Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win

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Author: Steven Skiena

ISBN-10: 0521009626

ISBN-13: 9780521009621

Category: Gambling - General & Miscellaneous

Calculated Bets describes a gambling system that works. Steven Skiena, a jai-alai enthusiast and computer scientist, documents how he used computer simulations and modeling techniques to predict the outcome of jai-alai matches and increased his initial stake by 544% in one year. Skiena demonstrates how his jai-alai system functions like a stock trading system, and includes examples of how gambling and mathematics interact in program trading systems, how mathematical models are used in...

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A story of using computer simulations and mathematical modeling techniques to predict the outcome of jai-alai matches and bet on them successfully. Booknews Skiena (computer science, State University of New York at Stonybrook) goes beyond the usual territory of applied mathematics to explain how mathematical models and computer simulations can be used to predict the outcome of jai alai matches and successfully bet on them. Along the way, he explains some of the basic ideas of mathematical modeling and computer programming, as well as discussing some of the history of other gambling systems for lotto, roulette, and the stock market. Annotation c. Book News, Inc., Portland, OR (booknews.com)

PrefaceAcknowledgments1The Making of a Gambler12What Is Jai Alai?63Monte Carlo on the Tundra404The Impact of the Internet685Is This Bum Any Good?856Modeling the Payoffs1097Engineering the System1508Putting My Money Where My Mouth Is1749How Should You Bet?18710Projects to Ponder209Glossary215For Further Reading219Index223