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

The Perfect Bet How Science and Math Are Taking the Luck Out of Gambling For the past 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 wr

  • Title: The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling
  • Author: Adam Kucharski
  • ISBN: 9780465055951
  • Page: 305
  • Format: Hardcover
  • 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 KuchFor 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.

    One thought on “The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling”

    1. Although I'm not a gambler at all, the game theory, math and science intrigue me, and this book delivers. Not so much in the specific instructions of how, but in the history and development of this industry at the highest level and the major leaps forward in statistics and computer science that drove it forward. The author discusses topics as diverse as horse racing bets in Hong Kong to sports statistics and sabermetrics to stock market betting exchanges to the development of computer bots for b [...]

    2. This is a book about the application of mathematics to gambling and sports betting. The book started out discussing how gamblers have used math to beat casinos roulette table games. The author is a mathematician and didn't understand the information he was presenting was really physics and not math and could not be correct Without boring you with the scientific details the author repeated a story about a team that had a computer in a shoe and could tell where the little marble would end up, givi [...]

    3. A bit esoteric but a very interesting review of gaming and how probabilities, chance, human factors and the nature of the game impact outcomes. Also an interesting reminder of how huge personalities in the high tech, mathematics and physics world have driven the understanding of all kinds of games and gaming. Probably only for those with at least a basic understanding of math and stochastic processes.

    4. There are eight chapters in this book. Each chapter looks at a different game or aspect of a game. The book kind of goes from old to new, showing how advances in math and science have changed how the smart player plays. For each chapter, the game is broken down and a flaw, if there is one, is exposed. Then the author goes through the history of how that flaw was exploited or the challenges overcome. This process starts with a scientific discovery or idea, describes it's context for discovery, th [...]

    5. The harder you work, the luckier you get.Very hard to distinguish luck / skill in the short term because good decision can have bad result and vice versa. Leads to attribution bias of luck vs. skillThe goal of any model is to abstract enough factors to be viable but not too many as to be impossible to implement. There is a balance between defensibility and exploitability. The most exploitative models are more exploitable, the less exploitable models are less exploitative.

    6. Light and fluffy with plenty of anecdotes, a decent enough summary of the landscape, lots of namechecks but precious little detail. I left craving an equation or two!

    7. Not much to say on this one. It's probably more of a 2.5 stars type deal but I've went with 3 since that isn't an option. None of the material covered in this book is going to be novel to anyone with more than a passing interest in gambling, however the author can be pretty engaging at times and the anecdotes are interesting enough.

    8. Just as physics was the driver for generating calculus, gambling was (and still is) the driver for the math of statistics. This book went into vast detail about gambling in Las Vegas, etc. and how many people have studied this intensely toward cracking a code. And maybe gaining a fortune as a result. I am not into gambling at all, so I did not really get much out of the intricate details of the games. But did get an understanding of the workings of Markov chains, also learned much about the appl [...]

    9. Comincio la recensione parlando della traduttrice di questo libro, Valeria Lucia Gili. Ogni tanto, mentre leggevo, trovavo qualcosa che non mi tornava: c'era però una nota, nella quale lei spiegava la sua scelta; ed effettivamente aveva il suo senso. È stato davvero bello vedere tutta questa passione. E il libro, com'è? Molto, molto bello. Kucharski spiega bene qual è la differenza tra la teoria e la pratica; se volete vedere la cosa in un altro modo, i bei risultati matematici sul calcolo d [...]

    10. Nice history of how people have used science and math to beat games which ends with where we are today with machine learning.

    11. The Perfect BetAdam Kucharski Author Mathematics Professor Readable Average Person Outstanding Book!My Favorite is Lotto Roll Down Into Lower Win Tiiers By MIT "Brains" Beat A Lottery! MIT History Blackjack Team Into MIT Beats Lottery Due EV $2.00Was $2.30 A Ticket! 75% Ticket Sales Winners Were "Group Team Pool" & Per Ma. State Lottery Commission 100% Legal! Robots Software Beats Chess Game!Software Programs For Stock Market Trades!Complex Of No Limit Texas Hold'em Is Higher Than Chess!Math [...]

    12. A great popular-science overview of the recent betting and rational gambling advances. The particular stories were written in a very concise and understandable way. However, I could use some more maths and equations. Very importantly, the author did not try to force his attitude on you (as is the case in Automate This) and let the science and other protagonists talk.The last chapter was unnecessary as it did not bring any new information and also did not make sufficient connections between the e [...]

    13. good history and analysis of methods used to crack the code on blackjack, checkers, chess, poker, sports wagering, etc. doesn't reveal simple solutions that will make you rich but does convey well the enormous effort involved and "big data" analytics behind efforts to develop artificial intelligence that can learn from experience and supersede human experts in complex games. interesting tour also of some of the subcultures associated with these efforts.

    14. It is every time a pleasure to see how math and logical reasoning can be applied in every day life. The world of betting is today based on solid grounds and the challenges are still open. Nice to see how the human behaviour plays an important role too, and how scientific world is approaching that. Cool is the historical overview!

    15. Pretty light fare, even for pop-sci. 220 pages, big font, blank pages between chapters—I, too, have had a hard time hitting page count quotas. But the content is good! Nice overview of computer-enhanced gambling, from Thorpe through the online poker bots.

    16. This was interesting. it touched the surface of a few different methods and games, but I was left wanting about the math and history of each. I wish there was more depth.

    17. More science and math than anecdotes. Interesting but not as much of a page turner as other books on the subject.

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