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…