Betting against a Bayesian bookie

Glen Meeden

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


For a simple game, the optimal strategy for a Bayesian bettor playing against a Bayesian bookie is found. A necessary and sufficient condition for the bettor’s expected winnings to be positive is given.

Original languageEnglish (US)
Pages (from-to)202-204
Number of pages3
JournalJournal of the American Statistical Association
Issue number373
StatePublished - Mar 1981


  • Bayesian decision making
  • Betting system

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