• Games

Taking Chances

Winning with Probability
Author: John Haigh
Publisher: Oxford University Press, USA
ISBN: 0198526636
Category: Games
Page: 373
View: 8218
"What are the odds against winning the Lotto, The Weakest Link, or Who Wants to be a Millionaire? The answer lies in the science of probability, yet many of us are unaware of how this science works. Every day, people make judgements on a wide variety of situations where chance plays a role, including buying insurance, betting on horse-racing, following medical advice - even carrying an umbrella. In Taking Chances, John Haigh guides the reader round common pitfalls, demonstrates how to make better-informed decisions, and shows where the odds can be unexpectedly in your favour. This new edition has been fully updated, and includes information on top television shows, plus a new chapter on Probability for Lawyers."--BOOK JACKET.

    • Games & Activities

Taking Chances

Winning with Probability
Author: John Haigh
Publisher: OUP Oxford
ISBN: 0191500550
Category: Games & Activities
Page: 400
View: 2605
What are the odds against winning the Lottery, making money in a casino, or backing the right horse? Every day, people make judgements on these matters and face other decisions that rest on their understanding of probability: buying insurance, following medical advice, carrying an umbrella. Yet many of us have a frightening ignorance of how probability works. Taking Chances presents an entertaining and fascinating exploration of probability, revealing traps and fallacies in the field. It describes and analyses a remarkable variety of situations where chance plays a role, including football pools, the Lottery, TV games, sport, cards, roulette, coins, and dice. The book guides the reader round common pitfalls, demonstrates how to make better informed decisions, and shows where the odds can be unexpectedly in your favour. This new edition has been fully updated, and includes information on "Who Wants to be a Millionaire?" and "The Weakest Link", plus a new chapter on Probability for Lawyers.

    • Games

Taking Chances

Winning with Probability
Author: John Haigh
Publisher: Oxford University Press, USA
ISBN: 9780198526636
Category: Games
Page: 373
View: 3908
"What are the odds against winning the Lotto, The Weakest Link, or Who Wants to be a Millionaire? The answer lies in the science of probability, yet many of us are unaware of how this science works. Every day, people make judgements on a wide variety of situations where chance plays a role, including buying insurance, betting on horse-racing, following medical advice - even carrying an umbrella. In Taking Chances, John Haigh guides the reader round common pitfalls, demonstrates how to make better-informed decisions, and shows where the odds can be unexpectedly in your favour. This new edition has been fully updated, and includes information on top television shows, plus a new chapter on Probability for Lawyers."--BOOK JACKET.

    • Mathematics

What's Luck Got to Do with It?

The History, Mathematics, and Psychology of the Gambler's Illusion
Author: Joseph Mazur
Publisher: Princeton University Press
ISBN: 9781400834457
Category: Mathematics
Page: 296
View: 1203
Why do so many gamblers risk it all when they know the odds of winning are against them? Why do they believe dice are "hot" in a winning streak? Why do we expect heads on a coin toss after several flips have turned up tails? What's Luck Got to Do with It? takes a lively and eye-opening look at the mathematics, history, and psychology of gambling to reveal the most widely held misconceptions about luck. It exposes the hazards of feeling lucky, and uses the mathematics of predictable outcomes to show when our chances of winning are actually good. Mathematician Joseph Mazur traces the history of gambling from the earliest known archaeological evidence of dice playing among Neolithic peoples to the first systematic mathematical studies of games of chance during the Renaissance, from government-administered lotteries to the glittering seductions of grand casinos, and on to the global economic crisis brought on by financiers' trillion-dollar bets. Using plenty of engaging anecdotes, Mazur explains the mathematics behind gambling--including the laws of probability, statistics, betting against expectations, and the law of large numbers--and describes the psychological and emotional factors that entice people to put their faith in winning that ever-elusive jackpot despite its mathematical improbability. As entertaining as it is informative, What's Luck Got to Do with It? demonstrates the pervasive nature of our belief in luck and the deceptive psychology of winning and losing. Some images inside the book are unavailable due to digital copyright restrictions.

    • Mathematics

Head First Statistics


Author: Dawn Griffiths
Publisher: "O'Reilly Media, Inc."
ISBN: 059680086X
Category: Mathematics
Page: 716
View: 8274
Wouldn't it be great if there were a statistics book that made histograms, probability distributions, and chi square analysis more enjoyable than going to the dentist? Head First Statistics brings this typically dry subject to life, teaching you everything you want and need to know about statistics through engaging, interactive, and thought-provoking material, full of puzzles, stories, quizzes, visual aids, and real-world examples. Whether you're a student, a professional, or just curious about statistical analysis, Head First's brain-friendly formula helps you get a firm grasp of statistics so you can understand key points and actually use them. Learn to present data visually with charts and plots; discover the difference between taking the average with mean, median, and mode, and why it's important; learn how to calculate probability and expectation; and much more. Head First Statistics is ideal for high school and college students taking statistics and satisfies the requirements for passing the College Board's Advanced Placement (AP) Statistics Exam. With this book, you'll: Study the full range of topics covered in first-year statistics Tackle tough statistical concepts using Head First's dynamic, visually rich format proven to stimulate learning and help you retain knowledge Explore real-world scenarios, ranging from casino gambling to prescription drug testing, to bring statistical principles to life Discover how to measure spread, calculate odds through probability, and understand the normal, binomial, geometric, and Poisson distributions Conduct sampling, use correlation and regression, do hypothesis testing, perform chi square analysis, and more Before you know it, you'll not only have mastered statistics, you'll also see how they work in the real world. Head First Statistics will help you pass your statistics course, and give you a firm understanding of the subject so you can apply the knowledge throughout your life.

    • Games

Understanding and Calculating the Odds

Probability Theory Basics and Calculus Guide for Beginners, with Applications in Games of Chance and Everyday Life
Author: Catalin Barboianu
Publisher: INFAROM Publishing
ISBN: 9738752019
Category: Games
Page: 420
View: 3657
This book presents not only the mathematical concept of probability, but also its philosophical aspects, the relativity of probability and its applications and even the psychology of probability. All explanations are made in a comprehensible manner and are supported with suggestive examples from nature and daily life, and even with challenging math paradoxes. (Mathematics)

    • Games

Probability Guide to Gambling

The Mathematics of Dice, Slots, Roulette, Baccarat, Blackjack, Poker, Lottery and Sport Bets
Author: Catalin Barboianu
Publisher: INFAROM Publishing
ISBN: 9738752035
Category: Games
Page: 316
View: 1287
Over the past two decades, gamblers have begun taking mathematics into account more seriously than ever before. While probability theory is the only rigorous theory modeling the uncertainty, even though in idealized conditions, numerical probabilities are viewed not only as mere mathematical information, but also as a decision-making criterion, especially in gambling. This book presents the mathematics underlying the major games of chance and provides a precise account of the odds associated with all gaming events. It begins by explaining in simple terms the meaning of the concept of probability for the layman and goes on to become an enlightening journey through the mathematics of chance, randomness and risk. It then continues with the basics of discrete probability (definitions, properties, theorems and calculus formulas), combinatorics and counting arguments for those interested in the supporting mathematics. These mathematic sections may be skipped by readers who do not have a minimal background in mathematics; these readers can skip directly to the Guide to Numerical Results to pick the odds and recommendations they need for the desired gaming situation. Doing so is possible due to the organization of that chapter, in which the results are listed at the end of each section, mostly in the form of tables. The chapter titled The Mathematics of Games of Chance presents these games not only as a good application field for probability theory, but also in terms of human actions where probability-based strategies can be tried to achieve favorable results. Through suggestive examples, the reader can see what are the experiments, events and probability fields in games of chance and how probability calculus works there. The main portion of this work is a collection of probability results for each type of game. Each game s section is packed with formulas and tables. Each section also contains a description of the game, a classification of the gaming events and the applicable probability calculations. The primary goal of this work is to allow the reader to quickly find the odds for a specific gaming situation, in order to improve his or her betting/gaming decisions. Every type of gaming event is tabulated in a logical, consistent and comprehensive manner. The complete methodology and complete or partial calculations are shown to teach players how to calculate probability for any situation, for every stage of the game for any game. Here, readers can find the real odds, returned by precise mathematical formulas and not by partial simulations that most software uses. Collections of odds are presented, as well as strategic recommendations based on those odds, where necessary, for each type of gaming situation. The book contains much new and original material that has not been published previously and provides great coverage of probabilities for the following games of chance: Dice, Slots, Roulette, Baccarat, Blackjack, Texas Hold em Poker, Lottery and Sport Bets. Most of games of chance are predisposed to probability-based decisions. This is why the approach is not an exclusively statistical one (like many other titles published on this subject), but analytical: every gaming event is taken as an individual applied probability problem to solve. A special chapter defines the probability-based strategy and mathematically shows why such strategy is theoretically optimal."

    • Mathematics

The Perfect Bet

How Science and Math Are Taking the Luck Out of Gambling
Author: Adam Kucharski
Publisher: Basic Books
ISBN: 0465098592
Category: Mathematics
Page: 288
View: 8380
For the past 500 years, gamblers-led by mathematicians and scientists-have been trying to figure out how to 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 succeeded, revolutionizing mathematics and science in the process. The house can seem unbeatable. Kucharski shows us just why it isn't. Even better, he demonstrates how the search for the perfect bet has been crucial for the scientific pursuit of a better world.

    • Education

Chances Are--

Making Probability and Statistics Fun to Learn and Easy to Teach
Author: Nancy Pfenning
Publisher: PRUFROCK PRESS INC.
ISBN: 1882664353
Category: Education
Page: 176
View: 3616
Do you avoid teaching probability and statistics because the subjects seem confusing and complex? Are you less than sure about your knowledge of the topics? Let Chances Are take you and your students on a fun and exciting mathematical journey none of you will ever forget! Filled with easy-to-understand explanations and creative activities, this book offers teachers a simple method for teaching probability and statistics in an enjoyable way. This book can serve as an introduction for any beginner, from gifted and advanced students in upper elementary school, to high school students needing enrichment or preparation for Advanced Placement Statistics or future college courses. From helping to win a card game, to making life-or-death medical decisions, the uses of probability and statistics are virtually endless. For teachers of elementary students, the book offers simple, hands-on lessons and activities about probability and basic statistics. For teachers of older students, advanced statistical concepts are discussed and activities are provided. Reviewers have found the book's level to be appropriate for a wide range of ages, from fourth graders to postsecondary students.

    • Mathematics

Chances Are . . .

Adventures in Probability
Author: Michael Kaplan,Ellen Kaplan
Publisher: Penguin
ISBN: 9781440684517
Category: Mathematics
Page: 336
View: 7848
A compelling journey through history, mathematics, and philosophy, charting humanity’s struggle against randomness Our lives are played out in the arena of chance. However little we recognize it in our day-to-day existence, we are always riding the odds, seeking out certainty but settling—reluctantly—for likelihood, building our beliefs on the shadowy props of probability. Chances Are is the story of man’s millennia-long search for the tools to manage the recurrent but unpredictable—to help us prevent, or at least mitigate, the seemingly random blows of disaster, disease, and injustice. In these pages, we meet the brilliant individuals who developed the first abstract formulations of probability, as well as the intrepid visionaries who recognized their practical applications—from gamblers to military strategists to meteorologists to medical researchers, from blackjack to our own mortality.

    • Education

Probabilities

The Little Numbers That Rule Our Lives
Author: Peter Olofsson
Publisher: John Wiley & Sons
ISBN: 1118898907
Category: Education
Page: 328
View: 8665
What are the chances? Find out in this entertaining exploration of probabilities in our everyday lives "If there is anything you want to know, or remind yourself, about probabilities, then look no further than this comprehensive, yet wittily written and enjoyable, compendium of how to apply probability calculations in real-world situations."--Keith Devlin, Stanford University, National Public Radio's "Math Guy" and author of The Math Gene and The Math Instinct. "A delightful guide to the sometimes counterintuitive discipline of probability. Olofsson points out major ideas here, explains classic puzzles there, and everywhere makes free use of witty vignettes to instruct and amuse."--John Allen Paulos, Temple University, author of Innumeracy and A Mathematician Reads the Newspaper. "Beautifully written, with fascinating examples and tidbits of information. Olofsson gently and persuasively shows us how to think clearly about the uncertainty that governs our lives."--John Haigh, University of Sussex, author of Taking Chances: Winning with Probability. From probable improbabilities to regular irregularities, Probabilities: The Little Numbers That Rule Our Lives investigates the often-surprising effects of risk and chance in our everyday lives. With examples ranging from WWII espionage to the O.J. Simpson trial, from bridge to blackjack, from Julius Caesar to Jerry Seinfeld, the reader is taught how to think straight in a world of randomness and uncertainty. Throughout the book, readers learn: -Why it is not that surprising for someone to win the lottery twice -How a faulty probability calculation forced an innocent woman to spend three years in prison -How to place bets if you absolutely insist on gambling -How a newspaper turned an opinion poll into one of the greatest election blunders in history. Educational, eloquent, and entertaining, Probabilities: The Little Numbers That Rule Our Lives is the ideal companion for anyone who wants to obtain a better understanding of the mathematics of chance.

    • Mathematics

Mathematics of Games and Gambling


Author: Edward W. Packel
Publisher: MAA
ISBN: 9780883856468
Category: Mathematics
Page: 175
View: 6885
The new edition of a favourite, featuring fresh material such as betting in sport and bluffing in poker.

    • Chance

How to Take a Chance


Author: Darrell Huff
Publisher: London : V. Gollancz, 1960 [c1959]
ISBN: N.A
Category: Chance
Page: 173
View: 758

    • Mathematics

Chancing It

The Laws of Chance and How They Can Work for You
Author: Robert Matthews
Publisher: Skyhorse Publishing Inc.
ISBN: 1510723811
Category: Mathematics
Page: 304
View: 388
Make your own luck by understanding probability Over the years, some very smart people have thought they understood the rules of chance?only to fail dismally. Whether you call it probability, risk, or uncertainty, the workings of chance often defy common sense. Fortunately, advances in math and science have revealed the laws of chance, and understanding those laws can help in your everyday life. In Chancing It, award-winning scientist and writer Robert Matthews shows how to understand the laws of probability and use them to your advantage. He gives you access to some of the most potent intellectual tools ever developed and explains how to use them to guide your judgments and decisions. By the end of the book, you will know: How to understand and even predict coincidences When an insurance policy is worth having Why “expert” predictions are often misleading How to tell when a scientific claim is a breakthrough or baloney When it makes sense to place a bet on anything from sports to stock markets A groundbreaking introduction to the power of probability, Chancing It will sharpen your decision-making and maximize your luck.

    • Games

Finding the Edge

Mathematical Analysis of Casino Games
Author: William R. Eadington
Publisher: University of Nevada Press
ISBN: 9780942828405
Category: Games
Page: 441
View: 4025
This text gives information on the current status of gambling and the issues that arise with the existence of legal commercial gaming. It provides an analysis of a variety of gambling opportunities, including studies in sports and horse-race betting, video poker, roulette and craps.

    • Mathematics

Statistics Hacks

Tips & Tools for Measuring the World and Beating the Odds
Author: Bruce Frey
Publisher: "O'Reilly Media, Inc."
ISBN: 9780596553999
Category: Mathematics
Page: 358
View: 7893
Want to calculate the probability that an event will happen? Be able to spot fake data? Prove beyond doubt whether one thing causes another? Or learn to be a better gambler? You can do that and much more with 75 practical and fun hacks packed into Statistics Hacks. These cool tips, tricks, and mind-boggling solutions from the world of statistics, measurement, and research methods will not only amaze and entertain you, but will give you an advantage in several real-world situations-including business. This book is ideal for anyone who likes puzzles, brainteasers, games, gambling, magic tricks, and those who want to apply math and science to everyday circumstances. Several hacks in the first chapter alone-such as the "central limit theorem,", which allows you to know everything by knowing just a little-serve as sound approaches for marketing and other business objectives. Using the tools of inferential statistics, you can understand the way probability works, discover relationships, predict events with uncanny accuracy, and even make a little money with a well-placed wager here and there. Statistics Hacks presents useful techniques from statistics, educational and psychological measurement, and experimental research to help you solve a variety of problems in business, games, and life. You'll learn how to: Play smart when you play Texas Hold 'Em, blackjack, roulette, dice games, or even the lottery Design your own winnable bar bets to make money and amaze your friends Predict the outcomes of baseball games, know when to "go for two" in football, and anticipate the winners of other sporting events with surprising accuracy Demystify amazing coincidences and distinguish the truly random from the only seemingly random--even keep your iPod's "random" shuffle honest Spot fraudulent data, detect plagiarism, and break codes How to isolate the effects of observation on the thing observed Whether you're a statistics enthusiast who does calculations in your sleep or a civilian who is entertained by clever solutions to interesting problems, Statistics Hacks has tools to give you an edge over the world's slim odds.

    • Computers

Calculated Bets

Computers, Gambling, and Mathematical Modeling to Win
Author: Steven S. Skiena
Publisher: Cambridge University Press
ISBN: 9780521009621
Category: Computers
Page: 232
View: 6001
A story of using computer simulations and mathematical modeling techniques to predict the outcome of jai-alai matches and bet on them successfully.

    • Business & Economics

The House Advantage

Playing the Odds to Win Big In Business
Author: Jeffrey Ma
Publisher: St. Martin's Press
ISBN: 9780230109681
Category: Business & Economics
Page: 272
View: 2228
As part of the notorious MIT Team depicted in Ben Mezrich's now classic Bringing Down the House, Jeff Ma used math and statistics to master the game of blackjack and reap handsome rewards at casinos. Years later, Ma has inspired not only a bestselling novel and hit movie, but has also started three different companies—the latest of which, Citizen Sports, is an innovative marriage of sports, betting, and digital technology—and launched a successful corporate speaking career. The House Advantage reveals Ma's cutting-edge mathematical insights into the world of statistics and makes them applicable to a wide business audience. He argues that numbers are the key to analyzing nearly everything in the world of business, from how to spot and profit from global market inefficiencies to having multiple backup plans in anticipation of every probability. Ma's stories and business lessons are as intriguing as they are universally applicable.

    • Mathematics

The Doctrine of Chances

Or, a Method of Calculating the Probability of Events in Play
Author: Abraham de Moivre
Publisher: Cambridge University Press
ISBN: 110806180X
Category: Mathematics
Page: 280
View: 3687
A Huguenot exile in England, the French mathematician Abraham de Moivre (1667-1754) formed friendships with such luminaries as Edmond Halley and Isaac Newton. Making his living from private tuition, he became a fellow of the Royal Society in 1697 and published papers on a range of topics. Probability theory had been pioneered by Pascal, Fermat and Huygens, with further development by the Bernoullis. Originally published in 1718, The Doctrine of Chances was the first English textbook on the new science and so influential that for a time the whole subject was known by the title of the work. Reissued here is the revised and expanded 1738 second edition which contains the remarkable discovery that when a coin is tossed many times, the binomial distribution may be approximated by the normal distribution. This version of the central limit theorem stands as one of de Moivre's most significant contributions to mathematics.

    • Mathematics

Basic Gambling Mathematics

The Numbers Behind The Neon
Author: Mark Bollman
Publisher: CRC Press
ISBN: 1482208938
Category: Mathematics
Page: 284
View: 6982
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.