How Science is Taking the Luck out of Gambling – with Adam Kucharski

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From the statisticians forecasting sports scores to the intelligent bots beating human poker players, Adam Kucharski traces the scientific origins of the world’s best gambling strategies.
Watch the Q&A here: https://www.youtube.com/watch?v=o0XxbHnf5ro
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Adam’s book “The Perfect Bet” is available now – https://geni.us/9Ao9j

Spanning mathematics, psychology, economics and physics, Adam Kucharski reveals the long and tangled history between betting and science, and explains how gambling shaped everything from probability to game theory, and chaos theory to artificial intelligence.

Adam Kucharski is a Lecturer at London School of Hygiene and Tropical Medicine where his research focusses on the dynamics of infectious diseases, particularly emerging infections. Prior to this, he got a degree in mathematics from the University of Warwick, received a PhD in applied mathematics from the University of Cambridge and had a post-doc position at Imperial College London.

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How Science is Taking the Luck out of Gambling – with Adam Kucharski

10 thoughts on “How Science is Taking the Luck out of Gambling – with Adam Kucharski

  1. I'm not Gambler I Enjoy Playing Hand As I Long As I Calling The Game's Only One's Playing Since My House My Tables My Deck's As I Let A Billion Ride 1988 Imagine what the Interest Gaming Collision Casino's Held Since Time Lock Opened Pay Off 150 Trillion I Have Holding's

  2. This is so interesting, I can imagine Sheldon saying, "Fascinating".

  3. My Rock Paper Scissors strategy that beat out about 320 staff in an office competition.

    1. If I knew that they are cruel or disliked me (I could give a small insult at the start also "I think I'll win, you never were that clever") – they are more likely to start with scissors.

    "Is this a stabby person?"
    This is lower odds (I imagine 10%) but a personality correlation for my first step.

    2. Almost everyone else goes for Rock first, as its the least cognitive effort. Statistically this was the most common first play (I used about 50% as my expectations).

    3. Whatever I last played, they would try to beat next play

    If I had played rock, they would play Paper next time. etc.

    As it's best of 3, then my pattern isn't too easy to read or see, it's close to random but with a few odds stacked my way, esp. on open.

    I was beaten in the final by 3 rounds of 3 by the same person who played paper 3x.

  4. Don't ever play in a blackjack table that has a CSM (card shuffler machine). Walk out or just hand them your money and save yourself time.

  5. In reality in this era

    Counting cards won't work, as they use a minimum of 5 decks

    And then change those 5 to another 5 once the first run is complete

    What creates a small upper hand, a truly slow process is

    The martingale system on either black or red, or odd and even on a roulette wheel

    Arbitrage betting on soccer works as well..

    But it requires a ton of patience and research of current fixtures to find the right bet

    What he has proven today

    That Gambling institutes exist, to exploit gullible fools like me and that the house always wins

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