The 2 Minute Sprint

William T Ziemba

Chapter 11 in The Adventures of a Modern Renaissance Academic in Investing and Gambling, 2017, pp 123-128 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Daniel Siegelman of Fortune magazine wrote a short blurb about the Dr Z place and show betting system. He referred to it as the 2 minute sprint and had a lovely cartoon as shown below.In the book Beat the Racetrack (1984 original version and the 1987 updated version), we did calculations concerning how many people could play the system optimally before the edge was taken out. Related to that and consistent with the 2 minute sprint idea is the idea to be rely and grab the edge before others can get it. Of course, in doing this you cannot over bet and we recommend that the bet be at the most full Kelly which in the one-dimensional case is the edge divided by the odds. These books also discuss the effect of differing track takes and all the features were put into a handheld calculator…

Keywords: Financial History; Risk Management; Investment Strategies; Mean Reversion; Risk Arbitrage; Management of Assets (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813148529_0011 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813148529_0011 (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:9789813148529_0011

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 ().