|
|
Skewness Preference
Kvapil, Mikuláš ; Svoboda, Miroslav (advisor) ; Tříska, Dušan (referee)
The diploma thesis is concerned with analysis of behavior of bettors on horse races. The aim is to test the hypothesis that bettors prefer skewness and they are risk averse. In the thesis is used the method of empirical data collection of horse racing in the Czech Republic and their subsequent testing using a regression model. The testing of the presented model did not confirm the hypothesis of skewness preference in the case of betting on horse races in the Czech Republic.
|
|
|
What is the value of trust? How decline of trust influences bets into lotteries of Sazka company.
Vaněčková, Markéta ; Lahvička, Jiří (advisor) ; Babin, Jan (referee)
This thesis reveals the gradual development of trust decline and calculates the impact on amount of bets into two big lotteries, which are run by companies SAZKA (CZ) and TIPOS (SK). Both companies got into financial problems during 2011. The analysis was conducted on data gathered from lists of winners since 2008 (2009) to February 2012 using difference in differences method for particular games. Austrian lotteries were used as a control group. Results for game Sportka (Sazka) shows slight decline since the problems were published by media. For Euromiliony (Sazka) the decline is small up to announcement about inability to pay out prizes. After this both games showed large slump in bets: 70 % for Sportka and 54 % for Euromiliony. The drop has been decreasing up to the end of the monitored period. Loto (Tipos) decreased by 1 % and Euromilióny (Tipos) increased by 27 %. All results are significant at 1 % level. Difference in results is probably due to different character of problematic period for each company and due to state ownership of Tipos.
|
|
|
Financing of sports industry in Czech Republic
Bednářová, Hana ; Hálek, Miroslav (advisor) ; Takáčová, Hana (referee)
The work deals with the history and development models in European financing for professional sport, the characteristics of models and variations in the Czech Republic. Resolves issue of different types of income and their different impact on taxation revenue structure of the companies active in sport, especially ice hockey and football, and different assessments of economic indicators from other businesses as well as displaying different items in the accounts. It also focuses on changes in financing in connection with developments around the lottery company Sazka. The aim is to quantify the importance of sponsorship and advertising use in sport funding and show a concrete example of the hockey club HC Slavia Praha.
|
|
|
Control and detection of unauthorized disposal of the assets of casinos
Ledinská, Kateřina ; Polák, Martin (advisor) ; Molín, Jan (referee)
This work deals with the control and detection of unauthorized disposal of assets casinos. In line with the main aim of the work is divided into four parts. The first section defines the regulating and regulated agencies, by another name casinos and authorities of state supervision. The following section defines assets and the chosen form of unauthorized disposal of them in casinos, complemented by cases where the perpetrator of casinos is within employees the operators themselves. The third part based on the two previous sections is devoted to the description of controls casinos in practice. Controls are firstly divided into those carried out by managers of casinos and controls exercised by organs of state supervision, and then compared with each other. The comparison two control systems are complemented by a fictional example of a connection to the primary records of casinos on the control protocol. The last part provides the legal framework for the previous sections gaming law system.
|
|
|
Long-term development of raw materials prices
Guchshina, Yekaterina ; Čabla, Adam (advisor) ; Vild, Jiří (referee)
This bachelor thesis focuses on long-term development of raw materials and connected with them Simon - Ehrlich bet. Basic data were obtained from accessible databases USGS. The aim of this thesis is by statistical methods to survey the development of prices five metals: copper, tungsten, tin,chromium and nickel, compare the data with an average income and money supply and try to extend famous Simon-Ehrlich wager to 2010 year. This thesis is divided into five parts. In the first two is described wager a background information of the development of metals and their prices. The statistical methods used in the work and their use to equalize basic data are described in the third and fourth chapters. The fifth chapter is an overview of prolongation bet in 1990-2010 period.
|
|
|
Do bettors prefer skewness over risk?
Kvapil, Mikuláš ; Svoboda, Miroslav (advisor) ; Potužák, Pavel (referee)
Bachelor thesis wants to prove the hypothesis that gambling can be explained not only by risk preferences but also by preferences skewness. The work used an empirical method of data collection and subsequently tested them. Data were collected from five hundred rounds of roulette in an online casino with a focus on Czech players. During the test of the econometric model the hypothesis that bettors are risk averse with skewness preferences was confirmed.
|
|
|
Principles of trading on betting exchanges
Karásek, Michal ; Málek, Jiří (advisor) ; Moravec, Lukáš (referee)
Unlike traditional stock exchanges, where bonds, shares and financial derivatives are traded, on the betting exchanges there are traded probabilistic estimates of the results of sporting or social events. The market price of bets, namely the market implied probability is influenced by estimate of the outcome. The specificity of betting exchanges is also a short period to maturity of contracts, and the possibility to trade with the estimated result of one real world event in several sub-markets simultaneously. In theoretical analysis, we have defined the bet, the underlying asset, and the binary betting contract, which is traded on betting exchanges. We have described some practical aspects of trading. Properties of the probabilistic contracts are demonstrated on several examples. Finally, we constructed the mathematical model of a tennis match, which is based on a binomial valuation model. This allows us to compare the market price of a contract with the price recommended by the model.
|
|
|
Finanční analýza
Richtrová, Blanka ; Kopalová, Helena (advisor) ; Metzlová, Hana (referee)
Finanční analýza umožňuje včas rozpoznat blížící se výrobní, odbytovou nebo finanční krizi, stanovit úroveň finančního zdraví podniku, zkvalitnit rozhodovací procesy řízení. Myslím si, že kvalitní finanční řízení se jen těžko obejde bez finanční analýzy. Proto se budu snažit ve své bakalářské práci komplexně posoudit úroveň současného finančního stavu ve společnosti SAZKA, a.s., posoudit vyhlídky na finanční situaci společnosti v budoucnosti a připravit podklady ke zlepšení ekonomické situace.
|
guest ::
