The Perfect Bet, Adam Kucharski
The Perfect Bet, Adam Kucharski
List: $24.99 | Sale: $17.50
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The Perfect Bet
How Science and Math Are Taking the Luck Out of Gambling

Author: Adam Kucharski

Narrator: Jonathan Yen

Unabridged: 8 hr 34 min

Format: Digital Audiobook Download

Published: 02/23/2016


Synopsis

Bringing together ideas from mathematics, psychology, economics and physics, The Perfect Bet traces the origins of successful betting methods. From the simple to the intricate, and the audacious to the absurd, Adam Kucharski reveals the long and tangled history between betting and science, and explains why gambling continues to generate insights into luck and decision-making today. Covering exploits and ideas from across the globe, he meets the teams behind hedge funds that capitalize on inaccurate sports betting odds, and explains how PhD-level pundits are using methods originally developed for the U. S. nuclear program to predict sports results. Kucharski reveals why winning at chess depends on luck—but victory in checkers does not—and why poker is one of the ultimate challenges for artificial intelligence. He also explores the difficulties of mimicking human behavior, and explains what caused one hedge fund’s rogue algorithm to lose them $400,000 per second in the summer of 2012.

Reviews

Goodreads review by Monika

Nie myślałam, że ta książka tak mi się spodoba, a jednak. Autor pokazuje piękno matematyki - w jak wielu dziedzinach życia jest ona obecna i jak doskonale potrafi opisać różne mechanizmy i wydarzenia dziejące się naokoło nas. I to tylko na podstawie gier hazardowych. Książka omawia syndykaty, które......more

Goodreads review by Odo

4.5/5.0......more

Goodreads review by Nick

Well researched, readable, and interesting.. this was a very decent introduction to the subject, touching on casino gambling, the stock exchange, the lottery, game theory and the impact of AI and high-level computing. It was however a little underwhelming as far as I was concerned, which I acknowled......more

Goodreads review by Ardon

To me, making a bet and making a trade are almost equivalent actions. In both situations, you are acting without all the available information but are using various tools in order to develop an edge and identify good arbitrage opportunities (e.g. finding a value stock or a good time to bluff in poke......more