A Book Review of "Scarne's New Complete Guide to Gambling"
In addition to the multitudes of reading resources in gambling, author John Scarne has written another excellent book about the practice of gambling. In "Scarne's New Complete Guide to Gambling," the author shows why he is highly regarded as one of the main pioneers of gaming analysis in the modern times. His unique way of analyzing the different gambling games mostly centers on the odds of winning these games.
Scarne started this gambling book by providing information on the many reasons why the gambling is the biggest industry in the U.S. today. After that, he moves on to discuss important topics such as the different laws against gambling, the different kinds of gamblers, and the federal tax problem faced by the gambling industry.
After starting this book by providing a brief background on the state of gambling in the U.S., he follows it up with some basic information regarding the mathematical and scientific principles behind gambling. After that, he moves on by providing his own definition of the term 'gambling.' Scarne then tries to compare gamblers with scientists.
This book is indeed a complete guide to the practice of gambling. Scarne then explores the fundamental elements of gambling like chance and the odds of winning. To give a more holistic approach to the subject of gambling, he then moves on to discuss some of the most prevalent problems facing gambling operators. What else can readers ask for? It seems that Scarne have exhausted everything important related to gambling.
"Scarne's New Complete Guide to Gambling" also tries to discuss how luck operates in gambling. Some of the other topics discussed in this comprehensive book are the fallacy of gamblers, the elements of skill and chance, and the so-called 'Guesser's Disadvantage.' He closes out another chapter of this very wonderful book by offering some tips on increasing the chances of players to win in gambling.
After discussing the various topics mentioned above, Scarne moves on to discuss the subject of horse racing. He has given a high regard for horse racing because this sport involves a lot of betting. He starts out the chapter on horse racing by providing a brief but concise background on the history of the sport.
The book "Scarne's New Complete Guide to Gambling" shows how the author gave serious attention to horse racing. Scarne also discussed the different kinds of races. He then moves on to discuss the history of the pari-mutuel betting system as well as bookmaking. After that, Scarne follows these topics up with information on how the pari-mutuel betting system operates.