Monte Carlo or Bust: Simple Simulations for Aspiring Sports Bettors

Paperback / softback

Main Details

Title Monte Carlo or Bust: Simple Simulations for Aspiring Sports Bettors
Authors and Contributors      By (author) Joseph Buchdahl
Physical Properties
Format:Paperback / softback
Pages:368
Dimensions(mm): Height 234,Width 153
Category/GenreSport and leisure industries
Gambling - theories and methods
ISBN/Barcode 9780857304858
ClassificationsDewey:795.01518282
Audience
General

Publishing Details

Publisher Oldcastle Books Ltd
Imprint High Stakes Publishing
Publication Date 2 December 2021
Publication Country United Kingdom

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.

Author Biography

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.

Reviews

A comprehensive guide for how to make randomness work for you, rather than against you... This is ground-breaking work * Pinnacle *