ANOMALIES IN THE GAMBLING MARKET

R. H. Tuckwell
Additional contact information
R. H. Tuckwell: Macquarie University, Australia

Chapter 58 in Efficiency of Racetrack Betting Markets, 2008, pp 583-591 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractApparent irregularities between the win and the place betting markets in Australian horseracing are examined. Win odds are used to predict win probabilities from which place probabilities are estimated and compared with the place odds on offer. It is concluded that anomalies do in fact exist and are capable, in theory at least, of profitable exploitation.

Keywords: Racetrack Efficiency; Racetrack Betting Market; Racetrack Betting; Win Market; Finance (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789812819192_0058 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789812819192_0058 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789812819192_0058

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().