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Can I read Stochastic recurrences of Jackpot Keno on EtoBox?
Stochastic recurrences of Jackpot Keno by Chris Noble; Steve Sugden is a Mathematics article available to read on EtoBox.
What is Stochastic recurrences of Jackpot Keno about?
We describe a mathematical model and simulation study for Jackpot Keno, as implemented by Jupiters Network Gaming (JNG) in the Australian state of Queensland, and as controlled by the Queensland O ce of Gaming Regulation (QOGR) (http://www.qogr.qld.gov.au/keno.shtml). The recurrences for the house net hold are derived and it is seen that these are piecewise linear with a ternary domain split, and further, the split points are stochastic in nature. Since this structure is intractable (Brockett and Levine, Statistics & Probability & their Applications, CBS College Publishing, 1984), estimation of house net hold obtained through an appropriately designed simulator using a random number generator with desirable properties is described. Since the model and simulation naturally derives hold given payscale, but JNG and QOGR require payscale given hold, an inverse problem was required to be solved. This required development of a special algorithm, which may be described as a stochastic binary search. Experimental results are presented, in which the simulator is used to determine jackpot payscales so as to satisfy legal requirements of approximately 75% of net revenue returned to the player
Who reads Stochastic recurrences of Jackpot Keno?
It is typically read by researchers, students, and practitioners in Mathematics.
- Author
- Chris Noble; Steve Sugden
- Publisher
- Elsevier Science; Elsevier ; Elsevier BV (ISSN 0167-9473)
- Published
- 2002
- Language
- EN
- Field
- Mathematics (Physical Sciences)