There are various ways you can learn about betting. You can just dive in – this method is the grittiest, as well as most expensive. If you don’t know what you are doing you’ll be cleaned out in no time. Another way to go is to listen to betting podcasts and take notes. While this is effective, you should know that it takes time, and podcasts can cover only so many topics.
This is where good ol’ freshly printed books come into play. Some are written by gamblers, others by statisticians, or simply people who decided to stay away from the game, but understand it well enough. We have searched around, and came up with some betting book titles you may want to check out.
Thinking, Fast and Slow, by Daniel Kahneman
This is one of those books written by someone who knows how people work, as well as what makes them tick. According to the writer, there is something more challenging than beating your bookie, or the odds. The real test of will is defeating your urge to act irrationally.
The theory is that bettors often neglect to take into account the likelihood of the outcome, and focus instead on how much money they might win or lose with their bet. Imagine, if you will, betting on dice, and someone in the back says: “Look, I know a die has six sides, I know that. But, I’m telling you that it will land on seven this time.” Amazing odds, but absolutely zero chance of getting it. The book will help you get control over your decision-making process.
Sharper: A Guide to Modern Sports Betting by Poker Joe
While Poker Joe obviously isn’t the real name of the author, they are a former professional bettor, and know the game quite well. The book offers some interesting insight into the problems of rookie mistakes, as well as those that even veterans make on occasion. It is also filled with challenges often faced by those who gamble for a living.
To be perfectly honest, when it comes to betting on sports, this book covers mostly NFL and NBA. Other sports are simply not on its radar. However, the general principles still apply, and having a deep understanding of math and statistics is certainly nothing to look down on. It is available on Amazon.
Lay the Favorite by Beth Raymer
This book is less about the advice, and more about what happens. Beth Raymer was originally a waitress, until she became a bookie’s assistant. Over the years, she acquired knowledge of how the business works and what needs to be taken into account.
While lighthearted (it has been praised as crazy, funny and witty), the book teaches us about keeping cool when you are winning or losing, and how to handle the pressure and high stakes that are the everyday part of a professional bettor’s life. It is a read many will benefit from, and we definitely recommend it.