Re: any successful stories of gambling using those math/stat theorems?

From: R. Martin (russell.martin_at_wdn.com)
Date: 12/26/04 

Date: Sun, 26 Dec 2004 21:26:40 GMT

kiki wrote:
>
> Hi all,
>
> I recently learned a lot about gambler's ruin, random walks, and gambling
> problems... I am wondering if these maths are really useful in Las Vegas and
> casinos... Can anybody telll some successful stories of gambling using
> math/stat as tools? I really need some motivation of learning deeper
> maths/stat about these gambling theories...
>
> thanks a lot!

In the book _Fractals, Chaos, Power Laws: Minutes from an Infinite
Paradise_ by Manfred Robert Schroeder, the author mentions a system
for beating roulette based on probability, the laws of motion, and
a small, special purpose computer. IMO the book is a very good read
for that story and many other interesting topics it presents.

Cheers,
Russell 

-- 
All too often the study of data requires care.

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