Any recommended literature for newbie?

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  • frntsk
    SBR Rookie
    • 03-22-17
    • 1

    #1
    Any recommended literature for newbie?
    Could someone recommend any good literature about sports betting?
    I already read The Betting Industry to get overview and base for understanding the betting psychology, odds, and probabilities to win, and some strategies.
    Now I am looking for some deep insight into the psychology of trader, and also would like to read at least one real story about some sports pundit.
  • chargers4222
    SBR MVP
    • 01-16-10
    • 4702

    #2
    Here's the best tip I can give you: If the author of a book on the "psychology of a trader" had any real success with their own methodology, they would not be writing books.

    You have to figure it out on your own, game by game. It sucks, but that's the only way. There is no system, psychological principle, or otherwise that can help you win long-term.
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    • qwertvt
      SBR MVP
      • 12-04-09
      • 1419

      #3
      Whenever this topic comes up, Stanford Wong's Sharp Sports Betting is recommended. I have never read it but I think it is the kind of book you want.

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      • Buffalo Nickle
        SBR MVP
        • 11-12-14
        • 3228

        #4
        Sharper: A Guide To Modern Sports Betting is supposed to be solid and free on Kindle at Amazon.
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        • Waterstpub87
          SBR MVP
          • 09-09-09
          • 4102

          #5
          Anyone who deals with anything involving odds, gambling, trading, should read Taleb's book "Fooled by Randomness".
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          • qwertvt
            SBR MVP
            • 12-04-09
            • 1419

            #6
            Originally posted by Buffalo Nickle
            Sharper: A Guide To Modern Sports Betting is supposed to be solid and free on Kindle at Amazon.
            Downloaded this book the other day. It's a pretty good read so far.

            One thing I think that can help, or at least not hurt, is reading a book. Your able to make your own decision to its value.

            I don't trust programs and handicapping services that spit out projected winners.

            They usually don't fare much better than the public and you don't learn from the process.

            Regardless, thanks for the suggestion.

            Once I finish, I will take a look at Waterspub's suggestion.
            Comment
            • swishbg
              SBR Rookie
              • 03-30-17
              • 2

              #7
              Another vote for Sharper: A Guide To Modern Sports Betting - was very useful to me when I was starting out.

              Some other good ones:

              Wayne Winston: Mathletics
              Elihu Feustel: Conquering Risk
              Chad Millman: The Odds
              Comment
              • qwertvt
                SBR MVP
                • 12-04-09
                • 1419

                #8
                Originally posted by swishbg
                Another vote for Sharper: A Guide To Modern Sports Betting - was very useful to me when I was starting out.

                Some other good ones:

                Wayne Winston: Mathletics
                Elihu Feustel: Conquering Risk
                Chad Millman: The Odds

                Are the above recommendations listed in order of your preference?

                I want to get a jump on a new and improved spreadsheet for the upcoming football season.

                Thanks for the suggestions.
                Comment
                • Inspirited
                  SBR MVP
                  • 06-26-10
                  • 1787

                  #9
                  Originally posted by swishbg
                  Another vote for Sharper: A Guide To Modern Sports Betting - was very useful to me when I was starting out.

                  Some other good ones:

                  Wayne Winston: Mathletics
                  Elihu Feustel: Conquering Risk
                  Chad Millman: The Odds
                  Nice, I was about to come in and suggest those first two.
                  Comment
                  • CappinTerp
                    SBR Hall of Famer
                    • 11-26-09
                    • 9650

                    #10
                    Hands down the best, you will need to read it 2-3x before you can get it. It's not heavy reading.....but many say " it the best to learn about speculation of markets".....It a good story also!!...REMINISCENCES OF A STOCK OPERATOR....I Traded Bonds in NYC (institutional,$100 million a pop) we were the secondary market to distribute the Gov. debt...............Anyway I read this book once a year!! JUST READ IT!!.................................... ..................................GL
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