Showing 1 - 7 of 7
We present a new model analyzing the effect of uncertainty faced by bookmakers. It is shown that bettors with inside information or expert analysis decrease the odds set by profit maximizing bookmakers. Data on previously unraced two year old horses and those that have raced previously are used...
Persistent link: https://www.econbiz.de/10010277820
We present a new model analyzing the effect of uncertainty faced by bookmakers. It is shown that bettors with inside information or expert analysis decrease the odds set by profit maximizing bookmakers. Data on previously unraced two year old horses and those that have raced previously are used...
Persistent link: https://www.econbiz.de/10003784959
Persistent link: https://www.econbiz.de/10003780056
Persistent link: https://www.econbiz.de/10003990986
Persistent link: https://www.econbiz.de/10008701389
Persistent link: https://www.econbiz.de/10003383090
Persistent link: https://www.econbiz.de/10003873639