Gasinos vs Mathematicians: Science of Gambling
Everyone wants easy money, Gambling is a hope that has existed for centuries. Buying a home, a hotel, a car with working may be a little bit hard way, you have to struggle in work life, and get credit, having balanced paying history, bla, bla… But, Just like story in the movie of ‘21’, mathematic can be used to win in gambling.
Gambling Mathematics can be critized as a sub-topic of probability. Father of this science is Edward O. Throp. He was a professor of Mathematics in M.I.T. Mr. Throp was aware of probability of winning in gambling, especially in Blackjack. Of course, this awareness was resulted with a book, ‘Beat The Dealer’. This science was used some intellligent guy in M.I.T in 1990’s, This team was founded by Bill Kaplan(I think, the coolest usage of intelligence is owned by this man), team is called as ‘M.I.T. Blackjack Team’. They could bet the house(Gasino is called ‘The House’ by gamblers.)
I can show you a scene from a note, I was shocked when I saw these two term together logarithm and blackjack. Yes, they can use mathematic for gambling. Look at the picture above. It is amazing right, they can use formulas to solve game.
That’s a screenshot from an article; You can find full text via: http://www.eecs.harvard.edu/cs286r/courses/fall12/papers/Thorpe_KellyCriterion2007.pdf
Some of you can say how I use this for gambling, I think you need a shiny fast math intelligent and you have to keep calm to follow the game on the table, because, Money can trick you with a lot of amounts. Of course, Gasinos are aware of this science, they are advised from Mathemacians to guard The House. Two sides of game are ready to battle on the table, Let’s get in the game to bet ‘The House’.
Congratulations @ahenregsudkan! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
You made your First Vote
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
Congratulations @ahenregsudkan! You received a personal award!
Click here to view your Board
Congratulations @ahenregsudkan! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!