Monte Carlo or Bust: Simple Simulations for Aspiring Sports Bettors (Paperback)Joseph Buchdahl (author)
Almost everyone is familiar with Monte Carlo's association with gambling, and its famous Casino. Many may also have come across the Monte Carlo fallacy, so-called after the Casino's roulette wheel ball fell on black 26th times in a row, costing players, who believed that the law of averages made such streaks impossible, millions of dollars. However, the Casino also lends its name to a tool of statistical forecasting, the Monte Carlo simulation, used to model the probability of uncertain outcomes that cannot be easily predicted from mathematical equations.
This book provides a detailed account for how aspiring sports bettors can use a Monte Carlo simulation to improve the quality, and hopefully profitability, of their betting, and in doing so unravels the mystery of probability and variance that lies at the heart of all gambling.
Publisher: Oldcastle Books Ltd
Number of pages: 368
Dimensions: 234 x 153 mm
A comprehensive guide for how to make randomness work for you, rather than against you... This is ground-breaking work - Pinnacle
You may also be interested in...
Would you like to proceed to the App store to download the Waterstones App?