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Introduction
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xi |
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Part I
The History
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Chapter 1
Pits, Pebbles, and Bones: Rolling to Discover Fate
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3 |
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Chapter 2
The Professionals: Luck Becomes Measurable
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19 |
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Chapter 3
From Coffeehouses to Casinos: Gaming Becomes Big Business
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37 |
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Chapter 4
There's No Stopping It Now: From Bans to Bookies
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46 |
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Chapter 5
Betting with Trillions: The 2008 World Economic Calamity
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58 |
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Part II
The Mathematics
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Chapter 6
Who's Got a Royal Flush?: One Deal as Likely as Another
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75 |
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Chapter 7
The Behavior of a Coin: Making Predictions with Probability
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83 |
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Chapter 8
Someone Has To Win: Betting against Expectation
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101 |
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Chapter 9
A Truly Astonishing Result: The Weak Law of Large Numbers
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118 |
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Chapter 10
The Skill/Luck Spectrum: Even Great Talent Needs Some Good Fortune
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131 |
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Part III
The Analysis
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Chapter 11
Let It Ride: The House Money Effect
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157 |
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Chapter 12
Knowing When to Quit: Psychomanaging Risk
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168 |
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Chapter 13
The Theories: What Makes a Gambler?
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182 |
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Chapter 14
Hot Hands: Expecting Long Runs of the Same Outcome
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202 |
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Chapter 15
Luck: The Dicey Illusion
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209 |
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Acknowledgments
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217 |
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Appendix A
Descriptions of the Games Used in This Book
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219 |
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Appendix B
Glossary of Gambling Terms Used in This Book
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224 |
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Appendix C
The Weak Law of Large Numbers
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227 |
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Appendix D
Glossary of Mathematical Definitions
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229 |
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Appendix E
Callouts
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236 |
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Notes
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249 |
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Further Reading
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265 |
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Index
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267 |