Few people manage to make money from gambling, and fewer still make a living from it. Written for hardened and novice betters alike, Joseph Buchdahl's essential guide examines, through various numerical techniques, how fixed odds punters may learn to beat the bookmaker, protect profits through a sensible approach to risk management, and turn high-risk gambling into a form of low-risk investment.
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16 of 16 people found the following review helpful:
5.0 out of 5 stars
A must read before you start sports betting,
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This review is from: Fixed Odds Sports Betting: Statistical Forecasting and Risk Management (Paperback)
I have searched and searched for a book which describes how to generate a winning betting strategy. This book tells you about the reality of sports betting and not the fact that you will win 70% of your games. It is a practical explination of all the steps and mathmatical calculations to help you understand what sports betting is about. I wish I read this book prior to my first sports bet. It explains how to research the wager and all the backend work that you need to do to evaluate a value bet. If you wanted to understand the mathmatics behind the process of betting then this is the book for you.
13 of 14 people found the following review helpful:
5.0 out of 5 stars
Great book, not exactly what i was looking for though.,
This review is from: Fixed Odds Sports Betting: Statistical Forecasting and Risk Management (Paperback)
As a sportbettor for the better part of the last 8 years this book has more of college statistics text book feel to it.. I have a Bach in civil engineering and took classes covered these very same topics in great depth.. this book could be way over the heads of a lot of people with little to no statistical background.. i was dissapointed as it is mainly aimed to soccer and Money lines, which is hard to apply to my 2 most bet sports, (hoops and football).. i have been attempting to learn MLB and risk analysis of future wagers and this book has helped clear a few things up.. THIS IS NOT A HOW TO HANDICAP BOOK, but it does help you point out 'value' bets out, which should be included with capping a game... so in short if you love excel and statistics this book is for you.. if you gamble by feel or are just looking for a niche this book is not for you...Great data and usuage of stastical modeling
2 of 2 people found the following review helpful:
4.0 out of 5 stars
Good Basic Information,
This review is from: Fixed Odds Sports Betting: Statistical Forecasting and Risk Management (Paperback)
This is a good book to help you devise your own system and not necessarily tell you how to do it. It has very good discussion on bank roll management, and you can use this book to accentuate and validate a system you have devised yourself.
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