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The Mathematics of Poker

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Description

In the late 1970s and early 1980s, the bond an alternative markets were dominated by traders who had actually learned their craft by experience. They believed that there experience and intuition for trading were a renewable edge; this is, that they might earn money simply as they constantly had by continuing to trade as they always had. By the mid-1990s, a transformation in trading had happened; the traditional grizzled traders had been changed by a brand-new type of quantitative experts, using mathematics to the “art” of trading and making of it a science. Likewise in poker, for years, the greatest level of pokers have been controlled by players who have actually learned the game by playing it, “road gamblers” who have cultivated intuition for the game and are proficient at reading other players’ hands from wagering patterns and physical informs. Over the last 5 to 10 years, a whole new breed has actually risen to prominence within the poker community. Using the tools of computer technology and mathematics to poker and sharing the information throughout the Web, these players have challenged a lot of the presumptions that underlie standard methods to the video game. One of the most important features of this brand-new approach is a reliance on quantitative analysis and the application of mathematics to the video game. The intent of this book is to offer an introduction to quantitative methods as applied to poker and to a branch of mathematics that is particularly relevant to poker, game theory. There are mathematical strategies that can be requested poker that are challenging and complex. However most of the mathematics of poker is truly not awfully hard, and the authors have actually sought to make seemingly tough topics available to players without an extremely strong mathematical background.Conjelco

The Mathematics of Poker

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