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Applied Economics Letters Volume 10, 2003 - Issue 5
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Original Articles

Broken odds and the favourite-longshot bias in parimutuel betting: a direct test

W. David Walls Department of Economics, University of Calgary, Canada
&
Kelly Busche Department of Economics, Columbia College, Canada
Pages 311-314 | Published online: 06 Oct 2010

Citations (5)

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Read on this site (3)

Jinook Jeong, Jee Young Kim & Yoon Jae Ro. (2019) On the efficiency of racetrack betting market: a new test for the favourite-longshot bias. Applied Economics 51:54, pages 5817-5828.
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Paul Geertsema & Christoph Rainer Schumacher. (2016) Parimutuel contests with strategic risk-sensitive bettors. Applied Economics 48:12, pages 1140-1158.
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N. Bhattacharya & T. A. Garrett. (2008) Why people choose negative expected return assets  – an empirical examination of a utility theoretic explanation. Applied Economics 40:1, pages 27-34.
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Articles from other publishers (2)

Ranier Buhagiar, Dominic Cortis & Philip W.S. Newall. (2018) Why do some soccer bettors lose more money than others?. Journal of Behavioral and Experimental Finance 18, pages 85-93.
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Anil Gulati & Shekar Shetty. (2007) Empirical evidence of error in pricing of favorites and longshots in greyhound racing. Journal of Economics and Finance 31:1, pages 49-58.
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