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Calculated Bets

Calculated Bets
Computers, Gambling, and Mathematical Modeling to Win

£22.99

Part of Outlooks

  • Date Published: October 2001
  • availability: Available
  • format: Paperback
  • isbn: 9780521009621

£ 22.99
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Description
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About the Authors
  • This is a book about a gambling system that works. It tells the story of how the author used computer simulations and mathematical modeling techniques to predict the outcome of jai-alai matches and bet on them successfully - increasing his initial stake by over 500% in one year! His results can work for anyone: at the end of the book he tells the best way to watch jai-alai, and how to bet on it. With humour and enthusiasm, Skiena details a life-long fascination with computer predictions and sporting events. Along the way, he discusses other gambling systems, both successful and unsuccessful, for such games as lotto, roulette, blackjack, and the stock market. Indeed, he shows how his jai-alai system functions just like a miniature stock trading system. Do you want to learn about program trading systems, the future of Internet gambling, and the real reason brokerage houses don't offer mutual funds that invest at racetracks and frontons? How mathematical models are used in political polling? The difference between correlation and causation? If you are curious about gambling and mathematics, odds are this book is for you!

    • Exciting story of a successful gambling system
    • Entertaining introduction to mathematical modelling techniques and methodologies
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    Reviews & endorsements

    'A well told story … [the author] really knows his stuff. I couldn't put it down. The informal style is terrific; we should have more books written this way … Skiena really knows how to teach.' Persi Diaconis, Stanford University

    'The book is easy to follow and provides insight to the beginning student of gambling games.' William T. Ziemba, University of British Columbia

    'This funny and utterly compelling book is the story of how Skiena and his students constructed an embarrassingly successful computer program called Maven.' Tony Jones, New Scientist

    'The book teaches with humor and enthusiasm how to use statistical data and analyze them, how to use computers for processing data, how to create mathematical models that fit your problem, and many other interesting things.' Zentralblatt für Mathematik und ihre Grenzgebiete Mathematics Abstracts

    'This interesting book is about a gambling system that works. His methods can work for anyone; at the end of the book the author describes the best way to bet on jai alai. The book will be surely of interest not only for the fun of jai alai, but also for all those who would like to learn about the program trading systems, the future of internet gambling, how mathematical methods are used in political polling, what is the difference between the correlation and causality, and so on. If you are interested in gambling and mathematics, the odds are that this is a book for you!' EMS

    'Interspersed with this account are many valuable digressions which make the book a very good general introduction to the ideas of modelling and simulation, enlivened by the highly practical example which forms its core. Skiena writes with wit, clarity and enthusiasm, and his story is an enthralling one. No matter if (like me) you have never heard of Jai Alai before, or never bet on a horse or bought a lottery ticket in your life, the reader identifies with Skiena's quest, and shares vicariously in his success.' The Mathematical Gazette

    'Stephen Skiena has a rare gift: … Charmingly self-depreciative, Skiena suggests early on in Calculated Bets he's just a 'mild mannered professor', noting that 'part of the fun' of the title 'is the spectacle of a second-rate mind wasting itself on jai alai'… Concerns for the future of gambling aside, Calculated Bets is an eloquent exercise in prose and effortlessly teaches the less mathematically minded amongst us how computing can be innovative and interesting. It also offers a unique tale of how one man, along with the help of a few friends, can get to grips with betting and beat the bookmakers. It's for these reasons and so many more that we strongly recommend Calculated Bets.' www.casinoonline.co.uk

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    Product details

    • Date Published: October 2001
    • format: Paperback
    • isbn: 9780521009621
    • length: 252 pages
    • copublisher: The Mathematical Association of America
    • dimensions: 228 x 152 x 20 mm
    • weight: 0.35kg
    • contains: 35 b/w illus. 32 tables
    • availability: Available
  • Table of Contents

    Preface
    Acknowledgements
    1. The making of a gambler
    2. What is Jai Alai?
    3. Monte Carlo on the Tundra
    4. The impact of the internet
    5. Is this bum any good?
    6. Modeling the payoffs
    7. Engineering the system
    8. Putting my money where my mouth is
    9. How should you bet?
    10. Projects to ponder
    Glossary
    For further reading
    Index.

  • Author

    Steven S. Skiena, State University of New York, Stony Brook
    Steven Skiena is Distinguished Teaching Professor of Computer Science at Stony Brook University. His research interests include the design of graph, string, and geometric algorithms, and their applications (particularly to biology). He is the author of five books, including The Algorithm Design Manual and Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win. He is co-founder and Chief Scientist at General Sentiment (www.generalsentiment.com), a media measurement company based on his Lydia text/sentiment analysis system. Skiena received his PhD in Computer Science from the University of Illinois in 1988, and is the author of over 130 technical papers. He is a former Fulbright scholar, and a recipient of the ONR Young Investigator Award and the IEEE Computer Science and Engineer Teaching Award.

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