Systematic and varying biases in parallel state contingent gambling markets

J.E.V. Johnson; D. Peel; J. Peirson

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Systematic and varying biases in parallel state contingent gambling markets

机译：平行州或有性博彩市场中的系统性偏差和变化性偏差

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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.

机译：英国赛马中远距离射击的赔率-赔率超过了庄家提供的赔率。与输掉的马匹相比，获胜的效果要小一些，这是因为有见识的赌徒与赢马匹敌的比例过高。

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来源
《Economics letters》 |2010年第2期|p.82-84|共3页
作者
J.E.V. Johnson; D. Peel; J. Peirson;
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作者单位

Centre for Risk Research, University of Southampton, United Kingdom;

Department of Economics, University of Lancaster, United Kingdom;

School of Economics, Keynes College, University of Kent, Canterbury, Kent CT2 7NP, United Kingdom;

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原文格式 PDF
正文语种 eng
中图分类
关键词
betting; horseracing; efficient markets;

机译：投注赛马有效市场;
入库时间 2022-08-17 23:11:07

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Systematic and varying biases in parallel state contingent gambling markets

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