The doctrine of chances : probabilistic aspects of gambling
Three centuries ago Montmort and De Moivre published two of the first books on probability theory, then called the doctrine of chances, emphasizing its most important application at that time, games of chance. This volume, on the probabilistic aspects of gambling, is a modern version of those classics. While covering the classical material such as house advantage and gambler's ruin, it also takes up such 20th-century topics as martingales, Markov chains, game theory, bold play, and optimal proportional play. In addition there is extensive coverage of specific casino games such as roulette, craps, video poker, baccarat, and twenty-one. The volume addresses researchers and graduate students in probability theory, stochastic processes, game theory, operations research, statistics but it is also accessible to undergraduate students, who have had a course in probability
1 online resource (xiv, 816 pages) : illustrations
9783540787839, 3540787836
625497934
Theory
Review of Probability
Conditional Expectation
Martingales
Markov Chains
Game Theory
House Advantage
Gambler's Ruin
Betting Systems
Bold Play
Optimal Proportional Play
Card Theory
Applications
Slot Machines
Roulette
Keno
Craps
House-Banked Poker
Video Poker
Faro
Baccarat
Trente et Quarante
Twenty-One
Poker
English