Calculated Bets : Computers, Gambling, and Mathematical Modeling to Win, Paperback

Calculated Bets : Computers, Gambling, and Mathematical Modeling to Win Paperback

Part of the Outlooks series

3 out of 5 (1 rating)


This is a book about a gambling system that works. It tells the story of how the author used computer simulations and mathematical modeling techniques to predict the outcome of jai-alai matches and bet on them successfully - increasing his initial stake by over 500% in one year!

His results can work for anyone: at the end of the book he tells the best way to watch jai-alai, and how to bet on it.

With humour and enthusiasm, Skiena details a life-long fascination with computer predictions and sporting events.

Along the way, he discusses other gambling systems, both successful and unsuccessful, for such games as lotto, roulette, blackjack, and the stock market. Indeed, he shows how his jai-alai system functions just like a miniature stock trading system.

Do you want to learn about program trading systems, the future of Internet gambling, and the real reason brokerage houses don't offer mutual funds that invest at racetracks and frontons?

How mathematical models are used in political polling?

The difference between correlation and causation? If you are curious about gambling and mathematics, odds are this book is for you!


  • Format: Paperback
  • Pages: 252 pages, 35 b/w illus. 32 tables
  • Publisher: Cambridge University Press
  • Publication Date:
  • Category: Mathematical modelling
  • ISBN: 9780521009621



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A university guy looks at mathematically modelling a local sporting event to see if he can beat the odds. He discovers some ineffiencies because of the structure of the game of jai-alai. It is very small stakes betting, but he does come up with something that works.However, being parimutuel, with very small pools, if there were ever two people doing the same thing at the same time it wouldn't work for anyone.

Also by Professor Steven S. Skiena