- Paperback: 224 pages
- Publisher: High Stakes Publishing (12 Jan 2003)
- Language English
- ISBN-10: 1843440199
- ISBN-13: 978-1843440192
- Product Dimensions: 19.6 x 12.7 x 2 cm
- Average Customer Review: 4.3 out of 5 stars See all reviews (7 customer reviews)
- Amazon Bestsellers Rank: 216,099 in Books (See Top 100 in Books)
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Product Description
Product Description
Few people manage to make money from gambling - fewer still make a living from it. Written for hardened and novice bettors 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.
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Most Helpful Customer Reviews
38 of 38 people found the following review helpful:
4.0 out of 5 stars
should be one of the first books on your list,
This review is from: Fixed Odds Sports Betting: The Essential Guide: Statistical Forecasting and Risk Management (Paperback)
This isn't the perfect gambling book, but it easily stands comparison with the best of what is out there and is streets ahead of much of the competition.Its focus is principally on the risk management side of things - an essential, and much neglected (in the other books in this area), facet to making a profit consistently from gambling. Some of the graphs and tables can make for heavy reading, but the essential truth is there and a quick flick through most of them just serves to reinforce the truths which are clearly developed in the main text. Where this book scores most highly is in its positioning of sports wagering as a form of investment (with justifications) and in its thorough comparative evaluation of various staking strategies and the risks associated with them. On its own the book won't make you a successful gambler, but I'll bet (ha ha) that you won't find ANY successful gambler (long term) who isn't comfortable with or at least intuitively familiar with the concepts developed in this book. As such it belongs on everybodys reading list as they seek to break into that magic 3% of gamblers who actually make a profit.
23 of 23 people found the following review helpful:
5.0 out of 5 stars
excellent analysis for serious punter,
By
This review is from: Fixed Odds Sports Betting: The Essential Guide: Statistical Forecasting and Risk Management (Paperback)
this book will not really tell you what to bet on, but it does deal pretty exhaustively with an often neglected side of gambling; which staking plan to use. a lot of people give no real thought to how much to stake on their given selection and the relevance of this on the risk to their bank roll, and potential returns over the long run. this book is therefore essential reading for any serious punter who wants to learn about a variety of staking plans, and how each affects the risk of losing your bankroll, not making a profit or making a profit, and of course the effect that each plan has on the potential returns from your selections. so good i lent it to a mate, and i haven't had it back yet! (you know who you are)
12 of 12 people found the following review helpful:
4.0 out of 5 stars
Better Betting via risk management,
By ccccpn (Guildford United Kingdom) - See all my reviews
This review is from: Fixed Odds Sports Betting: The Essential Guide: Statistical Forecasting and Risk Management (Paperback)
I found the book very interesting. I thought that providing information (charts principally) without ramming a methodology down the readers throat particularly sound. An excellent book written for the non statistician, with an excellent section on bank roll management, and how to deal with the risk/reward conumdrum
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