Computer Betting Special with Marshall Gramm

PTF sits down with Marshall Gramm for a lengthy discussion about computer betting and computer teams -- who are they, what do they do, where do they come from, and what do they mean to you? Throughout the chat, several resources to learn more are mentioned and we'll link to those in these show notes.

Here's Marshall's tweet about calculating imputed odds.

Articles and books:

Bill Benter (1994) “Computer Based Horse Racing Handicapping and Wagering Systems: A Report” from Bill Ziemba’s anthology “Efficiency of Racetrack Betting”(1994-benter)

Ruth Bolton and Randall Chapman (1986) “Searching for Positive Returns at the Track: A Multinomial Logit Model for Handicapping Horse Racing” in Management Science (Bolton_Chapman_1986)

The Gambler Who Cracked the Horse-Racing Code by Kit Chellel in Bloomberg (2018)

The Gambler Who Cracked the Horse-Racing Code - Bloomberg

I used AI to bet on horse-racing. Here’s what happened in FT Magazine (2023)

I used AI to bet on horse-racing. Here’s what happened | Financial Times (ft.com)

Books

Precision by CX Wong (2011)

Precision: Statistical and Mathematical Methods in Horse Racing: Wong, C X: 9781432768522: Amazon.com: Books

Calculated Bets by Steve Skiena (2001)

Amazon.com: Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win (Outlooks): 9780521009621: Skiena, Steven S.: Books