People have been gambling, in one form or another, for as long as history itself. Why? Money, entertainment, escape and a desire to win are all traditional explanations. Arguably, however, these are secondary considerations to a higher order purpose: a craving for control. Gambling offers a means of gaining authority over the unknown, granting us a sense of control over uncertainty. Almost always that sense is illusory — gambling, including betting and investing, is essentially random — yet for many it is nonetheless profoundly rewarding. This book attempts to explore the reasons why.
Along the way, it examines:
— The science of probability and uncertainty
— Why gambling is often condemned
— The difference between expectation and utility
— The irrationality of human beings
— Evolutionary perspectives on gambling
— Luck and skill
— Market efficiency and the wisdom of crowds
— Why winners take all
— Cheating
— Why the process matters more than the outcome
Along the way, it examines:
— The science of probability and uncertainty
— Why gambling is often condemned
— The difference between expectation and utility
— The irrationality of human beings
— Evolutionary perspectives on gambling
— Luck and skill
— Market efficiency and the wisdom of crowds
— Why winners take all
— Cheating
— Why the process matters more than the outcome
Об авторе
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.
язык английский ● Формат EPUB ● страницы 352 ● ISBN 9781843448594 ● Размер файла 3.7 MB ● издатель High Stakes Publishing ● город London ● Страна GB ● опубликованный 2016 ● Загружаемые 24 месяцы ● валюта EUR ● Код товара 5586924 ● Защита от копирования Социальный DRM