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Trouble in Paradise?
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actually amount average betting market betting strategies betting systems bettors calculate CD CM chance of winning Chapter daily double Daily Racing Form dollar double betting efficient entrants estimate example expected return expected utility expected value fact favorites female jockeys final odds formula gambling handicapping horse racing horse wins inefficiency investment John Scarne longshots lose mean Monmouth Park morning line odds outcome pair particular horse payoff percent Peter pick winners place and show place bets place pool popular possible predict probability of winning profit racetrack betting rate of return reason regression equation Reigh Count relatively risk lovers sample show betting show pool simulations smart money speed rating statistical subjective probability suggest Table top selection toss track take track variant utility numbers utility scale variables variance wealth win bets win pool winning chances Ziemba and Hausch