Racetrack Betting: The Professors' Guide to Strategies

A day at the races, with its colorful variety and fast-paced action, appeals to people from all walks of life. Not surprisingly, the idea of going home with a few more dollars than when one arrived is part of horseracing's charm. In this entertaining but substantive volume, two distinguished economists, who happen to be horseracing buffs, outline a tested strategy for placing bets that will increase the reader's chances of a happy outcome at the track. In the process, the reader learns some of the most important measurement techniques in the social sciences as well as the basic methods of market analysis.

PETER ASCH is Professor of Economics at Rutgers University.

RICHARD E. QUANDT is Professor of Economics at Princeton University.