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William Benter
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William Benter: HK Betting Syndicate, Hong Kong
Additional contact information
William Benter: HK Betting Syndicate, Hong Kong
This paper 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. Making online horse betting easier to navigate. Betting Online on Horse Races. Horse betting online took rise in the 1980s. Before that horse gambling had to take place on the tracks. As the internet developed, so did online betting horses. Now, almost all major race tracks have their betting platform.
Chapter 19 in Efficiency of Racetrack Betting Markets, 2008, pp 183-198 from World Scientific Publishing Co. Pte. Ltd.
Abstract: AbstractThis paper 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.
Keywords:Racetrack Efficiency; Racetrack Betting Market; Racetrack Betting; Win Market; Finance (search for similar items in EconPapers)
JEL-codes:C01C7B23F65 (search for similar items in EconPapers)
Date: 2008
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JEL-codes:C01C7B23F65 (search for similar items in EconPapers)
Date: 2008
References:Add references at CitEc
CitationsTrack citations by RSS feed Dni nevada 214b manual download.
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