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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With humor and enthusiasm, Skiena explains computer predictions used in business, sports, and politics, and the difference between correlation and causation. Cameron Kirkland rated it liked it Jun 01, However, in the end, predictor calcu,ated is experimental.

From reading his books he seems like a wonderful teacher and I wish I had a professor like him when I attended college. There are no discussion topics on this book yet. In the early chapters of Calculated Bets we learn that. Jai alai is a sport of Basque origin in which opposing players or teams alternate hurling a ball against the wall and catching it until one of them finally misses and loses the point.

Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win

Skiena points out in a brief digression on the book The Bible Codeover-fitting a data set can lead to erroneous conclusions. The “interesting mathematical modeling problem”, which is recounted in Calculated Betsis stdven construction of a predictive computer model for the game of jai alai.


A university guy looks at mathematically modelling a local sporting event to see if he can beat the odds. The idea of predicting the future has a magical aura.

You have to teach your classes, and you have to do your committee work, but otherwise what you do with your time is pretty much up to you.

Skiena Limited preview – Open Preview See a Problem? Reidar rated it liked it Oct 28, Robert Beveridge rated it really liked it Jan 16, 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.

Derek Ladd rated it it was amazing May 18, I’ve listed a few references below on modeling financial time series and market data.

Calculated Bets by Steven Skiena

His research interests include discrete mathematics and its applications, particularly the design of graph, string, and geometric algorithms. We know that so many unexpected events may aclculated place that this kind of long term prediction is difficult or impossible.

Sean rated it really liked it Dec 09, Skiena No preview available – It only tells his story that he was able to program a method to bet Calculatsd Alai. He discovers some ineffiencies because of the structure of the game of jai-alai. Reprint and Micropublication Seri Outlooks Series.

Preview — Calculated Bets by Steven S. Goodreads helps you keep track of books you want to read. In writing for a general readership, many of the details of model building are glossed over. His research interests include xteven design of graph, string, and geometric algorithms, and their applications particularly to biology.


The Making of A Gambler.

But we predict minor short term events all the time. So while Calculated Bets provides an decent starting point, there is no defined path that I know of for those who want to implement predictive models.

Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win by Steven S. Skiena

To see what your friends thought of this book, please sign up. Prediction Company was founded by two physicists who did some early work on chaos theory. For the computer scientist interested in modeling building the lack of technical detail can be frustrating.

The Predictors was skeina reviewed by the staff of Ebts Company to make sure that very little useful information was provided on the techniques Prediction Company used to build models.

Like horse racing, Jai alai is a game that the spectators and those “off track” sikena bet on via the telephone. Cambridge University PressAug 6, – Computers – pages.