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Are there any good books or articles on sports gambling topics?
What are good books or articles on sports gambling topics?
How can I find good books or articles on sports gambling topics?

Dec 25th, 2007 04:24
John Mathu, James Buren, http://www.NCAASportsBlog.com http://www.nflchampionshipblog.com http://onlinecasinoreviewguide.blogspot.com/


Here are some sports gambling related books I've found to be useful, in
suggested reading order for beginners. The obscure ones I've purchased
from the Gamblers Book Club, although I don't know if they are still in
print. I tend to like writers that are objective and more interested in
your winning than being a fan.
Orkin, Mike. "Can You Win?", W.H.Freeman and Co., 1991. IBSN
0-7167-2155-4 (soft)
    Presents a general overview of gambling presenting the real odds of
various games. It only assumes a high school level of mathematics
understanding. The 32 page section on sports betting doubles as a guide
to the various betting options available, and there is also a 16 page
section on horserace betting. A brief treatment on Kelly betting as
applied to sports gambling is included.
    An overview concentrating on the question posed by the title, the
author concludes the sports section with the observation:
    "If you're going to gamble, which games should you play? I recommend
sports betting. There are two reasons for this: 1 - Unlike in roulette,
craps, and keno, it's impossible to prove that you can't win in the long
run. 2 - When you win, it's because you're smart, and when you lose,
it's because somebody fumbled." 
Sugar, Bert Randolph. "The Caesars Palace Sports Book of Betting", St.
Martin's Press, 1992. IBSN 0-312-05058-5 (paper)
    The author is a well known sports writer and Las Vegas insider. A
good popular introduction to sports betting with equal amounts of
information on betting terms, options, odds, and the like, various
considerations for each major sport; advice on handicapping based on
matchups, streaks, injuries and stat.s; history and color; and money
management. 
Manteris, Art, (with Rick Talley). "SuperBookie - Inside Las Vegas
Sports Gambling", Contemporary Books, 1991. IBSN 0-8092-4430-6 (cloth)
0-8092-3845-4 (paper)
    A good second book to read, after perhaps the Sugar or Orkin books
as an introduction, Manteris shares his observations as the Director of
the Hilton Race and Sports Organization...aka the SuperBook. Interesting
stories about the early days, why the house doesn't always win, how
point spreads are set and moved as a practical matter, how the house
calculates its take, scams, mob involvement (now mostly not) and more. 
Peter Asch and Richard E. Quandt. "Racetrack Betting - The Professors'
Guide to Strategies", Praeger Publishers, 1986. IBSN 0-275-94103-5 (paper)
    Written by 2 academics from Rutgers and Princeton, this book seems
to be a trustworthy analysis of betting at the horseraces. Included is
an overview and analysis of popular strategies, subjective and objective
analysis of available information and statistics, utility functions as
applied to the public and wagering behavior (important given the
paramutual basis of the odds), and the bottom line on some complex
systems by the authors, Ziemba, and Quandt which seem to actually work. 
Bob Carrol, Pete Palmer, and John Thorn. "The Hidden Game of Football",
Warner Books, 1988. IBSN 0-446-39091-7 (paper)
    While addressing sports betting only in passing, this book
concentrates on innovative methods for detailed sports statistics
analysis leading to accurate predictions. "Scientific" handicappers will
find this book very stimulating. 
Miller, Colonel J.R. "How Professional Gamblers Beat the Pro Football
Pointspread - a step by step textbook guide", Flying M Group, 1993. IBSN
0-9636500-0-9 (spiral bound)
    This is a self published specialty book available from Gamblers Book
Club or by mail order. While the quality of most spiral bound gambling
editions are suspect, this book is reasonably good. It provides a
detailed analysis of how a serious gambler factors in pointspreads,
power ratings, injuries, motivations, weather, and statistics to win
over the long haul. The section on money management should be taken with
a grain of salt, as it proposes flat betting as almost optimal, a
modified plateau system as even better, and the "Kelly system" as a
formula for disaster, in a rather unqualified way. 
Michael Roxborough and Mike Rhoden. "Race and Sports Book Management - a
guide for the legal bookmaker", (publisher not noted) 1991. IBSN
0-31-53873-6 (spiral bound)
    Written by "Roxy" Roxborough, the provider of the spread and other
services to most major sports books in Nevada via his Las Vegas Sports
Consultants Inc. This book covers in moderate detail the mechanics of
running a legal sports book, including setting and moving the spread,
various economic measures such as the handle and practical hold
percentage, overlays, parlays, limits, the law and regulations. 
Pascual, M. "Bankroll Control - the mathematics of money management",
(publisher not noted) 1987. No IBSN noted.
    While poorly published (xeroxed, white-out corrections, hand written
corrections and page numbers) this odd and perhaps difficult to find
spiral book is a treasure trove of practical analysis applying Kelly
betting to sports and racing gambling. Theory is light and presented
with (hand drawn) graphs where possible. The book presents a numerical
recipe approach to even complicated betting scenarios such as
simultaneous games, simultaneous single and multiple parlay plays,
win-show-place betting, and more. Also included are some useful tables
(variables include % of wins, number of teams, variations to include
parlays or not) showing optimal bets, risk and expectancy. Also included
are some program listings in BASIC for (now mostly obsolete) hand
calculators that may be useful as pseudocode.
    The cosmetics do not, however, inspire trust. It would be nice if a
r.g math weenie would review it. 
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