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A reprint of one of the classic volumes on racetrack efficiency,
this book is the only one in its field that deals with the
racetrack betting market in-depth, containing all the important
historical papers on racetrack efficiency. As evidenced by the
collection of articles, the understanding of racetrack betting is
clearly drawn from, and has correspondingly returned something to,
all the fields of psychology, economics, finance, statistics,
mathematics and management science.
A reprint of one of the classic volumes on racetrack efficiency,
this book is the only one in its field that deals with the
racetrack betting market in-depth, containing all the important
historical papers on racetrack efficiency. As evidenced by the
collection of articles, the understanding of racetrack betting is
clearly drawn from, and has correspondingly returned something to,
all the fields of psychology, economics, finance, statistics,
mathematics and management science.
Its basic empirical research and investigation of pure theories of
investment in the sports and lottery markets make this volume a
winner. These markets are simpler to study than traditional
financial markets, and their expected values and outcomes are
uncomplicated. By means of new overviews of scholarship on the
industry side of racetrack and other betting markets to betting
exchanges and market efficiencies, contributors consider a variety
of sports in countries around the world. The result is not only
superior information about market forecasting, but macro- and
micro-analyses that are relevant to other markets.
* Easily studied sports markets reveal features relevant for more
complex traditional financial markets
* Significant coverage of sports from racing to jai alai
* New studies of betting exchanges and Internet wagering markets
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