A Review of Mason Malmuth's "Gambling Theory and Other Topics"
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For people who are interested in enhancing their knowledge about gambling and casinos, they should try exploring different books about the mentioned fields. Gambling is a complex area and it will be better that people are well-prepared before they try their fate in any of casino games. Most of the time gambling books served as self-help books to new and serious gamblers.
Mason Malmuth is one of the many writers who tried to explore the different aspects and elements of gambling. Even if he was considered as a controversial gambling author, he was still able to introduce an effective gambling book which is titled "Gambling Theory and Other Topics."
Malmuth's book is a collection of essays that are categorized in six sections. The first section of the book has sufficient data supporting his perspectives on gambling theories. In this section, the author presented the common strategies used by gamblers in betting. His opposition to the use of the investment diversification technique in gambling is widely discussed in this part. This section is very useful to readers because the author was able to justify his stand in some issues including stake and bankroll management.
The second section of the book provided examples of the different gambling theories explored in the previous section. The author's opinions on game theory and stake management are elaborated in this part. According to people who have reviewed the book, this section contains information about gambling theories that are not mentioned and discussed in other gambling readings.
The third and fourth sections focused on myths associated with different betting systems as well as the efficient strategies that poker players can use. On the other hand, the fifth section highlighted various casino games such as the Super Pan Nine. The last section served as a strong conclusion to all the data and information presented by the author about gambling. Aside from the conclusion, the last part of the book also offered reviews of some gambling books.
Even if the author appeared to be controversial to other writers as well as gamblers, many readers believed that this book is well-written and should be read by people who desire to increase their knowledge in gambling. Aside from the theories discussed, the author succeeded to apply these theories in the events commonly experienced by gamblers. The book is also recommended to gamblers because it contained significant ideas that are not presented and explored by other author who write books about the different aspects of gambling.