Question: Do insider tips guarantee profitability in sports betting?
Research on insider trading in sports betting markets presents a complex picture, with some studies suggesting that insiders can achieve an…
Question: Are betting systems based on doubling stakes (e.g., Martingale) viable?
Betting systems based on doubling stakes, such as the Martingale system, are fundamentally flawed in the long term despite their superficial…
Question: Do underdogs offer better long-term value than favorites?
Research on underdogs and favorites in betting markets presents a complex and often contradictory picture, with evidence supporting both the…
Question: How does “the favorite-longshot bias” impact?
The favorite-longshot bias in sports betting, where bettors tend to underbet favorites and overbet longshots, has been a prominent subject of…
Question: Why do bettors overestimate the chances of favorites winning?
The favorite-longshot bias is a well-documented trend in sports betting, where bettors tend to place too much money on underdogs while not…
Question: How does the “gambler’s fallacy” affect betting decisions?
The gambler’s fallacy, a common cognitive bias, refers to the erroneous belief that past random events influence future outcomes. This…
Question: Can historical betting data predict future market inefficiencies?
Research on betting market efficiency has produced conflicting findings, with some studies identifying persistent inefficiencies and…
Question: How does bet volume affect bookmaker odds adjustments?
Research on bookmaker odds adjustments and betting volume highlights the intricate relationship between market efficiency, bettor behavior,…
Question: What algorithms do bookmakers use to set odds?
Bookmakers rely on sophisticated algorithms and risk management strategies to set odds, ensuring profitability while balancing exposure. They…
Question: How do bookmakers ensure profitability despite sharp bettors?
Bookmakers employ a range of strategies to ensure profitability, particularly by capitalizing on bettor irrationality and market…