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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 public’s opinion. The scheme is tested on the data from the Kentucky Derby between 1981 and 2005.
SCIMA record nr: 262193
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