Is Racetrack Betting on Exactas Efficient
Bibliographic Data
| ID | 9727737 |
|---|---|
| Authors | F Trenery Dolbear (corresponding author) |
| Year | 1993 |
| Volume | 60 |
| Issue | 237 |
| Pages | 105 |
| Publication date | 1993-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2554733 |
| OpenAlex | W2138576763 |
| Language | EN |
| Citations received | 2 |
| References cited | 1 |
A test of the efficiency of an exotic racetrack betting market--the exacta--is examined. Although a prior study found that the exacta failed the efficiency test, that result is sho wn here to depend on a biased estimation procedure. Similarly, this bia sed estimation procedure can vitiate a conclusion that exacta markets ar e attracting "smart money" (holders of insider information) in an attempt to avoid revealing their information to the betting public. Copyright 1993 by The London School of Economics and Political Science
Computer Science · Financial Markets and Investment Strategies · Gambling Behavior and Treatments · Sports Analytics and Performance
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,07 |
| Citation span | 1998 - 2010 (13) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |