| Title | : | Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win |
| Author | : | |
| Rating | : | |
| ISBN | : | 0521009626 |
| ISBN-10 | : | 9780521009621 |
| Language | : | English |
| Format Type | : | Paperback |
| Number of Pages | : | 252 |
| Publication | : | First published October 17, 1997 |
Calculated Bets describes a gambling system that works. Steven Skiena, a jai-alai enthusiast and computer scientist, documents how he used computer simulations and modeling techniques to predict the outcome of jai-alai matches and increased his initial stake by 544% in one year. Skiena demonstrates how his jai-alai system functions like a stock trading system, and includes examples of how gambling and mathematics interact in program trading systems, how mathematical models are used in political polling, and what the future holds for Internet gambling. With humor and enthusiasm, Skiena explains computer predictions used in business, sports, and politics, and the difference between correlation and causation. An unusual presentation of how mathematical models are designed, built, and validated,
