Types of Ebooks

Another reader of my blog ask me what kind of ebooks exist. I believe that there are at least five categories according to e-book's methodology (not content).

Informative : You can find these e-books for free (most of the time) and their purpose is to inform the reader about a particular subject. Most of the time, you will find plenty of affiliate links and they encourage you to click on their links. Such ebooks "talk" about how to join a bookie, how to bet on a bet exchange etc. Although the majority of these e-books won't add anything new, there are some e-books which deal with card games such as Texas Hold-Em and are filled with stats, probabilities and player's attitude. These e-book can offer great help.

Bet Trading : This is my favorite type of e-book. There you can find how you can use bet exchange sites in order to trade your bets. This category can also be divided into two subcategories. The first consists of e-books which are trying to identify how the price of a selection will move and the second will explain you what you have to do during inplay when the price falls or rises. The first category is by far more interesting and is the one which i really like.

Stats / Arbitrage : Two categories into one. Some e-books try to derive strategies through statistical analysis while other e-books try to explain the arbitrage theory and how you can trace (by following simple mathematical formula) any arbitrage opportunities. I have told you my opinion about arbitrage. On the other hand, i like statistical analysis and believe that you can derive some very helpful conclusions. I wouldn't buy an e-book about arbitrage but i believe that someone should buy an e-book based on stats in order to derive proper conclusion (and save time from analyzing the data by yourself).

Laying : This category contains plenty of ebooks which try to identify which is the least probably result and bet against it. Most of the e-books covers horse&greyhound racing but there are plenty of e-book about soccer, cricket etc. The problem with these strategies are that most of them are time consuming and the real risk is larger than the odds show. For example when you "lay" a selection at 6, you make a 1,20 bet on the other outcomes. The 1,20 is too low and we all know that the lower the odd, the higher the risk/return ratio.

Backing : On the other hand, there are e-books which explain how you can identify the winner of an event. These strategies can vary a lot and are based on the personal experience of the writer of the ebook etc. Some strategies have proven quite profitable but there is a danger that when you buy such an e-book, you will run into a modified version of the martingale system (which can be very catastrophic). You must be very careful when choosing the right ebook.