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Monte Carlo or Bust

Joseph Buchdahl
€38.99
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In stock with our UK publisher. 14-28 days
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20-50
A01=Joseph Buchdahl
Age Group_Uncategorized
Age Group_Uncategorized
Author_Joseph Buchdahl
automatic-update
betting
betting odds
casino
Category1=Non-Fiction
Category=KNSP
Category=QDX
Category=WDP
chance
compulsive behaviour
COP=United Kingdom
Delivery_Pre-order
eq_isMigrated=2
eq_nobargain
fixed odds
gambling
highstakes publishing
Language_English
law of averages
luck
mathematics
monte carlo
monte carlo fallacy
monte carlo simulation
PA=Temporarily unavailable
philosophy
Price_€20 to €50
probability
profitability
PS=Active
psychology
roulette wheel
self help
softlaunch
sports betting
squares and sharps
statistical forecasting
uncertainty
variance

Product details

  • ISBN 9780857304858
  • Dimensions: 153 x 234mm
  • Publication Date: 02 Dec 2021
  • Publisher: Oldcastle Books Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
  • Language: English
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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 26th 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.

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.
About Joseph Buchdahl
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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