The Dr. Z Betting System in England

William T. Ziemba and Donald B. Hausch
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William T. Ziemba: Management Science Division, Faculiy of Commerce, University of British Columbia, Vancouver BC, Canada V6T 1Z2, Canada
Donald B. Hausch: School of Business, University of Wisconsin, Madison, Wisconsin 53706, Canada

Chapter 56 in Efficiency of Racetrack Betting Markets, 2008, pp 567-574 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe betting strategy proposed in Hausch, Ziemba and Rubinstein (1981) and Ziemba and Hausch (1984, 1987) has had considerable some success in North American place and show pools. The place pool is England is very different. This paper applies a similar strategy with appropriate modifications for places bet at British racetracks. The system or minor modifications also applies in a number of other countries such as Singapore with similar betting rules. The system appears to provide positive expectation wagers. However, with the higher track take it is not known how often profitable wagers will exist or what the long run performance might be.

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