RodCarvalho

9 ms·

1. 1.▲
   by RodCarvalho 16y ago

   I don't know the answer to that. If somebody does, that person is probably Erwin: http://yetanothermathprogrammingconsultant.blogspot.com/
2. 2.▲
   by RodCarvalho 16y ago

   The ideas are simple. Instead of having a double sum, we can have a matrix product of the form 1_m^T X 1_n, which is nothing more than a compact way of writing the sum of all the entries of matrix X. Note that vec(X) is a mn-dimensional vec
3. 3.▲
   by RodCarvalho 16y ago

   The crux of the matter is the linear program. All that math using vec(), diag(), and Hadamard / Kronecker products serves only to build the Q matrix. If the numbers of bookies and outcomes are small, then you can build the Q matrix by hand
4. 4.▲
   by RodCarvalho 16y ago

   I am the author of the post. Your criticism is valid. There are a number of academic papers on fixed-odds betting. Too many, in fact. Here are some: http://www.ncer.edu.au/papers/documents/WPNo48.pdf http://www.jstor.org/stable/2353237