Dr. Z's beat the racetrack
by W. T. Ziemba · first published 1987
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2010–2019first – last mentioned
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Just off the top of my head, I'd say it's pretty much useless without a betting strategy. I'd recommend starting with "Dr. Z's Beat the Racetrack". It's out of print, but you should be able to find a copy.
on “Ask HN: I have 15 years of horse racing data what should I do with it?” ↗…won about $3 million. The article suggests he came up with arbitrage vs. other bettors in 1990, a kind hedge fund for horse racing “without precedent”. On the contrary, my college roommate and I had Dr. Z’s Beat the Racetrack from 1987: https://smile.amazon.com/Dr-Beat-Racetrack-William-Ziemba/dp... > Benter had achieved something without known precedent: a kind of horse-racing hedge fund, and a quantitative one at that,…
on “A Gambler Who Cracked the Horse-Racing Code (2018)” ↗