Articles About Game theory betting

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Examining How Gambling Mathematics Took Over The World

Nich Moore October 28, 2020 15:08:11

Gamblers have always had systems. However, the adaptation of gambling mathematics in game theory allowed its use as a socio-economic tool worldwide. Far from just the preserve of those using online betting sites in the UK like Bet365, game theory is everywhere. From grave beginnings in the 1950s, it has evolved into the dominant conceptual force on the planet. The mathematics of game theory has taken over the world, and we barely noticed it happen.

Don’t Mistake Gambling Game Theory For A Simple Panacea

Nich Moore October 28, 2020 14:53:31

Game theory has many facets. It comes, if you will, in many flavors. Each applicable only to a particular type of game or system. The theorems one might use when placing a bet on sports in the UK at Bet365 will not apply to chess or poker. So whilst for gambling game theory can be very useful but only if you know which part of it to employ. Using game theory to bet on the outcome of a game thus very much depends on knowing which game, in mathematical terms, you’re actually playing.