Product 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.
Chapman & Hall Mathematics Of Keno And Lotteries 09781138723726
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.
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