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Gambling Theory and Other Topics by Mason Malmuth is absolutely must reading for all serious gamblers. Most people who gamble are basically attracted by the action and the excitement that this form of entertainment offers. But there are a small number of people who are quite successful at it. How is this so? Why is it that these few can constantly make decisions that devastate their opponents? And what does one need to do to also become successful at this extremely challenging occupation? This text is an attempt to answer these questions. The reader will be introduced to the dynamic concept of non-self-weighting strategies and will be shown how these apply not only at the very exciting gaming tables but in real life as well. In addition, risk and fluctuations are discussed in terms of the statistical standard deviation, and it is explained how these relate to each other, as well as to your bankroll. Some of the other topics addressed are bankroll requirements, win-rate accuracy, free bets, which blackjack count is best, lottery fallacies, dangerous ideas, poker tournament strategies (including when it is correct to rebuy), settling up in tournaments, pai gow poker, super pan nine, the world's greatest gamblers, building pyramids, and much more.

by Mason Malmuth, 355 pages, English