Probabilities, odds, and vigorish

被引:0
作者
Eisenhauer, Joseph G. [1 ]
机构
[1] Univ Detroit Mercy, Coll Business Adm, Detroit, MI 48221 USA
关键词
teaching; odds; parimutuel betting; probability; teaching statistics; vigorish;
D O I
10.1111/test.12318
中图分类号
G40 [教育学];
学科分类号
040101 ; 120403 ;
摘要
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.
引用
收藏
页码:126 / 132
页数:7
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