Arbitrage Strategies for Cross-Track Betting on Major Horse Races

Donald B. Hausch and William T. Ziemba
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Donald B. Hausch: University of Wisconsin—Madison, USA
William T. Ziemba: University of British Columbia, Canada

Chapter 40 in Efficiency of Racetrack Betting Markets, 2008, pp 405-422 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionEfficiency of the Various Betting MarketsInefficiency of the Win Market and the Risk-free Hedging ModelThe Optimal Capital Growth ModelTesting the One-Track Capital Growth ModelFinal DiscussionReferences

Keywords: Racetrack Efficiency; Racetrack Betting Market; Racetrack Betting; Win Market; Finance (search for similar items in EconPapers)
Date: 2008
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