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Major Games of Chance and Slots

Harold L. Vogel-2012-10-22
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TL;DRAbstract

In studying the financial economics of gaming, it is essential to have at least a cursory knowledge of how the major games are played. This appendix is designed to provide such knowledge, but it is by no means intended as a complete guide. Many other widely available books, including Schwartz (2006) on the history of gambling, contain far greater detail concerning the finer points of play strategy and money management (i.e., the number of units wagered at each betting decision). Tax consequences may also have some relevance.

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In studying the financial economics of gaming, it is essential to have at least a cursory knowledge of how the major games are played. This appendix is designed to provide such knowledge, but it is by no means intended as a complete guide. Many other widely available books, including Schwartz (2006) on the history of gambling, contain far greater detail concerning the finer points of play strategy and money management (i.e., the number of units wagered at each betting decision). Tax consequences may also have some relevance.

Keywords

Relevance (law)Game of chanceEconomicsOperations researchMathematical economicsPositive economicsComputer scienceActuarial science

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