Expert Analysis and Insider Information in Horse Race Betting: Regulating Informed Market Behavior.

We present a new model analyzing the effect of uncertainty faced by bookmakers. It is shown that bettors with inside information or expert analysis decrease the odds set by profit-maximizing bookmakers. Data on previously unraced 2-year-old horses and those that have raced previously are used to exa...

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Publicado en:	Southern Economic Journal Vol. 76; no. 4; pp. 976 - 993
Autores principales:	Peirson, John, Smith, Michael A.
Formato:	Artículo
Publicado:	Wiley-Blackwell Apr2010
Materias:	Bookmakers (Gambling) Horse race betting Book-making (Betting) Race horses Insider trading in securities Profit maximization
Acceso en línea:	Ver este registro en EBSCOhost