Three tries in the horse ownership business

William T. Ziemba

Chapter 25 in Exotic Betting at the Racetrack, 2019, pp 413-454 from World Scientific Publishing Co. Pte. Ltd.

Abstract: My first foray into racing was somewhat accidental, and at the low end. Not a good combination for any investment! Things started off beautifully, however. In September 2005, I was invited to speak to management at one of America’s great classic racetracks, Keeneland. It is a beautiful site and I have used their library for research on several occasions. I spent three hours covering key issues facing the industry in the US, including rebating, betting exchanges, and demand elasticity. I felt like the talk gave senior management plenty of food for thought, and a lively discussion ensued…

Keywords: Efficient; Inefficient; Racetrack; Betting; Market; Exotic Betting; Race; Handicapping; Strategies (search for similar items in EconPapers)
JEL-codes: A1 C1 L83 (search for similar items in EconPapers)
Date: 2019
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