| Mathematics of Keno and Lotteries Contributor(s): Bollman, Mark (Author) |
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ISBN: 1138723800 ISBN-13: 9781138723801 Publisher: CRC Press OUR PRICE: $180.50 Product Type: Hardcover - Other Formats Published: March 2018 |
| Additional Information |
| BISAC Categories: - Mathematics | Recreations & Games - Mathematics | Probability & Statistics - Bayesian Analysis |
| Dewey: 519.27 |
| LCCN: 2018006906 |
| Physical Information: 0.81" H x 6.14" W x 9.21" (1.44 lbs) 338 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Mathematics of Keno and Lotteries is an elementary treatment of the mathematics, primarily probability and simple combinatorics, involved in lotteries and keno. Keno has a long history as a high-advantage, high-payoff casino game, and state lottery games such as Powerball are mathematically similar. MKL also considers such lottery games as passive tickets, daily number drawings, and specialized games offered around the world. In addition, there is a section on financial mathematics that explains the connection between lump-sum lottery prizes (as with Powerball) and their multi-year annuity options. So-called "winning systems" for keno and lotteries are examined mathematically and their flaws identified. |
