Friday, June 24, 2011

Arbitrage

After watching Numb3rs Season 3 - Longshot, I review the lessons in this episode in this site
http://www.math.cornell.edu/~numb3rs/samuelson/last2/num306.html. The Arbitrage section was rather interesting.

I looked into our Singapore pool betting system particularly on the soccer bets where there are odds defined and true indeed, the reciprocal of the odds are always greater than 1.


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