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Science Talk

The Perfect Bet: Taking the Gambling out of Gambling

Science Talk

Scientific American

Science

4.2644 Ratings

🗓️ 14 April 2016

⏱️ 35 minutes

🧾️ Download transcript

Summary

Mathematician and author Adam Kucharski talks about his new book The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling (Basic Books, 2016).   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There are some things you should always check, like the hygiene rating on your local takeaway,

0:06.2

the setting on your razor, and whether the party actually is fancy dress.

0:11.1

The other thing you should check is your Experian credit report, especially if you're looking to borrow money.

0:17.2

It lets you understand what lenders see, so you can increase your chances of getting the best deals.

0:22.8

It's dead easy to check it and completely free.

0:26.6

See it in seconds. Download the Experian app today.

0:30.8

Welcome to Scientific American Science Talk posted on April 14, 2016. I'm Steve Murski.

0:38.7

On this episode... A lot of these games are about information. It's about taking advantage of data and

0:42.9

information that are there which other people perhaps haven't spotted. That's Adam Kucharski.

0:47.9

He's a mathematician and a science writer and his new book is called The Perfect Bet,

0:52.8

which is what your March Madness bracket was not. The book's subtitle explains that the book is called The Perfect Bet, which is what your March Madness Bracket was not.

0:56.1

The book's subtitle explains that the book is about, quote, how science and math are taking the

1:00.7

luck out of gambling, end quote. Kucharski is based in London, but was in New York recently

1:06.1

where we talked.

1:09.6

Adam, what is the perfect bet?

1:13.1

In simplest terms, I'd probably say that the perfect bet is a scientific bet.

1:17.8

Really looking throughout history at how people have taken on these games and really looked for loopholes and ways to beat the house.

1:25.3

There's obviously been a lot of systems, a lot of magic formulas and superstitions going around, but really the most successful strategies seem to have a

1:32.6

solid basing in science and really tackling those gambling questions as if it's a scientific

1:37.4

question using experiment and analysis accordingly. So the perfect bet is trying to take the gambling out of gambling. In a way, yes,

1:47.6

exactly. It's trying to separate this element of luck from games which traditionally are entirely

1:55.4

viewed as games of chance. So things like roulette or card games, which are really seen as

...

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