The Best Books to Improve your Betting

It is clear that all the people should do all their best in order to improve their life. The same is applied to gamblers who are to look for new ways to make their betting more lucrative and exciting. Thus, certain betting books can be a perfect source of necessary information for this task. The given article provides us with reviews of five books that can be quite helpful for ordinary bettors.

Success Equation: Untangling Skill and Luck in Business, Sports and Investing (Michael Mauboussin)

The author pays attention to a fact that numerous sports world records were achieved in the previous century. With this, Michael wonders why these records have not been broken yet considering the fact that modern sportsmen are much more skillful than their predecessors were. The given phenomenon was called by him as the paradox of skill.

The book explains that sportsmen`s improved skills have resulted in more consistent performance. Moreover, the improvement refers both to top players and to those sportsmen who were said to be outsiders. Consequently, a gap between the most and the least skillful performers has narrowed. Everything mentioned above has resulted in the fact that luck becomes more important for an outcome.

The given book is equally profitable both for beginners and for the most sophisticated punters. It describes a role of luck in betting, but you should not also forget about statistical information that can allow you earning profits in a long run. Finally, the author presents some cautions concerning the given paradox. Since sportsmen are becoming more skillful, gamblers are said to face certain problems in order to achieve some successful results. In order to avoid such problems, you should obviously familiarize yourself with Mauboussin`s Success Equation.

What I learned losing a million dollars (Kim Paul and Brendan Moynihan)

Though this work actually refers to the financial market, it still can be perfectly applied to the betting purposes. It describes an emotional side of gambling, with the authors stating that our brain is naturally constructed to lose money.

The authors point out that analyzing betting wins and losses can be quite dangerous because all the bettors know that it is strictly forbidden to place wagers according to emotions, but a lot of them still do it rather frequently. The fact is that careful analysis makes us more nervous, and we try to improve our state of affairs with impulsive decisions, which must be avoided.

Market Wizards: Interviews with top traders (Jack D. Schwager)

Even despite such a fabulous name and a fact that the book is quite old, it still can provide us with useful information about the modern betting world. Actually, the book is a number of interviews of the best traders from different financial markets. With this, it helps people to understand what is happening in traders` minds when they make decisions.

Despite the exciting name, the content confirms that magic does not have any role in gambling. Any success can be achieved with the help of strict discipline, staking methods, and carefully developed betting strategies.

How to Find a Black Cat in a Coal Cellar: The Truth about Sports Tipsters (Joseph Buchdahl)

In the betting industry, tipsters are quite important, especially among beginner gamblers. That is why some experts conduct a review of them in order to help beginners and divest liars. Thus, Joseph Buchdahl is said to produce one of the best books in the given sphere because it offers the exhaustive information for those gamblers who have accustomed to relying on tipsters` services.

The fact is that the book contains a lot of statistical data based on careful analysis and mathematical formulas. Moreover, the author presents clear pieces of advice on how to find a reliable tipster and how to understand whether a tipster is a real professional or just a lucky man.

Trading Bases: A Story about Wall Street, Gambling, and Baseball (Joe Peta)

In the gambling industry, numerous bettors have come from different spheres due to different reasons. The same was with the present author who decided to become a baseball gambler after he had lost his job at Wall Street. The sport was chosen according to his personal preferences.

Utilizing his professional experience, Peta was looking for teams that were under/overvalued in order to build a strategy on them. To tell the truth, he managed to succeed in the given business obtaining decent benefits by the end of a single season. However, it is not an effective baseball betting strategy that makes the book extremely useful, but doubts that followed the author throughout the whole betting period and ways how to overcome them.

Final Judgment

As you can see, each of these five books can provide you with quite useful information in order to take the greatest advantages out of your betting. There are no doubts that reading these books can make you a professional punter.