The Dark Side of the Diamond: Gambling, Violence, Drugs and Alcoholism in the National Pastime

The Dark Side of the Diamond: Gambling, Violence, Drugs and Alcoholism in the National Pastime Review

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The Dark Side of the Diamond: Gambling, Violence, Drugs and Alcoholism in the National Pastime Feature

Roger Abrams latest book discusses the vices of baseball and how they reflect American society. The Dark Side of the Diamond relates little-known parts of baseball history, presenting evidence of game-fixing and gambling dating to the mid-19th century. Cobb, Ruth, Mantle, Rose, and Bonds are both idols and flawed human beings. While baseball can teach young people resourcefulness, fortitude, teamwork and pride, it is just as likely to instruct them in violence, disparagement, cheating, and human frailty.

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Forecasting in Financial and Sports Gambling Markets: Adaptive Drift Modeling

Forecasting in Financial and Sports Gambling Markets: Adaptive Drift Modeling Review

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Forecasting in Financial and Sports Gambling Markets: Adaptive Drift Modeling Feature

A guide to modeling analyses for financial and sports gambling markets, with a focus on major current events

Addressing the highly competitive and risky environments of current-day financial and sports gambling markets, Forecasting in Financial and Sports Gambling Markets details the dynamic process of constructing effective forecasting rules based on both graphical patterns and adaptive drift modeling (ADM) of cointegrated time series. The book uniquely identifies periods of inefficiency that these markets oscillate through and develops profitable forecasting models that capitalize on irrational behavior exhibited during these periods.

Providing valuable insights based on the author's firsthand experience, this book utilizes simple, yet unique, candlestick charts to identify optimal time periods in financial markets and optimal games in sports gambling markets for which forecasting models are likely to provide profitable trading and wagering outcomes. Featuring detailed examples that utilize actual data, the book addresses various topics that promote financial and mathematical literacy, including:

• Higher order ARMA processes in financial markets

• The effects of gambling shocks in sports gambling markets

• Cointegrated time series with model drift

• Modeling volatility

Throughout the book, interesting real-world applications are presented, and numerous graphical procedures illustrate favorable trading and betting opportunities, which are accompanied by mathematical developments in adaptive model forecasting and risk assessment. A related web site features updated reviews in sports and financial forecasting and various links on the topic.

Forecasting in Financial and Sports Gambling Markets is an excellent book for courses on financial economics and time series analysis at the upper-undergraduate and graduate levels. The book is also a valuable reference for researchers and practitioners working in the areas of retail markets, quant funds, hedge funds, and time series. Also, anyone with a general interest in learning about how to profit from the financial and sports gambling markets will find this book to be a valuable resource.

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