Calculated Bets Computers, Gambling, and Mathematical Modeling to Win by Steven Skiena Cambridge University Press, , pgs., with notes and index. Calculated Bets has 74 ratings and 0 reviews. Calculated Bets describes a gambling system that works. Steven Skiena, a jai-alai enthusiast and computer s.. . Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win by Steven Skiena. Article in The Mathematical Gazette 86() · November .
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Jamie rated it it was amazing Jan 03, The early chapters of the book cover the history and the rules of jai alai.
A university guy looks at mathematically modelling a local sporting event to see if he can beat the odds. Weather prediction and market prediction deal with complex systems which cannot be completely quantified. Calculated Bets assumes very little background in mathematics, computer science or jai alai. After covering the basics of jai alai so that the reader can understand the jai alai model, Calculated Bets introduces the basics of modeling, including Behs Carlo simulation, curve fitting and the problems of model testing, including over-fitting.
His descriptions of these outings and the small bets he and his brothers made using Pepe’s Green Card a jai alai tip sheet, sold at the fronton are amusing and charming. Thanks for telling us about the problem.
If I had read Calculated Bets I would have had some idea of how predictive models can be built and tested. There are no discussion topics on callculated book yet.
Calculated Bets by Steven Skiena
Jai alai betting is pari-mutuel which Prof. The company was founded to build predictive financial models that would drive trading in skienx markets e. John BarrowRonald Graham. With humor and enthusiasm, Skiena explains computer predictions used in business, sports, and politics, and the difference between correlation and causation. The book does not tell you how you can write a program to bet Jai Alai.
Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win
Want to Read Currently Reading Read. Calculated Bets is a charming book and it provides a good introduction to model building.
Trivia About Calculated Bets: He is co-founder and Chief Scientist at General Sentiment www. Derek Ladd rated it it was amazing May 18, For the computer scientist interested in modeling building the lack of technical detail can be frustrating.
Ataltane rated it it was amazing Sep 11, Cambridge University Press Amazon.
Finance journal calcultaed can provide a starting point. Goodreads helps you keep track of books you want to read. Contents The Making of A Gambler. Siiena will the Standard and Poor index of the stock market close a year from now?
It only tells his story that he was able to program a method to bet Jai Alai. His research interests include the design of graph, string, and geometric algorithms, and their applications particularly to biology.
Skiena’s family vacationed in Florida, where there are jai alai frontons the arenas where jai alai is played. Tony Tsang rated it it was ok Mar 06, Skiena Limited preview – How Should You Bet?
Robert Beveridge rated it really liked it Jan 16, With humor and enthusiasm, Skiena explains computer predictions used in business, sports, and politics, and the difference between correlation and causation. In writing for a general readership, many of the details of model building are glossed over.
He discovers some ineffiencies because of the structure of the game of jai-alai.