In real life, how do casinos treat math casinos bets geniuses? | Gambling 24

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7 Responses to “In real life, how do casinos treat math casinos bets geniuses? | Gambling 24”

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    The heavenly mystic Pascal unintentionally became the patron saint of gambling. The textbooks of the calculus of probability gratuitously propagandize for the gambling casinos precisely because they are sealed books to the layman. ….. The relation 3:1 is the outcome of the interplay of two factors: the opinion that Roosevelt will be elected and the man’s propensity for betting. Statement (b) is an evaluation of the outcome of the impending event. …

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    But math is used pretty much everywhere in finance, and it always has been. Patterson: – Treats the computation of a price-to-book ratio (P/B) as ?value investing? but taking the difference in two interest rates (X minus Y) as a ?quant …. But real geniuses (like Mandelbrot) open the door to entirely new theory; quants program those ideas into their computers. There is a big difference, and the book’s overall hypothesis is a lot less surprising if you understand that. …