Sports games and events are a fruitful area to study and evaluate betting strategies because there is a lot of data and mean reversion. With prices changing continuously, risk arbitrage bets can be made. In addition, small errors, such as a penalty to a player or an error in a referee’s call, can change the score of a match and the corresponding betting prices. Collecting and analyzing game data can inform players, coaches, and staff on effective decision-making at sporting events.
This book is a collection of applications of analytical techniques to a number of popular sports, including baseball, basketball, hockey, Jai Alai, NFL football and horse racing, with an emphasis on both sports event statistics and event betting strategies. The subject is fascinating as there are twists and subtle complicated decisions.
Dr Leighton Vaughan Williams, Head of Betting Research Unit at Nottingham Business School, said: “This is a tour de force for sports enthusiasts who want to better understand the strategies, and for sports bettors who want tips on how to analyze team sports and design winning strategies…highly recommend.”
Spot analysis is aimed at sports enthusiasts, coaches, sports players and bettors, students and users of arbitrage and risk arbitrage strategies. The book retails for US$39.95/£35 (paperback) and US$85/£75 (hardcover) and is also available in electronic format. To order or learn more about the book, visit http://www.worldscientific.com/worldscibooks/10.1142/12566.
about the authors
Leonard C MacLean is professor emeritus at Dalhousie University. His research focuses on stochastic models in finance and repairable systems models in aviation. More details at https://www.dal.ca/faculty/management/rsb/faculty-and-staff/our-faculty/leonard-maclean.html.
William T. Ziemba is a former professor (emeritus) of financial modeling and stochastic optimization at the Sauder School of Business at the University of British Columbia, where he taught from 1968 to 2006. His Ph.D. is from the University of California, Berkeley . He currently teaches part-time and makes short research visits to various universities. He is currently Emeritus Visiting Research Associate at the Systemic Risk Center at the London School of Economics. He has been visiting professor at Cambridge, Oxford, London School of Economics, University of Reading and Warwick in the United Kingdom, Stanford, UCLA, Berkeley, MIT, University of Washington and Chicago in the United States, Universities of Bergamo, Venice and Luiss in Italy, the universities of Zurich, Cyprus, Tsukuba (Japan), KAIST (Korea), National University of Singapore and Nanyang Technological University (Singapore). He has been a consultant to a number of leading financial institutions including Frank Russell Company, Morgan Stanley, Buchanan Partners, RAB Hedge Funds, Gordon Capital, Matcap, Ketchum Trading and, in gambling , for BC Lotto Corporation, SCA Insurance, Singapore Pools, Canadian Sports Pool, Keeneland Racetrack and certain racetrack syndicates in Hong Kong, Manila and Australia. His research focuses on asset-liability management, portfolio theory and practice, security market imperfections, Japanese and Asian financial markets, hedge fund strategies, risk management, sports investing and lotteries and applied stochastic programming. More details at http://www.williamtziemba.com/.
About World Scientific Publishing Co.
World Scientific Publishing is a leading independent international publisher of books and journals for the academic, research and professional communities. World Scientific collaborates with prestigious organizations like the Nobel Foundation and US National Academies Press to bring high-quality academic and professional content to researchers and scholars around the world. The society publishes about 600 books and more than 140 journals in various fields every year. To learn more about World Scientific, visit www.worldscientific.com.
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