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The Logic Of Sports Betting Paperback – May 17, 2019
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How do sportsbooks make their lines? Which types of bets are the best? Can you beat the house?
The Logic Of Sports Betting answers all these questions and more with a dash of humor and a whole lot of real talk about how it all works. Peek behind the counter and learn how sportsbooks operate. Combine that insider knowledge with why-didn’t-I-think-of-that sports betting logic, and you have the winning formula.
Ed Miller is a best-selling (over 300,000 copies sold) author of books on poker and gambling. This is his first book on sports betting, but maybe his favorite book to write so far.
Matthew Davidow is a sports modeler, using proprietary methods to beat major sports betting markets for over 15 years, and co-founding two leading private sports analytics firms along the way.
What people are saying about The Logic Of Sports Betting:
"Matt and Ed are two of the smartest minds in sports betting." - Rufus Peabody, professional sports bettor
"As a sportsbook employee for 30-plus years, I find it difficult to read or watch anything about sports betting. But I could not put The Logic Of Sports Betting down. It’s that good." - Robert Walker, Las Vegas bookmaker
- Print length237 pages
- LanguageEnglish
- Publication dateMay 17, 2019
- Dimensions5.5 x 0.54 x 8.5 inches
- ISBN-101096805723
- ISBN-13978-1096805724
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Product details
- Publisher : Independently published (May 17, 2019)
- Language : English
- Paperback : 237 pages
- ISBN-10 : 1096805723
- ISBN-13 : 978-1096805724
- Item Weight : 9.9 ounces
- Dimensions : 5.5 x 0.54 x 8.5 inches
- Best Sellers Rank: #41,871 in Books (See Top 100 in Books)
- #3 in Sports Gambling (Books)
- Customer Reviews:
About the authors
Ed Miller is an MIT graduate and an acclaimed author of numerous poker strategy books. He's been playing, coaching, and writing about hold 'em full-time since 2003, and his books have sold over 250,000 copies worldwide.
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In addition to the process, this book teaches about the markets. What do different line moves mean? What types of market moves warrant betting more (or less)? Much of the book focuses on helping you understand the operation of a sportsbook, and the inherent weaknesses it has. If you see the enemy as they see themselves, you will better see and understand glaring weaknesses in what they do.
The final section includes bread and butter things that winning players know and do. How can you best exploit a Sportsbook’s marketing (e.g., bonuses and other offers)? If you have exceptional information or an angle, how do you best use it to make money? How can you lower the market’s theoretical hold? When do you often see big value in derivatives and props?
This book alone won’t make you a winning player, but it is a major stepping stone towards winning. If you are a losing player, there is a lot you need to learn from this book. If you are a winning player, it might make you think in more depth about (possibly incorrect) assumptions you have made. I gave this book 5 stars because it offered a lot of information I have never seen published, it was coherently themed to elevate players, and it was extremely well written and edited.
Not only did the author go over a process that made him a success, but a lot of the theory behind *why* he placed bets were the same as why one buys securites: You spot a mistake in the pricing that makes the bet (trade) attractive. In fact the BIGGEST takeaway from this book was the phrase "Bet the mistakes!" If you get nothing else out of this book, you have got your money's worth, as it is the key to profitable betting and trading.
If you are wondering how anyone can beat the games (or markets) then this book should be your FIRST step!
I generally buy such books in the hope of gleaning something that will be of use in everyday play. I found two such nuggets of information, and it's likely that you will, as well.
So, I am seeing great offers from the on-line casinos for sports betting now. This is similar to what was offer during the poker craze many years ago. How to take advantage? I looked around for a book. Picked up a couple and they were crap.
'
This book is a great introduction for a beginner like myself into sports betting. Sure, I followed sports and thought I knew what I was doing. I have always done well at the football pool at work. Nope, I didn't know what I was doing, and was merely lucky. This book gets into what you HAVE to know to have a chance at winning at gambling on sports, consistently and over the long term.
However, it is not like you are given the keys to a car and can drive it away. This book suggests, to me, that you have to start modelling to choose winners. At least that is my take away. This will be hard work.
It starts with a mathematical description of how to convert the odds that are given to the percentage of times your pick has to win to make money. THis is fundamental to a better understanding of what -110 means. For someone in the business, sure this may easy, but it was hard for me, as a beginner in the area. The hold is a crucial calculation which you have to be able to calculate. Then it helps you understand the market you are betting into. Then he finally gets into how to win , and exotic bets like prop bets and parlays.
As he outlines, there are reasons to believe there are some good deals out there for sports bettors. If you want to get into the area, you would be wise to read this book.
Top reviews from other countries
Etant complétement néophyte, j'ai compris les mécanismes des paris sportifs, même si cela s'adresse surtout aux types de paris US avec des types de paris qui n'existent pas en France.
Je recommande ce livre à tous ceux qui veulent comprendre ce qu'il y a derrière chaque cote.
Merci Mr Miller.
Greetings from Austria!