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Against all odds? : national sentiment and wagering on European football
Braun, Sebastian (contributor);  … - 2008
This paper studies how national sentiment in the form of either a perception or a loyalty bias of bettors may affect pricing patterns on national wagering markets for international sport events. We show theoretically that both biases can be profitably exploited by bookmakers by way of price...
Persistent link: https://www.econbiz.de/10003726416
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Die Markenstrategie des Deutschen Lotto-Toto-Blocks unter dem Einfluss des Bundesverfassungsgerichts
Albers, Norman (contributor) - 2008
. Following this sentence, a state monopoly in future has to maximize players’ protection and prevention of pathological gambling … conflicts with the requirements of the Supreme Court. -- Gambling ; sports betting ; brand marketing policy ; sports economics …
Persistent link: https://www.econbiz.de/10003784013
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Expert analysis and insider information in horserace betting : regulating informed market behavior
Peirson, John (contributor); Smith, Michael A. (contributor) - 2008
We present a new model analyzing the effect of uncertainty faced by bookmakers. It is shown that bettors with inside information or expert analysis decrease the odds set by profit maximizing bookmakers. Data on previously unraced two year old horses and those that have raced previously are used...
Persistent link: https://www.econbiz.de/10003784959
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Explaining the favorite-longshot bias : is it risk-love or misperceptions?
Snowberg, Erik; Wolfers, Justin - 2010
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning – longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10003958768
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Gambling and the use of credit : an individual and household level analysis
Brown, Sarah; Dickerson, Andrew P.; McHardy, Jolian P.; … - 2010
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10003942188
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Explaining the favorite-longshot bias : is it risk-love or misperceptions?
Snowberg, Eric; Wolfers, Justin - 2010
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10003965888
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Do consumers gamble to convexify?
Crossley, Thomas F.; Low, Hamish; Smith, Sarah - 2011
amongst those likely to be credit constrained. This is consistent with credit constrained, risk-averse agents gambling to … convexify their budget set. -- Gambling ; Lotteries ; Consumption ; Durables …
Persistent link: https://www.econbiz.de/10008991953
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Do consumers gamble to convexify?
Crossley, Thomas F.; Low, Hamish; Smith, Sarah - 2013
who choose to gamble are likely to be larger than for the general population. Using UK data on gambling wins, other … those likely to be credit-onstrained. This is consistent with credit-constrained, risk-averse agents gambling to convexify …
Persistent link: https://www.econbiz.de/10009753240
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Gamblers' rationality in parimutuel soccer betting : strategisches Spielverhalten bei Totalisatorspielen mit nicht-gleichwahrscheinlichen Spielausgängen wie Toto und Torwette
Hauser-Rethaller, Ursula; König, Ulrich; Krylova, Elizaveta - 2000
making under risk and uncertainty ; parimutuel betting ; sports ; gambling …
Persistent link: https://www.econbiz.de/10009724436
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The impact of legalized casino gambling on crime
Nichols, Mark W.; Tosun, Mehmet Serkan - 2013
We examine the impact of legalized casino gambling, including Indian casinos, on crime. Using county-level data between … correlated. -- casino gambling ; crime …
Persistent link: https://www.econbiz.de/10009727724