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Dr William T. Ziemba should be well-known to students of horse race betting. Author of Beat the Racetrack, Efficiency Of Racetrack Betting Markets and Handbook of Sports and Lottery Markets (Handbooks in Finance), William Ziemba is a prolific writer.
Dr Ziemba specialises in market efficiency be it at the racetrack or on Wall Street. Along with Donald B. Hausch he wrote the book on exploiting market inefficiencies in the Tote betting market using Kelly Criterion. Ziemba has also edited collections of papers by other well known practitioners in the field of sports betting.
Here is a (not exhausted) list of market efficiency and capital growth (Kelly Criterion) citations for Dr Z.

Bain, R.S., Hausch, D.B., & Ziemba, W.T. (2006) An Application of Expert Information to Win Betting on the Kentucky Derby 1981-2005. The European Journal of Finance,12-4, p. 283-301.
Canfield, B.R., Fauman, B.C & Ziemba, W.T. (1987) Efficiency Market Adjustment of Odds Prices to Reflect Track Biases. Management Science, 33-11, pp. 1428-1439.
Hakansson, N.H. & Ziemba, W.T. (1995) Capital Growth Theory. Handbooks in Operations Research & Management Science, 9, pp.65-86.
Hausch, D. B., Lo, V.S.Y. & Ziemba, W.T. (1994) Efficiency of Racetrack Betting Markets, San Diego, London: Academic Press.
Hausch, D.B. & Ziemba, W.T. (1985) Transactions Costs, Extent of Inefficiencies, Entries and Multiple Wagers in a Racetrack Betting Model. Management Science, 31-4, pp. 381-394.
Hausch, D.B. & Ziemba, W.T. (1990) Arbitrage Strategies for Cross-Track Betting on Major Horse Races. The Journal of Business, 63-1, pp.61-78.
Hausch, D.B. & Ziemba, W.T. (1990) Locks at the Racetrack. Interfaces, 20-3, pp. 41-48.
Hausch, D.B. & Ziemba, W.T. (2008) Handbook of Sports and Lottery Markets Amsterdam, Boston: Elsevier/North-Holland.
LotteryHausch, D.B., Ziemba,W.T. & Rubinstein, M. (1981) Efficiency of the Market for Racetrack Betting. Management Science, 27-12, pp. 1435-1452.
Judah, S. & Ziemba, W.T. (1983) Three Person Baccarat. Operations Research Letters, 2-4, pp. 187-192.
Lane, D. Ziemba, W.T. (2004) Jai Alai Arbitrage Strategies.

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The European Journal of Finance, 10-5, pp. 353-369.
Maclean, L.C., Thorp, E.O. & Ziemba, W.T. (2010) Long-Term Capital Growth: The Good and Bad Properties of the Kelly and Fractional Kelly Capital Growth Criteria. Quantitative Finance, 10-7, pp. 681-687.
MacLean, L.C., Thorp, E.O., Zhao, Y. & Ziemba, W.T. (2011) How Does the Fortunes Formula Kelly Capital Growth Model Perform? The Journal of Portfolio Management, 37-4, pp. 96-111.
MacLean, L.C., Ziemba, W.T. & Blazenko, G. (1992) Growth Versus Security in Dynamic Investment Analysis. Management Science, 38-11, pp. 1562-1585.
Thaler, R.H. & Ziemba, W.T. (1988) Anomalies - Parimutuel Betting Markets: Racetracks and Lotteries The Journal of Economic Perspectives, 2-2, pp. 161-174.
Ziemba, W.T. (2005) The Symmetric Downside-Risk Sharpe Ratio

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. The Journal of Portfolio Management, 32-1, pp. 108-122.

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Books by William Ziemba