How Bookmakers Create Their Odds.

Fletcher, M.

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Peer reviewed

ERIC Number: EJ588633

Record Type: Journal

Publication Date: 1999

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0268-3679

EISSN: N/A

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How Bookmakers Create Their Odds.

Fletcher, M.

Teaching Mathematics and Its Applications, v18 n1 p12-14 Mar 1999

Describes how bookmakers calculate the betting odds on each of the horses in a race. Explains how the theory of probability is related to oddsmaking. (Author/WRM)

Descriptors: Higher Education, Horses, Mathematical Concepts, Mathematics Instruction, Probability, Secondary Education

Publication Type: Guides - Classroom - Teacher; Journal Articles

Education Level: N/A

Audience: N/A

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A

Author Affiliations: N/A