Review of Weighing the Odds in Sports Betting

Title:

Weighing the Odds in Sports Betting

Author:

King Yao

Publisher:

Pi Yee Press

Date:

2007

ISBN:

0-935926-30-5

Pages:

254

Price:

$19.95

Reviewed by Nick Christenson, npc@lvrevealed.com

August 16, 2007

Winning at sports betting is difficult, and there are few who have been able to win consistently. There are many books on the market that provide advice on how to be a winning bettor, but few are worth the paper they're printed on, and fewer still provide true insight. King Yao has already written a strong book on limit holdem, titled Weighing the Odds in Hold'em Poker, and now he attempts to bring a similar analytic approach to the world of sports betting.

Most books on sports betting focus on angles, facts, and opinions about the sorts of bets that will be winners. Yao takes a different approach. Briefly, Weighing the Odds in Sports Betting allows us to ride along inside the author's brain as he analyzes the numbers on the board of the sports book. We learn what it is that he's looking for as well as how he crunches the numbers he finds in his quest for advantageous bets.

Early in the book, Yao creates a taxonomy for sports bettors. Based on this, I would categorize Yao as a "Relative Value" player who is primarily a "database keeper". In keeping with this, Weighing the Odds in Sports Betting contains very little true handicapping information. Mostly, the author uses primary game lines, an exhaustive database of results, and some simple math to find situations where other betting lines are incorrectly priced. More popular and well understood bets are considered to be a "correct" markets, and more exotic bets are considered to be less reliable "derivative" markets. This isn't a glamorous approach to sports betting, but it is both theoretically well founded and effective in practice.

Yao covers many types of sports and bets such as Super Bowl props, horseracing's Triple Crown, major league baseball totals, and the NBA playoffs. He also considers many other issues critical to successful sports betting including thinking about sports betting as a market, hedging, and scalping and middling. At times, the book jumps from one topic to the other fairly abruptly. This isn't surprising, since many of these chapters were once stand-alone articles for Two Plus Two's online magazine. It's not a significant shortcoming, though, since they all contain good information, and they're unified by Yao's approach to sports betting.

Many of the author's methods are extracted from the data he accumulates in his sports databases. Since this is so crucial to his methodology, one chapter I would have like to have seen included would have some discussion about how one sets up and maintains these repositories. What information does the author consider important? Is it necessary to automate this process, and if so, how can one do that? How does one prevent errors and typos from creeping into one's records? These are all issues that would have made a nice preview to many of the topics in this book. It's too bad that they're not mentioned, although Yao's book is still exceptionally valuable without this information.

Weighing the Odds in Sports Betting is a very strong reference for those interested in beating the books. It is also the first book on the topic I've read that provides strategies that I'm certain comprise a winning methodology by themselves. Everyone interested in this topic should definitely check out this book as it's one of the very best books on sports betting I've read. More than any other, this book along with a great deal of diligent work can transform someone with an interest in sports betting into a long-term winner. It doesn't contain everything one needs to achieve these goals, but it represents several giant steps along the path. I recommend it highly.

Capsule:

King Yao has written one of the finest books on sports betting that I have seen. Weighing the Odds in Sports Betting provides valuable insight into the methodologies and techniques used by a winning sports bettor at a variety of games. I can't imagine any serious sports bettor would not want to know what King Yao has to say on the topic. I strongly recommend this book to those with an interest in betting sports.

Note: I served as a reviewer for this book during publication. I also commented on some of the chapters while they were being prepared in article form. I received a free review copy of this book from the author, but I have no interest, financial or otherwise, in the success of this book.