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Characteristics of households who participate in gambling markets in the US, and the determinants of household … expenditure on gambling, are investigated using data from the Consumer Expenditure Survey (CEX). I estimate empirical models of … participation in gambling markets and gambling expenditure using Tobit and double hurdle estimators. A likelihood ratio test rejects …
Persistent link: https://www.econbiz.de/10008800419
Over the past half century, there has been an increasing prevalence of legalized gambling in the US. At the same time … products tends to be regressive in nature. In addition, gambling addiction is a widely acknowledged social problem. This raises …
Persistent link: https://www.econbiz.de/10010616801
that the 2008-2009 stimulus packages substantially increased gambling at EGMs in Victoria. We find no unexpected increase …
Persistent link: https://www.econbiz.de/10010628501
Currently, several proposed changes in sports betting laws are being debated in the United States and the European Union. This article examines the characteristics of sports bettors in three countries, Canada, Spain, and the United Kingdom, to determine who bets on sports in environments where...
Persistent link: https://www.econbiz.de/10010578411
Gambling research often relies on self-report and cross-sectional data which is limited by inaccuracies in recall …. Analysis of behavioural data is necessary to advance conceptual understandings of gambling. This paper analysed player account … gamblers can be identified and appropriately targeted with player education and responsible gambling strategies. …
Persistent link: https://www.econbiz.de/10010611894
In this paper we consider the problem of Kelly betting on simultaneous games, and the relative performance of betting strategies that use multibets compared to those that do not. We develop a simulation model based on the Dirichlet distribution to test the performance of three Kelly betting...
Persistent link: https://www.econbiz.de/10010611896
In this paper, using Israeli soccer tournament results from 2009/2010 and an ordered dependent estimation model I calculated for each team, in each game played during the season, the a priori probability of a win, loss or a tie as a function of lag performance. Given these probabilities, the...
Persistent link: https://www.econbiz.de/10010611901
The last hour of betting for the wagering market in the National Football League (NFL) was examined. In a sample of offshore sportsbooks, nearly a quarter of all bets on NFL games occured in the last hour before kickoff. Bets were shown not to be balanced between each side of the betting...
Persistent link: https://www.econbiz.de/10010905505
. Following this sentence, a state monopoly in future has to maximize players’ protection and prevention of pathological gambling …
Persistent link: https://www.econbiz.de/10010265651
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/10010271301