Mathematics of Keno and Lotteries is 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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Language English ● Format PDF ● Pages 338 ● ISBN 9781351756303 ● Publisher CRC Press ● Published 2018 ● Downloadable 3 times ● Currency EUR ● ID 6564544 ● Copy protection Adobe DRM
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