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Fixed Odds Sports Betting: Statistical Forecasting and Risk Management, by Joseph Buchdahl
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Few people manage to make money from gambling, and fewer still make a living from it. Written for hardened and novice betters alike, Joseph Buchdahl's essential guide examines, through various numerical techniques, how fixed odds punters may learn to beat the bookmaker, protect profits through a sensible approach to risk management, and turn high-risk gambling into a form of low-risk investment.
- Sales Rank: #1474599 in Books
- Brand: Brand: High Stakes
- Published on: 2003-12-01
- Original language: English
- Number of items: 1
- Dimensions: .80" h x 5.00" w x 7.70" l, .45 pounds
- Binding: Paperback
- 224 pages
- Used Book in Good Condition
Most helpful customer reviews
3 of 3 people found the following review helpful.
Great for analysing your systems
By Paul Smith
This book is not going to tell you how to come up with a system to be profitable. Its not even going to give you many insights into how to handicap sports but it gives you the tools to know whether or not your current handicapping/system has an edge and whether it will continue. The book focuses on a lot of stastitcal analysis of your betting record as well as the best options for staking.
Well worth the read for those who are not knew to the game. Sophisticated punters will get something out of this but those new to the game will probably be a bit bamboozled and not appreciate the information provided.
Good Luck
0 of 0 people found the following review helpful.
Five Stars
By Jonathan Soh
super
0 of 0 people found the following review helpful.
A solid offering for the aspiring sportsbettor
By Andrew Student
A decent introduction to the concept of value betting. The focus is very much on staking strategies and little attention is given to rating systems. There is no discussion of weighing subjective evidence such as motivation or fatigue. Good use of simulation highlights the need to set stake size correctly in order to balance the desire for bankroll growth with the need to avoid bankruptcy. There is some decent material on overrounds in different markets and the it is the only book I've read that talks about finding 'arithmetic value' - comparing the odds against the market average. This is a useful book for the bettor who wants to take the game more seriously . I would like to give it four stars but it is not well-rounded enough for a general beginners guide and lacking in the modelling insights that could be useful to more experienced players. The author also has a tendency to write a paragraph when a sentence would have sufficed.
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