People have been gambling, in one form or another, for as long as history itself. Why? Money, entertainment, escape and a desire to win are all traditional explanations. Arguably, however, these are secondary considerations to a higher order purpose: a craving for control. Gambling offers a means of gaining authority over the unknown, granting us a sense of control over uncertainty. Almost always that sense is illusionary—gambling, including betting and investing, is essentially random—yet for many it is nonetheless profoundly rewarding. This book attempts to explore the reasons why. Along the way, it examines the science of probability and uncertainty, why gambling is often condemned, the difference between expectation and utility, the irrationality of human beings, evolutionary perspectives on gambling, luck and skill, market efficiency and the wisdom of crowds, why winners take all, cheating, and why the process matters more than the outcome.
Oldcastle Books; May 2016
- ISBN 9781843448617
- Read online, or download in secure PDF or secure EPUB format
- Title: Squares and Sharps, Suckers and Sharks
- Author: Joseph Buchdahl
Imprint: High Stakes
About The Author
Joseph Buchdahl runs the website Sports-Tipsters.co.uk, independently verifying online sports betting advisory services. He is the author of Fixed Odds Sports Betting.