Monte Carlo or Bust

Name: Monte Carlo or Bust
Brand: Hachette Aotearoa New Zealand
SKU: 9780857304858
Price: 44.99 NZD
Availability: InStock

Simple Simulations for Aspiring Sports Bettors

By Joseph Buchdahl

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4.09

( 33 ratings, 1 reviews)

Summary

Monte Carlo or Bust by Joseph Buchdahl delves into the intersection of chance, probability, and decision-making, blending these concepts with elements from philosophy and psychology. The author examines how risk and uncertainty affect our lives, weaving in insights from gambling and statistics to explore both rational and irrational decision-making processes. This exploration aims to enhance understanding of human behaviour in the face of unpredictability.
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Format: Paperback / softback

$44⁹⁹

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Monte Carlo or Bust

$44⁹⁹

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you are fascinated by the intersection of chance, risk, and human behaviour. It offers intriguing insights into the philosophy of probability and decision-making psychology, perfect for those who appreciate a thoughtful look at how randomness influences our lives.

This book provides a detailed account for how aspiring sports bettors can use a Monte Carlo simulation to improve the quality, and hopefully profitability, of their betting, and in doing so unravels the mystery of probability and variance that lies at the heart of all gambling.

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Description

Almost everyone is familiar with Monte Carlo's association with gambling and its famous Casino. Many may also have come across the Monte Carlo fallacy, so called after the Casino's roulette wheel ball fell on black 26 times in a row, costing players, who believed that the law of averages made such streaks impossible, millions of dollars.

However, the Casino also lends its name to a tool of statistical forecasting, the Monte Carlo simulation, used to model the probability of uncertain outcomes that cannot be easily predicted from mathematical equations.

Monte Carlo or Bust by Joseph Buchdahl provides a detailed account for how aspiring sports bettors can use a Monte Carlo simulation to improve the quality, and hopefully profitability, of their betting. In doing so, it unravels the mystery of probability and variance that lies at the heart of all gambling.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Monte Carlo or Bust by Joseph Buchdahl is hailed as a groundbreaking work that serves as a comprehensive guide to leveraging randomness to one's advantage. It offers insightful perspectives that challenge conventional views and provides practical strategies for understanding and utilising randomness effectively.

Book Details

INFORMATION

ISBN: 9780857304858

Publisher: Oldcastle Books Ltd

Format: Paperback / softback

Date Published: 02 December 2021

Country: United Kingdom

Imprint: High Stakes Publishing

Audience: General / adult

DIMENSIONS

Width: 153.0mm

Height: 234.0mm

Weight: 250g

Pages: 368

Collections

Joseph Buchdahl Non-Fiction Philosophy & Psychology Philosophy & Stoicism

About the Author

For 20 years, Joseph Buchdahl has worked as a betting analyst, providing historical sports data and betting odds through his websites Football-Data.co.uk and Tennis-Data.co.uk. He is the author of Fixed Odds Sports Betting, How to Find a Black Cat in a Coal Cellar, Squares & Sharps, Suckers and Sharks and Monte Carlo or Bust published by High Stakes Publishing, and has been a regular contributor for the online sportsbook Pinnacle, with over 60 betting-related articles. He continues to tweet regularly via @12Xpert.