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uncertainty. Sports betting provides the testing ground, as we exploit an original dataset containing more than one million online …
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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 …
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