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chapterNo Access
Chapter 5: Jai Alai arbitrage strategies
- DANIEL LANE and
- WILLIAM T. ZIEMBA
Sports Analytics27 Dec 2021
Preview Abstract
This paper presents arbitrage and risk arbitrage betting strategies for Team Jai Alai. This game is the setting for the analysis and most results generalize to other sports betting situations and some financial market applications. The arbitrage conditions are utility free while the risk arbitrage wagers are constructed according to the Kelly criterion/capital growth theory that maximizes asymptotically long-run wealth almost surely.

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