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or the jackpot. Additionally, we evaluate the importance of the composition of the list of games in terms of whether … First Division matches are included or not. Results show that the jackpot model is preferred to the effective price model …
Persistent link: https://www.econbiz.de/10005572649
, the effective price of a bet, and the jackpot. Additionally, we evaluate the importance of the composition of the list of … jackpot, but not the effective price, have significant effects on sales, which could have important implications in terms of …
Persistent link: https://www.econbiz.de/10011139167
Government sponsored lotteries operate around the world. Their popularity has grown substantially over time. Legal lottery gambling generates significant public revenue, much of it from the lower part of the income distribution. Lottery is almost always an unfair bet, so explaining the purchase...
Persistent link: https://www.econbiz.de/10009350183
lotto games. The entry fee was not changed but the familiar 6/49 format was replaced by 5/54 + 1/10. This considerably … jackpot of €5m introduced. The change in rules provides an unusual opportunity to study the effect on sales of features of … lotto games other than entry fee and pay-back rate. The changes in design appear in this case to have allowed the operator …
Persistent link: https://www.econbiz.de/10008800420
Persistent link: https://www.econbiz.de/10009501308
Persistent link: https://www.econbiz.de/10010195905
Regulatory and industry decisions influencing commercial gambling activities require clear understanding of the role that stakes and prizes play in the development and facilitation of gambling-related harm. Although industry proponents argue for increases in stakes and prizes to meet market...
Persistent link: https://www.econbiz.de/10010798270
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
the first one in analyzing the marketing strategy of the public Lotto companies and hereby discussing existing goal …
Persistent link: https://www.econbiz.de/10003784013
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