Searching for the favourite-longshot bias down-under: An examination of the New Zealand pari-mutuel betting market

Applied Economics

Volumn 33, Issue 13, 2001, Pages 1621-1629

  Gandar, John M ^a   Zuber, Richard A ^b   Johnson, R Stafford ^b  

^a UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE   (United States)

^b XAVIER UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

GAMBLING;

NEW ZEALAND;

EID: 0034771179     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/00036840010012951     Document Type: Article

References (20)

1. Probability and utility estimates for racetrack bettors
2. Racetrack betting and informed behavior
3. An exception to the risk preference anomaly
4. Efficient market results in an Asian setting
5. Some evidence of insider knowledge in horse race betting in Britain
6. Market efficiency, long-term returns and behavioral finance
7. Subjective information and market efficiency in a betting market
8. Odds adjustment by American horse race bettors
9. Betting and equilibrium
10. The economics of wagering markets
11. Inside information in a betting market
12. Measuring the incidence of insider trading in a market for state-contingent claims
13. Racetrack wagering and the uninformed bettor: A study of market efficiency
14. Anomalies - Parimutuel betting markets, racetracks and lotteries
15. Why is there a favourite-longshot bias in British racetrack betting markets?
16. Why are some favourite-longshot biases positive and others negative?
17. Do betting costs explain betting biases?
18. Utility analysis and group behavior: An empirical study
19. Market efficiency and the favourite-longshot bias: The baseball betting market