Add to ORKGIn betting markets, the expected return on longshot bets tends to be systematically lower than on favorite bets. This favorite-longshot bias is a widely documented empirical fact, often perceived to be an important deviation from the market efficiency hypothesis. This chapter presents an overview of the main theoretical explanations for this bias proposed in the literature
According to the favorite-longshot bias observed in pari-mutuel betting, the final distribution of b...
In parimutuel betting markets, it has been observed that proportionally too many bets are placed on ...
Abstract We use a unique data set from Finnish and Swedish horse race betting markets to explain th...
In betting markets, the expected return on longshot bets tends to be systematically lower than on fa...
The favorite-longshot bias has been referred to as the most longstanding empirical regularity in lit...
Research on sports betting markets has generally found a favorite-longshot bias, the empirical patte...
The favorite-longshot bias has been referred to as the most longstanding empirical regularity in lit...
A large body of literature on the favorite–longshot bias finds that sports bettors in a variety of m...
Empirical studies of horse race betting in the US, the UK, Australia, and Germany have empirically e...
Evidence of differential returns to bets placed with different probabilities of success has revealed...
This paper seeks to offer new insights into the behavioral origins of the 'favourite-longshot' bias ...
This paper offers new insights into the behavioural origins of the favourite-longshot bias - an esta...
The favorite–long shot bias describes the long-standing empirical regularity that betting odds prov...
In sports betting markets, bets on favorites tend to have a higher expected value than bets on longs...
This paper examines the efficiency of the legal gambling market for major league baseball. Weak-form...
According to the favorite-longshot bias observed in pari-mutuel betting, the final distribution of b...
In parimutuel betting markets, it has been observed that proportionally too many bets are placed on ...
Abstract We use a unique data set from Finnish and Swedish horse race betting markets to explain th...
In betting markets, the expected return on longshot bets tends to be systematically lower than on fa...
The favorite-longshot bias has been referred to as the most longstanding empirical regularity in lit...
Research on sports betting markets has generally found a favorite-longshot bias, the empirical patte...
The favorite-longshot bias has been referred to as the most longstanding empirical regularity in lit...
A large body of literature on the favorite–longshot bias finds that sports bettors in a variety of m...
Empirical studies of horse race betting in the US, the UK, Australia, and Germany have empirically e...
Evidence of differential returns to bets placed with different probabilities of success has revealed...
This paper seeks to offer new insights into the behavioral origins of the 'favourite-longshot' bias ...
This paper offers new insights into the behavioural origins of the favourite-longshot bias - an esta...
The favorite–long shot bias describes the long-standing empirical regularity that betting odds prov...
In sports betting markets, bets on favorites tend to have a higher expected value than bets on longs...
This paper examines the efficiency of the legal gambling market for major league baseball. Weak-form...
According to the favorite-longshot bias observed in pari-mutuel betting, the final distribution of b...
In parimutuel betting markets, it has been observed that proportionally too many bets are placed on ...
Abstract We use a unique data set from Finnish and Swedish horse race betting markets to explain th...