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|Description:||xi, 271 pages : illustrations ; 24 cm|
|Contents:||Introduction HISTORICAL BACKGROUND MATHEMATICAL BACKGROUND WHAT DOES IT MEAN TO BE RANDOM? Fundamental Ideas DEFINITIONS AXIOMS OF PROBABILITY ELEMENTARY COUNTING ARGUMENTS ADVANCED COUNTING ARGUMENTS ODDS Compound Events THE ADDITION RULES THE MULTIPLICATION RULES AND CONDITIONAL PROBABILITY Probability Distributions and Expectation RANDOM VARIABLES EXPECTED VALUE THE BINOMIAL DISTRIBUTION Modified Casino Games ROULETTE DICE GAMES CARD GAMES CASINO PROMOTIONS Blackjack: The Mathematical Exception RULES OF BLACKJACK THE MATHEMATICS OF BLACKJACK BASIC STRATEGY CARD COUNTING Betting Strategies: Why They Don't Work ROULETTE STRATEGIES CRAPS STRATEGIES SLOT MACHINE STRATEGIES BLACKJACK STRATEGIES AND ONE THAT DOES: LOTTERY STRATEGIES HOW TO DOUBLE YOUR MONEY Appendix A: House Advantages Appendix B: Mathematical Induction Appendix C: Internet Resources Answers to Odd-Numbered Exercises Bibliography Index Exercises appear at the end of each chapter.|
|Responsibility:||Mark Bollman, Albion College, Albion, Michigan, USA.|
"This book grew out of several years teaching about gambling in a variety of contexts at Albion College beginning in 2002. For several years, I taught a first-year seminar called "Chance", which I came to describe as "probability and statistics for the educated citizen" as distinguished from a formula-heavy approach to elementary statistics. I also focused more on probability than statistics in Chance. Part of probability is gambling, of course, and so over the years, the course evolved to include more casino examples in class, whether by simulation or actual in-class game play. The course included a field trip to the Soaring Eagle Casino in Mount Pleasant, Michigan, late in the semester after all of the students had turned 18. This provided the students with a fine opportunity to combine theory with practice and see for themselves how the laws of probability worked, in a way that no classroom activity could mimic. Later on, I expanded the gambling material into a course called Great Issues In Humanities: Perspectives on Gambling, in Albion's Honors Program. The course combined mathematics from Chance (for mathematics, in the words of one of my colleagues, is the first of the humanities) with other readings from literature, philosophy, and history to provide a well-rounded view of a subject that is not becoming less important in America. Throughout my years teaching about gambling, I struggled to find a good probability textbook that covered the topics germane to my course without a lot of material that was not related to gambling"--
"Basic Gambling Mathematics: The Numbers Behind the Neon focuses on applying introductory probability theory to a plethora of well-known card games, dice games, casino games, and lottery games, as