season 2009-2010) and the UEFA Champions League (in season 2010-2011) was associated with lower referee bias. To this end, we … means of bivariate probit regression models. We find evidence for substantial referee bias before the introduction of … of referee bias and that they are not just picking up a general time evolution towards less referee bias or the effect of …

This paper examines whether the outcome bias harms price efficiency in betting exchange markets. In soccer, the match … overstated for previously lucky teams and understated for previously unlucky teams. Consistent with the outcome bias, the betting … community overestimates the importance of past match outcomes. Consequently, this bias translates into significantly negative …

in odds pricing, namely the favorite-longshot bias and the away-favorite bias. Furthermore, it tries to answer the … research, confirming the existence of the favorite-longshot bias, but turn out to be in contrast with regard to the away …-favorite bias, for which there is little evidence in the data. Also, we find that a strategy of betting against the favorite …

pervasiveness of a well known Favourite-Longshot Bias (FLB) in the European football betting markets. The odds have been more …

gamblers who place wagers on the team totals line in cases for which expected bias is high. A naïve betting strategy that … exploits this bias using only information contained within the two betting lines themselves yields a win percentage of over 55 …

monopolistic bookmakers will set odds exhibiting favorite-longshot bias while competitive bookmaking markets will not have this …