Mathematics of Poker

ISBN-10: 1886070253

ISBN-13: 9781886070257

Edition: 2006

Authors: Jerrod Ankenman, William Chen

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Thirty years ago the bond and option markets were dominated by traders who had learned their craft by experience. By the mid-1990s the old school grizzled traders had been replaced by a new breed of quantitative analysts, applying mathematics to the "art" of trading and making of it a science. A similar phenomenon is happening in poker. The grizzled "road gamblers" are being replaced by a new generation of players who 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. This book provides an introduction to quantitative techniques as applied to poker and to a branch of mathematics that is particularly applicable to poker, game theory, in a manner that makes seemingly difficult topics accessible to players without a strong mathematical background.
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Book details

List price: $29.95
Copyright year: 2006
Publisher: ConJelCo, LLC
Binding: Paperback
Pages: 382
Size: 6.00" wide x 8.75" long x 0.75" tall
Weight: 1.430
Language: English

Acknowledgmentsp. vii
Forewordp. ix
Introductionp. 1
Decisions Under Risk: Probability and Expectationp. 13
Predicting the Future: Variance and Sample Outcomesp. 22
Using All the Information: Estimating Parameters and Bayes' Theoremp. 32
Exploitive Play
Playing the Odds: Pot Odds and Implied Oddsp. 47
Scientific Tarot: Reading Hands and Strategiesp. 59
The Tells are in die Data: Topics in Online Pokerp. 70
Playing Accurately, Part I: Cards Exposed Situationsp. 74
Playing Accurately, Part II: Hand vs. Distributionp. 85
Adaptive Play: Distribution vs. Distributionp. 94
Optimal Play
Facing The Nemesis: Game Theoryp. 101
One Side of the Street: Half-Street Gamesp. 111
Headsup With High Blinds: The Jam-or-Fold Gamep. 123
Poker Made Simple: The AKQGamep. 140
You Don't Have To Guess: No-Limit Bet Sizingp. 148
Player X Strikes Back: Full-Street Gamesp. 158
Appendix to Chapter 15 The No-Limit AKQ Gamep. 171
Small Bets, Big Pots: No-Fold [0,1] Gamesp. 178
Appendix to Chapter 16 Solving the Difference Equationsp. 195
Mixing in Bluffs: Finite Pot [0,1] Gamesp. 198
Lessons and Values: The [0,1] Game Reduxp. 216
The Road to Poker: Static Multi-Street Gamesp. 234
Drawing Out: Non-Static Multi-Street Gamesp. 249
A Case Study: Using Game Theoryp. 265
Staying in Action: Risk of Ruinp. 281
Adding Uncertainty: Risk of Ruin with Uncertain Win Ratesp. 295
Growing Bankrolls: The Kelly Criterion and Rational Game Selectionp. 304
Poker Finance: Portfolio Theory and Backing Agreementsp. 310
Other Topics
Doubling Up: Tournaments, Part Ip. 321
Chips Aren't Cash: Tournaments, Part IIp. 333
Poker's Still Poker: Tournaments, Part IIIp. 347
Three's a Crowd: Multiplayer Gamesp. 359
Putting It All Together: Using Math to Improve Playp. 370
Recommended Readingp. 376
About the Authorsp. 381
About the Publisherp. 382
Table of Contents provided by Ingram. All Rights Reserved.
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