Gambling Books
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A VERY GOOD NUMEROLOGY GUIDEReview Date: 2006-08-18
good for anyone interested in improving their luckReview Date: 1999-11-02

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A book on deliveranceReview Date: 2007-04-25
Deliverance from addictionReview Date: 2006-03-02

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This is a syndicated column I wrote about this book Review Date: 2008-05-02
When your sitting back
In your rose pink Cadillac
Making bets on Kentucky Derby Day
-Rolling Stones
As the son of a son of a gambler, people ask me for betting advice.
Although I started going to race track before I was able to walk, I don't know that much about the horse industry. I go the track a few times a year and bet small amounts.
Most of my equine knowledge was gleamed when I worked on the clean up crew at the Kentucky Horse Park. I can tell you what horses make the biggest mess.
Although there are people more qualified to give Derby tips, like political or financial commentators, I won't let lack of expertise stop me.
I came to the conclusion in the mid 1980's that I wanted to live my life in Kentucky, I needed to know how to bet on horses.
I found a book called Racetrack Betting: The Professors' Guide to Strategies by Peter Asch and Richard E. Quandi.
It was written by two statistics professors and not the easiest book to read. I can sum up the advice in two statements.
1. Bet on the horse that everyone else is betting on. 2. Bet on the horse to show, not to win or place.
The book bases the ability to pick horses on a theory known as the wisdom of crowds.
The wisdom of crowds concept is really popular now. It is a driving force for web sites like Google.
The idea is that marketplace will move towards the best outcome.
If a horse moves from 10 to 1 to 2 to 1, it is probably a good horse to bet on.
Betting to show is a practice that I follow religiously. .
The professors said that betting to show will produce a winner 52% of the time. That is better than any other kind of bet.
The professors hate jackpots like the Pick-6. Just like the lottery, big odds draw a lot of excitement and attention.
Just like the lottery, you don't see many people winning them.
The professors frown on exactas, daily doubles or any bet that exhibits large risk.
Like in the investment world, the winner at race track is the person with a conservative style and discipline.
When I go to the track, I don't look at the racing form, jockeys, past history or pick horses with funny names. (My mother was a sucker for horses with funny names.) I just follow the odds.
I usually win enough money to pay for lunch.
My father, a professional gambler, absolutely HATED my betting system. He and I would go to Keeneland every session and we never picked the same horse. He would bet $100 on a horse and lose. I would bet $10 and win.
It drove him absolutely crazy.
Dad liked the excitement of big odds and big payoffs. He knew everything about the horse's past performance, their breeding and who was riding them.
Dad was superstitious and started to believe that my system was jinxing him. If dad ever met the professors, he would have punched them in the nose.
I stuck to my system. I stick to it today. Betting to show fits with my overall philosophy about investing. Slow and steady works in the financial markets and works at the track too.
For whatever reason, my system has failed me at Kentucky Derby's. The last one I remember winning was Sunday Silence in 1989. I didn't pick Sunday Silence because of my system. His owner, Arthur Hancock III, had graduated from Vanderbilt and I had received a Masters Degree from Vandy the year before.
I picked the horse because of an alumni connection to a man I had never met. It was a stupid reason for picking a horse but produced one of my few winners.
Thus, on Derby Day, my advice is forget all the high powered systems and give it your best guess.
Don McNay is the author of Son of a Son of a Gambler: Winners, Losers and What To Do When You Win The Lottery. He is the Chairman of the Board for McNay Settlement Group in Richmond, Kentucky. You can write to him at [...] or read his award winning column at [...]
Technical analysis of horse gambling. It is worth reading.Review Date: 2004-07-09
First of all, it is a well-written book. The authors have tried their very best to explain complicated ideas (topics about statistics and probabilities) step by step, and take the readers through simple calculations on probability first and then systematically to regression analysis and then ultimately to their findings. I have not touched any topics on probabilities and statistics for a long time since 1991 but I can still manage to understand the ideas and formulas presented in this book with the help of the authors.
The gist of this book is to tell us betting inefficiencies happen in Place and Show pools. Based on the authors' findings, one should pay attention to the drop of win odds from morning line odds to last-minute odds and bet on Place or Show of horses with relatively low win odds so as to yield a positive rate of return. The author's approach is also supported by the Dr. Z's system.
This book also emphasizes that the most important thing on horse gambling is to gain a positive rate of return, rather than merely picking winners. I totally agree with it.
"Profitable systems cannot be popular. Popular systems are sure losers." is also emphasized in this book. I totally agree with this statement also as the use of an originally profitable method by too many people will ultimately depress the odds and result in a negative rate of return. This is all about market efficiencies which we studied in Economics lessons before. Right?
Using terms of Economics, this book is about "technical analysis" of horse gambling. I recommend all horse racing fans who have read many books on "fundamental analysis" of horse handicapping/gambling to read this "technical analysis" book.

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An excellent addition and referanceReview Date: 2001-08-11
Secrets of Winning RouletteReview Date: 2001-08-25

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Wiser But Poorer - No Miracles Just Honest AdviceReview Date: 2008-03-19
Blackjack 101Review Date: 2005-02-24
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a nice start !Review Date: 2008-06-02
detail.I have to say betting win instead of superfecta, triactor has
me a winner.flat betting 10 to win per race one bet one horse simple.
Great book for anyoneReview Date: 2000-07-05


Most Likely to DeceiveReview Date: 2002-04-14
Great bookReview Date: 1998-09-02
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Fascinating!!! A Must Read!Review Date: 2004-05-21
How casinos went from Bugsy Siegel to Donald TrumpReview Date: 2004-04-29
Johnston explains how in just over a decade revenues from gambling went from $2 billion a year to $10 billion. The immense profit potential of the gambling business attracted corporate giants like the Holiday Corporation and Ramada, Inc., both of which sold off their namesake hotel chains at the end of the 1980s and sank their resources into the new megacasinos. However, Johnston's book underscores that "no matter who deals the cards, the game is always the same." Now business school graduates and skilled managers have replaced mob muscle and the new "loaded dice" are provided by computer geniuses who carefully stack the odds against players, government officials who support corporate deal makers, and even subtle psychological techniques that invite addictive behavior.
The framing story for "Temples of Chance" is the story of Akio Kashiwagi, the boldest gambler in the world, who is wagering $14 million an hour for days while playing baccarat at Trump Plaza. As the first chapter ends Kashiwagi is has a pot of $18.6 million and the Donald is getting nervous. However, Trump has hired Jess Marcum, a physicist who helped invent radar and "a lonely atheist in the temples of chance because he did not believe in Lady Luck" on his side. Kashiwagi does not have a chance, but we do not find out how this game plays until the end of the book.
Ultimately "Temples of Chance" makes a convincing case that any wager placed on legal gambling in America is a sucker's bet, the exception being if you are one of the power brokers on the inside. Johnston has a whole series of horror stories reflecting the mentality of greed that drove corporate investors to sponsor casinos on Indian reservations, Mississippi riverboats, and every place it can get a foothold. Johnston maintains that the logic underlying government support of the expansion of legalized gambling is pretty stupid in light of the evidence that while legal gambling can offer short-term economic relief, it creates no new wealth, and has not and cannot permanently revive struggling economies. The value of this 1992 book as a warning has obviously waned, but it still provides a fascinating look at how Wall Street moved in on the mob to make a killing at the gaming tables.

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NO CHEMICALS, STILL BADReview Date: 2007-01-04
Eye Opening Easy ReadReview Date: 2007-08-23
With the explosion of Casinos all over America we are seeing an equally proportinate rate of ruined lives related to gambling. The suicide rate amoung problem gamblers is extroardinarily high. It is most important for healthcare professionals, both in addiction and general medicine, to become familiar with this problem and screen patients for potential gambling addiction. This book was part of my curriculum as an addictions counselor in the state of New York.
Another excellent book on this topic is 'Born to Lose' by Bill Lee, who also wrote the book inspiring the movie 'Chinatown'.

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Spectacular Upholstery Guide!Review Date: 2000-09-17
The Upholsters's DictionaryReview Date: 2001-01-03
Related Subjects: Consultants Publications Equipment Software Guides Blackjack Poker Contests and Sweepstakes Casinos Sports Roulette Bingo Lotteries
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