The 14 Best Books on Sports Betting You Cannot Afford To Miss

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To get into betting, you need in-depth knowledge and analysis of the sport of your choice. This is where sports betting books come in.  We’ve searched and analyzed thousands of gambling topic books and brought you only the ones worth reading before joining top gambling sites. With our choices, we will help you make informed choices.

1. Sharp Sports Betting

Sharp Sports Betting
Author  Release Date  PublisherMain topic
Stanford WongAugust 2001PiYee PressExplains the logic and math of sports bets

The book focuses on the math part of betting, which is an integral part of betting. The scores about over and under are math-based, and it applies to sports betting. This book is one of its first kind, and it forms a basis for many beginners. According to multiple reviews, it is a simple book with basic rules and tips relevant for beginners.

Details about the book

The name of the author Stanford Wong is an alias, and it is a fun and interactive book. The book focuses on the NFL and all the statistics involved with the sport. If you are a beginner in this sports betting, you need this book for guidance.

2. The Smart Money

The Smart Money
Author  Release Date  PublisherMain topic
Michael KonikOctober 2005Simon and SchusterLooks into the mind and practices of gamblers

The book focuses on the author’s exploits in gambling. Their betting strategies are uncommon among beginners and shouldn’t be applied by them. The book is widely known because it highlights the cunning edge of gambling. You can understand betting basics, but if you’re new in this domain, use this book only for informative purposes as it presents high stakes.

3. The Signal and the Noise

The Signal and the Noise
Author  Release Date  PublisherMain topic
Nate Silver27th  September 2012  The Penguin Press  Why do some predictions fail, and some don’t

It is one of the best sports betting books in the world. It appeared on the New York bestseller list as No. 12. This sort of accolade puts your book on the map. Their betting strategy is unique, and it captures other aspects of statistics used to help you gain an advantage. It teaches beginners to follow trends to predict outcomes.

Other forms of betting

The book shows that betting shouldn’t be tethered to sports only. Other platforms can also be gambled on, such as the elections, appointment of football managers, location for the next Olympics or World Cup, and winners of the Oscars.

4. Fixed-odds Sports Betting

Fixed odds Sports Betting
Author  Release Date  PublisherMain topic
Joseph Buchdahl1st  December 2003High StakesStatistical Forecasting and Risk Management

Fixed odds don’t necessarily yield the desired results in gambling. The author tries to shine a light on how you can beat the bookmaker. This book can be used by seasoned gamblers and also novices because it has some basic numerical techniques. The book is easy to understand because it provides tips on how to manage risk. In-depth knowledge of the principles can turn betting into a form of low-risk investment.

Fixed odds are tricky

Fixed odds are primarily speculative and based on past results. They may be considerable odds, but beginners need to be careful of them. The prevailing circumstances can change your odds very quickly. Weather can seem so simple, but it can affect the scores of your match. Before betting on fixed odds, be observant and factor in anything that affects the match.

5. Weighing the Odds in Sports Betting

Weighing the Odds in Sports Betting
Author  Release Date  PublisherMain topic
King YaoJuly 2007  PiYee PressHandling Sports Betting Intelligently  

The title of the book shows how you can apply its principles wisely and gain an advantage. The book can help beginners learn how to use the handicap odds to their advantage. The book is acknowledged worldwide for its similarity with Wong’s book. The writing is simple, and it shows beginners how to attack the market for a positive value.

How to weigh odds

For you to become a seasoned bettor, you need to know how to go about your odds. Weighing odds means that you need to understand your risk of ruin. Look at the odds and see how much you stand to win and lose. The smaller odd doesn’t guarantee a win, so do your research before placing your bet. You need not rely on one bookmaker for odds. You need to examine various bookmakers on the same match to get the best odds.

6. The Success Equation

The Success Equation
Author  Release Date  PublisherMain topic
Michael J. Mauboussin16th October 2012Harvard Business Review PressUntangling Skill and Luck in Business, Sports, and Investing  

Sports betting is a skill; as this book illustrates, it is something you perfect over time. Their betting strategy revolves around using luck and skill to win your sports bets. This book can help you harness the art of guesswork which is helpful when you are simply looking at odds without analyzing them. The book is not popular amongst readers. The reason for this is because it doesn’t give an in-depth analysis on how to differentiate between luck and skill.

Luck versus Skill

The book explains in more straightforward terms the luck and skill concepts. If a beginner gets carried away because of luck, they might be carried away later. The sports that rely on luck and skill are highlighted. Hockey is more reliant on luck, while basketball depends on skill. Once you realize where your sport lies between the two, you can shape your strategy.

7. Squares & Sharps, Suckers & Sharks

Squares Sharps Suckers Sharks
Author  Release Date  PublisherMain topic
Joseph Buchdahl27th May 2016High StakesProbability theory

The strategy implied in this book focuses on the various reasons people bet. People can stop betting just as fast as they started it. The main idea being portrayed is probability. This concept can help beginners understand that not all bets are guaranteed. Specific odds have a probability of achieving success. The book has been praised for its approach and how well the readers have understood it.

Calculating probability

A calculation on probability will give you an insight into how your team will fare in regards to the odds. Convert the odd to a fraction, then find out the percentage. That percentage is the probability of your team winning. The math behind the bet will determine whether it is worth the risk. There are 3 types of odds when it comes to probability. There are decimal, fractional, and Moneyline odds. Grasp the details of these examples for you to get a better understanding of betting.

8. Superforecasting

Superforecasting
Author  Release Date  PublisherMain topic
Phillip Tetlock and Dan Gardner  24th September 2015Crown  The Art and Science of Prediction

The betting strategy you can draw from this book is the art of prediction. Prediction is beneficial when you do a lot of research, and that research will eventually benefit your sports betting. The book is famous because of its application in a prediction that hinges on certain occurrences in the world. The book shows how beginners can use Superforecasting to predict the future. Once you understand the principles, you can achieve a lot in betting.

Science of prediction

Predictions have now been integrated into technology. Programmers are working day and night to produce apps that predict the outcome of matches with one click of a button. These programs are based on years of research on the sport, and they do save your time. Aside from programs, reliance on experts can yield some results. Experts or regular gamblers draw their inferences from certain factors. Some of these factors are injuries, suspensions, average points, and possession.

9. Antifragile

Antifragile
Author  Release Date  PublisherMain topic
Nassim Nicholas Taleb  27th November 2012Random House(US) Penguin Books (UK)Things That Gain From Disorder

The betting strategy can be applied when a particular team is at a disadvantage. When a key player is injured, the other team might benefit. This principle has helped gamblers to predict scores and results of matches they are used to betting for. The principle can only be used when you do adequate research on the matter.

Concept of Antifragility

The book written by Taleb was birthed on this concept. The reaction to a stressor on the opposite end; concept is also extracted from risk analysis. Assessing risk in betting will give you a reaction drawn from your research. How you react to pressure forms the basis of fragility and antifragility. The former is a negative response, while the latter is a positive. In betting, you have to form a positive response to pressure to recover from your loss.

10. The Logic of Sports Betting

The Logic of Sports Betting
Author  Release Date  PublisherMain topic
Ed Miller and Matthew Davidow17th May 2019Ed Miller and Matthew Davidow  Understanding the Math behind betting

The book is famous among beginners, but it has something for everyone in it. The strategy revolves around how you can understand the mathematics behind betting. The correlation between the principles of betting and mathematics is shown when you calculate the odds. The odds are not added, but they are multiplied when you use a parlay.

Math behind betting

Probability is one of the main factors that influence the odds in a market. The math used to get the value of a bet is comparative. The other thing is the bookmaker margins; you have to look at other bookmakers to have an odd estimate. You have to compare which odd will give you the best outcome when you try to use point spreads.

11. Mathematics in games, sports and gambling

Mathematics in Games Sports and Gambling
Author  Release Date  PublisherMain topic
Ronald J. Gould28th July 2009Chapman and Hall/CRCMathematics and statistics in sports

This book, written by Ronald J. Gould, has 1st and 2nd editions, both of which explain how mathematics is used in sports to determine the outcome of events. This strategy is elaborate enough for beginners to learn as they go through this book. There are no complex mathematical equations written on it. The lack of mathematical problems to solve will make it easier for beginners to understand and implement.

Statistics in sports

Statistics form a massive part of betting today; previous encounters between teams form the basis of the statistics. Certain situations within a match may produce outcomes that may affect the bet. Some of these situations are:- corners, batting averages, number of shots, and number of touches in the final third.

12. Profiting From Point Spreads

Profiting From Point Spreads
Author  Release Date  PublisherMain topic
Daniel Fabrizio and Joseph Hunter2nd April 2010BCD advisorsProfiting from point spreads

Beginners widely read this book because it uses a strategy that benefits a high percentage of bettors. The book perfectly illustrates how you can win by placing your bets for both teams. You can place your bet for the favourite and place the other for the underdog, or you could just place a draw. The three bets win, draw and lose. The book is plain and simple, thus making it easy for beginners to understand.

13. Scorecasting

Scorecasting
Author  Release Date  PublisherMain topic
Tobias Moskowitz and L. Jon Wertheim25th January 2011Three Rivers PressHidden influences of how sports are played and games are won

The book applies a strategy that many beginners start betting with. The principle that home teams hold the advantage is something used by all sports. The number of appearances made by a team at that point of the competition also sways bettors, the experience a team has in handling high stakes games.

Hypothetical Insights

Some of the insights you can use are as follows:-

The number of consecutive times Barcelona has lost to Atletico Madrid at home.

Why Andy Murray doesn’t perform well in clay court.

How often Lewis Hamilton wins the Silverstone Grand Prix.

These are just theoretical insights that should be used to predict the outcome of a game. It would be best if you researched games to get their records. These records usually repeat themselves, and they can influence your decision on a bet.

14. Enemy Number One

Enemy Number One
Author  Release Date  PublisherMain topic
Patrick Veitch9th April 2009Racing Post Books  The secrets of the UK’s most feared professional punter  

The strategies employed by this punter will inspire any beginner to use his tactics for consistent wins. Any beginner would wish to clean out the bookmakers. Following his principles will get you started. The story told in the book is well known, particularly the part where his winning streak attracted the wrong people. The book is simple, and the story is very interesting for readers.

Final Thoughts

Sports betting is a form of sport that has been there for centuries. The popularity had only skyrocketed when technology became infiltrated as our principal medium of communication. Beginners tend to go into betting after the success of an acquaintance. Most of the time, beginners have beginner’s luck, which may art them for a while, then the losing begins.

The loss of a bet may cause one to retreat, but they will continue for those who are persistent. Betting has also proven to be a form of investment, but it may cause financial ruin without research. The books highlighted have in-depth knowledge for any beginner who wishes to participate in betting. It is recommended that you read a book on betting before your journey. The book will act as your mentor. Begin this journey now and safeguard your investment.

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