Show simple item record

dc.contributor.advisorTularam, Anand
dc.contributor.authorHopf, Craig
dc.date.accessioned2018-08-31T03:36:06Z
dc.date.available2018-08-31T03:36:06Z
dc.date.issued2014
dc.identifier.doi10.25904/1912/3036
dc.identifier.urihttp://hdl.handle.net/10072/366832
dc.description.abstractThe horserace betting market is a subset of the financial market space, and wagering typically inherits a defined return – to – risk trade-off. For horserace betting input into institutional portfolio to be plausible, the payoff – to – risk trade-off from betting must be acceptable for the fund when compared with the return – risk trade-off from the existing mainstream assets included in portfolio investment. A new paradigm for horserace betting modelling and investing is acclaimed in this thesis, as premiss for betting input into institutional portfolio. An exchange traded betting fund is developed in the thesis that is able to generate pre-race (and within-race) investment arbitrage that offers an acceptable, defined return – risk trade-off for the risk averse investor. The extensive former horserace betting market stochastic modelling theory that forecasts racer expected outcomes and payoff, is today succeeded by this research that develops a deterministic horserace betting model (and algorithm) that generates defined payoff for the fund. This deterministic betting model challenges the existing semi-strong efficient market hypothesis toward horserace betting that no betting strategy consistently outperforms the financial market’s benchmark return. Subsequently, the primary research (alternative) hypothesis tested is H_a: profitable exchange traded horserace betting fund with deterministic payoff exists for acceptable institutional portfolio investment.
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane
dc.rights.copyrightThe author owns the copyright in this thesis, unless stated otherwise.
dc.subject.keywordsHorserace betting
dc.subject.keywordsStochastic modelling theory
dc.titleExchange traded horserace betting fund with deterministic payoff – a mathematical analysis of a profitable deterministic horserace betting model
dc.typeGriffith thesis
gro.facultyScience, Environment, Engineering and Technology
gro.rights.copyrightThe author owns the copyright in this thesis, unless stated otherwise.
gro.hasfulltextFull Text
dc.contributor.otheradvisorGabric, Albert
gro.identifier.gurtIDgu1433223878552
gro.source.ADTshelfnoADT0
gro.source.GURTshelfnoGURT
gro.thesis.degreelevelThesis (Masters)
gro.thesis.degreeprogramMaster of Philosophy (MPhil)
gro.departmentGriffith School of Environment
gro.griffith.authorHopf, Craig


Files in this item

This item appears in the following Collection(s)

Show simple item record