searching for positive returns at the track: a multinomial ...gambling, expected value, pari-mutuel...

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Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. SEARCHING FOR POSITIVE RETURNS AT THE TRACK: A MULTINOMIAL LOGIT MODEL RUTH N BOLTON; RANDALL G CHAPMAN Management Science (1986-1998); Aug 1986; 32, 8; ABI/INFORM Global pg. 1040

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Page 1: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

SEARCHING FOR POSITIVE RETURNS AT THE TRACK: A MULTINOMIAL LOGIT MODEL FOR HA...RUTH N BOLTON; RANDALL G CHAPMANManagement Science (1986-1998); Aug 1986; 32, 8; ABI/INFORM Globalpg. 1040

Page 2: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 3: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 4: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 5: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 6: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 7: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 8: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 9: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 10: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 11: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 12: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

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Page 13: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 14: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

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Page 15: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 16: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 17: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 18: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 19: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 20: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 21: Searching for Positive Returns at the Track: A Multinomial ...gambling, expected value, pari-mutuel betting, horse-racing, logistic model, multinomial, investment returns, Hong Kong,

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.