Introduzione – 1. Formulazione delle ipotesi - 2. Verifica empirica - 2.1 Statistiche descrittive - 2.2 Efficienza previsionale - 2.3 «The Favorite-Longshot Bias» - Conclusioni - Bibliografia

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling...

There is evidence that stock market investors overreact to stocks that have been identified as winners and losers. This article examines whether contrarian strategies of selling (betting against) winners and buying (betting on) losers are successful in the gambling market for professional...

Although state-operated lotto games have the worst average expected payoffs among common games of chance, because the jackpot can accumulate, the maximum expected payoff is potentially unlimited. It is possible, therefore, that lotto can exhibit a positive expected return. This paper examines...

Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. For this reason, cities and countries compete vigorously for the right to stage these spectacles. Recently,...

Using records of Internet gambling subscribers (n = 1,384), this study tested the Pareto principle: about 20% of customers, “the vital few,” are responsible for about 80% of the activity, while 80%, “the trivial many,” are responsible for the remaining 20%. Participants completed the...

Gambling, drinking, and smoking have often been examined for their relatedness. Researchers have conducted numerous empirical studies to determine whether there are significant relationships among the three activities. The commonly used research approach in prior studies was to collect primary...

Consumer interest in horse racing has declined significantly in North America. In an attempt to reverse this decline, additional gambling opportunities, including simulcast betting, have been added at race tracks. This paper investigates the impact of simulcast betting on live racing handle at...

Previous research has examined participation in betting in general, while sports bets have not been investigated specifically. The purpose of this study is to investigate the participation in sports betting and the mechanisms to place bets in Germany. Based on the economic household theory, it...

The utility of gambling model posits that consumption benefits lead rational agents to gamble when faced with negative expected financial returns. We analyze the determinants of bet volume and dollars bet on NCAA basketball games from three on-line sports books to test the predictions of this...