Ziemba article

RanchWest

https://www.fmg.ac.uk/sites/default/files/2020-09/dp-103.pdf

The racing world recently lost William Ziemba, who wrote many book and articles on racing, investing and other topics. The link above is to an article he wrote.

William Zayonce

This is a very intriguing article.Its complex and will require several readings to fully understand.

Dave Schwartz

A bit of thread drift, but if you like that one, perhaps you will like this one as well.

SEARCHING FOR POSITIVE RETURNS AT THE TRACK: A MULTINOMIAL LOGIT MODEL FOR HANDICAPPING HORSE RACES

LOGIT is the basis for how the whales play.

Basically, there are two strategies used by the whales.

Logit
Probit

Which leads to this:
Logit vs Probit Models: Differences, Examples

William Zayonce

Thanks Dave! This is another concept that will twist my brain in x directions. LoL

Dave Schwartz

Thanks Dave! This is another concept that will twist my brain in x directions. LoL — William Zayonce

LOL

If you like CX Wong's book, know that there is a link in it to a whole bunch of spreadsheets.

Precision: Statistical and Mathematical Methods in Horse Racing

RanchWest

↪William Zayonce

Yep, I am getting pretzel brain already, but hopefully I can wade through it.

RanchWest

For anyone wondering as I was, LOH-jit, prä-bət.

Dave Schwartz

LOH-jit, prä-bət. — RanchWest

What that mean, Kemosabe?

Could not find a translate page.

RanchWest

That's the pronunciation of the two words. For instance, it is NOT log-it.

Dave Schwartz

That's the pronunciation of the two words. For instance, it is NOT log-it. — RanchWest

Hilarious!
:razz: :rofl:

RanchWest

Hilarious!
:razz: :rofl: — Dave Schwartz

Man, if that's funny, just wait until you hear my comedy routine!

Dave Schwartz

Man, if that's funny, just wait until you hear my comedy routine! — RanchWest

Mama raised me to be po-light.

Ziemba article

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