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Computer-Based Horse Race Handicapping and Wagering Systems

Computer-Based Horse Race Handicapping and Wagering Systems
Author: Bill Benter
Publisher: Diana
Total Pages: 56
Release: 2020-02-14
Genre: Games & Activities
ISBN: 9789841259938

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The Gambler Who Cracked the Horse-Racing Code Bill Benter did the impossible: He wrote an algorithm that couldn't lose at the track. Close to a billion dollars later, he tells his system. This book 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. Also included the Bill Benter "What Are My Odds?" Presentation at ICCM in 2004.


Efficiency of Racetrack Betting Markets

Efficiency of Racetrack Betting Markets
Author: Donald B. Hausch
Publisher: World Scientific
Total Pages: 679
Release: 2008
Genre: Games & Activities
ISBN: 9812819193

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A reprint of one of the classic volumes on racetrack efficiency, this book is the only one in its field that deals with the racetrack betting market in-depth, containing all the important historical papers on racetrack efficiency. As evidenced by the collection of articles, the understanding of racetrack betting is clearly drawn from, and has correspondingly returned something to, all the fields of psychology, economics, finance, statistics, mathematics and management science.


Betting on Horse Racing For Dummies

Betting on Horse Racing For Dummies
Author: Richard Eng
Publisher: John Wiley & Sons
Total Pages: 391
Release: 2022-11-21
Genre: Games & Activities
ISBN: 1119909155

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Betting on Horse Racing For Dummies is packed with information that teaches you the ins and outs of the racetrack. You’ll learn how to improve your odds, avoid common betting mistakes, and just plain have fun at the races. This is a spectator’s easy-to-understand guide, so you’ll have no trouble identifying the racing breeds with their strengths and weaknesses, sizing up the jockey, understanding the importance and role of a trainer, placing bets, managing money, and beyond. Can’t make it to the track? No worries! You’ll get the scoop on online betting with off track betting sites and apps. This update covers the latest changes in the betting world and in the racing world, so you’ll know just what you’re wagering. Learn about the different types of horse racing Discover and identify the best racing breeds Know your jockeys and trainers Make smart wagers and manage your funds For beginning betters, Betting on Horse Racing For Dummies is your ticket to well informed wagers and a winning edge. Already know the ropes? You’ll love the market trends and insider tips you’ll find inside.


Picking Winners

Picking Winners
Author: Andrew Beyer
Publisher: Houghton Mifflin Harcourt
Total Pages: 246
Release: 1994
Genre: Fiction
ISBN: 9780395701324

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A classic guide to handicap strategies in the field of thoroughbred racing Just as football evolved with the introduction of the forward pass and basketball with the development of the jump shot, so too was handicapping forever changed by the use of speed figures--and it all started with Andrew Beyer. With a foreword discussing the changes that have swept horse racing since the book's original publication in 1975, Picking Winners is essential reading both for serious horseplayers and curious amateurs.


Winning Without Thinking

Winning Without Thinking
Author: Nick Mordin
Publisher: Aesculus Press Ltd
Total Pages: 650
Release: 2002
Genre: Gambling systems
ISBN: 9781904328001

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How to take advantage of recurring patterns in the results of horse-race Basic principles that govern racing results and the betting market Mistakes commonly made by the general betting public - and how to exploit them Full details of betting systems used by professional gamblers that have made them millions How to predict and profit from new trends How to use computers to increase your returns from betting


Beating the Races with a Computer

Beating the Races with a Computer
Author: Steven L. Brecher
Publisher:
Total Pages: 97
Release: 1980
Genre: Sports & Recreation
ISBN: 9780960379200

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Calculated Bets

Calculated Bets
Author: Steven S. Skiena
Publisher: Cambridge University Press
Total Pages: 252
Release: 2001-08-06
Genre: Computers
ISBN: 9780521009621

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A story of using computer simulations and mathematical modeling techniques to predict the outcome of jai-alai matches and bet on them successfully.


Finding an Edge

Finding an Edge
Author: Ron Loftus
Publisher:
Total Pages: 134
Release: 2012-04-01
Genre:
ISBN: 9780957036208

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Information Efficiency in Financial and Betting Markets

Information Efficiency in Financial and Betting Markets
Author: Leighton Vaughan Williams
Publisher: Cambridge University Press
Total Pages: 412
Release: 2005-09-29
Genre: Business & Economics
ISBN: 1139445405

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The degree to which markets incorporate information is one of the most important questions facing economists today. This book provides a fascinating study of the existence and extent of information efficiency in financial markets, with a special focus on betting markets. Betting markets are selected for study because they incorporate features highly appropriate to a study of information efficiency, in particular the fact that each bet has a well-defined end point at which its value becomes certain. Using international examples, this book reviews and analyses the issue of information efficiency in both financial and betting markets. Part I is an extensive survey of the existing literature, while Part II presents a range of readings by leading academics. Insights gained from the book will interest students of financial economics, financial market analysts, mathematicians and statisticians, and all those with a special interest in finance or gambling.


Racetrack Betting

Racetrack Betting
Author: Peter Asch
Publisher: Praeger
Total Pages: 0
Release: 1991-10-30
Genre: Sports & Recreation
ISBN: 0275941035

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A day at the races, with its colorful variety and fast-paced action, appeals to people from all walks of life. Not surprisingly, the idea of going home with a few more dollars than when one arrived is part of horseracing's charm. In this entertaining but substantive volume, two distinguished economists, who happen to be horseracing buffs, outline a tested strategy for placing bets that will increase the reader's chances of a happy outcome at the track. The authors are the first to point out that getting rich at the racetrack is unlikely. They do maintain, however, that with attention to their systematic approach, the racing fan can achieve the best possible chance at winning. In the process, the reader learns some of the most important measurement techniques in the social sciences, as well as the basic methods of market analysis.