Weighing the Odds in Sports Betting Review

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Weighing the Odds in Sports Betting ReviewThis book is clearly written for math-oriented people who have never bet on sports, or gamblers who know about sports but do not have a mastery of the fundamentals to win long-term. This is NOT geared towards professional sports bettors (who will already know most of what is in there).
The first 99 pages are directed towards the technical fundamentals of winning at sports betting. While the mathematics are easy (requiring Algebra at a minimum), it is a component of nearly every analysis. Mastery of this material will teach you how to think like a winning sports bettor. The topics are diverse, including everything from EV (expected value) to evaluation of half-points in a sport. There is an in-depth analysis of hedging (which beginning sports bettors seem to misuse constantly). The quantitative analysis and methodology might make you feel like you are studying a book on stock investing (and in fact, there are a lot of similarities in stocks and sports betting).
The remainder of the book is intermediate material, which uses the principles taught in the first section. How do you determine a fair first-half line in NFL if you know the game spread? How do you determine the fair price on a prop like "Will the shortest TD in a football game be less than 1.5 yards?" There are many exercises that pose a gambling problem, presents research, and shows an analysis of the research to analyze a problem. The reader isn't likely to show an immediate profit from this material, but it WILL show you the thought process used by a winning gambler. If a person understands what they read, they can identify and analyze their own problems, which is the first step to profiting in sports betting.
The author does not give away any "secrets" that will cost him money. While it points you in the general direction, it cannot give away everything - the reader will have to apply what is learned, and do additional research on his own to win. Very few winning sports bettors would disclose more.
If you have never bet on sports, and are wondering what type of work must be done to have a chance, this is the best introductory text on sports betting I have read. Another good beginner's book is Stanford Wong's "Sharp Sports Betting", although that material is dated.Weighing the Odds in Sports Betting Overview

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Sharp Sports Betting Review

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Sharp Sports Betting ReviewSharp Sports Betting is a complete lesson in betting on the NFL. For the beginner, there is instruction on what kind of bets are available and how to place them. And there is detailed instruction on how to handicap sporting events and determine what bets are worth taking using complex statistical analyses. I say that it is a complete lesson in betting the NFL because most examples that the author gives are from the NFL. Much of the book's content can be applied equally to other sports, and the author frequently tells you exactly how to do that. But I would say that it is not a complete lesson in betting on other sports, due to its emphasis on the NFL.
For those unfamiliar with the workings of sports books, Sharp Sports Betting explains how to place bets, money management, calculating what you stand to win on bets, and what types of bets are available, including separate chapters on money lines, over/under bets, props, parlays, and teasers. There is a glossary of sports book terms in the back of the book. And there is a chapter on internet sports books.
Moving beyond the basics, the author lays out his highly mathematical methods of handicapping sporting events and choosing bets. I have to say that I was not at all surprised to find out, on the last pages of this book, that Stanford Wong is also a professional blackjack player. He earned his way through graduate school playing cards. He has written books on blackjack. And he handicaps sports precisely like a blackjack player. I think the cardshark perspective that Wong brings to handicapping sports lends a little extra interest and unique content to Sharp Sports Betting. Not to put too fine a point on it, but the guy is a statistics and probability nut. He doesn't actually make his own lines, so there is no instruction on line-making. He just tells you how to beat the lines that the sports books are offering, using probabilities. At least half of this 384-page book is dedicated to teaching the reader how to calculate probabilities of various things happening in a game -pretty much anything that could happen in a game, actually. I wouldn't know how to begin to explain it, so I won't. In addition to instruction, the author includes a lot of charts which aid you in predicting outcomes, many specifically for the NFL, but some relevant to other sports. There are also 2 appendices with charts of Poisson distribution of events (probabilities), one cumulative and one not. A third appendix contains charts for win-lose-push probabilities.
Sharp Sports Betting is a good introduction to sports betting for the novice. Its very mathematical tone and in-depth instruction on calculating probability make it useful for the intermediate bettor, as well. The author's passion for applying statistics to sports, in the spirit of a card player, may result in some fresh ideas for the experienced handicapper also.Sharp Sports Betting Overview

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