Cain, Michael; Law, David; Peel, David - In: Scottish Journal of Political Economy 47 (2000) 1, pp. 25-36
It is shown that the individual fixed-odds betting market on UK football exhibits the same favourite-longshot bias as that found in horse-racing. The bias appears both in betting on results (home win, away win or draw) and in betting on specific scores, and there are certain trading rules which...