Fortune’s Formula – The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street is a 386-page book by William Poundstone published in 2006. The author was inspired by a strategy that first entered the collective consciousness in 1956. Known as the “Kelly Criterion,” or as most people refer to it today, the “Fortune Formula,” the strategy was devised by Claude Shannon and John L. Kelly Jr., two scientists who wanted to get rich quickly and succeed in various testing theories. Fortune Formula became so popular that among its most dedicated followers, one can even find the American investor and business magnate, Warren Buffet, whose net worth is estimated at over $100 billion.
Although casino games are a game of luck, understanding the possibilities can give you a big advantage over your opponents and even the house. Interesting, educational, and great reading in general, these casino books are worth investing in.