Schnytzer, Adi; Snir, Avichai - In: Journal of Gambling Business and Economics 2 (2008) 1, pp. 45-65
A large share of the UK off-course horse racing betting market involves winning payouts determined at Starting Prices (SP). This implies that gamblers can bet with off-course bookies on any horse before a race at the final pre-race odds as set by on-course bookies for that horse. Given the...