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The Mathematics of Gambling

By Rod Carvalho

Ed Thorp - the father of card-counting

[ Ed Thorp - the pioneer of scientific betting ]

Here’s an interesting book: The Mathematics of Gambling (free download), written by the legendary mathematician and hedge fund manager Ed Thorp. The book is about mathematical systems and optimal betting, and encompasses various games, such as blackjack, baccarat, roulette, the wheel of fortune, horse racing and backgammon.

The book’s layout is kind of ugly, but the content is well worth reading.

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This entry was posted on March 3, 2008 at 5:53 pm and is filed under Games, Probability and Statistics, Recreational Math. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “The Mathematics of Gambling”

  1. Vishal Says:
    March 3, 2008 at 7:31 pm | Reply

    Hey, thanks for the link to that online book! :)

  2. Yaroslav Bulatov Says:
    March 3, 2008 at 8:36 pm | Reply

    Curiously enough, finding the rate of mixing for “Thorp shuffle” has been called “longest-standing open card shuffling problem”

  3. rod. Says:
    March 3, 2008 at 9:18 pm | Reply

    @ Yaroslav

    Thanks for the URL. Very interesting stuff! I will read it carefully when I have the time (I am now packing and getting ready for a trip).

  4. The Mathematics of Gambling | Midas Oracle .ORG Says:
    March 9, 2008 at 1:42 am | Reply

    [...] cross-posted from Reasonable Deviations ] Read the previous blog posts by Rod Carvalho:Structure and Behavior of Commodities [...]

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