- Computer based horse race handicapping and wagering systems pdf how to#
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The gambling system it presents is one of the few I have ever seen that I think really works. "This book is for people who want to win. Using it, you will be able to minimize risk and increase your winnings. When properly applied, the method's average profit per dollar wagered is about 10%. It teaches you when to bet and what a good bet is, and advises how much to wager based on your betting stake. After their initial scientific analysis of historical data from past races, the authors verified their betting method by testing it with real bets-and it worked. Z" system offers mathematical models based on stock-market analysis. Rather than focusing on the complicated details of thoroughbred handicapping, the groundbreaking "Dr. With clear writing and entertaining real-world examples, authors William Ziemba and Donald Hausch explain the fundamentals of track racing and show how patterns of public inefficiency in betting pools can lead to you reaping big payoffs. It helps you determine which horse to pick and what size your wager should be based on tote board data, and it reveals strategies for maximizing your winnings. This invaluable book shares a proven, easy to learn system that you can use to beat the odds and win big at the racetrack. This book was reprinted in the 4th edition in Hong Kong, ranked #2 in the best-selling chart in the international Chinese weekly Yazhou Zhoukan, and now available worldwide.ĭiscover the irresistible allure of horse racing and the thrill of winning. As an awardee in Asian-Pacific Mathematics Olympiad, the author abandoned his career as an actuary and became a key member in a gambling syndicate.
Computer based horse race handicapping and wagering systems pdf professional#
You can simply apply all the professional formulae by no more than a click, and pick your horses like an expert analyst.
Computer based horse race handicapping and wagering systems pdf free#
Some readers may find the mathematics in this book difficult, but the free program will take your pain away and do all the calculations.
Computer based horse race handicapping and wagering systems pdf how to#
The author will share his experiences in betting syndicate in Chapter 10, and tell you how to be a successful professional horseplayer in the last Chapter. To hit exotic pools, those theories in combinatorics in Chapter 9 will definitely help the readers. Two main concepts in wagering, Kelly criterion and hedging, will be discussed in Chapters 7 and 8. In Chapter 6, we will talk about some methods in misconceptions in estimating placed probability. In Chapter 5, normal distribution and multinominal logistic regression are introduced in estimating winning probability of each race horse. The following two chapters are about probability estimations. Some advanced statistical methods, such as chi-square test and kernel smoothing, will be introduced in Chapter 4 to further analyse those handicapping factors discussed in previous chapters. Other handicapping factors such as weight carried, jockeys, trainers and pedigrees will be discussed in Chapter 3. About horse handicapping, we will start with analysing racing forms in Chapter 2. Chapter 1 will explain why long term gains are possible in horse racing. This book can be divided into three main parts: horse handicapping (Chapters 2-6), wagering (Chapters 7-9) and theories in practices (Chapters 10-11). More than 20 professional programs are freely available to download, which can allow readers to easily apply the methodology introduced in the book. The jargons and equations are kept to a minimum so that it is easy to understand for most readers. Differentiations, combinatorics, normal distribution, kernel smoothing and other mathematical and statistical tools are introduced.
Statistical and Mathematical Methods in Horse Racing" thoroughly discusses the mathematical and statistical methods in handicapping and betting techniques. Also included the Bill Benter "What Are My Odds?" Presentation at ICCM in 2004. This paper aims to emphasize those aspects of computer handicapping which the author has found most important in practical application of such a system. This result can be interpreted as evidence of inefficiency in pari-mutuel racetrack wagering. The author reports significant positive results in five years of actual implementation of such a system. A logit-based technique and a corresponding heuristic measure of improvement are described for combining a fundamental handicapping model with the public's implied probability estimates. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. This book examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. Close to a billion dollars later, he tells his system.
Computer based horse race handicapping and wagering systems pdf cracked#
The Gambler Who Cracked the Horse-Racing Code Bill Benter did the impossible: He wrote an algorithm that couldn't lose at the track.