The Logic of Sports Betting
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(as of Nov 02, 2024 18:04:56 UTC – Details)
How do sportsbooks make their lines? Which types of bets are the best? Can you beat the house?
The Logic Of Sports Betting answers all these questions and more with a dash of humor and a whole lot of real talk about how it all works. Peek behind the counter and learn how sportsbooks operate. Combine that insider knowledge with why-didn’t-I-think-of-that sports betting logic, and you have the winning formula.
Ed Miller is a best-selling (over 300,000 copies sold) author of books on poker and gambling. This is his first book on sports betting, but maybe his favorite book to write so far.
Matthew Davidow is a sports modeler, using proprietary methods to beat major sports betting markets for over 15 years, and co-founding two leading private sports analytics firms along the way.
What people are saying about The Logic Of Sports Betting:
“Matt and Ed are two of the smartest minds in sports betting.” (Rufus Peabody, professional sports bettor)
“As a sportsbook employee for 30-plus years, I find it difficult to read or watch anything about sports betting. But I could not put The Logic Of Sports Betting down. It’s that good.” (Robert Walker, Las Vegas bookmaker)
Customers say
Customers find the book very informative and a great introduction to the thinking of a sports bettor. They say it does a good job showing everyone the secrets. Opinions are mixed on the writing quality, with some finding it easy enough to understand, while others say it’s poorly written and verges on unreadable.
AI-generated from the text of customer reviews
Vm –
Great intro to booming business
I have dabbled in poker. I am now at the point where I win any home games, and could probably do okay at the local casino. A large part of this was the foundational knowledge from Ed Miller’s earler poker books (have not read the ones from the past few years).So, I am seeing great offers from the on-line casinos for sports betting now. This is similar to what was offer during the poker craze many years ago. How to take advantage? I looked around for a book. Picked up a couple and they were crap.’This book is a great introduction for a beginner like myself into sports betting. Sure, I followed sports and thought I knew what I was doing. I have always done well at the football pool at work. Nope, I didn’t know what I was doing, and was merely lucky. This book gets into what you HAVE to know to have a chance at winning at gambling on sports, consistently and over the long term.However, it is not like you are given the keys to a car and can drive it away. This book suggests, to me, that you have to start modelling to choose winners. At least that is my take away. This will be hard work.It starts with a mathematical description of how to convert the odds that are given to the percentage of times your pick has to win to make money. THis is fundamental to a better understanding of what -110 means. For someone in the business, sure this may easy, but it was hard for me, as a beginner in the area. The hold is a crucial calculation which you have to be able to calculate. Then it helps you understand the market you are betting into. Then he finally gets into how to win , and exotic bets like prop bets and parlays.As he outlines, there are reasons to believe there are some good deals out there for sports bettors. If you want to get into the area, you would be wise to read this book.
Elihu Feustel –
Mandatory reading for beginner to intermediate sports bettors
The Logic of Sport Betting teaches concepts of how to win with perspectives that have I have never seen published before. How does a Sportsbook generate a line for a given market? Looking at that process, you can identify when and what will be easiest to attack as a sports bettor. The process explains why it is nearly impossible to win at the NFL betting 30 minutes before a game starts, and which markets are easiest to beat. The math isn’t too heavy, but enough to teach basic concepts you must know to have a chance. What is a break-even percentage? How do you calculate a theoretical hold on a multi-way market, or a synthetic two-way market? Why do players lose so much on parlays (it isn’t the hold)?In addition to the process, this book teaches about the markets. What do different line moves mean? What types of market moves warrant betting more (or less)? Much of the book focuses on helping you understand the operation of a sportsbook, and the inherent weaknesses it has. If you see the enemy as they see themselves, you will better see and understand glaring weaknesses in what they do.The final section includes bread and butter things that winning players know and do. How can you best exploit a Sportsbook’s marketing (e.g., bonuses and other offers)? If you have exceptional information or an angle, how do you best use it to make money? How can you lower the market’s theoretical hold? When do you often see big value in derivatives and props?This book alone won’t make you a winning player, but it is a major stepping stone towards winning. If you are a losing player, there is a lot you need to learn from this book. If you are a winning player, it might make you think in more depth about (possibly incorrect) assumptions you have made. I gave this book 5 stars because it offered a lot of information I have never seen published, it was coherently themed to elevate players, and it was extremely well written and edited.
Tom Barrister –
Not a “how to” guide.
The book deals with some of the realities of sports betting and offers suggestions on how to win. This is not a get-rich-quick book, nor will it give you a workable methodology to automatically win. No such book exists, in my opinion.I generally buy such books in the hope of gleaning something that will be of use in everyday play. I found two such nuggets of information, and it’s likely that you will, as well.
MikeL –
A great intro to sports betting and more!
I have to admit I’m not a sports bettor, but have been interested in the process behind it and wanted to see how that process of finding good bets could help me out in picking good investments. I can say that this book delivered in a BIG way!Not only did the author go over a process that made him a success, but a lot of the theory behind *why* he placed bets were the same as why one buys securites: You spot a mistake in the pricing that makes the bet (trade) attractive. In fact the BIGGEST takeaway from this book was the phrase “Bet the mistakes!” If you get nothing else out of this book, you have got your money’s worth, as it is the key to profitable betting and trading.If you are wondering how anyone can beat the games (or markets) then this book should be your FIRST step!
ezrbt –
Not much practical value.
The headline says it all. The game is rigged.
John Reid –
This book is great for explaining the basics of getting started and understanding Sports handicapping
Rob Sedgwick –
Everything in this book is American, the sports, the markets and the odds. I don’t bet on these markets much, and I don’t use US sportsbooks. The book was also written some years ago. All that said, there’s still enough generic information to make it a great book today for me. There’s plenty of ideas in there you can extend to your own situation.
emed0s –
The book offers a good description of how the bets market is formed, from the very basic definitions to the processes that generate a price. It doesn’t pretend to offer any special knowledge (i.e. magic formulas), it explains the risks and it doesn’t make any promises.
Manuel Varela –
Interesting book on how the market of sports bets works, but you won’t find any tips of how to make right bets, better look somewhere else
Jeaanno –
Comme tous les livres de Ed Miller, celui-ci est extrêmement clair et bien expliqué.Etant complétement néophyte, j’ai compris les mécanismes des paris sportifs, même si cela s’adresse surtout aux types de paris US avec des types de paris qui n’existent pas en France.Je recommande ce livre àtous ceux qui veulent comprendre ce qu’il y a derrière chaque cote.Merci Mr Miller.
Paul (verified owner) –
Good quality.
Hayden (verified owner) –
Good service.
Camden (verified owner) –
Good quality.
Zane (verified owner) –
Very fast delivery.
Nolan (verified owner) –
Good service.