The Dr.Z Betting System in England
William T. Ziemba and
Donald B. Hausch
Chapter 48 in The Kelly Capital Growth Investment Criterion:Theory and Practice, 2011, pp 695-702 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
The 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: Kelly Criterion; Dynamic Investment Analysis; Capital Growth Theory; Sports Betting; Hedge Fund Strategies; Speculative Investing; Fortune 's Formula (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789814293501_0048 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789814293501_0048 (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:9789814293501_0048
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 ().