Author Description

Have you ever wondered how to calculate your odds and expected return on various gambles, or how to manage your bankroll and avoid gambler's ruin? This book will use simple mathematics and evidence-based research to answer these questions and many others you have not yet considered. So if you want to understand wagers and how to profit from them, or reduce your gambling losses, or learn about bankroll management, then this book is essential reading. "Understanding a Wager sets out the basic mathematical guidelines that will enable players to determine their long-term chances of winning, and to reduce, as much as possible, their losses... In doing so, it examines issues such as probability theory, randomness and bankroll management, as well as differentiating 'good' bets from 'bad' bets on the basis of fairly simple mathematical formulae... Tadros has done an excellent job of making mathematical and statistical information very accessible to the ordinary reader." -Lynk Manuscript Assessment Service