longshot bias is dominant, favorite bias has also now been found in a variety of sports betting markets. This review proposes … longshot bias. The presence of restricted odds ranges within any given betting market provides an explanation for why single …A large body of literature on the favorite-longshot bias finds that sports bettors in a variety of markets appear to …

Research on sports betting markets has generally found a favorite-longshot bias, the empirical pattern for loss rates …. The existing literature focuses largely on pari-mutuel betting but favorite-longshot bias is also evident in fixed …-odds online betting markets of the type that are growing rapidly around the world. Explanations for this bias in previous work on …