There are many different ways to approach sports betting, and the more I delved into it, the more interesting and challenging I found it. Or you can approach it from the point of view of a scalper or middler. There are numerous ways to attack the sports betting market and find positive EV. That article, on the analysis of a Super Bowl prop, is the foundation for chapter 12 of this book. I enjoyed writing the article as it forced me to focus on a specific topic and explore it in-depth and from different angles.
After a few months of writing articles, I started thinking about writing a book, the book that you now are reading. I knew I had to make sound logical arguments if my writing were to be published. But I was also prepared for the possibility that someone might catch an error, which actually did happen with that first article. I did not mind being corrected since learning from my mistakes allowed me to improve both my writing and my own betting. The same logic applies to this book: If you find an error, please tell me about it.
I am both a sports bettor and a writer, and willing to improve in both endeavors. I wrote this book is to satisfy my own ego. There are few good books on sports betting, so my contribution to the literature will be more significant than a similar effort in another field. My enjoyment of the writing process and my ego outweigh the possible negative EV in writing the book, thus making it positive EU expected utility for me.
I enjoy following, betting, and thinking about sports more than I enjoy following stocks, thinking about interest rates and trading in the financial markets. I would rather analyze how Alex Rodriguez will perform in his next playoffs given his poor past performance than how PAC IOs will perform given an increase in mortgage refinancings. I would rather evaluate how often a baseball team is expected to win by more than 1 run given certain variables than evaluate the skewness of an out-of-the-money put in the Pharmaceutical Index.
I would rather compare the relative strengths of the Colts and Patriots when playing on a cold November night in New England than compare the relative differences in volatility, skew and kurtosis between the SPX and NDX indices. Making money in sports betting is just as challenging as making money in the financial markets.
My enjoyment of sports made it easy for me to choose sports betting over trading in the financial markets. Being my own boss, waking up when I feel like it, watching tons of baseball, basketball and football games and traveling frequently to Las Vegas all helped tip the scale towards sports betting. You probably have similar interests in sports if you are reading this book. I view and explain the sports-betting market as if it were a financial market by applying skill sets from my background in derivatives trading.
I wrote this book from the perspective of a trader and a bettor, not from the perspective of an academic researcher. Conclusions reached by research of historical sports data are results from limited sample sizes. The smaller the sample size, the less reliable the data are in predicting the future.
On the other hand, results from large sample sizes are well known and usually embedded in betting lines. Bettors who do a good job interpreting data from small sample sizes have an advantage. While reading this book, be aware of the sizes of the samples. The smaller the sample size, the greater margin of error you should associate with the results.
The larger the sample size, the more you should expect the results are already reflected in betting lines. Taking bets on sporting events is illegal in most states in the United States. Making bets seem to be in a gray legal area. With that in mind, this book is geared towards betting in Nevada, especially Las Vegas.
If you live in a country where sports betting is legal and socially accepted, consider yourself lucky.
You are more likely to get paid on a winning bet made in Nevada than anywhere else. The industry is regulated in Nevada, and there is an avenue for you to voice grievances if you feel the sportsbook has treated you unfairly. Justice may not be served all the time, but it is better than wondering how to get your money back from a tiny outfit in the Caribbean Islands.
Any wager that is made in Nevada cannot be retracted by the casino once the bet is made. This is not the case in other places, where sportsbooks sometimes cancel wagers after they are made if they feel they put up a bad line. Some notorious Internet sportsbooks have canceled wagers after a game was played, presumably due to having a big imbalance of action and their side losing! Nevada is the safest place for sports bettors. Some of the tables in this book might be images, which cannot be read as text. If you want to access those tables in a format that can be read as text, go to:.
This chapter goes over some basics of sports betting. All sports bettors should know the information in this chapter. You are in the supermarket shopping for bread. You see two brands that you like equally, but one is cheaper. You decide to buy the cheaper one. You have just made a decision by comparing the expected value of the two brands of bread. You are driving on a highway during rush hour.
Your lane seems to be going slower than the lane to your left. The first chance you get, you switch over to the left lane so you can get home faster. You have just made a decision based on the comparison of the expected value of the two lanes. You are at the sportsbook watching a game and the first half just ended. One team is playing without emotion and you think that will be the cause of their downfall in the second half.
You decide to make a second half bet against the emotionless team based on your gut feeling. Right or wrong, you have just made a decision based on the perceived expected value of the teams. Expected value is a concept that all people use in their daily lives, sometimes without being conscious of it. Whenever there is a choice, expected value can be useful in making a decision.
It also covers all of the other fundamental topics that introductory books cover. Focusing on low-limit play, the author gives basic instruction on how to play the game and strategies that work. This book reveals the techniques that professional poker players use to win consistently. Some topics covered: how to recognize and capitalize on betting patterns, how to develop a profitable table image, advanced bankroll management techniques, why folding more can lead to winning more, why women have an edge, and how to choose a table.
Mike Caro's advice covers every aspect of hold'em, specifically: psychology, reading opponents, advanced moves, professional techniques, internet poker, and tournaments. This book presents critical principles for expert play: preflop hand valuation, domination, betting for value, protecting your hand, semi-bluffing, pot equity, pot odds, implied odds, free card plays, the importance of stack size, why chips change value in tournaments, and much more. This book is for limit, no limit, or tournament hold 'em. Included: mastering your perfect poker face, bluffing,.
This is Phil Gordon's book of poker knowledge and wisdom based on 15 years of notes about No Limit Hold 'Em and the players that he played with, including T. Cloutier, Phil Ivey, and Ben Affleck. Phil Gordon shows players how he applied his theories to actual hands he played in cash games. Popular poker author David Sklansky and poker authority Ed Miller explores important concepts about no limit hold 'em tournaments, like: manipulating the pot size, adjusting to stack sizes, reading hands, implied odds, optimal bet-sizing, and playing with a short stack.
This book teaches advanced no-limit strategies, like: how to size your bets, manage the pot, manipulate your opponents, know when to go all-in, avoiding making big mistakes, and stack-to-pot ratios. The Next Level by Bruce Winter will tell you how to improve your game using the author's mathematical and analytical approach. The book covers no-limit strategy by commenting and different hands.
This is one of the weaker books on the market.
ISBN 13: 9781416927198
The tips and advice in this book will give you the edge at low and medium-stakes no limit hold 'em tournaments and cash games. Some of the topics: real life hand examples, conservative and aggressive poker play, changing gears, early, mid and late-stage no-limit tournament strategy, how to bluff, and how to read your opponents.
Written by John Vorhaus, this book is from the popular Killer Poker series of poker books. It teaches strategies and gives advice for no-limit cash games and tournaments. This book teaches no-limit hold 'em players how to improve their play at low-limit cash games. Among the strategies: how to play against different types of players, how to figure pot odds, when to draw, when to bet enough to discourage draws, and when to get involved in big and small pots.
In this entry to the World Poker Tour series of instructional books, former poker champ and spokesman Mike Sexton outlines winning strategies for No-Limit Texas Hold'em. It covers: how to read players, raising the pot, online play, profiles of WPT champions, poker history, and behind-the-scenes anecdotes from the WPT. This book in the "Kill" series teaches beginners and professionals concepts and advanced strategies for multi-table tournaments, sit-n-Gos, and satellites.
Among the topics: folding equity, strategies for the bubble, the end-game, and heads-up play, and short-stack cash games. This book contains 52 tips that will improve your no-limit hold'em game. The advice focuses on situational decisions where a player needs to take into account such as: what the other player has, who the other player is, and relative stack sizes in order to know how to adjust your play to those situations.
This book, at over pages, teaches you that the key to beating low-stakes, no-limit cash games is to play a dominating style of poker. This somewhat-generic book on no-limit teaches basic concepts like: the importance of planning ahead in no-limit, switching strategies, the differences between deep-stacked and short-stacked play, and bet sizing. This book covers all aspects of small buy-in, no-limit hold'em games, including: understanding your opponents, pot odds, betting the proper amount, your mental game, bankroll considerations, and how to beat the rake. This book teaches general theories and how to succeed at different forms of pot-limit or no-limit poker, including: holdem, Omaha, lowball, and seven-card stud.
Cloutier's helpful guide to winning no-limit hold'em tournaments. This book offers basic introductory and advanced concepts and strategies for various pot-limit hands, as well as some mathematics and odds. This book teaches you to be a winner at small stakes games by teaching the aggressive style used by professional players.
You will learn, with the help of examples, about all of the critical topics, such as: implied odds, pot equity, speculative hands, position, suited hands, hand categories, counting outs, evaluating the flop, large versus small pots, protecting your hand, betting for value on the river, and playing overcards. This book teaches low-limit players the strategies needed to win big money in these games. Winning Low Limit Hold'em is considered the best book to learn how to play low-limit Texas hold 'em. The new and expanded edition includes coverage of online poker and no-limit hold'em single-table tournaments.
You'll learn the basics of play, the rules, starting hands, position, the proper times to check, raise, fold, and check raise, when to bluff and semi-bluff, and bankroll requirements. This book, written by popular author David Sklansky, was one of the first really useful poker books to come onto the market. Some of the topics discussed include: starting hands, semi-bluffing, the free card, inducing bluffs, playing draws, playing when a pair flops, playing trash hands, desperation bets, playing in wild games, reading hands, psychology, and short-handed games.
The book analyzes over hands, most taken from actual play. Advanced Limit Hold 'em Strategy gives a clear presentation of analysis and concepts of how to play and win middle limit hold'em games. Some topics: hand selection, playing from the blinds, isolating, when to raise, when to check-raise, when to bet out, and when to delay raising. Johnny Chan teaches all of the important concepts relating to limit hold 'em: playing the blinds, the importance of blind structure, avoiding traps, value betting, getting maximum value from hands, slowplaying big pairs, being aggressive, playing weak hands, making tough folds and tough calls, getting and avoiding giving free cards, continuation bets, isolation plays, defensive play, semi-bluffing, playing middle pairs, mixing up your play, and bankroll management.
The book is presented in a "test format", where readers choose the best answer to each question. All features of the game are discussed. This book is a comprehensive guide to the game of Omaha. Some topics covered: origins of Omaha, betting structures, reading the board, general strategy for all Omaha games from opening hands to post-flop play, hand quizzes, Limit Omaha High, Omaha Hi-Low, Pot Limit Omaha, tournaments, differences and similarities with holdem, and miscellaneous topics.
The book supplies extensive tables and raw research results forpoker players to study. In Farha on Omaha, Sam Farha and Storms Reback, a noted poker writer, offer beginners simple strategic tips that will help them become winnings at the three most popular forms of Omaha - limit, eight-or-better, and pot-limit- for both cash games and tournaments. This book teaches winning strategies for Omaha eight-or-better high-low split. Omaha is not a game that is understood very well, and books like this can help players profit from the widespread lack of knowledge. Popular author Ken Warren turns has written an easy-to-understand book for Omaha beginners.
This is a clearly-written book from T. Cloutier and Tom McEvoy that shows players how to play Omaha. IT covers: best starting hands, strategies for the flop, turn, and river, how to read the board for both high and low, dangerous draws, winning low-limit and high-stakes games and pot-limit, how to play against loose and tight opponents, strategies for re-buy and freeze-out tournaments. Best-selling author Shane Smith shows beginning and intermediate players how to win at Omaha high-low poker. The book covers: game rules, betting and blind structure, why play Omaha, the advantages of Omaha over Texas hold'em, starting hands, playing the flop, turn, and river, tournament tips, and more.
Topics include: hand selection, reading hands, trap hands to avoid, split pot misconceptions, common mistakes, and how to play the preflop, flop, turn and river. This book will teach you winning strategies at Omaha even if you've never played Omaha before. Key topics include: starting hand choices, playing draws, hand quizes, Limit Omaha and Pot-Limit Omaha.
This book teaches the fundamentals of hand valuation and then moves on to advanced concepts. Topics include: preflop hand strength, short stack play, wrap hands, blind stealing, marking aces, playing on the flop, good flops for bluffing, position, check-raising, pot size manipulation, blockers, and more. This is the first book dedicated solely to PLO8 poker.
It reveals the strategies that PLO8 specialists use to make money against players who don't know what they are doing. This book consists of fifty quizzes based on real Pot-Limit Omaha hands which the author has experienced. At the end of each hand, he explains the rationale behind his decision.
This book will tell you how to: when to raise with drawing hands, get your opponents to fold good hands, represent big hands, and more. Ace on the River by Barry Greenstein is a book that can improve the play of all players, from beginners to professionals. The book covers unique philosophies and topics from the world of poker such as: poker society, money management, family matters, and even sex. In this book, Phil Hellmuth attempts to spread some of his poker wisdom relating to: analyzing situations, learning successful poker strategy, reading other players, and online poker.
This is one of the weaker of the popular poker books on the market though. This book tries to shed some new light on some of the fundamentals like going on tilt, the importance of position and how to cash in on it, as well as other random topics. Mike Caro teaches the strategies, concepts and winning plays that make up the foundation of winning poker play. This book contains essays Mason Malmuth wrote from through , which are made to make the reader do a great deal of thinking about poker. Topics include: controlling tilting, marginal hands, bluffing, raising with suited connectors, keeping poker honest, reading hands, checking aces, and more.
Dave Apostolico's "Machiavellian Poker Strategy" shows you how to use Machiavellian's use of power to dominate at the poker table. This book contains essays written by David Sklansky about random poker topics that are essential to winning play, including: tournament play, having a plan, choosing your game, playing according to your bankroll, middle-round strategy, what your opponent reads you for, the protected pot, extra outs, and others.
In this new and completely revised edition, Amarillo slim teaches you how to win big. Among the topics: judging opponents, probability, betting, bluffing, and when to pick up your chips and go home. Originally published in under the title According to Doyle, this book is a collection of short stories of random anecdotes. This book is fine for beginners but any experienced poker player will be disappointed.
In this book, Phil Hellmuth shares some of his most memorable hands from the tournaments he has played. This book teaches you how to develop the mindset needed to become a winning player, which means doing constant self-evaluation and eliminating your leaks by using tools like a poker journal. The Poker Aficionado is a Book of Lists for poker fans. The author teaches players helpful techniques and strategies, like how to evaluate competitors and identify their tendencies as well as how to hide your own exploitable habits. The book also gives descriptions of all the standard poker games and their variations.
This book shows you the sixteen most common errors poker players make, and how to avoid them. It will help you find the leaks in your game and plug them for good. This book is for small stakes players looking to move up or intermediate players who are struggling. The book teaches how to read hands and opponents, calculate odds and outs, adjust to game type, and more. Another book that some pros consider the poker book ever written. Each author covers the essential strategies and advice in their specialties. The book covers a wide variety of games, including: 7-card stud, draw, lowball, razz, high-low split, and hold'em.
Super System 2 brings together the greatest poker players and theorists to expand on the original book with new strategies, new concepts, new games, and new authors.
More by Phil Gordon
Some of the specific topics discussed are: the value of deception, bluffing, raising, slow-play, position, psychology, heads-up play, game theory, implied odds, free cards, and semibluffing. Many players consider this the best book ever written on poker. World Series of Poker champion Johnny Chan teach beginning and intermediate players how to become an expert. All of the popular casino poker games are covered. Players learn key concepts like: being aggressive, creating fear at the table, reading tells, analyzing opponents, mastering the art of deception, playing position, and more.
This poker book is a collection of articles about the different skills needed for success at poker. Several different games are reviewed, including: limit holdem, no-limit holdem, and pot-limit Omaha. This book is for low-limit and beginning 7-card stud players. Among the topics: correct betting, spread-limit and fixed-limit game, starting hands, 3rd-7th street strategy, overcards, selective aggressiveness, reading hands, psychology, and more. First published in , this book covers: the cards that are out, the number of players in the pot, stealing antes, playing small and medium and big pairs, playing three-flushes, playing three-straights, randomizing your play, fourth street, pairing your door card on fourth street, proper play on fifth, sixth, and seventh streets, defending against ante steals, playing against a paired door card, scare cards, free cards, loose games.
Ashley Adams shows players how to play a tight, aggressive game by explainging which starting hands you want to play and how to play them on each of the ensuing streets. He also shows advanced techniques players can use after they learn basic strategy. This guide shows beginning and low-limit players how to play 7-card stud.
Phil Gordon's Little Blue Book by Phil Gordon, Chris Ferguson | Waterstones
Topics include: and basics of play, to how to play 3rd-7th streets, low razz and high-low variations, starting cards, position, which hands to play to the end, raising, check-raising, tells, game and seat selection, odds, keeping records, bluffing, reading hands, psychology, and more. This book by Roy West is targeted to low- to middle-limit 7-card stud players and presents 42 lessons for reads to learn. The first half of the book is related to 7-card stud. The second half of the book is split between general poker advice and the advice from Tom McEvoy about Stud tournaments. This book is one of the few resources dedicated to Razz poker.
The book reveals strategies that are based on probabilities, hand simulations and actual play. Some of the topics covered: a new starting hand point system, how to steal antes, strategy for 4th street and 5th street play, why 6th street is knowing the numbers , and when to call on 7th street. In Harrington on Cash Games: Volume I, Dan Harrington teaches the key concepts needed to be successful in cash games, including: starting hands selection, strategy for playing after the flop, the difference between playing against a single opponent versus multiple opponents, and more.
The second in Dan Harrington's series of poker books on cash games deals primarily with the turn and river, which are the two most difficult and important areas of play in a no-limit game. Antonio Esfandiari, a regular at the biggest poker game in the world at the Bellagio, writes this entry in the series of World Poker Tour instructional books, which focuses on Texas Hold'em Cash Games. This book teaches you how to dominate short-handed games. You will learn: strategies for 6-handed, 3-handed, and heads-up play, how to play every street, which limits to play, how to handle the mental aspects and cope with the swings, how to use poker software and stats to maximize profits.
Authored by 2 very successful online players "Stoxtrader" and "Zobags" , teaches that a tight and patient strategy doesn't cut it at shorthanded and high stakes games. This book addresses those games by looking at: pre-flop play, blind stealing, re-stealing, isolating a loose player, big blind and small blind defense, and blind versus blind play, and semi-bluffing. This book is dedicated no-limit heads-up play. You will learn how to master: expected value, equity, value betting, and the mathematics of heads-up strategy, play and exploit each of the most common playing styles, manipulate the pot size, attack limpers, bluffing, aggression, difference between cash and tournament strategies.
Paul Wasicka, heads-up champion, presents the theory of how to win heads-up games by learning: how to use aggression, how to play weak and average hands for profit, how to push around passive players, how to trap aggressive players, pot manipulation, attacking limpers, bluffs, maximizing your equity, playing short and big stacks.
Killer Poker Online, Volume 2 teaches more strategies to profit in online poker. Some of the topics covered: understanding and exploiting the weaknesses of online players, online-specific strategies, sit-and-gos, heads-up play, online cash games, and large-field online tournaments. Two-time World Series of Poker champion Scott Fischman, shares his expert insight, wisdom, and strategies for playing great poker, specifically online poker.
An overview of Texas Hold'em and general poker concepts such as: probability and odds, bluffing, raising and check-raising, free cards, slowplaying, and inducing bluffs and calls. You'll learn how to play on the Internet and the differences in strategies between Internet and live play. Performance Poker - No Limit! This is the first of poker great Dan Harrington's series of books about No-limit hold 'em tournaments.
This book focuses on the early and middle stages of tournaments when most players at the table have plenty of chips, and the blinds are small. Since it deals with pre-flop strategy, it tends to be a little formulaic and conservative. This is the second volume in Harrington's trio of tournament books. It shows you how to play in the later phases of a tournament, when the field has been cut down, the blinds are growing, and the prize money is within sight.
Harrington covers the more nuanced areas of strategy, like how to make moves, handle tricky plays, and heads-up play. Unlike his first two books, this one is more practice than theory.
It is devoted to hand analysis and Harrington walks you step-by-step through the decision-making process in dozens of hands. The Full Tilt Poker Strategy Guide is a collection of strategies from Team Full Tilt, whose members are the best and most famous poker players in the world. Three of the most dominant online players today - PearlJammer, Rizen, and Apestyles - reveal their decision-making processes using hands drawn from actual play. They teach you when to play aggressively or tightly, make moves or hold back, make continuation bets, induce and pick off bluffs, and how to accumulate chips without risking your tournament life.
In Volume 2 in this series, Pearljammer, Apestyles and Rizen show you how to play the final table.
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