Rating: ****
Tags: Games & Activities, Card Games, General, Poker, Lang:en
Publisher: ConJelCo LLC
Added: January 5, 2021
Modified: November 5, 2021
Summary
In the late 1970s and early 1980s, the bond an option
markets were dominated by traders who had learned their craft
by experience. They believed that there experience and
intuition for trading were a renewable edge; this is, that
they could make money just as they always had by continuing
to trade as they always had. By the mid-1990s, a revolution
in trading had occurred; the old school grizzled traders had
been replaced by a new breed of quantitative analysts,
applying mathematics to the "art" of trading and making of it
a science. Similarly in poker, for decades, the highest level
of pokers have been dominated by players who have learned the
game by playing it, "road gamblers" who have cultivated
intuition for the game and are adept at reading other
players' hands from betting patterns and physical tells. Over
the last five to ten years, a whole new breed has risen to
prominence within the poker community. Applying the tools of
computer science and mathematics to poker and sharing the
information across the Internet, these players have
challenged many of the assumptions that underlie traditional
approaches to the game. One of the most important features of
this new approach is a reliance on quantitative analysis and
the application of mathematics to the game. The intent of
this book is to provide an introduction to quantitative
techniques as applied to poker and to a branch of mathematics
that is particularly applicable to poker, game theory. There
are mathematical techniques that can be applied for poker
that are difficult and complex. But most of the mathematics
of poker is really not terribly difficult, and the authors
have sought to make seemingly difficult topics accessible to
players without a very strong mathematical background. **