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Showing 1 to 4 of 4 for “"Wagering"”.
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Methods for the identification and optimal exploitation of profitable betting scenarios
… A new gambling strategy, dubbed consolidated wagering is introduced. It is demonstrated that consolidated wagering outperforms all other candidate methods when considering string bets (multiple bets on the same event, at different odds). The application of these methods to investing in …
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A study verifying the simulation of market trading with Dynamic Pari-Mutuel mechanism using Python
Wagering is common in various arenas that include but not limited to horse racing, casinos, financial markets and stock trading. Several market mechanisms are used in these markets to predict the outcome based on the available information and make an educated decision in an investment involving …
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Eliciting and Aggregating Information for Better Decision Making
… between several desirable properties for wagering mechanisms, showing that the properties of Pareto efficiency, incentive compatibility, budget balance, and individual rationality are incompatible with one another. We propose two compromise solutions by relaxing either Pareto efficiency or …
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The Influence of Sports Betting Advertising on Young People: Mechanisms of Persuasion
In recent years, participation in sports betting has increased considerably in Australia, particularly among young people. While many individuals engage in sports betting without any negative consequences, there are some young individuals who do experience negative outcomes as a result of their …