Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Efficiency Of Racetrack Betting Markets
Download Efficiency Of Racetrack Betting Markets full books in PDF, epub, and Kindle. Read online Efficiency Of Racetrack Betting Markets ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
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 and published by World Scientific. This book was released on 2008 with total page 679 pages. 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.
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 and published by Cambridge University Press. This book was released on 2005-09-29 with total page 412 pages. 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.
Book Synopsis Handbook of Sports and Lottery Markets by : Donald B. Hausch
Download or read book Handbook of Sports and Lottery Markets written by Donald B. Hausch and published by Elsevier. This book was released on 2011-08-11 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: Its basic empirical research and investigation of pure theories of investment in the sports and lottery markets make this volume a winner. These markets are simpler to study than traditional financial markets, and their expected values and outcomes are uncomplicated. By means of new overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies, contributors consider a variety of sports in countries around the world. The result is not only superior information about market forecasting, but macro- and micro-analyses that are relevant to other markets. - Easily studied sports markets reveal features relevant for more complex traditional financial markets - Significant coverage of sports from racing to jai alai - New studies of betting exchanges and Internet wagering markets
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 and published by Diana. This book was released on 2020-02-14 with total page 56 pages. 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.
Book Synopsis Stochastic Programming: Applications In Finance, Energy, Planning And Logistics by : Horand I Gassmann
Download or read book Stochastic Programming: Applications In Finance, Energy, Planning And Logistics written by Horand I Gassmann and published by World Scientific. This book was released on 2012-11-28 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows the breadth and depth of stochastic programming applications. All the papers presented here involve optimization over the scenarios that represent possible future outcomes of the uncertainty problems. The applications, which were presented at the 12th International Conference on Stochastic Programming held in Halifax, Nova Scotia in August 2010, span the rich field of uses of these models. The finance papers discuss such diverse problems as longevity risk management of individual investors, personal financial planning, intertemporal surplus management, asset management with benchmarks, dynamic portfolio management, fixed income immunization and racetrack betting. The production and logistics papers discuss natural gas infrastructure design, farming Atlantic salmon, prevention of nuclear smuggling and sawmill planning. The energy papers involve electricity production planning, hydroelectric reservoir operations and power generation planning for liquid natural gas plants. Finally, two telecommunication papers discuss mobile network design and frequency assignment problems./a
Book Synopsis The Kelly Capital Growth Investment Criterion by : Leonard C. MacLean
Download or read book The Kelly Capital Growth Investment Criterion written by Leonard C. MacLean and published by World Scientific. This book was released on 2011 with total page 883 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured.
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 and published by World Scientific. This book was released on 2018-12-21 with total page 489 pages. 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)
Book Synopsis Beat the Racetrack by : William T. Ziemba
Download or read book Beat the Racetrack written by William T. Ziemba and published by Echo Point Books & Media. This book was released on 2019-02-04 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the irresistible allure of horse racing and the thrill of winning. This invaluable book shares a proven, easy to learn system that you can use to beat the odds and win big at the racetrack. It helps you determine which horse to pick and what size your wager should be based on tote board data, and it reveals strategies for maximizing your winnings. With clear writing and entertaining real-world examples, authors William Ziemba and Donald Hausch explain the fundamentals of track racing and show how patterns of public inefficiency in betting pools can lead to you reaping big payoffs. Rather than focusing on the complicated details of thoroughbred handicapping, the groundbreaking "Dr. Z" system offers mathematical models based on stock-market analysis. After their initial scientific analysis of historical data from past races, the authors verified their betting method by testing it with real bets--and it worked. It teaches you when to bet and what a good bet is, and advises how much to wager based on your betting stake. When properly applied, the method's average profit per dollar wagered is about 10%. Using it, you will be able to minimize risk and increase your winnings. "This book is for people who want to win. The gambling system it presents is one of the few I have ever seen that I think really works. I am convinced enough to bet my own money on it." Edward O. Thorp, from the book's introduction
Book Synopsis Economics of Betting Markets by : David Peel
Download or read book Economics of Betting Markets written by David Peel and published by Routledge. This book was released on 2013-09-13 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last few decades, commercial gambling has increased substantially throughout the Western world. More people than ever before have access to sources of legalised gambling, leading to bumper revenues for the institutions involved. Naturally enough, this has led to an increased interest in the area of the economics of betting. 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? Are casinos capable of taking money away from state-run lotteries and the causes they fund? Can bookmakers’ odds be influenced in such a way as to make the gambling market inefficient? The authors in this volume provide insights based on data from many different countries, including England, the USA, Australia, Spain and Cyprus. This volume brings together work which addresses the economic impact of the huge growth of commercial gambling in the Western world, as well as trying to model the cognitive processes which can explain why individuals are prepared to behave in such apparently irrational ways. This book was published as a special issue of Applied Economics. The academic editor of this journal is Mark P. Taylor.
Book Synopsis Economics of Betting Markets by : David Peel
Download or read book Economics of Betting Markets written by David Peel and published by Routledge. This book was released on 2013-09-13 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last few decades, commercial gambling has increased substantially throughout the Western world. More people than ever before have access to sources of legalised gambling, leading to bumper revenues for the institutions involved. Naturally enough, this has led to an increased interest in the area of the economics of betting. 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? Are casinos capable of taking money away from state-run lotteries and the causes they fund? Can bookmakers’ odds be influenced in such a way as to make the gambling market inefficient? The authors in this volume provide insights based on data from many different countries, including England, the USA, Australia, Spain and Cyprus. This volume brings together work which addresses the economic impact of the huge growth of commercial gambling in the Western world, as well as trying to model the cognitive processes which can explain why individuals are prepared to behave in such apparently irrational ways. This book was published as a special issue of Applied Economics. The academic editor of this journal is Mark P. Taylor.
Book Synopsis The Oxford Handbook of the Economics of Gambling by : Leighton Vaughan Williams
Download or read book The Oxford Handbook of the Economics of Gambling written by Leighton Vaughan Williams and published by Oxford University Press. This book was released on 2013 with total page 740 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook is a definitive source of path-breaking research on the economics of gambling. It is divided into sections on casinos, sports betting, horserace betting, betting strategy motivation, behaviour and decision-making in betting markets prediction markets and political betting, and lotteries and gambling machines.
Book Synopsis The Economics of Sports Betting by : Plácido Rodríguez
Download or read book The Economics of Sports Betting written by Plácido Rodríguez and published by Edward Elgar Publishing. This book was released on 2017-07-28 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique book delves into a number of intriguing issues and addresses several pertinent questions including, should gambling markets be privatized? Is the ‘hot hand’ hypothesis real or a myth? Are the ‘many’ smarter than the ‘few’ in estimating betting odds? How are prices set in fixed odds betting markets? The book also explores the informational efficiency of betting markets and the prevalence of corruption and illegal betting in sports.
Book Synopsis Calculated Bets by : Steven S. Skiena
Download or read book Calculated Bets written by Steven S. Skiena and published by Cambridge University Press. This book was released on 2001-08-06 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: A story of using computer simulations and mathematical modeling techniques to predict the outcome of jai-alai matches and bet on them successfully.
Book Synopsis Winning Without Thinking by : Nick Mordin
Download or read book Winning Without Thinking written by Nick Mordin and published by Aesculus Press Ltd. This book was released on 2006-10 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nick Mordin estimates he has spent over 30,000 hours researching racing results over the years. His aim has been to uncover the principles that govern the betting market and racing results themselves. In conducting his research Nick has tested thousands of systems, both his own and those developed by academics, professional gamblers and others around the globe. 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; full details of betting systems used by professional gamblers to make millions; how to predict and profit from new trends; and how to use computers to increase your returns.
Download or read book Precision written by C. X. Wong and published by Outskirts Press. This book was released on 2011-03 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Precision ... Statistical and Mathematical Methods in Horse Racing" thoroughly discusses the mathematical and statistical methods in handicapping and betting techniques. Differentiations, combinatorics, normal distribution, kernel smoothing and other mathematical and statistical tools are introduced. The jargons and equations are kept to a minimum so that it is easy to understand for most readers. More than 20 professional programs are freely available to download, which can allow readers to easily apply the methodology introduced in the book. This book can be divided into three main parts: horse handicapping (Chapters 2-6), wagering (Chapters 7-9) and theories in practices (Chapters 10-11). Chapter 1 will explain why long term gains are possible in horse racing. About horse handicapping, we will start with analysing racing forms in Chapter 2. Other handicapping factors such as weight carried, jockeys, trainers and pedigrees will be discussed in Chapter 3. Some advanced statistical methods, such as chi-square test and kernel smoothing, will be introduced in Chapter 4 to further analyse those handicapping factors discussed in previous chapters. The following two chapters are about probability estimations. In Chapter 5, normal distribution and multinominal logistic regression are introduced in estimating winning probability of each race horse. In Chapter 6, we will talk about some methods in misconceptions in estimating placed probability. Two main concepts in wagering, Kelly criterion and hedging, will be discussed in Chapters 7 and 8. To hit exotic pools, those theories in combinatorics in Chapter 9 will definitely help the readers. The author will share his experiences in betting syndicate in Chapter 10, and tell you how to be a successful professional horseplayer in the last Chapter. Some readers may find the mathematics in this book difficult, but the free program will take your pain away and do all the calculations. You can simply apply all the professional formulae by no more than a click, and pick your horses like an expert analyst. As an awardee in Asian-Pacific Mathematics Olympiad, the author abandoned his career as an actuary and became a key member in a gambling syndicate. This book was reprinted in the 4th edition in Hong Kong, ranked #2 in the best-selling chart in the international Chinese weekly Yazhou Zhoukan, and now available worldwide.
Book Synopsis The Adventures Of A Modern Renaissance Academic In Investing And Gambling by : William T Ziemba
Download or read book The Adventures Of A Modern Renaissance Academic In Investing And Gambling written by William T Ziemba and published by World Scientific. This book was released on 2017-08-23 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tells the story of how financial markets have evolved over time and became increasingly more complex. The author, a successful and experienced trader, who among other things won the 2015 battle of the quants futures contest held in New York, shares how one can navigate today's dangerous financial markets and be successful. Readers at all levels will benefit from his analysis and many real life examples and experiences. The coverage is broad and there is considerable discussion on ways to stay out of trouble, protect oneself and grow one's assets. The author was the first one to do turn of the year January effect trades in the futures markets starting in the beginning of S&P 500 futures trading in 1982. That has been successful and the author explains his ideas and experiences from the beginning in simple markets to the current, very complex markets we have in 2017.The author discusses the various ways that traders and investors lose money in the financial markets. Many examples are provided, including Long Term Capital Management, ENRON, Amarath, Neiderhoffer's funds and many major companies such as Lehman Brothers, Society Generale, Saloman Brothers. This is invaluable to understanding ways to avoid such losses.The author discusses great investors, their methods and evaluation and the authors' work with several of them. Risk arbitrage and mean reversion strategies are described through actual use. Asset-liability models for pension funds, insurance companies and other financial institutions devised by the author are described. The author uses racetrack bias ideas in behavorial finance in trading index futures and options. Large stock market crashes that can be predicted are discussed with several models of the author and others. Many mini crashes including the January-February 2016, Brexit, Trump and French elections that are plausible but largely unpredictable are described and how they were dealt with successfully.Along with ways to deal with them, investment in top quality racehorses, oriental carpets, real estate and other interesting investments are covered. The author was instrumental in viewing racing as a stock market. The ideas are used by the top racing syndicates as well as hedge funds.The book proceeds by weaving these aspects of the financial markets in the modern era into a story of the author's academic, professional and personal life. This is told through the people he met and worked with and the academic and personal travel he had all over the world this past half century. The text is simply written with details, sources and references in the notes of each chapter. Details of various important events and how they evolved are described. There are numerous color and black and white photos in the text plus graphs, tables etc. in the notes to tell the story. The teaching and research into various financial and gambling markets takes the reader to interesting places around the world. These include the US and its many stock market ups and downs, Japan when they were ruling the financial world and then they collapsed, the UK visits with lectures, teaching and research work at their great Universities including Cambridge and Oxford, Europe with many activities in France, Italy, Germany and other places, to Asia including discussions about travels to Persia, Turkey, Singapore, Korea, China, Afghanistan, Russia and other countries. Also discussed are visits to U.S. universities including Chicago, MIT, Berkeley, UCLA and Washington. His work with horse racing syndicates took him to Australia and Hong Kong. Crises like those in Greece, US housing and internet and the flash crash are discussed.
Download or read book Picking Winners written by Andrew Beyer and published by Houghton Mifflin Harcourt. This book was released on 1994 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: A classic guide to handicap strategies in the field of thoroughbred racing Just as football evolved with the introduction of the forward pass and basketball with the development of the jump shot, so too was handicapping forever changed by the use of speed figures--and it all started with Andrew Beyer. With a foreword discussing the changes that have swept horse racing since the book's original publication in 1975, Picking Winners is essential reading both for serious horseplayers and curious amateurs.
