Dr. Marshall Gramm is a professor of economics at 51 College. He has over a dozen academic publications related to the sport of horse racing in journals including the Southern Economic Journal, Applied Economics, The American Journal of Economics and Sociology, and The Journal of Gambling Business and Economics. An avid horseplayer, Marshall finished 9th of 670 at the National Handicapping Championships (NHC) in 2019 and was 5th of 391 in the 2018 Breeders’ Cup Betting Challenge. He has qualified the last six years for the National Handicapping Championships (NHC). Marshall has been an owner of race horses since he claimed his first horse in 2008.
He was managing partner of High Point Thoroughbred Partners (HPTP), the 9th leading owner by wins in 2013. HPTP won the Owners Title that year at Parx Racing and Monmouth Park. He co-founded Ten Strike Racing in 2016 with former HPTP partner Clay Sanders. Since then Ten Strike Racing has over 275 wins at 24 different racetracks. Ten Strike Racing has won 11 stakes races and won the Owners Title at Parx Racing in 2016 and 2017. Marshall has also bred four stakes horses from his modest broodmare band. He is on the board of the Thoroughbred Idea Foundation (TIF) and the Thoroughbred Owners and Breeders Association (TOBA). Marshall holds a B.A. from Rice University and Ph.D. in Economics from Texas A&M University.
SELECTED PUBLICATIONS
Marshall K. Gramm and Douglas H. Owens, “Efficiency in Parimutuel Betting Markets Across Wagering Pools in the Simulcast Era," Southern Economic Journal, vol. 73, no.4, April 2006
Marshall K. Gramm and Douglas H. Owens, “Determinants of Betting Market Efficiency,” Applied Economics Letters, 12(3): 85-92.
Education
Ph.D., Texas A & M University
