P<sc>aton</sc> D. and V<sc>aughan</sc> W<sc>illiams</sc> L. Do new gambling products displace old? Evidence from a postcode analysis. <italic>Regional Studies</italic>. This paper examines the extent to which new gambling products displace traditional products. In particular, it tests whether the introduction of fixed-odds betting...

Most studies of both pari-mutuel and fixed-odds betting markets have shown a systematic tendency for the expected return to bets at lower odds to exceed those at higher odds. Some work, however, has revealed in certain markets the absence or even reversal of this bias. We present a model which...

This paper shows how an economic approach might be used to provide corroborating evidence to aid investigations into irregularities in price setting in a defined financial market. Evidence on price movements in betting markets is used to suggest an economic framework within which price...

This paper investigates the reason why expected returns to identical bets placed at different odds vary significantly and systematically from one another. It is hypothesized that the cause is the existence for bettors of positive transactions costs. Two different arenas, fixed odds and spread...