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.
Brecher, Stephen L., Beating the Races with a Computer, (Long Beach, CA: Software Supply, 1980) Epstein, Richard A., The Theory of Gambling and Statistical Logic, revised edition, (New York, NY: Academic Press, 1977) Figlewski, Stephen, ...
double' (also known as a double) the bettor selects the winner of two consecutive races before the first race is run, ... In a parimutuel system, the return to a daily double depends on the amounts bet on all possible daily doubles ...
Its basic empirical research and investigation of pure theories of investment in the sports and lottery markets make this volume a winner.
This includes Mitchell's estimates of various win, place, show and daily double probabilities and cutoffs to give you an edge, in all these bets. Mitchell's estimates are similar but not identical to ours. These bets were computed one ...
"This book examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system.
In Winning Without Thinking he shares the fruits of this work. the results of horse-races; basic principles that govern racing results and the betting market; mistakes commonly made by the general betting public and how to exploit them; ...
Dolbear, F. T. (1993) Is racetrack betting on exactas efficient, Economica, 60, 105–11. Gramm, M. and Owens, D. H. (2006) Efficiency in parimutuel betting markets across wagering pools in the simulcast era, Southern Economic Journal, ...
This book addresses the issues raised by the continued growth of the gambling sector. How can we model the behaviour of people who seemingly act irrationally? What are the implications of different tax policies with regard to gambling?
These are all important issues, with significant global implications.
The index is based on two ideas: the expected return of commodities futures depends upon the degree of hedging by producers or consumers — as evidenced by the shape of the futures curve for each commodity (Brennan et al., 1997).