Online sports betting is a market dominated by resources with differing opinions, tips and strategies. This can make it difficult for beginners to enter the field with a basic understanding of the fundamentals required to place bets on their favorite sports. Here is a breakdown of the 5 best sports betting books for beginners, written by experienced professionals who know how to make money in the sports industry.
Sharp Sports Betting by Stanford Wong
This highly-acclaimed book is widely recognized by betting enthusiasts for its attention to detail and mathematical approach. First released in 2001, Stanford Wong’s seminal textbook has been praised for its methodical explanation of rules and strategies, along with introducing mathematical formulas and ideas that caters to a wide-variety of different sports.
Weighing the Odds in Sports Betting by King Yao
King Yao’s 2007 release Weighing the Odds in Sports Betting, is a popular choice among betting enthusiasts. King Yao’s approach utilizes a broad range of technical fundamentals that lays the groundwork for many types of sports including NFL, football and much more.
Fooled by Randomness by Nassim Nicholas Taleb
Nassim Taleb’s work focuses heavily on helping inpiduals develop their own objective analysis, as opposed to sticking with ‘winning systems’ or tips. Taking influence from the finance industry and his own experience, his knowledge of probability theory, behavioural biases and basic statistics is worth investing the time into.
The Signal and the Noise by Nate Silver
With a background in baseball analytics and politics (most notably predicting the results of the 2012 US Presidential Election), Nate Silver delves deeply into the concept of predictive ability that provides a fascinating insight into its limitations and potential; both of which are vital sources of information for beginning betters.
Trading Bases: How a Wall Street Trader Made a Fortune Betting on Baseball by Joe Peta
Joe Peta’s fascinating transition from Wall Street trader to Baseball betting enthusiast, takes a narrative approach to sports betting textbooks. His journey is an entertaining mix of storytelling, baseball statistics and probability methods, making it an excellent resource for betting beginners.
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