Gambling theory & other topics
by Mason Malmuth
Category: Games & Activities

Absolutely must reading for all serious gamblers. Most people who gamble are basically attracted by the action and the excitement that this form of entertainment offers. But a small number of people are quite successful at it. How is this so? What helps these few to make decisions that devastate their opponents? And what do you need to do to become successful at this extremely challenging occupation? This text attempts to answer these questions. You will be introduced to the dynamic concept of non-self-weighting strategies and shown how these strategies apply not only at the "very exciting gaming tables" but in real life as well. In addition, risk and fluctuations are discussed in terms of the standard deviation and their relationship to each other and to your bankroll. Some of the other topics addressed are bankroll requirements, win-rate accuracy, free bets, which blackjack count is best, lottery fallacies, dangerous ideas, poker tournament strategies (including when it is correct to rebuy), settling up in tournaments, pai gow poker, super pan nine, the world's greatest gamblers, and building pyramids.