Question: How often do odds reflect true probabilities in sports betting?
Research on sports betting odds has found that they often do not match the true probabilities of an event happening. Several studies have…
Question: What is the relationship between volume betting and profitability?
The connection between betting volume and profitability is complicated and depends on the situation. In sports betting, just because more…
Question: How does betting frequency affect long-term profitability?
Research on betting frequency and long-term profitability highlights the interplay between skill, transaction costs, volatility, and wagering…
Question: Does betting on televised events reduce profitability?
Research on betting market efficiency presents mixed findings, with some studies identifying persistent inefficiencies and others suggesting…
Question: Does betting on teams with higher fan support decrease profitability?
Research on sports betting markets presents mixed findings regarding the influence of fan sentiment on profitability. Some studies indicate…
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: 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…