The Asian Handicap is a way to bet on soccer matches where payouts depend on an adjustment to the score that favors the … possibility of all or half the bet being refunded. We show that bettors systematically lose more money on the type of Asian … Handicap bets where refunds are not possible than they do when it is possible to obtain a half refund and that bets with the …

-longshot bias. Conversely, we document how a betting market that has emerged in recent years, the Asian handicap market, can …

-longshot bias. Conversely, we document how a betting market that has emerged in recent years, the Asian handicap market, can …

The Asian Handicap is a way to bet on soccer matches where payouts depend on an adjustment to the score that favors the … possibility of all or half the bet being refunded. We show that bettors systematically lose more money on the type of Asian … Handicap bets where refunds are not possible than they do when it is possible to obtain a half refund and that bets with the …