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The Theory of Gambling and Statistical Logic, Second Edition Hardcover – October 5, 2009

ISBN-13: 978-0123749406 ISBN-10: 0123749409 Edition: 2nd

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Product Details

  • Hardcover: 450 pages
  • Publisher: Academic Press; 2 edition (October 5, 2009)
  • Language: English
  • ISBN-10: 0123749409
  • ISBN-13: 978-0123749406
  • Product Dimensions: 9.1 x 6.1 x 1.1 inches
  • Shipping Weight: 1.6 pounds
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #1,782,963 in Books (See Top 100 in Books)

Editorial Reviews

Review

REVIEW OF THE FIRST EDITION: "This classic book should be part of the library of everyone who wants to better understand games and gambling. The treatment is unique, original, and intriguing." - EDWARD O. THORPE, Author, Beat the Dealer

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Customer Reviews

4.2 out of 5 stars
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Most Helpful Customer Reviews

17 of 18 people found the following review helpful By Math Guy on December 11, 2009
Format: Hardcover
Many readers will find this book to be an entertaining and useful
presentation of gambling ideas and lore. However, there are some errors in the "Basic Theorems" beginning on page 51. In particular,
Theorem V on page 60 is not correct. The "maximum boldness" strategy is need not be optimal in a subfair game when there is a bound on the
size of bets. Likewise "minimum boldness", also known as "timid
play" need not be optimal when there is a house minimum. (For
counterexamples, see the article by Heath, Pruitt, and Sudderth
in The Proceedings of the American Math. Soc. vol 43, pp. 498-507,
April 1972 and the article by Ruth in the Journal of Applied Probability, vol 36, pp. 837-851, September 1999.
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9 of 9 people found the following review helpful By Tim Clouse on October 12, 2012
Format: Hardcover Verified Purchase
A nice update of The Theory of Gambling and Statistical Logic, Revised Edition, but some topics were dropped and others added. As noted by other reviewers, it has typos. My copy has an errata list glued inside the cover, but it does not cover all the mistakes. For example the binomial distribution formula on page 19 (equation 2-11) should have q^(n-r), NOT q^(n-1). If you are going to use the formulas, verify them elsewhere first.
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4 of 6 people found the following review helpful By Gary J. Nakauchi on June 16, 2011
Format: Hardcover Verified Purchase
I was a finance major and loved the way the theories were explained in a way which read easily, and less like a dictionary reads. I used it to supplement a day trading model, which, is another story for another time.

Gary Nakauchi
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2 of 5 people found the following review helpful By Rastko Vukovic on March 1, 2012
Format: Hardcover Verified Purchase
Richard A. Epstein's book The Theory of Gambling and Statistical Logic is useful and inspiring work for any mathematician who study history and consequences of gambling.
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2 of 5 people found the following review helpful By N. Hang on July 12, 2013
Format: Hardcover Verified Purchase
The editor write in a short sentence, easy to understand, and good looking of the book, it is useful for all professional gambler.
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