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Wayne,
one book that comes to mind would be "The Theory of Gambling and Statistical
Logic", by Richard Epstein. Excellent and very readable tome.
The author analyzes Craps probabilities and strategies on pp. 145-150 of
that book, and then draws this conclusion: "Despite the great popularity of
Craps, its participants are offered no significant strategy other than
selection of the wager with the least unfavorable odds. Because of its rapid
pace, however, the game has attracted a plethora of 'systems'... Like the
Roulette ball, the dice possess 'neither conscience nor memory' and are
democratic to a fault."
Best regards,
Michael Suesserott
> -----Ursprüngliche Nachricht-----
> Von: Hummm mmmm [mailto:elatedone@xxxxxxxxxxx]
> Gesendet: Thursday, September 13, 2001 22:21
> An: omega-list@xxxxxxxxxx
> Betreff: Off topic -Gaming Theory
>
>
> With all the due somber thoughts...I thought a change might be
> welcome. I
> was wondering if someone might be able to help me with a referal
> to a book
> on Gaming theory. I am about to do a big Vegas trip with a bunch
> of college
> buddies who are big craps guys. AS much as my position sizing
> knowledge from
> trading is more from analysis/optimization etc etc. I have the Van Tharp
> book..... I got to think there are more formal books. ANY
> referals would be
> super welcome.
> Thanks in advance.
> Wayne
>
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