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Author: | Bain, R.S. Hausch, D.B. Ziemba, W. |
Title: | An application of expert information to win betting on the Kentucky Derby, 1981-2005 |
Journal: | European Journal of Finance
2006 : JUN, VOL. 12:4, p. 283-301 |
Index terms: | gambling industry investments market efficiency |
Freeterms: | sports betting |
Language: | eng |
Abstract: | This paper examines a betting scheme based on the optimal capital growth model that merges criteria with the publics opinion. The scheme is tested on the data from the Kentucky Derby between 1981 and 2005. |
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