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DC Field | Value | Language |
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dc.contributor.author | Cortis, Dominic | - |
dc.date.accessioned | 2019-06-26T08:08:28Z | - |
dc.date.available | 2019-06-26T08:08:28Z | - |
dc.date.issued | 2019-06 | - |
dc.identifier.citation | Cortis, D. (2019). On developing a solvency framework for bookmakers. Variance: Advancing the Science of Risk, 12(2), 214-225. | en_GB |
dc.identifier.issn | 19406444 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/44428 | - |
dc.description.abstract | The betting industry has grown significantly but there have been no developments in creating a regulatory framework akin to the EU Solvency and Capital Requirement Directives in the Financial Services. This work derives a modular method to calculate the profit and variance of a portfolio of wagers placed with a bookmaker by subdividing these into bundles according to their likelihood size. This calls for improved risk manage-ment and regulatory set-ups similar to those of the financial services industry, which should include a minimum capital requirement for bookmakers to accept a particular number of bets — “A passport for taking risks.” | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | Casualty Actuarial Society | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Bookmakers (Gambling) | en_GB |
dc.subject | Gambling industry | en_GB |
dc.subject | Financial risk | en_GB |
dc.subject | Gambling | en_GB |
dc.subject | Financial risk management | en_GB |
dc.subject | Finance, Personal | en_GB |
dc.title | On developing a solvency framework for bookmakers | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | Variance : Advancing the Science of Risk | en_GB |
Appears in Collections: | Scholarly Works - FacEMAIns |
Files in This Item:
File | Description | Size | Format | |
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Published Version.pdf | 199.1 kB | Adobe PDF | View/Open |
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