25 of 27 people found the following review helpful
Excellent introduction for the layman,
This review is from: Taking Chances: Winning with Probability (Paperback)I've bought quite a few books on probabilitytheory and stats lately (you can check my other reviews to verify) and I consider this book to be one of the most valuable in my growing collection.
Gambling adepts who mostly don't have a clue about the real odds, or miscalculate odds, might find this book very enlightening (or depressing depending on your preassumptions who are most likely to get smashed after reading this book).
If you are a mathphobic, you'll find the explications clear without being simplistic, and the practical value is excellent.
Adding an appendix in which all the calculations or concepts are mathematically backed up is an excellent surplus. This way, you can adopt the formula's needed to many different questions which involve getting a clear objective view on chance in a wide range of fields.
The title however, might bring false hope to the desperate ones. If anything, the author prooves beyond reasonable doubt how low the odds are exactly you could actually win big in popular gambling games such as the lottery or casino games.
In other cases, like investment, or sports betting, applying the knowledge in this book could be profitable. But, as the name 'probabilitytheory' implies: probability does not equal certainty. However, if you decide to gamble, one can better maximise his chances, what this book will teach you.
If you, like me, thought math and stats were simply not your cup of tea, have no fear. You won't be banging your head against the wall struggling with complicated formula's of which you are trying to figure out the symbols used. The author understands very well the art of explaining the complex in an approachable way which will keep you interested.
If you are a layman and would only buy one book on probabilitytheory, but can not decide which one: I can promise you from what I have read myself so far:
this is surely a very good way to start.
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Initial post: 5 Aug 2008 00:08:22 BDT
D. Gibson says:
Disagree with your 'desperate ' comment and it is not an excellant introduction to the lauyman. I enjoy a bet and this book adds nothing to that but can add to the enjoyment of working out what to bet on. Part of gambling is the self satisfaction of proving to be right in your assessment rather than the monetary gain. This book is not basic and will be judged as complex to those not adept at mathematics. Before dismissing me I must point out, I am fairly well educated and I do find the book difficult to apply to everyday gambling.
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