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Efficiency of Racetrack Betting Markets

2008 Games & Activities
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Release : 2008
Genre : Games & Activities
Kind : eBook
Book Rating : 193/5 ( reviews)

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Book Synopsis Efficiency of Racetrack Betting Markets by : Donald B. Hausch

Download or read book Efficiency of Racetrack Betting Markets written by Donald B. Hausch. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: A reprint of one of the classic volumes on racetrack efficiency, this book is the only one in its field that deals with the racetrack betting market in-depth, containing all the important historical papers on racetrack efficiency. As evidenced by the collection of articles, the understanding of racetrack betting is clearly drawn from, and has correspondingly returned something to, all the fields of psychology, economics, finance, statistics, mathematics and management science.

Information Efficiency in Financial and Betting Markets

2005-09-29 Business & Economics
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Release : 2005-09-29
Genre : Business & Economics
Kind : eBook
Book Rating : 405/5 ( reviews)

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Book Synopsis Information Efficiency in Financial and Betting Markets by : Leighton Vaughan Williams

Download or read book Information Efficiency in Financial and Betting Markets written by Leighton Vaughan Williams. This book was released on 2005-09-29. Available in PDF, EPUB and Kindle. Book excerpt: The degree to which markets incorporate information is one of the most important questions facing economists today. This book provides a fascinating study of the existence and extent of information efficiency in financial markets, with a special focus on betting markets. Betting markets are selected for study because they incorporate features highly appropriate to a study of information efficiency, in particular the fact that each bet has a well-defined end point at which its value becomes certain. Using international examples, this book reviews and analyses the issue of information efficiency in both financial and betting markets. Part I is an extensive survey of the existing literature, while Part II presents a range of readings by leading academics. Insights gained from the book will interest students of financial economics, financial market analysts, mathematicians and statisticians, and all those with a special interest in finance or gambling.

Computer-Based Horse Race Handicapping and Wagering Systems

2020-02-14 Games & Activities
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Release : 2020-02-14
Genre : Games & Activities
Kind : eBook
Book Rating : 938/5 ( reviews)

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Book Synopsis Computer-Based Horse Race Handicapping and Wagering Systems by : Bill Benter

Download or read book Computer-Based Horse Race Handicapping and Wagering Systems written by Bill Benter. This book was released on 2020-02-14. Available in PDF, EPUB and Kindle. Book excerpt: The Gambler Who Cracked the Horse-Racing Code Bill Benter did the impossible: He wrote an algorithm that couldn't lose at the track. Close to a billion dollars later, he tells his system. This book examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. A logit-based technique and a corresponding heuristic measure of improvement are described for combining a fundamental handicapping model with the public's implied probability estimates. The author reports significant positive results in five years of actual implementation of such a system. This result can be interpreted as evidence of inefficiency in pari-mutuel racetrack wagering. This paper aims to emphasize those aspects of computer handicapping which the author has found most important in practical application of such a system. Also included the Bill Benter "What Are My Odds?" Presentation at ICCM in 2004.

Preface to

2009
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Release : 2009
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Preface to by : Donald B. Hausch

Download or read book Preface to written by Donald B. Hausch. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: A reprint of one of the classic volumes on racetrack efficiency, this book is the only one in its field that deals with the racetrack betting market in-depth, containing all the important historical papers on racetrack efficiency. As evidenced by the collection of articles, the understanding of racetrack betting is clearly drawn from, and has correspondingly returned something to, all the fields of psychology, economics, finance, statistics, mathematics and management science.

Exotic Betting At The Racetrack

2018-12-21 Business & Economics
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Release : 2018-12-21
Genre : Business & Economics
Kind : eBook
Book Rating : 803/5 ( reviews)

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Book Synopsis Exotic Betting At The Racetrack by : William T Ziemba

Download or read book Exotic Betting At The Racetrack written by William T Ziemba. This book was released on 2018-12-21. Available in PDF, EPUB and Kindle. Book excerpt: Exotic Betting at the Racetrack is unique as it covers the efficient-inefficient strategy to price and find profitable racetrack bets, along with handicapping that provides actual bets made by the author on essentially all of the major wagers offered at US racetracks. The book starts with efficiency, accuracy of the win odds, arbitrage, and optimal betting strategies. Examples and actual bets are shown for various wagers including win, place and show, exacta, quinella, double, trifecta, superfecta, Pick 3, 4 and 6 and rainbow pick 5 and 6. There are discussions of major races including the Breeders' Cup, Pegasus, Dubai World Cup and the US Triple Crown from 2012-2018. Dosage analysis is also described and used. An additional feature concerns great horses such as the great mares Rachel Alexandra, Zenyatta, Goldikova, Treve, Beholder and Song Bird. There is a discussion of horse ownership and a tour through arguably the world's top trainer Frederico Tesio and his stables and horses in Italy.Related Link(s)

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