Basic Gambling Mathematics: The Numbers Behind The Neon, 1st Edition (Hardback) book cover

Basic Gambling Mathematics

The Numbers Behind The Neon, 1st Edition

By Mark Bollman

Chapman and Hall/CRC

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Paperback: 9781482208931
pub: 2014-06-13
$64.95
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Hardback: 9781138427204
pub: 2017-07-27
$205.00
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eBook (VitalSource) : 9780429069536
pub: 2014-06-13
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Description

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.

Subject Categories

BISAC Subject Codes/Headings:
MAT000000
MATHEMATICS / General