Phreaking
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Phreaking is a slang term for the action of making a telephone system do something that it normally should not allow. It is an illegal activity, but one formerly pursued by a large number of computer and electronics hobbyists out … Read More

Kelly Criterion
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The Kelly Criterion or as it is sometimes referred to as the Kelly formula is a formula used to maximize the long-term growth rate of repeated plays of a given gamble that has positive expected value. The formula specifies the … Read More

Mobile gambling redivivus?
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Balderton Capital (formerly Benchmark Capital Europe) is financing the UK-based gambling company betNOW. This way gamblers can place bets via text message, with the actual wagers charged to phone bills. Winnings can be picked up at local post offices. Balderton … Read More