The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling Audiobook (Free)

Combining ideas from mathematics, psychology, economics and physics, The Perfect Wager traces the origins of successful gambling methods. From the simple to the intricate, as well as the audacious towards the absurd, Adam Kucharski reveals the very long and tangled background between gambling and technology, and explains why gambling proceeds to create insights into good fortune and decision-making today. Covering exploits and suggestions from across the globe, he meets the groups behind hedge funds that capitalize on inaccurate sports betting chances, and clarifies how PhD-level pundits are using methods originally created for the U. S. nuclear system to predict sports activities results. Kucharski reveals why earning at chess depends on luck-but success in checkers will not-and why poker is among the ultimate challenges for artificial intelligence. He also explores the down sides of mimicking individual behavior, and explains what triggered one hedge fund’s rogue algorithm to reduce them $400,000 per second in the summer of 2012.