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Rob Reck
Principal Analyst
Paddy Power
€5.7bn
Price Change Distribution The Growth of Sports Sports Models & Feeds Recent Technical Leaps: Mobile; HPC; SPE
85% of Turnover in Retail Estate Targets Set on UK & Ireland Automated Risk Management
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
• Flick of a fair coin - 50% probability for both Heads & Tails
• Bookmaker offers 9/10 each side
• Bookmaker’s ‘overrround’ = sum(1/(1+odds)) = 105.26%
• Expected profit for bookmaker = 1 – (1+ 9/10) * 50% = 5%
(so many)
Questions