Calculated Bets describes a gambling system that works. Skiena demonstrates how his jai-alai system functions like a stock trading system, and includes Calculated Bets describes a gambling system that works. Skiena demonstrates how his jai-alai system functions like a stock trading system, and includes examples of how gambling and mathematics interact in program trading systems, how mathematical models are used in political polling, and what the future holds for Internet gambling. With humor and enthusiasm, Skiena explains computer predictions used in business, sports, and politics, and the difference between correlation and causation.
An unusual presentation of how mathematical models are designed, built, and validated, Calculated Bets also includes a list of modeling projects with online data sources. His research interests include discrete mathematics and its applications, particularly the design of graph, string, and geometric algorithms.
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It did not sound very exciting. While I have degrees in Computer Science and Business, the title sounded as if the book would be a dense technical treatise on the subject. It was not. I read it in one long day. Steve has written a lively book on Jai-Alai, mathematical modeling, probability, statistics, gambling and betting and makes it both interesting and instructive at the same time.
I enjoyed reading it and learned a lot at the same time. You have to be sad! But buy this book. A week or two ago I wandered into the Miami Jai-Alai fronton. I went looking for humanity in a world of computers, slots, lotteries and branded products. I found an alternative universe - seedy but dignified, dying but full of life and concealing an unexpected riddle.
The riddle of the Spectacular-Seven. Reading Steven's blandly, and perhaps deceptively, titled book I realized I was not alone in pondering this riddle. Steven's book is a heartening tale of the kind of obsession that can take hold of the over-educated in this age of desk-top computer power.
Abuse of tenure? Not at all. This is a beautiful exposition following every thread of an unlikely conundrum. Just my kind of entertainment. However, without visiting a fronton for yourself, you will never begin to understand the real alure of Jai-Alai.
The book's drive seems to be to reduce the atmosphere, drama and history of Jai-Alai to abstract numerals and dial-up modem scripts. A case of a university boffin applying his massive resources to strip the last fews dollars from the poor and dispossessed. No, I think not. The charm of Jai-Alai is the effortless and graceful way in which the denizens of the fronton cope with the bizarre complexities of the game.
The cheerful banter, the cat calls, the thrill of the game and the cuban coffee. And the rumors of undeclared injuries and new cescas. If Steven's book can inspire you to hang down at the fronton - wonderful, let ' s join a Jai-Alai rennaissance.
If math, stats and cash are your only interest you won't be disappointed, but you will be missing the point. See all reviews. Top reviews from other countries. Translate all reviews to English. I bought this book on recommendation from an associate who is trying to use it to make a software model for UK Horse Racing. Given that I use a home-brewed software model for myself which used advanced calculus techniques to process all the data points I thought that I would read this book to compare notes and to see if the author has something that we could employ.
Sadly not. The most interesting part of the book is the description of Jai Alai the Basque sport which is played on an overstretched squash court and with baskets on the players' arms to catch and fling the ball back. The description of that sport is brilliant and I learned something new.
However, the rest of the book is a disappointment. The author is supposed to be a professor in computer science in New York university. His opinions nay, rants on various topics concerning computer science don't belong in this book. We want to know how he got his data, how he processed it using what sort of mathematical processing techniques he used. All I seem to have worked out is that the professor of the computer science department is unable to write much in the way of code. His rambling diversions on Obfuscurated C competitions only serve to confuse those who haven't met this stuff before.
I, who have come across this before, just filed this all away as pointless diversions. What I found really dangerous with this book is that professor didn't seem to explain once the theory of probabilities; particularly addressing the very important topic of losing runs.
In one part of the book he described how he staked almost all of his betting bank on night's games. This is no way to run a gaming system. Clearly this man has no idea of how to survive and putting across ideas like this is nothing short of dangerous. In the end of the book he said that he hit a losing run as will any system statistically and then he turned off the machine. The author has written a hodge-podge of a book.
The bits which I am interested were glossed over. Bits which may or may not have been used in his model were introduced. For example, we read about neural networks in a couple of pages. Nowhere did he give the basic and elementary workings of a neural net.
Did he use one? We don't know? What about his mapping techiques for his data? Did he use those, if so how? How did he enumerate the values or ratings of the Jai Alai players to make his selections? This wasn't clear. The bit at the back of the book where he gives a very edited betting diary convinced me one thing; never to try to bet off-course in the USA at all. Thank goodness we in the UK are a little more switched on when it comes to on-line bookmakers and, above all, the book has totally convinced me not to bother to get a post-graduate degree at New York university.
This book isn't a good investment at all. From a punter's perspective, no useful information unless you want to bet on Jai alai, a market that wouldn't take serious action. Ignore the 'computers and mathematical modelling' bit of the strapline - the book is aimed at the layperson, there is nothing for the technician to learn.
Like another reviewer, I found the introduction to the sport of jai alai moderately interesting. Not reads yet but looks like what I anticipated. Report abuse. Der Autor ist Prof. Jai Alai Span. Gleichzeitig findet man aber eine Unzahl von interessanten Ideen. Man kann aus diesem Buch mehr lernen als von vielen gelehrten aber letztendlich blutleeren Abhandlungen. Wie kommt man zu Spieldaten, wie gibt man Wetten durch, wie findet man Bugs Wie ihn Gewinne des Programmes in eine euphorische Stimmung versetzen, Verluste verunsichern und zutiefst deprimieren.
Translate review to English. Customers who bought this item also bought. Statistical Sports Models in Excel. Andrew Mack. Paula E. Cathy O'Neil. Pages with related products. See and discover other items: math for computer science , mathematical association of america , mathematical games , mathematical modelling , computer simulations , 3d modeling.
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