we ll define exactly what gambling is, explain why both luck and skill (or lack of skill) are important, and also define something called non-self-weighting strategies which just happens to be the right way to gamble.Then we ll venture into the world of history looking for those situations where great gambles were made, sometimes positive and sometimes negative, and find many other historical situations where aspects of gambling came into play that influenced what was about to happen. To be specific, we ll see how poor Goliath never had a chance, how Hernan Cortes was the luckiest man who ever lived, how the Spanish Armada had the wrong strategy, how Confederate General Braxton Bragg showed that it is better to be lucky than good, how Union General William T. Sherman understood how important poker was, how Wyatt Earp handled troublemakers, how middleweight champion of the world, Stanley Ketchel, would get himself flattened by a Jack Johnson punch, how Winston Churchill gave the English a chance to win World War II, how Benito Mussolini was what knowledgeable gamblers would refer to as a live one, how Leon Trotsky saved Soviet Russia, how a rain storm may have saved the United States, and much more. And finally, we ll see how Confederate General Robert E. Lee may have been the greatest gambler, and poker player, to have ever lived.