Calculated Bets

Calculated Bets

andreyma Books Reviews

Review Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win



This book follows the story of how Steven Skiena predicted the results of jai-alai matches by using computer simulations and mathematical modeling techniques. After predicting the outcome, he bet on them and maximized his initial stake by up to 500% in only one year. Skiena shows readers how to watch jai-alai properly and how to bet on it for successful profits. He presents a gambling system that works.

The computer program, as presented by Steven Skiena in the book, proves to be successful in predicting the outcome of jai-alai. He shows how the computer program he created effectively exploited statistical advantages through the Spectacular Seven scoring system for jai-alai. It also narrates how Skiena got into creating this computer program through his personal interest in the game. Overall, the book is fun to read and discusses the development of the program and how the author beat jai-alai successfully. Although not many know this game or are into it, the computer program Skiena created was interesting. 

About the Author

STEVEN S. SKIENA is a Distinguished Teaching Professor of Computer Science at Stony Brook University. He authored four books related to finance and computer programming. He leads the Lydia news/blog analysis project at Stony Brook. He is the co-founder and Chief Scientist of General Sentiment. 

Table of Contents



1 The Making of a Gambler

2 What is Jai Alai?

3 Monte Carlo on the Tundra

4 The Impact of the Internet

5 Is This Bum Any Good?

6 Modeling the Payoffs

7 Engineering the System

8 Putting My Money Where My Mouth Is

9 How Should You Bet?

10 Projects to Ponder


For Further Reading