Showing 41 - 50 of 277,757
We report striking evidence of semi-strong inefficiency in the UK fixed-odds football betting market using a reputable newspaper tipster which offers probabilities of match outcomes rather than simple result indicators. Betting on the Fink Tank probabilities of home wins across 10 bookmakers,...
Persistent link: https://www.econbiz.de/10010243562
The gaming economy has expanded rapidly in East Asia over the past decade. Despite the known public health hazards of secondhand smoking, smoking bans in casinos remain controversial due to concerns over the potential economic harm to casino firms. Applying an event study, the authors examine...
Persistent link: https://www.econbiz.de/10011557509
This paper explores the seemingly innocuous practice of ignoring the local price vector in empirical models of lottery demand. We argue using consumer theory that local consumption prices should be included and that the failure to consider local prices results in income elasticity of lottery...
Persistent link: https://www.econbiz.de/10013132820
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10013133607
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10013133624
variety of reasons including the fact that they notify the players of these practices via the internet, by disclosures on the …
Persistent link: https://www.econbiz.de/10013134799
Slovene gambling industry has received major attention in last few years due to numerous financial problems of state … decrease of total revenues, while private companies recorded an increase. In 2010, a new strategy for the gambling industry was … approved as a basis for a new gambling act. Despite the fact that it will provide some favorable solutions, state owned …
Persistent link: https://www.econbiz.de/10013099031
This study finds that the extremeness aversion bias documented in decision making studies exists in the sports betting market in which real money is at stake. The magnitude of the bias is large that a naive betting strategy utilizing this bias, since the betting market's inception in 2008...
Persistent link: https://www.econbiz.de/10013105332
We examine the impact of legalized casino gambling, including Indian casinos, on crime. Using county-level data between …
Persistent link: https://www.econbiz.de/10013084136
The Internet gambling industry has witnessed tremendous growth in recent years. Nonetheless, our understanding of … Internet problem gambling behaviour remains in its infancy. In this paper we build on previous research analysing behavioural … markers for high-risk Internet gambling using a new casino data set of active real money Internet gamblers. We assess the …
Persistent link: https://www.econbiz.de/10013091910