Probabilities, odds, and vigorish
This paper uses actual data on horse racing to illustrate probabilities, odds, and expected values, and offers cautionary remarks about applying textbook formulas to gambling on real‐world sporting events.
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| Veröffentlicht in: | Teaching statistics 2022-09, Vol.44 (3), p.126-132 |
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| Format: | Artikel |
| Sprache: | eng |
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| container_end_page | 132 |
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| container_issue | 3 |
| container_start_page | 126 |
| container_title | Teaching statistics |
| container_volume | 44 |
| creator | Eisenhauer, Joseph G. |
| description | This paper uses actual data on horse racing to illustrate probabilities, odds, and expected values, and offers cautionary remarks about applying textbook formulas to gambling on real‐world sporting events. |
| doi_str_mv | 10.1111/test.12318 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0141-982X |
| ispartof | Teaching statistics, 2022-09, Vol.44 (3), p.126-132 |
| issn | 0141-982X 1467-9639 |
| language | eng |
| recordid | cdi_proquest_journals_2704794432 |
| source | Wiley Online Library; EBSCOhost Education Source |
| subjects | Gambling Games Horse racing Mathematical Formulas odds parimutuel betting Probability Statistics Statistics Education teaching Teaching methods teaching statistics Textbooks vigorish |
| title | Probabilities, odds, and vigorish |
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