Sports games and events are a fruitful area for study and to evaluate betting strategies as there is extensive data and mean reversion. With prices changing continuously, risk arbitrage bets can be made. Moreover, little errors, like a penalty to a player or an error in a call by a referee, can change the score of a game and corresponding betting prices. The collection and analysis of in-game data can inform players, coaches and staff on effective decision making during sporting events.
This book is a collection of applications of analytic techniques to a number of popular sports including baseball, basketball, hockey, Jai Alai, NFL football and horseracing, with a focus on both the statistics of the sporting events and betting strategies on the events. The subject is fascinating as there are many twists and subtle complicated decisions.
Dr Leighton Vaughan Williams, Director of Betting Research Unit of Nottingham Business School said: “This is a tour de force for the sports enthusiast wanting to better understand strategies, and for sports bettors wanting advice on how to analyze team sports and devise winning strategies… I recommend it highly.”
Spots Analytics is intended for sports fans, coaches, players and sports bettors, and students and users of arbitrage and risk arbitrage strategies. The book retails for US$39.95 / £35 (paperback) and US$85 / £75 (hardcover) and is also available in electronic formats. To order or know more about the book, visit http://www.worldscientific.com/worldscibooks/10.1142/12566.
About the Authors
Leonard C MacLean is the Emeritus Professor at Dalhousie University. His research focuses on stochastic models in finance, and models for repairable systems in aviation. More details at https://www.dal.ca/faculty/management/rsb/faculty-and-staff/our-faculty/leonard-maclean.html.
William T Ziemba is the Alumni Professor (Emeritus) of Financial Modeling and Stochastic Optimization in the Sauder School of Business, University of British Columbia where he taught from 1968–2006. His PhD is from the University of California, Berkeley. He currently teaches part time and makes short research visits to various universities. At present he is the Distinguished Visiting Research Associate, Systemic Risk Centre, London School of Economics. He has been a Visiting Professor at Cambridge, Oxford, London School of Economics, University of Reading and Warwick in the UK, at Stanford, UCLA, Berkeley, MIT, University of Washington and Chicago in the US, Universities of Bergamo, Venice and Luiss in Italy, the Universities of Zurich, Cyprus, Tsukuba (Japan), KAIST (Korea), the National University of Singapore and Nanyang Technological University (Singapore). He has been a consultant to a number of leading financial institutions including the Frank Russell Company, Morgan Stanley, Buchanan Partners, RAB Hedge Funds, Gordon Capital, Matcap, Ketchum Trading, and in the gambling area to the BC Lotto Corporation, SCA Insurance, Singapore Pools, Canadian Sports Pool, Keeneland Racetrack, and some racetrack syndicates in Hong Kong, Manila and Australia. His research is in asset-liability management, portfolio theory and practice, security market imperfections, Japanese and Asian financial markets, hedge fund strategies, risk management, sports and lottery investments, and applied stochastic programming. More details at http://www.williamtziemba.com/.
About World Scientific Publishing Co.
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