This paper uses an analysis of betting decisions made in offcourse betting offices in the UK to explore differences between the nature of male and female betting behaviour. Specifically gender differences in levels of performance, propensity for risk taking and levels of confidence in betting...

This study complements the existing literature on decision-making processes and outcomes in complex settings by exploring the impact of different types of complexity on risk strategies in a naturalistic setting. The study analyses a large sample of decisions made by individuals in UK offcourse...

Pari-mutuel odds for longshots in UK horseraces exceed those offered by bookmakers. This effect is less for winning compared to losing horses and is explained by informed gamblers betting disproportionately with the pari-mutuel on winning horses.

This paper examines empirically the impact of complexity on levels of participation and performance in decision-making under uncertainty. The setting for the study is the UK off- course horserace betting market, which is characterised by important ecological advantages over laboratory or...

The comparative decision-making behaviour of men and women has generated considerable attention in the literature, with recurrent issues including comparative performance, propensity to accept risk and confidence in decision-making. This study focuses on these three aspects of comparative...

This paper looks for evidence of weak form inefficiency in the British racetrack betting market, in particular the bookmaker-based market. In addition, it seeks to identify market segments, based on the degree of expertise of participants (races run during holiday v.s. non holiday periods),...