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The Dr.Z Betting System in England

In: THE KELLY CAPITAL GROWTH INVESTMENT CRITERION THEORY and PRACTICE

Author

Listed:
  • William T. Ziemba
  • Donald B. Hausch

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, 2011. "The Dr.Z Betting System in England," World Scientific Book Chapters, in: Leonard C MacLean & Edward O Thorp & William T Ziemba (ed.), THE KELLY CAPITAL GROWTH INVESTMENT CRITERION THEORY and PRACTICE, chapter 48, pages 695-702, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814293501_0048
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