Professional gambler’s reading list

The Business of Betting is the world’s pre-eminent gambling podcast. It features intelligent conversations with professional bettors, operators, academics and technologists.

Guests often recommend tools and resources, such as websites, books and podcasts which helped them succeed. I have collated all 300+ recommendations into these lists

Around 100 books and authors have been recommendations on the podcast. The full list is here but these are the top 10 most common and relevant recommendations.

Nassim Nicholas Taleb

Taleb and 3 of his books

  • Antifragile: Things That Gain from Disorder
  • The Black Swan: The Impact of the Highly Improbable
  • Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Are recommended 10 times by 5 guests.

Taleb writes about markets, trading, probability, randomness and uncertainty.

Edward O. Thorp

Thorp and 3 of his books

  • A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market
  • The Kelly Capital Growth Investment Criterion: Theory and Practice
  • Beat the Dealer: A Winning Strategy for the Game of Twenty-One

Are recommended 7 times by 4 guests.

Thorp is one of the first people to document successful card counting and inspired a generation of advantage gamblers. He writes about the similarities between making money gambling and in financial markets.

Daniel Kahneman – Thinking, Fast and Slow

Kahneman and his nobel prize winning book are recommended 5 times by 5 guests which is the most for any single book.

Thinking, fast and slow deals with cognitive bias, loss aversion and our overconfidence in human judgement.

Malcolm Gladwell – Outliers: The Story of Success

Gladwell, his book Outliers and his podcast Revisionist History are recommended 5 times by 4 guests. Gladwell’s “10,000-Hour Rule” from Outliers is also cited several times.

The 10,000-hour rule suggests that world class expertise and performance can only be achieved after 10,000 hours of practice in the field. More generally Gladwell writes about what makes successful people successful from a data driven point of view.

Honorable mentions

Richard H. Thaler and his book Misbehaving: The Making of Behavioural Economics are recommended 4 times by 3 guests.

James Surowiecki’s The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations is recommended 3 times.

Michael Lewis and his book Moneyball: The Art of Winning an Unfair Game are recommended 3 times.

Reading lists on goodreads

I have put the 10 most commonly recommended books (the books that appear in this post) in this GoodReads reading list.

I have put all 43 recommended books (except 1 which is not on GoodReads) into this GoodReads reading list.

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