스포츠베팅 | Cases and Studies in Sports Betting | 体育博彩
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- Article] Issues related to sports gambling
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DocNo of ILP: 5626
Doc. Type: Article
Title: Issues related to sports gambling
Authors: Insley, R; Mok, L; Swartz, T
Full Name of Authors: Insley, R; Mok, L; Swartz, T
Keywords by Author: comparative inference; gambler's ruin; Gibbs sampling; Kelly method; meta-analysis; optimal wagering
Keywords Plus:
Abstract: This paper looks at various issues that are of interest to the sports gambler. First, an expression is obtained for the distribution of the final bankroll using fixed wagers with a specified initial bankroll. Second, fixed percentage wagers are considered where the Kelly method is extended to the case of simultaneous bets placed at various odds; a computational algorithm is presented to obtain the Kelly fractions. Finally, the paper considers the problem of determining whether a gambling system is profitable based on the historical results of bets placed at various odds.
Cate of OECD: Mathematics
Year of Publication: 2004
Business Area: gamble
Detail Business: gamble
Country: England
Study Area: meta-analysis, meta-analysis, software, algorithm, gambler
Name of Journal: AUSTRALIAN & NEW ZEALAND JOURNAL OF STATISTICS
Language: English
Country of Authors: Simon Fraser Univ, Dept Stat & Actuarial Sci, Burnaby, BC V5A 1S6, Canada
Press Adress: Swartz, T (reprint author), Simon Fraser Univ, Dept Stat & Actuarial Sci, Burnaby, BC V5A 1S6, Canada.
Email Address: tim@cs.sfu.ca
Citaion:
Funding:
Lists of Citation: BREIMAN L, 1961, P 4 BERK S MATH STAT, P65; CRIST S, 1998, SPORTS ILLUSTRA 0126, V88, P82; DAGOSTINO RB, 1986, GOODNESS OF FIT TECH; Evans M, 1997, J AM STAT ASSOC, V92, P208, DOI 10.2307/2291465; Feller W., 1968, INTRO PROBABILITY TH, VI; HAYWOOD H, 2000, BEATWEBCASINOS COM S; KELLY JL, 1956, AT&T TECH J, V35, P917; MCCUNE B, 1989, ED SPORTS BETTOR; MOK L, 2001, THESIS S FRASER U; ORDINE B, 2000, SEATTLE TIMES 0123; *PROD COMM, 1999, 10 PC; STERN HS, 1998, CHANCE, V10, P17; Swartz T, 1999, COMMUN STAT-THEOR M, V28, P2821, DOI 10.1080/03610929908832452; Thisted RA., 1988, ELEMENTS STAT COMPUT; THORP EO, 1969, REV INST INT STAT, V37, P273, DOI 10.2307/1402118
Number of Citaion: 15
Publication: BLACKWELL PUBL LTD
City of Publication: OXFORD
Address of Publication: 108 COWLEY RD, OXFORD OX4 1JF, OXON, ENGLAND
ISSN: 1369-1473
29-Character Source Abbreviation: AUST NZ J STAT
ISO Source Abbreviation: Aust. N. Z. J. Stat.
Volume: 46
Version: 2
Start of File: 219
End of File: 232
DOI: 10.1111/j.1467-842X.2004.00326.x
Number of Pages: 14
Web of Science Category: Statistics & Probability
Subject Category: Mathematics
Document Delivery Number: 825VZ
Unique Article Identifier: WOS:000221788000003
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