I hypothesize that the stock market and the market for horse race betting move in the same direction. When the economy is strong and the stock market is having a positive year, the market for horse race betting will show an increase in total amount wagered. This paper will focus on equities markets compared to the market for horse race betting.
Recommended CitationSmevold '03, Kristin (2003) "Horse Race Betting and the Stock Market," The Park Place Economist: Vol. 11
Available at: http://digitalcommons.iwu.edu/parkplace/vol11/iss1/17