A university guy looks at mathematically modelling a local sporting event to see if he can beat the odds. He discovers some ineffiencies because of the structure of the game of jai-alai. It is very His research interests include the design of graph, string, and geometric algorithms, and their applications particularly to biology.
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Bestselling Series. Harry Potter. Popular Features. Home Learning. Description This is a book about a gambling system that works.
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! Other books in this series. Add to basket. Calculated Bets Professor Steven S. Table of contents Preface; Acknowledgements; 1. The making of a gambler; 2. What is Jai Alai? Monte Carlo on the Tundra; 4. The impact of the internet; 5. Is this bum any good?
Modeling the payoffs; 7. Engineering the system; 8. Putting my money where my mouth is; 9. How should you bet? Projects to ponder; Glossary; For further reading; Index. Review quote 'A well told story 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.
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. 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! 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. 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.
The book is written in a leisurely, relaxed style. The author doesn't assume any mathematical, statistical, or computer science knowledge of the reader, and gives plenty of background material on the subject.
I recommend this book for anyone who is curious about how mathematics and simulation can be used to learn how to win at gambling. About Professor Steven S. His research interests include the design of graph, string, and geometric algorithms, and their applications particularly to biology.
He is co-founder and Chief Scientist at General Sentiment www. Skiena received his PhD in Computer Science from the University of Illinois in , and is the author of over technical papers. Rating details. Book ratings by Goodreads. Goodreads is the world's largest site for readers with over 50 million reviews.
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Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win
Steven Skiena's Calculated Bets describes a clever computerized betting system which the author uses to scientifically and systematically "beat the odds" betting on jai alai games. In addition to describing his betting system, Prof. Skiena frequently digresses into various topics of mathematics and computer science which have some relevance to the betting system. In so doing he brings academic topics to life, showing, in the words of Mark Balestra, "how mathematical theory extends far beyond the academic boundaries in which so many of us attempt to contain it". Skiena's lucid and engaging writing style together with his seamless integration of disparate topics makes Calculated Bets a true masterpiece. In order to explain the mechanics of his system, Skiena gives his readers a crash course in jai alai; I will try to summarize only the very basics.
Calculated Bets : Computers, Gambling, and Mathematical Modeling to Win
Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? This is a book about a gambling system that works. 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.