FORREST, DAVID; GULLEY, O. DAVID; SIMMONS, ROBERT - In: Economic Inquiry 48 (2010) 1, pp. 26-38
"We apply a novel daily time series data set of daily turnover from one of Britain's leading bookmakers to analyze potential substitution between lottery play and bookmaker betting. We find some evidence that bettors do substitute away from horse race, soccer and numbers betting when the...