Basic Gambling Mathematics: The Numbers Behind The Neon

Mark Bollman

June 13, 2014 by Chapman and Hall/CRC
Reference - 284 Pages - 20 B/W Illustrations
ISBN 9781482208931 - CAT# K21612

USD$59.95

Add to Wish List
FREE Standard Shipping!

Features

  • Focuses on the applications of elementary probability to games of chance
  • Covers newer games, including Caribbean stud poker, Royal Roulette, and sic bo, as well as new variations of classic games
  • Offers an axiomatic approach to probability for those interested in the theoretical foundations
  • Reviews the necessary mathematical fundamentals
  • Requires no calculus or advanced statistical methods
  • Contains a large number of examples and exercises, with solutions to odd-numbered exercises at the back of the book

Solutions manual available upon qualifying course adoption

Summary

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.

Share this Title