Although I'm mostly using this blog to answer interesting questions that I get asked, trading and poker is one of my topics. And I just came across an amazing book. It's called the Mathematics of Poker. Its the first book I've really seen to emphasize game thery and poker. And, although I haven't read it yet, I believe that anything who reads (and understands) what it says will have a huge edge in the game of poker.

Bu that's the rub..its not easy reading. I skimmed it and it reads like a math book. However, several things fascinated me by it. First, it said that the "QUANTS" have taken over the trading business using information like this.

"In the same way that quants and mathematicians took over Wall Street in the late 80s, mathematical methods witll dominate poker for years to come." Jeffrey Yates, Founder, Susquehanna International Group.

But I don't know of any books related to a statstical, probability approach to the markets except my own. Thus, this book may be great for understand the markets better. That is certainly one of the reasons I'm going to be reading it.

Bill Chen, the mathematician author, won two World Series of Poker events last year. And both authors are professionals who cashed in on many events in 2006 (I don't know about 2007). And this book isn't really giving away secrets because few will understand it.