Richard Arnold Epstein Quote

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system.


Chapter Three, Fundamental Principles Of A Theory Of Gambling, p. 61 - The Theory of Gambling and Statistical Logic (Revised Edition) 1977


Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting...

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting...

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting...

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting...