Johnson, Johnnie E. V., Peel, D., Peirson, John D. (2010) Systematic and Varying Biases in Parallel State Contingent Gambling Markets. Economics Letters, 109 (2). pp. 82-84. ISSN 0165-1765. (doi:10.1016/j.econlet.2010.08.015) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:40238)
| The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
| Official URL: http://dx.doi.org/10.1016/j.econlet.2010.08.015 |
Abstract
Pari-mutuel odds for longshots in UK horseraces exceed those offered by bookmakers. This effect is less for winning compared to losing horses and is explained by informed gamblers betting disproportionately with the pari-mutuel on winning horses.
| Item Type: | Article |
|---|---|
| DOI/Identification number: | 10.1016/j.econlet.2010.08.015 |
| Additional information: | number of additional authors: 2; |
| Uncontrolled keywords: | Betting; Horseracing; Efficient markets |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Divisions > Division of Human and Social Sciences > School of Economics |
| Depositing User: | Stewart Brownrigg |
| Date Deposited: | 07 Mar 2014 00:05 UTC |
| Last Modified: | 16 Nov 2021 10:15 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/40238 (The current URI for this page, for reference purposes) |
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