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Michael Shackleford (born May 23, 1965, in Pasadena, California, United States), also known as "The Wizard of Odds" (a title taken from Donald Angelini), [1] is an American mathematician and an actuary. He is best known for his professional analysis of the mathematics of the casino games.
A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit.To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine. [1]
Donald Angelini (September 30, 1926 – December 6, 2000) was a mobster nicknamed "The Wizard of Odds" with the Chicago Outfit, a criminal organization that specialized in gambling operations. Career [ edit ]
Wizard of Odds may refer to: Michael Shackleford (born 1965), expert on the math behind casino games; Donald Angelini (1926–2000), Chicago gambling mobster;
But if Las Vegas were setting odds on the three betting options that have generated the most discussion under the Gold Dome, sports betting would be the clear favorite over casinos and horse racing.
Michael Shackleford, mathematician and actuary, as well as owner of the Wizard of Odds website of statistical and other insights to gaming, used the Occam's razor principle in his assessment. He claimed that the "simplest explanation" is that Lew misread her hand or just made a crazy call.
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