IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789812819192_0056.html
   My bibliography  Save this book chapter

The Dr. Z Betting System in England

In: Efficiency Of Racetrack Betting Markets

Author

Listed:
  • William T. Ziemba

    (Management Science Division, Faculiy of Commerce, University of British Columbia, Vancouver BC, Canada V6T 1Z2, Canada)

  • Donald B. Hausch

    (School of Business, University of Wisconsin, Madison, Wisconsin 53706, Canada)

Abstract

The betting strategy proposed in Hausch, Ziemba and Rubinstein (1981) and Ziemba and Hausch (1984, 1987) has had considerable some success in North American place and show pools. The place pool is England is very different. This paper applies a similar strategy with appropriate modifications for places bet at British racetracks. The system or minor modifications also applies in a number of other countries such as Singapore with similar betting rules. The system appears to provide positive expectation wagers. However, with the higher track take it is not known how often profitable wagers will exist or what the long run performance might be.

Suggested Citation

  • William T. Ziemba & Donald B. Hausch, 2008. "The Dr. Z Betting System in England," World Scientific Book Chapters, in: Donald B Hausch & Victor SY Lo & William T Ziemba (ed.), Efficiency Of Racetrack Betting Markets, chapter 56, pages 567-574, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812819192_0056
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789812819192_0056
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789812819192_0056
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Luo, Yong & Zhu, Bo & Tang, Yong, 2014. "Simulated annealing algorithm for optimal capital growth," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 408(C), pages 10-18.
    2. Bin Li & Steven C. H. Hoi, 2012. "Online Portfolio Selection: A Survey," Papers 1212.2129, arXiv.org, revised May 2013.
    3. Luo Yong & Zhu Bo & Tang Yong, 2015. "Dynamic optimal capital growth of diversified investment," Journal of Applied Statistics, Taylor & Francis Journals, vol. 42(3), pages 577-588, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789812819192_0056. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.