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Book reviews for "Betting" sorted by average review score:

Sharp Sports Betting
Published in Paperback by Pi Yee Press (September, 2001)
Author: Stanford Wong
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Average review score:

Sharp Sports Betting
I really found this book to be boring. I would recommend this book to a person who does not know anything about sports betting. This book is not for experts. To much basic stuff, like what straight bets, parleys, teasers, ect are. Three quarters of the book explains betting terms. The only one good thing I got from this book is the charts in chapter 13. I found these win loss charts against the spread to be great information. Everything else was weak. Do not buy this book if you are looking for ways to win. I could write a book that would help you do a lot better in handicapping then this book will. There are some great points in this book, but those great points come from other authors. The author gets most of his information from a certain website, so I guess you pay to find that sites name.

Emphasis on Statistics. Good for Beginner to Intermediate.
Sharp 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.

Some good information in this book...
Like the person before me I think Sharp Sports Betting is better for the beginning bettor. This is a pretty thick book which might make you think there is a lot about how to handicap your own games but there really is very little on that subject. The book deals mostly with defining types of bets and only really addresses football specifically. However, the reason I gave this 4 stars is because I liked the mathematical approach to prop bets. It gives you a really good way to figure out if they are worth betting on depending on the payouts by the sportsbook. Also, as another reviewer pointed out, the charts at the end were interesting and gives you a few good angles to bet on football. I would have liked to have seen more on handicapping though and less defining of terms and bets. Overall though, Sharp Sports Betting is a pretty good book. The information is current and also addresses things like internet betting, while providing some interesting websites.


Investing at the Racetrack
Published in Paperback by Simon & Schuster (Paper) (August, 1986)
Author: William L. Scott
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As good a strategy as any, but not really investing
IS THE PROGRAM IMPLEMENTABLE?
I bought this book back in the late 80s when I went through my gambling phase, trying horseracing and counting cards at blackjack (which btw actually works but you need to bet big money b/c the margin is so slim), among other things. I used to drive 20 minutes to buy the Daily Racing Form, come back to my house and methodically key in the race histories of the horses in that day's races, and this was back in the days of the Apple II computers when there was no Internet. I wrote a spreadsheet program (in Lotus 1-2-3, remember that?) that took the data, applied the formulas and concepts in this book, and spit out what bets I should place on each race.

Well, nowadays the Daily Racing Form has all of its data available for download in spreadsheet format so if you have some decent MS Excel skills, the number crunching process can probably be accomplished quickly in the morning, allowing ample time to get to the track (I haven't actually downloaded the DRF's data, lest I slip back into my gambling phase, which I'm happy has passed).

DID IT WORK FOR ME?
Yes it worked for me. I crunched the numbers, followed the betting rules pretty much to the letter, and overall had a positive outcome over the course of 8 to10 race cards. My rate of return (net winnings/total bets placed) was pretty low, but it was positive. The system itself is very easy to implement if you can automate the data entry and calculation part of it. If you can automate that through DRF Online, the tweaking process afterwards is pretty easy and can be done at the track. Those that can do math in their head quickly and well (and think in fifths and fractions) may actually be able to pick up a DRF at the track early and get the crunching process done in their heads. For everyone else (like me) that can't do that much math in your head (say within the 15-20 minutes between each race), the system is a little overwhelming and the principles can only serve as a guideline then.

WOULD YOU WANT TO IMPLEMENT IT?
Should you be able to "invest" money at the racetrack and expect a certain rate of return? Well, let's examine the traditional investment - stocks. You should expect a positive rate of return from the equity market (over time) because you are lending money to others who take that money and invest it in a productive process that adds value. How about card counting in blackjack? Yes, you should expect a positive return when counting cards in blackjack - the odds are slightly against you without counting cards (and following the "optimal" hit/hold strategy), but altering your betting scheme and hit/hold strategy based on face cards left in the deck has been mathematically proven by IBM mathematicians (and others after them) to allow the player to have the statistical edge on the house (see "The Worlds Greatest Blackjack Book"). So then horseracing? Races are determined by the events primarily within the power of dumb (and I mean that in the biological sense) animals, with intervening events like weather, race fixing/throwing, injury, jockey error, etc. Barring your knowledge of non-public information like a jockey's intent to throw a race, there are no theoretical or mathematical reasons why you should be able to make any money (especially not counting the house fees you are paying) betting on horses. The pari-mutuel system reflects the collective public knowledge of those betting - it's not enough to simply choose the horse that will win (or place/show), you also have to choose the horse with more consistency than your fellow bettors.

BOTTOM LINE: If you want to have more fun at the race track and have a more structured approach toward horse selection and betting, this is a great book. If you are looking for the next best handicapping strategy, please get some help at GA, really.

Easy Reading
Simply put, this book actually does what it says. I won't go so far as to say that it is safer than the stock market. I will say that after reading this book and studying the formulas, that I had the same results (or better) when I took a vacation and spent 2 weeks actually betting at the track, than the author did during his week at the track that he describes in his book.

The book tells you how to figure out the speed, endurance and stamina of a horse to see if he has what it takes to be up at the front when the finish line comes rolling around. I have to say that even if you don't believe what he is selling, and even if you don't follow all his little rules, the major tips he gives you in this book will definitely help out the novice handicapper and make a day at the racetrack much more fun. I mean why not, winning money is more fun than losing money. Right?

My average was on $20.00 bets. I made $70.00 per day per track bet. My worst day I lost $80.00. My best day I made $700.00

Good Luck

Can playing the ponies be viewed as an investment strategy?
The author's premise -- that placing bets at the horse track can be as reliable as investing in the stock market -- may be a bit hard to swallow at first... but handicapper William Scott makes the concept appear quite plausible. Scott shows a refreshing willingness to break with established traditions as he provides the racegoer with a well-explained handicapping method that attempts to remove "luck" from the equation.

Readers new to racing will gain valuable insights into the science and art of the sport, while experienced bettors will appreciate the fresh perspective on the "accepted" methods of rating horses and their past performances.

The methods detailed in the first half of the book are explained in easy-to-follow detail, supplimented by charts reprinted from various regional editions of the bible of the racing industry, the "Daily Racing Form." While the examples and calculations are explained in easy-to-understand terms, Scott never talks down to his audience -- even the experienced horseman won't be bored. The last half of the book, which shows Scott's methods in use in each race over a typical week at Belmont, serves to cement the lessons learned.

Experienced handicappers may shudder at some of Scott's play-it-safe suggestions, and businesspeople with their 401(k) statements may roll their eyes at the idea of blowing money on the ponies, but both should put "Investing at the Racetrack" to the test. After all... it's only money...


Basics Of Winning Horseracing
Published in Paperback by Cardoza Pub (October, 1994)
Author: Whitney Cobb
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A very good book for the beginner.
The book provides a great amount of beginner information, for someone who has no knowledge of horseracing. Not for the advanced horseplay.


Beat the Sports Books: An Insider's Guide to Betting the NFL
Published in Paperback by RGE Publishing (01 August, 2001)
Authors: Dan Gordon and Gordon Dan
Amazon base price: $29.95
Average review score:

How to Handicap NFL Games
Whether this book would be helpful to you, the potential NFL bettor, depends largely on what kind of information you are looking for. Beat the Sports Books is primarily devoted to teaching the reader how to handicap his/her own NFL games -specifically, how to make your own lines. The author, Dan Gordon, has over 20 years of experience handicapping and betting on NFL games and gives the reader the benefit of this experience. He explains, in considerable detail and with many examples, how to calculate your own lines and power rankings and how to determine which bets are worth making. This is an in-depth course in line-making and takes concentration and persistence to fully absorb. The author also devotes one chapter to pointers for betting at different stages in the NFL season, which is simpler and might be worth considering even if you don't intend to make your own lines.

62 of the book's 165 pages are appendices. Appendix 1 follows one NFL team through an entire season in order to illustrate the finer points of calculating a team's power ranking over the course of a season. The second Appendix contains a full season (1996) of bets that the author made with explanations of why he made each bet. Included are some bets that he didn't make and reasons that he passed on those. The appendices could prove to be invaluable references if you intend to get serious about NFL betting, especially betting over the long haul.

There is some information in this book that is not about handicapping. The title of the book's first chapter is: "How Pro Football Is Bet and How the Point Spread is Set". It includes explanations of different kinds of bets (spreads, over-under, parlays, parlay cards, reverses, teasers) and explanations, with examples, of how the Las Vegas Sports Consultants set their lines each week. In chapter 2, the author goes on to explain how the media can affect betting, how touts work... These chapters contain a lot of interesting information that would be useful to both serious and casual NFL bettors.

Beat the Sports Books is really dedicated to teaching you how to determine what bets to make. There isn't much advice on precisely how to place those bets beyond the author's emphasis on trying the get the early lines and shopping for a fair price on your bet. There are no lists of sports books or internet casinos or instructions in how exactly to communicate what you would like to bet once you've found one. The information in Beat the Sports Books would seem to be intended for the relatively experienced bettor.

I'll risk repeating myself here, just to be clear: Beat the Sports Books is a lesson in handicapping NFL games with an overwhelming emphasis on making your own lines. Dan Gordon provides the reader with detailed instruction in the methods that he uses to calculate lines, based on over 20 years of experience as an NFL bettor. There is relatively little advice on other methods of handicapping. If you would like to be able to calculate your own lines in order to exploit the errors of the lines the sports books use, this is the book for you!


Betting to Win on Sports: Wayne Root on Risk
Published in Paperback by Bantam Doubleday Dell Pub (Trd Pap) (October, 1989)
Authors: Wayne Allyn Root and Wilbur Cross
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Average review score:

a gamblers DELIGHT!
MANY YEARS AGO I PURCHASED THIS BOOK...BASICALLY ITS ROOTS PHILOSOPHY ON GAMBLING. HE GIVES SOUND ADVICE, THEORIES, AND WHAT WERE ONCE CURRENT TRENDS....ITS AN EASY READ AND A GAMBLERS DELIGHT, BUT ITS NOT A BOOK ABOUT ANYTHING ELSE..SO SPORTS BETTING MUST BE YOUR CUP OF TEA..


Commonsense Handicapping: The Logical, Left-Brained Approach to Winning at the Races
Published in Hardcover by William Morrow (June, 1993)
Author: Dick Mitchell
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Average review score:

Completely changed my approach to handicapping.
Dick Mitchell's book is a very good read. He shows how to choose the logical contenders in a race as well as eliminate the false favorites. This alone can swing your profit margin way up. He explains the importance of pars and track profiles. Some of his automatic throw outs may seem in contradiction to everything you previously learned, but after you try them you will be amazed as to the accuracy of these few tips. The information learned from this book when used in conjunction with the Gordon Pine par times has greatly increased my bankroll.


The Complete Book of Sports Betting: A New, No-Nonsense Approach to Sports Gambling
Published in Paperback by Lyle Stuart (April, 1996)
Author: Jack Moore
Amazon base price: $14.95
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Average review score:

Good primer.....although his "Blindfold Method" is a joke
The first three quarters of the book offer a highly entertaining and educational overview of sport betting. Moore takes the reader through all of the various types of bets and thoroughly explains how the odds for different sporting events are expressed (e.g. money line, point spread, etc.) He also defines much of the lingo in sports betting and devotes an outstanding chapter to the subject of examining (and debunking) many popular misconceptions.

However, Moore's betting system (the "Blindfold Method"), which he uses the last quarter of the book to unveil, is amusing at best. His theory, which suggests that bettors can exploit "soft lines" between different bookmakers, assumes that significant variations in odds can be found regularly ("one or two games per week"). In practice, this does not occur. Most bookmakers are well aware of the Vegas line for all sporting events and manage their betting imbalances by using "lay-off" operations instead of simply changing their lines (a fact completely ignored in the book). As with all betting systems, it is worthwhile to wonder why the author is writing about them instead of using them to make untold millions. For those that do put their faith in Moore's system, the "Blindfold Method" could not be more aptly named.


More Basic Betting: Programming to Win
Published in Paperback by St. Martin's Press (March, 1985)
Authors: James Jasper and Jim Jasper
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Average review score:

Very Good Book Combining Sports Betting and Computer Program
I am a programmer as well as a sports bettor and this book is right up my alley. The book is very well written. He gives many sports handicapping programs in BASIC for baseball, football, basketball, horse racing and dog racing. Unfortunately, although the programs are written in BASIC, they are written in a version that is outdated on today's Visual Basic compilers. Unless you know Visual Basic down pat, you will not be able to use the programs. I liked the book a lot and wish Jasper could have written follow ups. But I am glad to have this one. His sports betting books are the best ones of the genre!


The Odds on Your Side: The Logic of Racetrack Investing
Published in Paperback by Cynthia Pub Co (September, 1987)
Authors: Mark Cramer and Dick Mitchell
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The definitive book on odds-line making
Mark Cramer, The Odds on Your Side (Cynthia Publishing, 1990)

Widely regarded as the definitive book on setting an odds line in your Thoroughbred handicapping, and for good reason. Cramer, who's authored a number of excellent handicapping tomes, spends a couple of hundred pages on the concept of value and how to achieve it. His greatest strength is his simple asserion, backed up with a number of examples, that there is no mechanical formula to be used; it's different for every race. He illustrates handicapping as art, rather than the handicapping-as-science approach used by many other books. Definitely a work that belongs in the bookshelf of every horseplayer, casual or serious. **** 1/2


John Patrick's Sports Betting: Proven Winning Systems for Football, Basketball, and Baseball
Published in Paperback by Lyle Stuart (December, 1996)
Author: John Patrick
Amazon base price: $17.95
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Average review score:

Worst sports betting book I've ever read!
Apparently, Amazon.com has some sort of private agreement with the publisher, as the first review that I wrote has been censored. This "book" is without merit. Two thirds of the content is filler - useless anecdotes that won't lead to putting any money in your pocket. The money management "system" proposed by the author is statistically unsound. If you want a solid sports betting primer, pass on this title and buy "The Complete Book of Sports Betting" by Jack Moore. For more in-depth info, obtain any work written by Bob McCune other than the "Gambling Times" book.

Kudos To A Well-known Professional
If you're looking for "get-rich-quick" systems on sports betting, then look elsewhere (and you'll be looking for a *long* time, too!). But, for the average income gambler like myself, you'll make good use of the author's betting theories, money management and discipline guidelines. Filled with dozens of examples, John Patrick's book on one of the most popular forms of gambling explains how to manage your money and turn a profit simultaneously at this exciting game of chance. Read it, digest it and follow it. You'll be glad you did.

If you bet on sports, buy this book
This is the first of John Patrick's books I have read. From other comments, you either love or hate his writing style. I think he is hilarious while also very informative. All I have to say about this book is, betting with the money management ideas he presents, I ended up positive where I have so many times previously ended up negative on the same number of wins. If you bet on sports, buy this book!


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