NO.1 BETTING UNDERSTANDING AND CALCULATING THE ODDS: PROBABILITY THEORY BASICS AND CALCULUS GUIDE FOR BEGINNERS, WITH APPLICATIONS IN GAMES OF CHANCE AND EVERYDAY LIFE

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UNDERSTANDING AND CALCULATING THE ODDS: Probability Theory Basics and Calculus Guide for Beginners, with Applications in Games of Chance and Everyday Life


510Ja Ap GL - NO.1 BETTING UNDERSTANDING AND CALCULATING THE ODDS: Probability Theory Basics and Calculus Guide for Beginners, with Applications in Games of Chance and Everyday Life
Man’s daily life is complete of decisional situations. Whether we’ve math skills or not, we regularly estimate and compare probabilities, occasionally with out realizing it, specially when making decisions. But probabilities aren’t just easy numbers connected objectively or subjectively to events, as they maybe look, and their calculus and usage is extremely predisposed to qualitative or quantitative errors in the absence of correct expertise. This is why a book explaining the probability concept and its interpretations and applications for non-mathematicians is really a necessity. That is definitely an enlightening trip through the world of probability theory. Its multiple goals are to assist the reader under_stand what probability definitely means, to educate the reader how to rigorously perform and apply the probability calculus, even with out a strong mathematical background, and to stimulate the reader to go deeper into the notions involved. In the 1st part, the writer tries to build a clear picture of the probability concept by reconstructing its mathematical definition step by step through its constituent notions.It begins with a common presentation of the conceptual ensemble word – definition – notion – model any theory is based on when attempting to reproduce reality. Then, the probability notion is defined and explained beginning from the classical definition towards the definition for the countable case; then probability is presented as a limit and as a measure. That book presents not only the mathematical concept of probability, but also its philosophical aspects, the relativity of probability and its applications and even the psychology of probability. All explanations are made inside a understandable manner and are supported with suggestive examples from nature and daily life and even with challenging math paradoxes. After those points are laid out the math chapter follows.It contains all of the notions and principal theoretical results this ground Probability Theory, beginning with essential no

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