Question: Can greyhound age and weight influence betting value?
Research on greyhound racing highlights several key factors influencing betting value and performance. Age and sex contribute to variations in…
Question: How do bookmakers set odds for greyhound races?
Bookmakers set odds for greyhound races using a combination of risk management techniques and market analysis to maximize profits while…
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: Are there “safe bets” in any betting market?
Research on betting markets presents mixed evidence regarding the existence of “safe bets,” with some studies identifying…
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: 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 closing line odds reflect market efficiency?
Some research shows that betting markets don’t always work perfectly, while other studies suggest they are usually efficient. For example, in…
Question: Are morning line odds a reliable predictor of race outcomes?
Research on racetrack betting efficiency has produced mixed findings, with some studies suggesting that betting markets are largely efficient,…