The Mathematics of Poker

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paperback Based on quantitative techniques and game theory. 382 pages. Softcover. Condition: very good. ISBN 1886070253.

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Pittsburgh, PA. 2006 Soft Cover 3rd Printing As New 8vo-7?"-9?" tall, Trade paperback. 382 pages. Applying the tools of computer science and mathematics to poker and sharing the ... information across the Internet, these players have challenged many of the assumptions that underlie traditional approaches to the game. Read more Show Less

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Overview

Thirty years ago the bond and option markets were dominated by traders who had learned their craft by experience. By the mid-1990s the old school grizzled traders had been replaced by a new breed of quantitative analysts, applying mathematics to the "art" of trading and making of it a science. A similar phenomenon is happening in poker. The grizzled "road gamblers" are being replaced by a new generation of players who have challenged many of die assumptions that underlie traditional approaches to the game. One of the most important features of this new approach is a reliance on quantitative analysis and the application of mathematics to the game. This book provides an introduction to quantitative techniques as applied to
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Overview

Thirty years ago the bond and option markets were dominated by traders who had learned their craft by experience. By the mid-1990s the old school grizzled traders had been replaced by a new breed of quantitative analysts, applying mathematics to the "art" of trading and making of it a science. A similar phenomenon is happening in poker. The grizzled "road gamblers" are being replaced by a new generation of players who have challenged many of die assumptions that underlie traditional approaches to the game. One of the most important features of this new approach is a reliance on quantitative analysis and the application of mathematics to the game. This book provides an introduction to quantitative techniques as applied to poker and to a branch of mathematics that is particularly applicable to poker, game theory, in a manner that makes seemingly difficult topics accessible to players without a strong mathematical background.

Product Details

  • ISBN-13: 9781886070257
  • Publisher: ConJelCo, LLC
  • Publication date: 11/30/2006
  • Edition description: 1ST
  • Pages: 382
  • Sales rank: 371,291
  • Product dimensions: 6.10 (w) x 9.10 (h) x 0.90 (d)

Table of Contents


Acknowledgments     vii
Foreword     ix
Introduction     1
Basics
Decisions Under Risk: Probability and Expectation     13
Predicting the Future: Variance and Sample Outcomes     22
Using All the Information: Estimating Parameters and Bayes' Theorem     32
Exploitive Play
Playing the Odds: Pot Odds and Implied Odds     47
Scientific Tarot: Reading Hands and Strategies     59
The Tells are in die Data: Topics in Online Poker     70
Playing Accurately, Part I: Cards Exposed Situations     74
Playing Accurately, Part II: Hand vs. Distribution     85
Adaptive Play: Distribution vs. Distribution     94
Optimal Play
Facing The Nemesis: Game Theory     101
One Side of the Street: Half-Street Games     111
Headsup With High Blinds: The Jam-or-Fold Game     123
Poker Made Simple: The AKQGame     140
You Don't Have To Guess: No-Limit Bet Sizing     148
Player X Strikes Back: Full-Street Games     158
Appendix to Chapter 15 The No-Limit AKQ Game     171
Small Bets, Big Pots: No-Fold [0,1] Games     178
Appendix to Chapter 16 Solving the Difference Equations     195
Mixing in Bluffs: Finite Pot [0,1] Games     198
Lessons and Values: The [0,1] Game Redux     216
The Road to Poker: Static Multi-Street Games     234
Drawing Out: Non-Static Multi-Street Games     249
A Case Study: Using Game Theory     265
Risk
Staying in Action: Risk of Ruin     281
Adding Uncertainty: Risk of Ruin with Uncertain Win Rates     295
Growing Bankrolls: The Kelly Criterion and Rational Game Selection     304
Poker Finance: Portfolio Theory and Backing Agreements     310
Other Topics
Doubling Up: Tournaments, Part I     321
Chips Aren't Cash: Tournaments, Part II     333
Poker's Still Poker: Tournaments, Part III     347
Three's a Crowd: Multiplayer Games     359
Putting It All Together: Using Math to Improve Play     370
Recommended Reading     376
About the Authors     381
About the Publisher     382

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