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Review
REVIEW OF THE FIRST EDITION: "This classic book should be part of the library of everyone who wants to better understand games and gambling. The treatment is unique, original, and intriguing." - EDWARD O. THORPE, AUTHOR OF BEAT THE DEALER
Review
"This special edition remains the comprehensive unified mathematical treatment for a wide range of games of chance and skill. It includes the counter-intuitive Parrondo's paradox: a winning strategy can result from switching between losing games. An entertainment for all who read it, a text for innovative university courses, and a reference for those concerned with probability and game theory." Edward O. Thorp, author of BEAT THE DEALER and BEAT THE MARKET --This text refers to an alternate Hardcover edition.
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Most Helpful Customer Reviews
1 of 4 people found the following review helpful
Format:Kindle Edition
The formatting of the Kindle edition of this book is extremely bad. The majority of the formulas are completely unreadable. It is unbelievable that the Kindle edition is sold with such a bad formatting.
I had just returned the item.
I had just returned the item.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
3 reviews
10 of 11 people found the following review helpful
Not completely reliable
11 Dec 2009
Format:Hardcover
Many readers will find this book to be an entertaining and useful
presentation of gambling ideas and lore. However, there are some errors in the "Basic Theorems" beginning on page 51. In particular,
Theorem V on page 60 is not correct. The "maximum boldness" strategy is need not be optimal in a subfair game when there is a bound on the
size of bets. Likewise "minimum boldness", also known as "timid
play" need not be optimal when there is a house minimum. (For
counterexamples, see the article by Heath, Pruitt, and Sudderth
in The Proceedings of the American Math. Soc. vol 43, pp. 498-507,
April 1972 and the article by Ruth in the Journal of Applied Probability, vol 36, pp. 837-851, September 1999.
presentation of gambling ideas and lore. However, there are some errors in the "Basic Theorems" beginning on page 51. In particular,
Theorem V on page 60 is not correct. The "maximum boldness" strategy is need not be optimal in a subfair game when there is a bound on the
size of bets. Likewise "minimum boldness", also known as "timid
play" need not be optimal when there is a house minimum. (For
counterexamples, see the article by Heath, Pruitt, and Sudderth
in The Proceedings of the American Math. Soc. vol 43, pp. 498-507,
April 1972 and the article by Ruth in the Journal of Applied Probability, vol 36, pp. 837-851, September 1999.
A useful and inspiring
1 Mar 2012
Format:Hardcover|Amazon Verified Purchase
Richard A. Epstein's book The Theory of Gambling and Statistical Logic is useful and inspiring work for any mathematician who study history and consequences of gambling.
Easy to Read, Well Written
17 Jun 2011
Format:Hardcover|Amazon Verified Purchase
I was a finance major and loved the way the theories were explained in a way which read easily, and less like a dictionary reads. I used it to supplement a day trading model, which, is another story for another time.
Gary Nakauchi
Gary Nakauchi
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