William Benter
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William Benter: HK Betting Syndicate, Hong Kong
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William Benter: HK Betting Syndicate, Hong Kong
- Computer Based Horse Race Handicapping And Wagering Systems Pdf Format
- Computer Based Horse Race Handicapping And Wagering Systems Pdf Download
Chapter 19 in Efficiency of Racetrack Betting Markets, 2008, pp 183-198 from World Scientific Publishing Co. Pte. Ltd.
Abstract: AbstractThis paper examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. A logit-based technique and a corresponding heuristic measure of improvement are described for combining a fundamental handicapping model with the public's implied probability estimates. The author reports significant positive results in five years of actual implementation of such a system. This result can be interpreted as evidence of inefficiency in pari-mutuel racetrack wagering. This paper aims to emphasize those aspects of computer handicapping which the author has found most important in practical application of such a system.
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Keywords:Racetrack Efficiency; Racetrack Betting Market; Racetrack Betting; Win Market; Finance (search for similar items in EconPapers)
JEL-codes:C01C7B23F65 (search for similar items in EconPapers)
Date: 2008
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JEL-codes:C01C7B23F65 (search for similar items in EconPapers)
Date: 2008
References:Add references at CitEc
CitationsTrack citations by RSS feed
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4 Proven Betting Systems That Work. I remember when I first started searching for a proven betting system googling the term “ betting systems.” There was all sorts of progressive staking systems, martingale systems, stop at a winner systems, progressive laying systems.The fact was though that none of these betting systems held up to any long term analysis and would normally blow your bank. How to win the Placepot 2013 Turf Season - Finding the 2yo Winners Pareto Principle - The 80-20 Rule The Best Horse Racing Betting System Ever. Dutching Football Scores for big returns Irish Lotto, why not try perming for better chances Euromillions online (Great Odds) Have the Bookies Missed a Trick with Exact Goal Betting?
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Computer Based Horse Race Handicapping And Wagering Systems Pdf Format
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