Efficiency of Racetrack Betting Markets

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Academic Press, 1994 - Business & Economics - 648 pages
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Top experts provide an outstanding collection of major academic findings on racetrack betting markets. Coverage includes psychological studies, utility preferences, economic and mathematical analysis, and examines betting strategies from win-place-show to exotics such as quinella and exacta. * * Explores the academic and theoretical aspects of horse-racing and racetrack betting markets. * Offers economic, financial, and psychological studies on gambling * Includes mathematical and statistical models for probability estimations and wagering systems. * Features an international analysis of risk behaviour and market efficiency on racetrack markets.

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Introduction to Psychological Studies
Stability of Choices among Uncertain Alternatives
A Footnote on Horse Race Betting

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