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A university guy looks at mathematically modelling a local sporting event to see if he can beat the odds. He discovers some ineffiencies because of the structure of the game of jai-alai. It is very His research interests include the design of graph, string, and geometric algorithms, and their applications particularly to biology. He is co-founder and Chief Scientist at General Sentiment www. Skiena received his PhD in Computer Science from the University of Illinois in , and is the author of over technical papers.
Steven S. Calculated Bets describes a gambling system that works. 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, Calculated Bets also includes a list of modeling projects with online data sources. His research interests include discrete mathematics and its applications, particularly the design of graph, string, and geometric algorithms.
What is Jai Alai? Monte Carlo on the Tundra. The Impact of the Internet. Is This Bum Any Good? Modeling the Payoffs. Engineering the System. How Should You Bet? Projects to Ponder. For Further Reading. The Making of A Gambler. John Barrow , Ronald Graham. Diaconis , Don Zagier.
Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win
Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? This is a book about a gambling system that works. His results can work for anyone: at the end of the book he tells the best way to watch jai-alai, and how to bet on it.
Calculated Bets : Computers, Gambling, and Mathematical Modeling to Win
Prediction Company was founded by two physicists who did some early work on chaos theory. The company was founded to build predictive financial models that would drive trading in various markets e. After reading The Predictors I was was fascinated by the idea that market models could be used to predict stock prices, at least to a degree better than chance. The Predictors was carefully reviewed by the staff of Prediction Company to make sure that very little useful information was provided on the techniques Prediction Company used to build models.