The Logic Of Sports Betting
by Ed Miller, Matthew Davidow · first published 2019
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The Logic of Sports Betting by Ed Miller is probably a good start. Parimutuel vs house odds is probably a good start in seeing how odds change in different types of markets. Monte Carlo simulations will be useful in coming up with…
on “Ask HN: How Can I Learn to Analyze Sports Statistics and Calculate Odds?” ↗…we need people to really understand Bayes theorem more than anything else. I agree. If you want to start your own education in how to bet a little smarter and lose a little less, I can recommend The Logic of Sports Betting [0] and its sequel Interception [1]. I also like Dan Abrams' book [2], that talks about expected growth, not just exepcted value. These are not get rich quick schemes, but it will give you an idea of…
on “Addiction Markets” ↗