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- W1999172355 abstract "This paper verifies the existence of the favourite-longshot bias in a variety of sports betting markets where odds are set by bookmakers, but the precise pattern of the bias is not identical. Evidence is found to support a central prediction of the Shin (1993) model, which asserts that bookmakers are impelled to create a bias in their odds because of the presence of insider traders: that margins increase with the number of competitors." @default.
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- W1999172355 date "2003-09-28" @default.
- W1999172355 modified "2023-09-23" @default.
- W1999172355 title "The Favourite-Longshot Bias, Bookmaker Margins and Insider Trading in a Variety of Betting Markets" @default.
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