Exotic Betting at the Racetrack
 

Dr. Z has just released a new book through World Scientific publishing -- "Exotic Betting at the Racetrack".

PM me if you're interested in buying a copy from me. You can buy it on amazon in book form or kindle.

http://www.hypernormal.com/html/exoticbetting.jpg

By selling your own copy, are you implying that the book is not worth keeping?

No. I have several copies I offered to sell for Dr. Z, but you can buy it on amazon and get free shipping if you have prime. Or buy the kindle version.

Or you can buy it from me if you don't want to give a billionaire any more money. ;)

He mentioned in a podcast that he's on a team that's starting up. I wonder if it's working out for him...

Link:

Judging from Ziemba's publications -- he has consulted with Benter and other betting groups; is an expert in the mathematics of gambling, and has his hands in a lot of different areas -- Turkish flat weave rugs, financial trading using anomalies, investment consulting, hedge fund owner, horse race owner, financial and gambling author, academic publisher.

Knowing him and his friendship Harry Markowitz, who won the Nobel Prize for his work on portfolio diversification, Ziemba probably works with more than one betting team in order to be diversified. :D

By the way, the interview with Ed Thorp on "Chat With Traders" is also very good.

I wish the show host would also interview Bill Benter.

It's nice to see that someone besides me still writes books on handicapping. I just ordered the kindle version. Ziemba is an interesting guy.

I've been reading his new book. His ideas are pretty much the exact opposite of mine, but some of it is interesting.

Just curious -- how are his ideas the exact opposite of yours? That's a good thing, though, in the pari-mutuel market.

He thinks the edge is in betting favorites. I feel there's way more on an edge with longshots. He's a numbers guy, so am I, but I put way more emphasis on performance type figures than stats. His preference for favorites comes from the simple fact that favorites have a higher ROI than longshots. But, I think that's a moot point because the stats on based on betting every horse in each odds range. Naturally, if you bet on every horse that goes off at 15-1, you'll lose more than if you bet every horse that goes off at even money. But you're not going to do that, you're only going to bet the 15-1 shots that actually have a pretty good chance of winning and should be lower odds.

I can see your point.

Here is a Table of Contents from the pre-release version Dr Z provided me for proofing and review last Summer:

http://paceandcap.com/forums/showpos...86&postcount=5

Ted

I was reading his exotic play chapters yesterday. Interesting that he uses public handicapper selections from a few different sources and makes up his own consensus while developing his plays.

I mentioned this thread and the other one re the Chat With podcast to Dr Ziemba. He asked that I convey his response to pandy's comment bolded above.

Ted

In the past, he thought the edge is in betting overlays


I have bought some books from Amazon that were obviously printed on demand .. I have always wondered if Bezos et al was just stealing them and giving nothing to the publisher.

My brother sells on Amazon. He just lists his books, Amazon notifies him of a sale, and he sends the book out himself. Amazon bills the customer, takes its cut, and gives him the rest. They never see the book.

As I remember, Pandy sells his books there the same way.