Do (Australian) jockeys have hot hands?

Published on 2019-11-03T13:06:21Z (GMT) by
<div><p>We extend the empirical analysis of hot hands in sports to horse racing, using the winning streaks of a sample of jockeys riding in Australia. Grouping jockeys by strike rate (win percentage), we find evidence of hot hands across almost all strike rates. But considering jockeys individually, only a minority exhibit hot hands. A wagering strategy based on hot hands yields a negative return overall and for most hot hand jockeys, although some do yield a positive return. We conclude that hot hands are present but not ubiquitous and that this is generally recognised in the betting market.</p><p>JEL Classification: <b>C53, D81, D84</b></p></div>

Cite this collection

Wrathall, Robert; Falvey, Rod; Rajaguru, Gulasekaran (2019): Do (Australian) jockeys have hot hands?. SAGE Journals. Collection.