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: 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: How do jockey and trainer stats influence betting markets?
Research on jockey and trainer statistics in betting markets provides important insights into the factors shaping market dynamics and the role…
Question: What are the most common cognitive biases in sports betting?
Research highlights that sports bettors are often influenced by a range of cognitive biases, which can distort their decision-making and lead…
Question: Is it possible to profit from betting on underdogs in horse racing?
Research on horse racing betting markets has revealed a persistent favorite-longshot bias, where favorites are underbet and longshots are…
Question: How do bettors calculate their edge in betting markets?
Bettors assess their edge in betting markets by applying financial and statistical techniques to identify profitable opportunities. Markowitz…
Question: What biases lead bettors to overvalue recent performance?
Research indicates that cognitive biases significantly influence bettors in sports gambling markets, leading to suboptimal decision-making and…