News Release

Strategies for racetrack betting

An essential read for serious horseplayers

Book Announcement

World Scientific

Exotic Betting at the Racetrack

image: Cover for "Exotic Betting at the Racetrack." view more 

Credit: World Scientific

"[This book] is not only highly informative but is also hugely accessible to anyone with an interest in racetrack betting systems and strategies. Its use of wonderful examples and engaging commentary and anecdotes is a sheer delight. I am adding it with great pleasure to the very top table of my personal library."

Professor Leighton Vaughan Williams; Nottingham Business School, Nottingham Trent University, UK

Exotic Betting at the Racetrack, by William T Ziemba, is a thorough account of racetrack betting. It covers the efficient-inefficient strategy to price and find profitable racetrack bets, along with handicapping that provides actual bets made by the author on essentially all of the major wagers offered at US racetracks.

The book starts with efficiency, accuracy of the win odds, arbitrage, and optimal betting strategies. Examples and actual bets are shown for various wagers including win, place and show, exacta, quinella, double, trifecta, superfecta, Pick 3, 4 and 6 and rainbow pick 5 and 6. Included are discussions of major races including the Breeders' Cup, Pegasus, Dubai World Cup and the US Triple Crown from 2012-2018. Dosage analysis is also described and used. An additional feature concerns great horses such as the great mares Rachel Alexandra, Zenyatta, Goldikova, Treve, Beholder and Song Bird. The reader is given a tour through the stables of the world's top trainer, Frederico Tesio, in Italy, and horse ownership and Tesio's horses are also discussed.

This book retails for US$35 / £30 (paperback) and US$88 / £75 (hardback). To know more about the book visit http://www.worldscientific.com/worldscibooks/10.1142/11226.

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About the Author

Dr William T. Ziemba is the Alumni Professor (Emeritus) of Financial Modelling 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 at various universities. Recently 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), Sabanci (Turkey), EDHEC (France), KAIST (Korea), the National University of Singapore, and National 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. His co-written practitioner paper on the Russell-Yasuda model won second prize in the 1993 Edelman Practice of Management Science Competition. He has been a futures and equity trader and hedge fund and investment manager since 1983. In 2015, he won the futures part of the Battle of the Quants Trading Contest and beat the equity winner as well. He uses behavioural biases, mean reversion, mispriced options, institutional practices, presidential election and FED meeting effects plus calendar anomalies.

About World Scientific Publishing Co.

World Scientific Publishing is a leading international independent publisher of books and journals for the scholarly, research and professional communities. World Scientific collaborates with prestigious organisations like the Nobel Foundation and US National Academies Press to bring high quality academic and professional content to researchers and academics worldwide. The company publishes annually, about 600 books and 140 journals in various fields. To find out more about World Scientific, please visit http://www.worldscientific.com.

For more information, contact Amanda at heyun@wspc.com.


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