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Monte Carlo or Bust
Simple Simulations for Aspiring Sports Bettors
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Format: Paperback / softback
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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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Book Hero Magic formatted this description to make it easier to read. While it's new and
still learning, it may not be perfect - your
feedback is welcome!
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
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.
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