Background and aims A literature exists on the structural characteristics of electronic
gambling machines (EGMs), which are design innovations that can promote spending …

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 …

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 …

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 …

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 …