| List of Contributors | |
| Preface | |
| Introduction | p. 1 |
| Introduction to Psychological Studies | p. 5 |
| Odds Adjustments by American Horse-Race Bettors | p. 9 |
| Stability of Choices among Uncertain Alternatives | p. 15 |
| A Footnote on Horse Race Betting | p. 27 |
| Biases in Betting: An Application of Laboratory Findings | p. 31 |
| Introduction to Utility Preferences of Racetrack Bettors | p. 39 |
| On the Robustness of the Arrow-Pratt Risk Aversion Measure | p. 41 |
| Utility Analysis and Group Behavior: An Empirical Study | p. 47 |
| Gambling and Rationality | p. 57 |
| Probability and Utility Estimates for Racetrack Bettors | p. 71 |
| Introduction to Economic and Mathematical Insights | p. 87 |
| Optimal Horse Race Bets | p. 93 |
| Concavity Properties of Racetrack Betting Models | p. 99 |
| Optimal Bets in Pari-Mutuel Systems | p. 109 |
| Growth versus Security in Dynamic Investment Analysis | p. 127 |
| Searching for Positive Returns at the Track: A Multinomial Logit Model for Handicapping Horse Races | p. 151 |
| Still Searching for Positive Returns at the Track: Empirical Results from 2,000 Hong Kong Races | p. 173 |
| Computer Based Horse Race Handicapping and Wagering Systems: A Report | p. 183 |
| An Empirical Cross-Validation of Alternative Classification Strategies Applied to Harness Racing Data for Win Bets | p. 199 |
| Assigning Probabilities to the Outcomes of Multi-Entry Competitions | p. 213 |
| Permutation Probabilities as Models for Horse Races | p. 219 |
| Estimating the Probabilities of the Outcomes of a Horse Race (Alternatives to the Harville Formulas) | p. 225 |
| Application of Running Time Distribution Models in Japan | p. 237 |
| Introduction to the Efficiency of Win Markets and the Favorite-Longshot Bias | p. 251 |
| Anomalies - Parimutuel Betting Markets: Racetracks and Lotteries | p. 255 |
| Horse Racing: Testing the Efficient Markets Model | p. 269 |
| Back on the Track with the Efficient Markets Hypothesis | p. 279 |
| Subjective Information and Market Efficiency in a Betting Model | p. 285 |
| Racetrack Betting and Informed Behavior | p. 299 |
| Applications of Logit Models in Racetrack Data | p. 307 |
| Betting and Equilibrium | p. 315 |
| Differences of Opinion at the Racetrack | p. 323 |
| Prices of State Contingent Claims with Insider-Traders, and the Favourite-Longshot Bias | p. 343 |
| Introduction to Prices versus Handicapping: Place and Show Anomalies | p. 355 |
| Market Efficiency in Racetrack Betting | p. 357 |
| Market Efficiency in Racetrack Betting: Further Evidence and a Correction | p. 369 |
| Efficiency of the Market for Racetrack Betting | p. 373 |
| Transactions Costs, Extent of Inefficiencies, Entries and Multiple Wagers in a Racetrack Betting Model | p. 391 |
| Arbitrage Strategies for Cross-Track Betting on Major Horse Races | p. 405 |
| Locks at the Racetrack | p. 423 |
| Racetrack Betting - An Example of a Market with Efficient Arbitrage | p. 431 |
| Introduction to the Efficiency of Exotic Wagering Markets | p. 445 |
| Some Evidence of the Efficiency of a Speculative Market | p. 447 |
| Efficiency and Profitability in Exotic Bets | p. 453 |
| How Accurately do Bettors Bet on Doubles? | p. 465 |
| Pricing Exotic Racetrack Wagers | p. 469 |
| On the Efficiency of the Market for Double (Quinella) Bets at a Finnish Racetrack | p. 485 |
| Efficient Market Adjustment of Odds Prices to Reflect Track Biases | p. 499 |
| Post Position Bias; An Econometric Analysis of the 1987 Season at Exhibition Park | p. 511 |
| Introduction to the Efficiency of Racetrack Betting Markets in England | p. 529 |
| On the Efficiency and Equity of Betting Markets | p. 533 |
| Winning Systems? Some Further Evidence on Insiders and Outsiders in British Horse Race Betting | p. 545 |
| An Examination of Market Efficiency in British Racetrack Betting | p. 551 |
| An Examination of Market Efficiency in British Racetrack Betting: Errata and Corrections | p. 563 |
| The Dr. Z Betting System in England | p. 567 |
| The Efficiency of Racetrack Betting Markets: Australian Evidence | p. 575 |
| Anomalies in the Gambling Market | p. 583 |
| Tests of the Efficiency of Racetrack Betting Using Bookmaker Odds | p. 593 |
| An Exception to the Risk Preference Anomaly | p. 605 |
| Efficient Market Results in an Asian Setting | p. 615 |
| Cross-Track Betting: Is the Grass Greener on the Other Side? | p. 617 |
| Annotated Additional Bibliography | p. 631 |
| Annotated Bibliography of Handicapping Books | p. 639 |
| Index | p. 643 |
| Table of Contents provided by Blackwell. All Rights Reserved. |