Casino Games And Mathematics. Part 1.

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Can the knowledge of mathematics help a gambler to win?

One can often hear that the best piece of advice given by a mathematician to a lover of gambling games is an assertion which lies in the fact that the best strategy in gambling games is complete abstention from participation in them. A lot of mathematicians consider that the most which the theory of probability and the theory of games can give a gambler are the strategies following which he won’t lose too much.

It is difficult to predict whether the American mathematician Edward Thorp shared this view, when once spending winter holidays in Las-Vegas, he, having entered a casino, decided to try his luck in the game of twenty-one. As it turned out, Dame Fortune was extremely unkind to him. We do not know for sure what amount of money this teacher of mathematics of one of American universities lost that winter night at the end of the 50-s the beginning of the 60-s of the last century, however, judging by the following events the amount was not small. Otherwise, how can we account for the fact that development of an optimal strategy of this game became for a number of years an idte fixe of our hero....

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