Newall, Philip W. S.; Cortis, Dominic - In: Risks : open access journal 9 (2021) 1/22, pp. 1-9
A large body of literature on the favorite-longshot bias finds that sports bettors in a variety of markets appear to … longshot bias is dominant, favorite bias has also now been found in a variety of sports betting markets. This review proposes … studies support, at most, one bias. This literature review highlights how individual sports bettors might possess biases …