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Handbook of sports and lottery markets
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ISBN: 1281795682 9786611795689 0080559956 0444507442 9780080559957 9780444507440 Year: 2008 Publisher: Amsterdam ; Boston : Elsevier/North-Holland,

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Abstract

Its basic empirical research and investigation of pure theories of investment in the sports and lottery markets make this volume a winner. These markets are simpler to study than traditional financial markets, and their expected values and outcomes are uncomplicated. By means of new overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies, contributors consider a variety of sports in countries around the world. The result is not only superior information about market forecasting, but macro- and micro-analyses that are r


Book
The doctrine of chances : probabilistic aspects of gambling
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ISBN: 3540787828 9786612835544 1282835548 3540787836 Year: 2010 Publisher: Berlin ; Heidelberg : Springer-Verlag,

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Three centuries ago Montmort and De Moivre published two of the first books on probability theory, then called the doctrine of chances, emphasizing its most important application at that time, games of chance. This volume, on the probabilistic aspects of gambling, is a modern version of those classics. While covering the classical material such as house advantage and gambler's ruin, it also takes up such 20th-century topics as martingales, Markov chains, game theory, bold play, and optimal proportional play. In addition there is extensive coverage of specific casino games such as roulette, craps, video poker, baccarat, and twenty-one. The volume addresses researchers and graduate students in probability theory, stochastic processes, game theory, operations research, statistics but it is also accessible to undergraduate students, who have had a course in probability.

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