The perfect bet: how science and maths are taking the luck out of gambling

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9781781255469: The perfect bet: how science and maths are taking the luck out of gambling
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Perfect Bet

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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. He features 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 in the pursuit of scientific knowledge and technological innovation."

About the Author:

Adam Kucharski is an assistant professor in mathematical modeling at the London School of Hygiene and Tropical Medicine and an award-winning science writer. He studied at the University of Warwick before completing a PhD in mathematics at the University of Cambridge. The winner of the 2012 Wellcome Trust Science Writing Prize, Kucharski lives in London.

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Other Popular Editions of the Same Title

9781541697232: The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling

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ISBN 10:  1541697235 ISBN 13:  9781541697232
Publisher: Basic Books, 2017
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9780465055951: The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling

Basic ..., 2016
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9781781255476: The Perfect Bet: Taking the Luck out of Gambling

PROFIL..., 2017
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Adam Kucharski
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Book Description Profile Books Ltd, United Kingdom, 2016. Paperback. Condition: New. Main. Language: English. Brand new Book. Gamblers have been trying to figure out how to game the system since our ancestors first made wagers over dice fashioned from knucklebones: in revolutionary Paris, the 'martingale' strategy was rumoured to lead to foolproof success at the roulette table; now, in the 21st century, professional gamblers are using cutting-edge techniques to tilt the odds further in their favour. At the roulette wheel, card table or racecourse, science is giving us the competitive edge over opponents, casinos and bookmakers. But is there such a thing as a perfect bet?The Perfect Bet looks beyond probability and statistics to examine how wagers have inspired a plethora of new disciplines - spanning chaos theory, behavioural psychology, machine learning and game theory - which are not just revolutionising gambling, but changing our fundamental notions about chance, randomness and luck. Explaining why poker is gaming's last bastion of human superiority over artificial intelligence, how methods originally developed for the US nuclear programme are helping pundits predict sports results and how a new breed of algorithms are managing to lose banks and asset traders millions, The Perfect Bet has the inside track on just about any wager you'd care to place. Seller Inventory # AA99781781255469

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Book Description Profile Books Ltd, United Kingdom, 2016. Paperback. Condition: New. Main. Language: English. Brand new Book. Gamblers have been trying to figure out how to game the system since our ancestors first made wagers over dice fashioned from knucklebones: in revolutionary Paris, the 'martingale' strategy was rumoured to lead to foolproof success at the roulette table; now, in the 21st century, professional gamblers are using cutting-edge techniques to tilt the odds further in their favour. At the roulette wheel, card table or racecourse, science is giving us the competitive edge over opponents, casinos and bookmakers. But is there such a thing as a perfect bet?The Perfect Bet looks beyond probability and statistics to examine how wagers have inspired a plethora of new disciplines - spanning chaos theory, behavioural psychology, machine learning and game theory - which are not just revolutionising gambling, but changing our fundamental notions about chance, randomness and luck. Explaining why poker is gaming's last bastion of human superiority over artificial intelligence, how methods originally developed for the US nuclear programme are helping pundits predict sports results and how a new breed of algorithms are managing to lose banks and asset traders millions, The Perfect Bet has the inside track on just about any wager you'd care to place. Seller Inventory # AA99781781255469

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