Abstract

SummaryApparent irregularities between the win and the place betting markets in Australian horseracing are examined. Win odds are used to predict win probabilities from which place probabilities are estimated and compared with the place odds on offer. It is concluded that anomalies do in fact exist and are capable, in theory at least, of profitable exploitation.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.