A large body of literature on the favorite-longshot bias finds that sports bettors in a variety of markets appear to … longshot bias is dominant, favorite bias has also now been found in a variety of sports betting markets. This review proposes … only two potential outcomes, where the favorite therefore has a probability >0.5 of happening, often produce favorite bias …

pervasiveness of a well known Favourite-Longshot Bias (FLB) in the European football betting markets. The odds have been more …In this article we discuss bookmaker margins embedded in odds for "1X2" bets in the European football betting markets … on 116,150 football matches, containing results and odds from 13 major bookmakers. The data set covers 19 major European …

effect of referee bias on the performance of football teams. The impartiality of referees is often distorted by external …Based on the Calciopoli scandal, which uncovered widespread corruption in Italian football, this paper quantifies the … the different effects of these two forms of bias, and help to shed light on several aspects of the corruption scandal …