If you decide to gamble like a pro, you must not only train your practical skills but also expand your theoretical knowledge base. Fortunately, there is more than enough literature on the topic of gambling. So, you’ll have no problems finding detailed explanations on standalone casino mechanisms of work, what kinds of bets exist, how to choose the optimal strategy and much more. The number of gaming sites is currently growing rapidly. Together with them, the amount of gambling options that you may encounter is also increased.
For example, cryptocurrencies on casino sites until recently were rather an exotic option. Now, almost every casino offers to make a deposit using Bitcoin, Ethereum, etc. Perhaps in books, you will not learn the latest trends in the world of gambling, but you will definitely be able to gain knowledge that will help you connect everything together and make up the big picture.
Fortune’s Formula
Easily, one of the best books for gamblers on this list (and, perhaps, in general). Hardly anyone knows about the Bell Telephone Company. Its specialists successfully used Einstein’s hypothesis that light could produce electricity and designed the first silicon solar panels back in the 1950s.
However, in the book, you can find out how in 1956, Claude Shannon and John L. Kelly Jr. decided to get rich quickly. Both of them worked at Bell Labs and combined their efforts to study the following aspects:
- Gambling
- Investing in stocks
- Theories of information
The purpose was to create the best strategy. Thus, the Kelly Criterion, or, as you know it, the Fortune Formula, was developed. Scholars have practised theory everywhere: from the blackjack tables in Las Vegas to Wall Street. Later, that theory was used in investing by Warren Buffett.
Bringing Down the House
This is a real story of a professor and his students who decided to make money at a casino. To do this, they developed a special card-counting strategy that made it possible to determine when the deck was “ready”. In fact, such an adventurous idea was a success. As a result, the M.I.T. professor and his students won $10 million.
The book perfectly combines serious mathematical models and strategies along with appropriate humour. Therefore, the book is read literally in one breath and remains in memory for a long time. The author decided not to embellish the story but to leave everything as it really was, which makes the book especially valuable.
A Man for All Markets
This is truly one of the best gambling-related books you can read. It tells the amazing story of a mathematician who developed an approach to counting cards in a deck, predicting changes in the stock market, and effectively using it to his advantage. Thorp argues that personal wealth is not always random, and this book is the best proof of that.
Edward Thorp’s books describe his own experiences. He has amassed $800 million in betting, casino games, and efficient trading on the stock exchange. The moral of this story is quite simple – the importance of education. The author spent many hours studying various mathematical constants, regularities and accumulating non-specialized knowledge. All this helped him draw the right conclusions in the long run. This book will inspire those who have decided to take gambling seriously and earn a tidy sum.
The Greatest Gambling Story Ever Told
It is another true story of 3 gamblers, the unpredictable results of the Kentucky Derby, and the dangerous Mexican cartel. The author tells about how a group of players bet on the same horse during the Kentucky Derby and how it changed their lives. The story has often been called “crazier than fiction”, and the book, in turn, claims to be the best gambling-related book ever published.
The story reveals the intricacies of betting on horse racing, a showdown with the Mexican mafia, and literally racing to the bottom. In addition to entertainment, this book can show how multifaceted the gambling world can be and what dangers it can hide.
Soccernomics
This is a compelling though little-known book by Simon Cooper, in which the author tells us about the 2018 FIFA World Cup and how he tried to develop a successful betting model.
In the book, Cooper states that every event related to sports betting is unique. Therefore, it must be analyzed individually, and special models must be created for many events. The main emphasis is on tracking specific events in the game and in a particular season, which can lead to the most successful bets.
Conclusions
Currently, you have a huge selection of quality literature on the gambling topic. The acquisition of theoretical knowledge is a mandatory step on the path to real success and financial independence. All of the books mentioned in this review cover different aspects of gambling, from math formulas that can help boost your chances of success to the psycho-emotional aspects of gambling. And, of course, there are thousands of books about gambling worldwide, so do not hesitate and become a versatile gambler ready to win millions right away.
