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Taking Chances: Winning with Probability

Taking Chances: Winning with Probability

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Author: John Haigh
Publisher: OUP Oxford
Category: Book

List Price: £9.99
Buy New: £5.51
You Save: £4.48 (45%)



New (25) Used (13) from £3.75

Rating: 4.0 out of 5 stars 11 reviews
Sales Rank: 59533

Media: Paperback
Edition: New Ed
Pages: 400
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 7.6 x 5 x 0.9

ISBN: 0198526636
Dewey Decimal Number: 519.2
EAN: 9780198526636
ASIN: 0198526636

Publication Date: May 8, 2003
Availability: Usually dispatched within 1-2 business days
Condition: IN STOCK - BRAND NEW - SENT FIRST CLASS - IMMEDIATE DISPATCH

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Editorial Reviews:

Amazon.co.uk Review
Most of us enjoy pleasant surprises and know that many of life's greatest rewards are obtained by taking chances. This is true whether we are playing the National Lottery or deciding whether or not to buy flowers when we are unsure if it might be our girlfriend's birthday. So if you enjoy taking chances, and winning--and it's a safe bet that you do--this book helps you do so in a more intelligent way.

John Haigh is Reader in Mathematics at Sussex University and his book covers a remarkably large number of topics. He tells you how to take chances playing the football pools and about the role of chance in sports such as tennis, golf, cricket and soccer. What points in tennis are most important? If a footballer gets a yellow card in 10 percent of games and is suspended for one game whenever he has accumulated two yellow cards, how often is he suspended? What is the chance that a team that scores the first goal goes on to win? He also writes about casino games, bridge and Monopoly, explaining why orange is the best colour of Monopoly property to own.

The book is practical rather than theoretical. It is written for anyone with a curious mind, aged perhaps 16 and up. It is not a textbook, but introduces concepts, such as random walk and game theory, that are familiar to professional mathematicians. There are technical appendices and test-yourself-quizzes for readers who want to explore more. A bonus is advice on the National Lotteries. Haig will help you choose UK National Lottery numbers that are more likely to give you a large prize. However, with typical vividness, he cautions that if the Lottery had begun with the ancient druids, and your ancestors had bought 50 tickets every week for the last 5000 years, then by now your family could expect to have won the jackpot just once! --Richard Weber


Customer Reviews:   Read 6 more reviews...

3 out of 5 stars Normal gamblers beware   August 4, 2008
D. Gibson
While this book is interesting from a general probability point of view I would not consider it of any great value to a gambler. It is difficult to understand how the information could be used effectively on an every day level as it often talks about 'fair' principles which as any gambler knows do not exist. Given the number of years it is since I needed to use proper mathematics I had to do research before I could understand parts of it. It would appear gambling has been befriended by a book about probability rather than probability being the gamblers friend. When reading the book it appeared to me the author is quite dismissive of the chances of gambling for profit and you should expect to lose but it does give strategies in casino games to lose more slowly. As a seasoned gambler I already know about not expecting to turn a profit long-term but its not something I expect a book called 'Winning with Probability' to tell me as I was hoping for some pearls of wisdom. While I found probability interesting it has taught me little about gambling I hadn't learnt previously although at a great deal more expense.


4 out of 5 stars If you're a punter into numbers and thinking hard about your punting ...   April 12, 2007
Paul J. Kulhavy (New Zealand)
2 out of 3 found this review helpful

... then you'll like this book.

Produced by Oxford University press - the guy is into maths and statistics - but writes well and shows how to use probability in everyday games of chance.

Very useful to see how to apply stats and averages and how not too. You will need a good grasp of English and like playing with numbers - but I constantly re-read pieces of it even a couple of years later.

Probably better aimed at players of Roulette and Blackjack but he also applies his numbers to gameshows and regular things like card tricks and birthdays.

Very interesting book - and will definately help you to avoid the pitfalls of incorrectly estimating chances by highlighting faulty logic.



5 out of 5 stars Superb Introduction to Probability   January 16, 2006
Mr. M. R. Wassell (Norfolk, England)
4 out of 5 found this review helpful

This is an extremely well written book that is tailored to everyone no matter what background they've had in maths and probability. It's all clearly laid out, interesting examples given and makes you look at things such as football draws in a new light! Great stuff.


5 out of 5 stars Excellent introduction for the layman   September 25, 2005
R. Clercx (Oostende, BELGIUM)
10 out of 12 found this review helpful

I've bought quite a few books on probabilitytheory and stats lately (you can check my other reviews to verify) and I consider this book to be one of the most valuable in my growing collection.

Gambling adepts who mostly don't have a clue about the real odds, or miscalculate odds, might find this book very enlightening (or depressing depending on your preassumptions who are most likely to get smashed after reading this book).

If you are a mathphobic, you'll find the explications clear without being simplistic, and the practical value is excellent.

Adding an appendix in which all the calculations or concepts are mathematically backed up is an excellent surplus. This way, you can adopt the formula's needed to many different questions which involve getting a clear objective view on chance in a wide range of fields.

The title however, might bring false hope to the desperate ones. If anything, the author prooves beyond reasonable doubt how low the odds are exactly you could actually win big in popular gambling games such as the lottery or casino games.

In other cases, like investment, or sports betting, applying the knowledge in this book could be profitable. But, as the name 'probabilitytheory' implies: probability does not equal certainty. However, if you decide to gamble, one can better maximise his chances, what this book will teach you.

If you, like me, thought math and stats were simply not your cup of tea, have no fear. You won't be banging your head against the wall struggling with complicated formula's of which you are trying to figure out the symbols used. The author understands very well the art of explaining the complex in an approachable way which will keep you interested.

If you are a layman and would only buy one book on probabilitytheory, but can not decide which one: I can promise you from what I have read myself so far:

this is surely a very good way to start.


5 out of 5 stars Excellent   February 18, 2005
Mr. M. R. Wassell (Norfolk, England)
1 out of 2 found this review helpful

This is a wonderful book, very well written and informative. I have learnt a great deal about both basic mathematics and probability and it has increased my interest in both! Highly recommended!

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