2015 Reprint of 1963 Edition. Full Facsimile of the original edition. Not reproduced with Optical Recognition Software. Co-written by the author of the "Beat the Dealer", this work provides a mathematically based model intended to improve the chances of winning not only in Baccarat, but in black jack and other games of chance. Language is quite technical, but parts are accessible to the average player and the theory informs all of Thorp's and Walden's more popular work. A scarce scholarly treatise on probability and its application to games of chance.