Science & Math | Mathematics

Mathematics of Keno and Lotteries

by Mark Bollman

2020-07-24 18:22:13

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Mathematics of Keno and Lotteriesis 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 ga... Read more

Mathematics of Keno and Lotteriesis 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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Book Details

File size9.25x6.13x0.71inches
Print pages328
PublisherCRC Press
Publication date March 1, 2018
LanguageEnglish
ISBN9781138723726
autor-image
Mark Bollman
Author
Mark Bollman is Professor of Mathematics and chair of the Department of Mathematics & Computer Science at Albion College in Albion, Michigan, and has taught 113 different courses in his career. Among ...

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