monopolistic bookmakers will set odds exhibiting favorite-longshot bias while competitive bookmaking markets will not have this …

type of political bias in courts that has been previously unexplored, anti-political class bias …

This paper examines whether the outcome bias harms price efficiency in betting exchange markets. In soccer, the match … overstated for previously lucky teams and understated for previously unlucky teams. Consistent with the outcome bias, the betting … community overestimates the importance of past match outcomes. Consequently, this bias translates into significantly negative …