The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling

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9781681680583: The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling
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Bringing together ideas from mathematics, psychology, economics and physics, The Perfect Bet traces the origins of successful betting methods. From the simple to the intricate, and the audacious to the absurd, Adam Kucharski reveals the long and tangled history between betting and science, and explains why gambling continues to generate insights into luck and decision-making today. Covering exploits and ideas from across the globe, he meets the teams behind hedge funds that capitalize on inaccurate sports betting odds, and explains how PhD-level pundits are using methods originally developed for the U. S. nuclear program to predict sports results. Kucharski reveals why winning at chess depends on luck-but victory in checkers does not-and why poker is one of the ultimate challenges for artificial intelligence. He also explores the difficulties of mimicking human behavior, and explains what caused one hedge fund's rogue algorithm to lose them $400,000 per second in the summer of 2012.

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There is one thing about gambling that everyone knows: the house always wins. Lotteries are set up to guarantee profits, to the state. A craps game is a sure thing, but only if you own the table. Sometimes, however, everyone is wrong. After all, the reason that casinos ban card counters is that counting cards works. Indeed, for the past 500 years, gamblersled by mathematicians and scientistshave been trying to figure out how to turn the tables on the house and pull the rug out from under Lady Luck.

In The Perfect Bet, mathematician and award-winning writer Adam Kucharski tells the astonishing story of how the experts have done it, revolutionizing mathematics and science in the process. From Galileo to Alan Turing, betting has been scientists’ playground for ideas: dice games in sixteenth-century bars gave birth to the theory of probability, and poker to game theory (mathematician John von Neumann wanted to improve his game) and to much of artificial intelligence. Kucharski gives us a collection of rogues, geniuses, and mavericks who are equally at home in a casino in Monte Carlo as investigating how to build an atomic bomb for the Manhattan Project. They include the mathematician who flipped a coin 25,000 times to see if it was fair; the college kids who gamed the Massachusetts lottery to yield millions of dollars in profit; and the horse-betting syndicates of Hong Kong’s Happy Valley, who turned a wager on ponies into a multi-billion-dollar industry.

With mathematical rigor and narrative flair, Adam Kucharski reveals the tangled history of betting and science. The house can seem unbeatable. In this book, Kucharski shows us just why it isn’t. Even better, he shows us how the search for the perfect bet has been crucial for the scientific pursuit of a better world.

About the Author:

Jonathan Yen was inspired by the Golden Age of Radio, and while the gold was gone by the time he got there, he's carried that inspiration through to commercial work, voice acting, and stage productions. From vintage Howard Fast science fiction to naturalist Paul Rosolie's true adventures in the Amazon, Jonathan loves to tell a good story.

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Book Description HIGHBRIDGE AUDIO, United States, 2016. CD-Audio. Condition: New. Unabridged. Language: English . Brand New. Bringing together ideas from mathematics, psychology, economics and physics, The Perfect Bet traces the origins of successful betting methods. From the simple to the intricate, and the audacious to the absurd, Adam Kucharski reveals the long and tangled history between betting and science, and explains why gambling continues to generate insights into luck and decision-making today. Covering exploits and ideas from across the globe, he meets the teams behind hedge funds that capitalize on inaccurate sports betting odds, and explains how PhD-level pundits are using methods originally developed for the U. S. nuclear program to predict sports results. Kucharski reveals why winning at chess depends on luck-but victory in checkers does not-and why poker is one of the ultimate challenges for artificial intelligence. He also explores the difficulties of mimicking human behavior, and explains what caused one hedge fund s rogue algorithm to lose them $400,000 per second in the summer of 2012. Seller Inventory # AAC9781681680583

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Book Description HighBridge Company. No binding. Condition: New. Bringing together ideas from mathematics, psychology, economics and physics, The Perfect Bet traces the origins of successful betting methods. From the simple to the intricate, and the audacious to the absurd, Adam Kucharski reveals the long and tangled history between betting and science, and explains why gambling continues to generate insights into luck and decision-making today. Covering exploits and ideas from across the globe, he meets the teams behind hedge funds that capitalize on inaccurate sports betting odds, and explains how PhD-level pundits are using methods originally developed for the US nuclear program to predict sports results. Kucharski reveals why winning at chess depends on luckbut victory in checkers does notand why poker is one of the ultimate challenges for artificial intelligence. He also explores the difficulties of mimicking human behavior, and explains what caused one hedge funds rogue algorithm to lose them 400, 000 per second in the summer of 2012. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Audio CD. Seller Inventory # 9781681680583

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Book Description HIGHBRIDGE AUDIO, United States, 2016. CD-Audio. Condition: New. Unabridged. Language: English . Brand New. Bringing together ideas from mathematics, psychology, economics and physics, The Perfect Bet traces the origins of successful betting methods. From the simple to the intricate, and the audacious to the absurd, Adam Kucharski reveals the long and tangled history between betting and science, and explains why gambling continues to generate insights into luck and decision-making today. Covering exploits and ideas from across the globe, he meets the teams behind hedge funds that capitalize on inaccurate sports betting odds, and explains how PhD-level pundits are using methods originally developed for the U. S. nuclear program to predict sports results. Kucharski reveals why winning at chess depends on luck-but victory in checkers does not-and why poker is one of the ultimate challenges for artificial intelligence. He also explores the difficulties of mimicking human behavior, and explains what caused one hedge fund s rogue algorithm to lose them $400,000 per second in the summer of 2012. Seller Inventory # AAC9781681680583

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