The Mathematics of Poker

Bill Chen and Jerrod Ankenman


Thirty years ago the bond and option markets were dominated by traders who had learned their craft by experience. By the mid-1990s the old school grizzled traders had been replaced by a new breed of quantitative analysts, applying mathematics to the "art" of trading and making of it a science. A similar phenomenon is happening in poker.

The grizzled "road gamblers" are being replaced by a new generation of players who have challenged many of the assumptions that underlie traditional approaches to the game. One of the most important features of this new approach is a reliance on quantitative analysis and the application of mathematics to the game.

This book provides an introduction to quantitative techniques as applied to poker and to a branch of mathematics that is particularly applicable to poker, game theory, in a manner that makes seemingly difficult topics accessible to players without a strong mathematical background.

Paperback, 392 pages, $29.95, ISBN-13 978-1-886070-25-7

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The errata for the first and second printings of the first edition was last updated on 2/16/07.