R Buhagiar, D Cortis, PWS Newall - Journal of Behavioral and Experimental …, 2018 - Elsevier
Why do some soccer bettors lose more money than others? In an efficient prediction market, each gambler should break-even before costs (but losing a constant amount after costs …
A large body of literature on the favorite–longshot bias finds that sports bettors in a variety of markets appear to have irrational biases toward either longshots (which offer a small chance …
PWS Newall, L Walasek, RV Kiesel… - Journal of Behavioral …, 2021 - akjournals.com
Background and aims Request-a-bet services are a modern gambling product delivered via the social network Twitter, which allow sports bettors to design custom bets. The public …
Gamblers are frequently reminded to 'gamble responsibly'. But these qualitative reminders come with no quantitative information for gamblers to judge relative product risk in skill …
Gambling is considered a public health issue by many researchers, similarly to alcohol or obesity. Statistical risk warnings on gambling products can be considered a public health …
The possibility to use hedging strategies is an often neglected aspect in the literature on prediction/betting markets, as most papers assume that bettors will bet according to their …
Sports betting markets are a laboratory for studying probabilistic judgments in the field. Here we present a study of a new gambling product that allows customers to easily design custom …
G Axén, D Cortis - Journal of Behavioral and Experimental Finance, 2019 - Elsevier
The no-arbitrage conditions on betting markets are well-known and a prerequisite for the market to adhere to elementary rationality assumptions. In this paper, we also apply the …
D Cortis, M Tamturk - AppliedMath, 2022 - mdpi.com
The sports betting industry has been growing at a phenomenal rate and has many similarities to the financial market in that a payout is made contingent on an outcome of an …