tag:blogger.com,1999:blog-19126707331194895902024-10-04T22:01:10.493-04:00Unknownnoreply@blogger.comBlogger19125tag:blogger.com,1999:blog-1912670733119489590.post-66551995683579270672010-03-20T07:45:00.002-04:002010-04-03T18:32:35.387-04:00

Phil Galfond reviews some of his hands played against Isildur1.

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-57022847391955277312010-02-26T19:57:00.003-05:002010-04-03T18:33:14.135-04:00

Related posts: The Man Who Makes the Odds: An Interview with “Roxy” Roxborough One of a Kind: The Rise and Fall of Stu Ungar The Wizard of Odds

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-17894635913260562712010-02-21T16:19:00.002-05:002010-02-21T16:20:06.590-05:00

Las Vegas Sun Report: Casinos lost money for second time in history The state Gaming Control Board today released its “Gaming Abstract” for fiscal year 2009, which ended June 30, showing a net loss of $6.7 billion among the 260 major casinos in Nevada. Clubs along the Las Vegas Strip, which makes up 53 percent of the gambling revenue in Nevada, registered a $4.1 billion loss. The only bright

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-29532815400897216112010-02-21T13:39:00.002-05:002010-02-21T14:09:03.176-05:00

Preface: This book will cover small stakes online 6 max ring games. All hands will be assumed to be 6 handed, though other situations will be discussed. The focus of this book will be the progression of a hand through preflop, flop, turn, and river. Your hand ranges in general should adjust and be contrary to the way the game is playing. This means that if the game is loose (meaning there are a

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-64673063817454151872010-02-19T18:17:00.003-05:002010-04-03T18:29:18.362-04:00

Abstract: The central problem for gamblers is to find positive expectation bets. But the gambler also needs to know how to manage his money, i.e., how much to bet. In the stock market (more inclusively, the securities markets) the problem is similar but more complex. The gambler, who is now an “investor”, looks for “excess risk adjusted return”. In both these settings, we explore the use of the

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-43357933018580624762010-02-19T18:14:00.003-05:002010-04-03T18:31:24.805-04:00

Probably the best explanation of Kelly Criterion! Read the Post Related posts: The Kelly Criterion in Blackjack, Sports Betting and the Stock Market  

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-43329937471782693132010-02-18T19:44:00.003-05:002010-04-03T18:31:14.005-04:00

Abstract: Our goal was to investigate the possibility of creating a profitable betting strategy for league football. We built the Poisson model for this purpose and examined its usefulness in the betting market. We also compared the Poisson model against other most commonly used prediction methods, such as Elo ratings and multinomial ordered probit model. In the thesis, we characterized most of

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-27772558183335501782010-02-18T16:56:00.004-05:002010-04-03T18:31:03.806-04:00

Point Shaving in the NBA: An Economic Analysis of the National Basketball Association’s Point Spread Betting Market  Abstract: In this paper, I examine the point spread betting market of the National Basketball Association for indications of cheating through point shaving. Previous studies have illustrated the contradictory phenomenon of simple, profitable betting rules persisting in a

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-90747291456446542862010-02-15T21:04:00.004-05:002010-04-03T18:30:53.449-04:00

Once a leading oddsmaker talks about the role played by probability and statistics in that business. This interview took place during June 1998. Read the Article And a little follow up to the interview Related posts: Amarillo Slim - The True Gambler One of a Kind: The Rise and Fall of Stu Ungar  The Wizard of Odds  

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-24935689527006816062010-02-15T20:19:00.004-05:002010-04-03T18:30:41.072-04:00

They've got multimillion-dollar bankrolls, lightning-fast networks, and a probability-crunching system that leaves the odds in the dust. Meet the pari-mutuel fund managers who are redefining horse racing. Read the Story And here is an other similar story... Alan Woods: The Hundred and Fifty Million Dollar Man Related posts: The Gang That Beat Las Vegas - The Story of The Computer Group How

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-30754375585586885032010-02-15T20:12:00.007-05:002010-04-03T18:28:32.132-04:00

The Computer Group was the first modern betting ring, able - with the help of the gambler Billy Walters and his national network of bettors - to wager millions of dollars each week. The foundation was laid by Michael Kent, a naive 34-year-old computer expert, who had spent seven years constructing the first successful programs for handicapping football and basketball games. Settling in

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-12372016146685094842010-02-15T19:53:00.003-05:002010-04-03T18:30:29.412-04:00

Related posts: Point Shaving in the NBA Illegal Sports Bookmakers in America

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-89266279457018916032010-02-15T19:33:00.001-05:002010-03-18T17:06:32.178-04:00

Take a trip down memory lane as we explore the origins of the tournament we love so much. Here we visit its humble beginnings of the Binions poker room, and talk to some of the greats who were there when it all began.   Related posts: The History of Poker Documentary 

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-11773091155328307242010-02-15T19:29:00.004-05:002010-04-03T18:31:45.181-04:00

Description: The complete tale of the quintessentially American card game goes from smoke filled rooms to prime-time entertainment. Top players share unforgettable stories of winning hands and losing draws. Sit in on a high stakes game headed by Doyle Brunson, the "godfather of poker". Trace poker's remarkable spread across 19th-century America. It traveled with riverboat gamblers along the

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-23453277980967827612010-02-15T19:15:00.002-05:002010-04-03T18:31:59.860-04:00

This is a documentary about the life of poker legend Stu Ungar who died in 1998 of heart related conditions. He is widely considered to have been the greatest Texas hold 'em and gin rummy player of all time. Related posts: Amarillo Slim - The True Gambler  The Man Who Makes the Odds: An Interview with “Roxy” Roxborough The Wizard of Odds  

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-19032601329981298982010-02-14T21:57:00.004-05:002010-04-03T18:30:17.639-04:00

The System, a Channel 4 special in which Brown shared his "100 per cent guaranteed" method for winning on the horses. The show was based around the idea that a system could be developed to "guarantee a winner" of horse races. Cameras followed an ordinary member of the public, Khadisha, as Brown anonymously sent her correct predictions of five races in a row, before encouraging her to place as

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-90795541695839336442010-02-14T21:33:00.003-05:002010-04-03T18:30:07.309-04:00

Koleman S. Strumpf analyzes six Illegal bookmakers who operated at various points over the period 1995 to 2000 in or nearby New York City. The study examines illegal betting markets, how bookmakers run their daily operations and how do they deal with the fact that legally binding contracts are not possible. The data used in this study were gathered from the Kings County District Attorney office,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-30172907966142082882010-02-14T21:27:00.008-05:002010-04-03T18:28:50.447-04:00

The MIT blackjack teams won millions of dollars over the 90's before they got busted and banned from the casinos. Their story has been covered by several mainstream media outlets and here are some of them... Wikipedia: MIT Blackjack Team Interview with the team member "MIT Mike" Aponte Hacking Las Vegas - The Inside Story Of The MIT Blacjack Team's Conquest Of The Casinos Article in Wired is

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1912670733119489590.post-81175920032825420262010-02-14T20:54:00.005-05:002010-04-03T18:29:40.830-04:00

Like many people, Ernie Dahlman shows up at the office around 8:45, switches on his computer and spends the rest of the day making telephone calls. His office is nondescript, and so is he: blandly handsome, of average height, with an open, friendly expression and rimless glasses that give him a mildly intellectual look. He could be a travel agent, or a stockbroker, or perhaps a real-estate agent.

Unknownnoreply@blogger.com0