In this study we examine whether the volume of lottery sales is positively related to the volume of other retail product sales. We find that retail sales are more significantly related to lottery sales than to any other macroeconomic variables. This result is consistent with the hypothesis that...

Survey data on participation in gambling typically contain many zeros. The presence of many zeros presents methodological problems for the analysis of participation in gambling markets and gambling expenditure. The most common techniques for handling zeros in gambling data have been the Tobit...

Gambling research often relies on self-report and cross-sectional data which is limited by inaccuracies in recall. Analysis of behavioural data is necessary to advance conceptual understandings of gambling. This paper analysed player account data of 11,394 customers of a large Australian...

In discussions of gambling addiction to specific games, the market size and the proceeds generated by the game are usually disregarded. Inclusion of these parameters results in a relativization of the picture of gambling addiction. A fundamental principle for such an analysis is the separation...

In this paper we consider the problem of Kelly betting on simultaneous games, and the relative performance of betting strategies that use multibets compared to those that do not. We develop a simulation model based on the Dirichlet distribution to test the performance of three Kelly betting...

Given its high level of regulation, the gambling industry must be able to react quickly to litigation and resulting change in policy (and enforcement thereof). Using a case study approach, this short paper highlights how the twin issues of policy and litigation have recently impacted the...

The sports betting industry is one of the fastest growing industries in the world and therefore the literature on sports betting has gained momentum in the last two decades. The literature mainly focuses on testing the efficiency of the sports betting market. The prediction of game outcomes or...

In the present study, we evaluated the statistical significance of a number of socioeconomic and demographic variables on the demand for office football pool betting in Ibadan, Oyo State of Nigeria. The Ordinary Least Square (OLS) econometric model was employed. The study identifies the...

As lottery becomes a more and more important source for government tax revenue, one opinion argues that governments should strategically manage different lotteries and coordinate the prices of different lotteries. Although, in the literature, many studies have examined single lottery price...

In this paper, using Israeli soccer tournament results from 2009/2010 and an ordered dependent estimation model I calculated for each team, in each game played during the season, the a priori probability of a win, loss or a tie as a function of lag performance. Given these probabilities, the...