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Basic Gambling Mathematics Mark Bollman

Basic Gambling Mathematics By Mark Bollman

Basic Gambling Mathematics by Mark Bollman

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$215.79
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Summary

This book explains the mathematics involved in analyzing games of chance, including casino games, horse racing and other sports, and lotteries. It is also suitable as a textbook for an introductory course on probability. Numerous examples and end-of-chapter exercises illustrate the mathematical ideas in a range of casino games.

Basic Gambling Mathematics Summary

Basic Gambling Mathematics: The Numbers Behind the Neon, Second Edition by Mark Bollman

Basic Gambling Mathematics: The Numbers Behind the Neon, Second Edition explains the mathematics involved in analyzing games of chance, including casino games, horse racing and other sports, 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.

New to the Second Edition

  • Thorough revision of content throughout, including new sections on the birthday problem (for informal gamblers) and the Monty Hall problem, as well as an abundance of fresh material on sports gambling
  • Brand new exercises and problems
  • A more accessible level of mathematical complexity, to appeal to a wider audience.

Basic Gambling Mathematics Reviews

Praise for the First Edition

"This book successfully transforms an already fun topic into an even more enjoyable read."
Mathematical Reviews, MAA

"This is a fantastic guide to gambling math, both for the beginner and the experienced gambler (or mathematician). As Bollmans math proves, theres rarely a sure bet, but Basic Gambling Mathematics comes pretty close."
David G. Schwartz, University of Nevada, Las Vegas, USA

"Basic Gambling Mathematics: The Numbers Behind the Neon is a must-have book for anyone interested in gambling mathematics. It not only covers all of the most popular casino games (blackjack, craps, roulette, keno), but is also a treasure trove of fascinating variants and novel games from casinos all over the world."
Mike Ferrara, University of Colorado Denver, USA

About Mark Bollman

Mark Bollman is Professor of Mathematics and chair of the Department of Mathematics & Computer Science at Albion College in Albion, Michigan, and has taught 116 different courses in his career. Among these courses is "Mathematics of the Gaming Industry," where mathematics majors carefully study the math behind games of chance and travel to Las Vegas, Nevada, in order to compare theory and practice. He has also taken those ideas into Albion's Honors Program in "Great Issues in Humanities: Perspectives on Gambling," which considers gambling from literary, philosophical, and historical points of view as well as mathematically. Mark has also authored Mathematics of Keno and Lotteries, Mathematics of Casino Carnival Games, and Mathematics of The Big Four Casino Table Games: Blackjack, Baccarat, Craps, & Roulette.

Table of Contents

1. Fundamental Ideas. 1.1. Historical Background. 1.2. Mathematical Background. 1.3. Definitions. 1.4. Axioms of Probability. 1.5. Elementary Counting Arguments. 1.6. Exercises. 2. Combinatorics and Probability. 2.1. Advanced Counting Arguments. 2.2. Odds. 2.3. Addition Rules. 2.4. Multiplication Rules and Conditional Probability. 2.5. Exercises. 3. Probability Distributions and Expectation. 3.1. Random Variables. 3.2. Expected Value and House Advantage. 3.3. Binomial Distribution. 3.4. Exercises. 4. Modified Casino Games. 4.1. Wheel Games. 4.2. Dice Games. 4.3. Card Games. 4.4. Casino Promotions. 4.5. Exercises. 5. Blackjack: The Mathematical Exception. 5.1. Rules of Blackjack. 5.2. Mathematics of Blackjack. 5.3. Basic Strategy. 5.4. Introduction to Card Counting. 5.5. Additional Topics in Card Counting. 5.6. Exercises. 6. Betting Strategies: Why They Dont Work. 6.1. Roulette Strategies. 6.2. Craps Strategies. 6.3. Slot Machine Strategies. 6.4. And One That Does: Lottery Strategies. 6.5. How To Double Your Money. 6.6. Exercises. Appendix A: House Advantages. Answers to Selected Exercises.

Additional information

NPB9781032414614
9781032414614
1032414618
Basic Gambling Mathematics: The Numbers Behind the Neon, Second Edition by Mark Bollman
Mark Bollman
AK Peters/CRC Recreational Mathematics Series
New
Hardback
Taylor & Francis Ltd
2023-08-31
310
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Basic Gambling Mathematics