Overview
Description
Probability theory and quantitative methods in a casino gaming operation including game theory, odds of games, and use of analysis for management, marketing and economic decisions.
Requirements
Prerequisites
ECON 261ECON 262
Original catalog text
Prerequisites
Prerequisite(s): ECON 261; ECON 262.
Units
Lecture3
Learning Outcomes
- demonstrate knowledge of the mathematical and strategic analysis of gambling.
- establish metrics for evaluation of casino performance using data analysis and probability theory.
- demonstrate knowledge of various betting systems used in gaming.
- analyze parimutuel and sports betting and describe how they differ from traditional casino gambling.
- analyze gambling games using computer simulations.