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We show that the ratio of return to bet size is approximately proportional to the return / drawdown ratio and is a reasonable proxy for risk-adjusted returns. Both theoretical analysis and computer simulation show that these alternative choices of bet sizes are much more conservative compared to what the Kelly-Thorp theory suggests and makes sense in practice. In summary, all the chapters are nicely structured and presented without requiring too much mathematical knowledge. However, for a complete grasp on contents of the book reader should have good knowledge of algebra and calculus and understanding of advanced analysis. An understanding of these differences will provide a casino with additional information to catch card counters at the table. More over you can get detailed understanding of the games offered by such casinos. Conversely, the unpredictable betting strategy of a “normal” gambler was gathered through observations of over one thousands hands of blackjack.

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