Reading has a vital role. Both Maria Konnikova and Daniel Negreanu do it. Everyone in M.I.T.’s notoriously renegade squad did it. You may feed your spirit and destroy the home all at the same time. We have compiled a list of the 8 best books about gambling, poker, and sports betting, and presented them below.
- Bringing Down the House
This story recounts the actual tale of a professor and his students who, armed with a count-carding approach, managed to bring down the house of cards at a casino.
Thanks to their ingenious “spotting” technique, the M.I.T. Blackjack Team was able to win almost $10 million by anticipating when the decks would be “ready” for counting. Because it combines tales with scientific facts, this gambling book is one of our favorites.
Ben Mezrich has been faithful to the original narrative, adding just the odd joke to keep it interesting. This book will provide a detailed account of how math whiz kids overcame the house and maintained their dominance for years.
- The Biggest Bluff
Specifically focusing on poker players, “The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win” delves into the mind of a gambler. The work of author and psychologist Maria Konnikova provides a window into her ability to utilize psychology for both describing and predicting human behavior.
Konnikova demonstrated that it is feasible to have better knowledge of the gambling game she concentrated on—poker—by writing an account of what it means to be a participant.
After that, she won more than $311,000—and that figure is growing monthly as she keeps winning at live poker tables. Concurrently, she maintains her careers as a writer, researcher, and psychologist. She has a few pastimes, poker being one of them.
“The Biggest Bluff” is an engrossing account of a woman’s rise from a poker newbie to one of the game’s most feared female players.
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- Fortune’s Formula
Numerous things have brought fame to the Bell’s Telephone Company. It was in the 1950s that the first silicon solar panels were made, and it was based on Einstein’s famous theory that light can generate power. Its successor, AT&T, is now usually thought of when people think of sluggish bandwidth.
But in 1956, physicists Claude Shannon and John L. Kelly Jr. of Bell Labs made the decision to get wealthy quickly. In their investigation of gambling, stock investing, and information theory, they developed what is known as the “Kelly criterion,” or “Fortune’s Formula” as you may know it.
From Wall Street to the blackjack and roulette tables in Las Vegas, Shannon and Kelly tried their hypotheses in every possible way. In the end, they would always be willing. Later on, Warren Buffet himself would adopt the investing approach.
Among the greatest gambling games available today, Fortune’s Formula is a must-read for everyone who bets on sports or gambles at casinos.
- Soccernomics
Simon Kuper, in his intriguing and maybe underappreciated book Soccernomics, examined the 2018 World Cup in an effort to find a pattern that would enable him to earn more money than he lost betting on sports.
Kuper said in the book that since every sports betting event is different, it is necessary to study each one separately and create a model for most of them. While Kuper doesn’t provide simple answers, he does make a compelling case for how a sports betting strategy based on watching certain game occurrences within a given season may be fruitful.
Kuper said that his wife outscored him without any scientific expertise or a better grasp of soccer betting, but he still managed to produce quite a few staying points, and the book was successful in getting certain futures correct.
- A Man for All Markets
We highly recommend Edward O. Thorp’s “A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market” as a top-notch resource for anybody interested in gambling in general.
The protagonist of the novel is a mathematician who made a fortune by teaching himself blackjack counting, stock pattern prediction, and the laws of gravity.
In his book, Thorp contends that personal prosperity is not always based on chance. He cites several real-life instances to support his claim. Through wagering, gambling, and trading, he managed to accumulate $800 million.
What ultimately matters? Thorp attributes his success in the long run to his education, which he claims was crucial in his study of mathematical constants and patterns and his accumulation of general knowledge.
If you’re interested in gambling, you should read “A Man of All Markets”.
- The Greatest Gambling Story Ever Told
The story of a female racehorse who was three years old at the time of the Kentucky Derby and the consequences for the gamblers who bet against her that fateful year is told in “The Greatest Gambling Story Ever Told: A True Tale of Three Gamblers, The Kentucky Derby, and the Mexican Cartel” by Mark Paul.
Critics have dubbed the narrative “crazier-than-fiction,” and the author boldly asserts that it is the pinnacle of gambling literature. The tale of three young men whose lives were altered by Winning Colors’ victory and who subsequently had to fight a Mexican cartel for survival is riveting and well told by Paul.
- Thinking in Bets
Attempting to explore the institution of betting and how you might strive to generate trustworthy results with imperfect knowledge, Annie Duke’s widely regarded book “Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts” delves into these topics.
The New York Times hailed Thinking in Bets as a model of contemporary investment, and the concepts taught at Duke are universally relevant. As one reviewer puts it, “facing multiple possible outcomes” is a challenge in each of these areas, yet Duke manages to provide answers.
Thinking in Bets, like many good gambling books, examines the subject from a variety of perspectives, including those of business, strategy, and behavior. You may use the book as a guide to become a successful investor or gambler.
Duke provides a comprehensive strategy that should be considered as a whole, rather than as a series of isolated incidents. Regardless of your betting frequency, “Thinking in Bets” remains an invaluable resource.
- The Confidence Game
In addition to “The Biggest Bluff,” Konnikova also gave us “The Confidence Game: The Psychology of the Con and Why We Fall for It Every Time,” another delightful book. While it may seem like a poker story, there’s really a lot more going on here. Konnikova is well-versed in behavioral science and is aware of the fallibility of the human mind.
Should a friend present you with a once-in-a-lifetime opportunity, conduct thorough research to confirm its value. Regardless of your poker skills, Konnikova says, this cautious outlook on life positions you for success.
Without being too dogmatic, the book conveys its message in a way that is easy on the ears and the eyes while yet providing substantial value to those who pay close attention. You can label it as a gambling book as you wish, but it primarily focuses on human psychology and the factors that lead individuals to opt for the simpler path.
Gambling often offers seemingly effortless options and possibilities that might lead to tremendous wealth. Things seem different, however, when all the smoke and mirrors are removed. In “The Confidence Game,” the author delves into the fundamental aspects of human naiveté.
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