Risk-Free Arbitrage in the Japanese Racetrack Betting Market
| Project/Area Number |
24530197
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | Kobe University |
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Principal Investigator |
Ashiya Masahiro 神戸大学, 経済学研究科(研究院), 教授 (10304057)
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| Project Period (FY) |
2012-04-01 – 2016-03-31
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| Project Status |
Completed (Fiscal Year 2015)
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| Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2013: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2012: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
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| Keywords | 裁定取引 |
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| Outline of Final Research Achievements |
This research project has found arbitrage opportunities in the Japanese racetrack betting market, where risk-free profits are guaranteed. There are 175 thoroughbred races operated by Arao city in the period of September 30 through December 23, 2011. Among them, arbitrage opportunities are found in Race 5 on October 20 and Race 11 on November 25. This result is published in Ashiya, M. (2015) “Lock! Risk-Free Arbitrage in the Japanese Racetrack Betting Market.” Journal of Sports Economics, 16(3), April, pp.322-330.
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Report
(5 results)
Research Products
(2 results)
