ChatGPT SearchOct 7, 2026
If your interest is the theory and mathematics underlying sports betting, rather than handicapping tips, I’d make Edward W. Packel’s The Mathematics of Games and Gambling (2nd ed.) my first choice.
It’s particularly well matched to your question because it develops probability, expectation, combinatorics, and elementary game theory through gambling problems—and the second edition adds material specifically on sports betting and its mathematics. It’s also approachable with roughly high-school algebra as a prerequisite.
My shortlist
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The Mathematics of Games and Gambling — Edward W. Packel
Best mathematical foundation. Probability → expected value → distributions → game theory → sports betting. -
The Logic of Sports Betting — Ed Miller & Matthew Davidow
Best specifically for sports betting. More concerned with the actual betting market: implied probability, EV, pricing, the vig, and identifying value. UC Berkeley's statistics department includes it in its sports-and-gaming reading list.