scholarly journals Online Betting Intensity is Linked with Extraversion and Conscientiousness

2021 ◽  
Author(s):  
Jussi Palomäki ◽  
Michael Laakasuo ◽  
Sari Castrén ◽  
Jani Saastamoinen ◽  
Tuomo Kainulainen ◽  
...  
Keyword(s):  
Online Betting

scholarly journals Information, prices and efficiency in an online betting market

2020 ◽  
Vol 35 ◽  
pp. 101291 ◽  
Author(s):  
Guy Elaad ◽  
J. James Reade ◽  
Carl Singleton
Keyword(s):  
Betting Market ◽  
Online Betting

scholarly journals Does Losing on a Previous Betting Day Predict How Long it Takes to Return to the Next Session of Online Horse Race Betting?

2020 ◽  
Author(s):  
Tuomo Kainulainen
Keyword(s):  
Horse Race ◽  
Online Betting ◽  
Survival Regression

Abstract This study examined how recent losses predict the frequency of play in online betting. Previous studies have suggested that players tend to decrease betting volume and consequently take on less risk after a losing session. We used a daily panel of actual gambling data and survival regression to investigate how incurring losses predicts the duration to the next betting day. Our main findings were that, after a losing betting day, a bettor typically abstained from betting for a 27% longer time than after a day he or she broke even. Further, we found that either untypically high wins or loses significantly predicted the amount of time to the next gambling event. This study adds to the gambling literature by presenting evidence on a reduction in betting activity following a losing session.

The Modern Racing Landscape and The Racetrack Wagering Market: Components of Demand, Subsidies, and Efficiency

2013 ◽  
pp. 255-275
Author(s):  
Ramon P. DeGennaro ◽  
Ann B. Gillette
Keyword(s):  
Financial Support ◽  
State Governments ◽  
Government Subsidies ◽  
Betting Market ◽  
Online Betting ◽  
The Way

Gambling has become increasingly relied on and intertwined to provide financial support for the industry and beleaguered state governments. Technology has changed the way racetrack patrons bet, with the vast and increasing majority of total bets being made away from live racing. The menu of wagering options continues to grow, with a wide variety of exotic bets, futures wagering markets, program betting, and online betting venues becoming more prevalent. This chapter reviews the available research on the components of wagering demand, the effect of government subsidies on wagering volume, and the efficiency of the betting market. It also describes several new issues that continue to affect the racing landscape.

Information Efficiency in High-Frequency Betting Markets

2013 ◽  
pp. 209-232
Author(s):  
J. James Reade ◽  
John Goddard
Keyword(s):  
High Frequency ◽  
Information Transfer ◽  
Academic Research ◽  
Strong Form ◽  
Sporting Events ◽  
Information Efficiency ◽  
Wide Range ◽  
Betting Markets ◽  
Online Betting ◽  
Form Information

The betting industry has been transformed by the Internet. Growth of person-to-person betting, mediated through online betting exchanges, has been a key element of this transformation. Betting exchanges enable traders to either back (buy) or lay (sell) bets on a wide range of sporting events. Such continuously operating online betting markets have ensured the transition of the use of high-frequency data (sub-daily sampling) from the financial setting into the betting market context. This chapter reviews recent academic research on the topic of information efficiency in high-frequency, in-play football betting markets. Several studies have reported evidence violating weak-form information efficiency, in the form of a favorite-longshot bias in in-play betting prices. However, there is evidence in the literature in favor of semi-strong form information efficiency. One study reports interesting evidence in support of strong-form information efficiency. As in-play betting markets continue to develop, driven by further improvements in computing power, parallel growth is anticipated in research on information transfer and price formation in financial markets, an exciting new arena for academic study.

scholarly journals A generative model for predicting outcomes in college basketball

2015 ◽  
Vol 11 (1) ◽  
Author(s):  
Francisco J. R. Ruiz ◽  
Fernando Perez-Cruz
Keyword(s):  
National Collegiate Athletic Association ◽  
Classical Model ◽  
Predictive Performance ◽  
Generative Model ◽  
Specific Behavior ◽  
College Basketball ◽  
Online Betting

AbstractWe show that a classical model for soccer can also provide competitive results in predicting basketball outcomes. We modify the classical model in two ways in order to capture both the specific behavior of each National collegiate athletic association (NCAA) conference and different strategies of teams and conferences. Through simulated bets on six online betting houses, we show that this extension leads to better predictive performance in terms of profit we make. We compare our estimates with the probabilities predicted by the winner of the recent Kaggle competition on the 2014 NCAA tournament, and conclude that our model tends to provide results that differ more from the implicit probabilities of the betting houses and, therefore, has the potential to provide higher benefits.

scholarly journals Changes to the playing field: A contemporary study of actual European online sports betting

2021 ◽  
Author(s):  
Sarah E. Nelson ◽  
Timothy C. Edson ◽  
Eric R. Louderback ◽  
Matthew A. Tom ◽  
Alessandra Grossman ◽  
...  
Keyword(s):  
Sports Betting ◽  
Self Report ◽  
Small Subset ◽  
Playing Field ◽  
Health Related ◽  
Online Betting ◽  
Legislative Changes ◽  
Contemporary Study ◽  
High Engagement ◽  
Online Sports Betting

AbstractBackground and aimsOnline sports wagering is a popular and still growing gambling activity around the world. Like other types of gambling, it can lead to problems that include devastating financial, social, and health-related harms. The first analysis of actual online sports wagering activity (LaBrie et al., 2007) suggested that levels of financial and time involvement were more moderate than anticipated from earlier self-report studies. However, these findings are now more than a decade old.MethodsThe current study examined actual online sports wagering activity of a similar cohort of 32,262 gamblers who subscribed to a European online betting platform in February 2015 to understand how sports betting might have changed in ten years. Measures included subscriber characteristics, betting activities, and transactional activities.ResultsPlayers placed a median of 15 bets during the 8-month study period, made a median of 2.5 bets per betting day, had a median bet size of 6.1 euros, and experienced a median net loss of 25 euros. We were able to distinguish highly involved bettors in the top 2% of total wagered, net loss, and number of bets, whose behavior differed from that of the rest of the sample.Discussion and ConclusionsSports wagering behavior has remained relatively stable over time despite legislative changes and an increase in popularity, with a small subset of subscribers exhibiting disproportionately high engagement, transactional activity, and in-game betting. Further investigation of individual trajectories of wagering behavior and engagement with different types of sports wagering products is merited.

scholarly journals Digital Arenas: The regulatory framework and other relevant issues on eSports online betting

2021 ◽  
Vol 4 (1) ◽  
pp. 10
Author(s):  
Stylianos Sykas
Keyword(s):  
Real World ◽  
Technological Development ◽  
Regulatory Action ◽  
Digital Environment ◽  
High Importance ◽  
Commercial World ◽  
Legal Nature ◽  
Online Betting ◽  
User Friendly ◽  
Further Development

The contribution of technological development, in an essential and user-friendly way, to the transition of many aspects of the real world to the digital environment, is constantly creating new habits and new fields of activity. This transition, without any shadow of doubt, leads to new and unknown realities, which, apart from the interest they present, they call for thorough investigation and further regulation, where it is needed. The cases of eSports and online gaming, although not new to the user of the digital age, are of high importance to the investment and commercial world, in terms of their further development and exploitation. In this context, although online betting in eSports has been introduced to the Greek market a few years ago, it is unlikely to be developed according to its dynamics, since issues of legal nature are not settled yet. In order to ensure a secure landscape for eSports online betting, the necessity for transparency and integrity and their protection through regulatory action becomes imperative.

scholarly journals The phenomenon of match-fixing in football

2021 ◽  
Vol 29 (4s) ◽  
pp. 54-62
Author(s):  
Korneliya Naydenova
Keyword(s):  
Professional Sport ◽  
Sporting Events ◽  
Sports Events ◽  
Football Clubs ◽  
Norms And Values ◽  
The World ◽  
Online Betting ◽  
Full Force ◽  
Xix Century

One aspect of the security of sport, which is rarely considered by the organizers of sports events, concerns the different manifestations of match-fixing. The match-fixing of the result of a sports event or any component of it contradicts the established norms and values of the sporting competition, drawn up at the end of the XIX century by Baron Pierre de Coubertin and known as Olympism. Today, match-fixing is one of the phenomena in modern sport. Advertising, publicity, profit largely regulate relations in professional sport, and in full force, this applies to football as the most popular sport in the world. If we look at what has been said so far through the prism of Bulgarian football, it is enough to look at the Bulgarian football championships, whose official sponsor is an online betting company at sporting events and the first football league is named after this company. This same company has sponsorship relations with more than 10 football clubs, and to them we can add the volleyball and basketball federations, as well as some of the brightest representatives of these federations. Noticing this trend of business entering the sport, we set out to explore the opinion of players and their coaches about the manifestation of the phenomenon of match-fixing in Bulgarian football. The results of the survey show the existence of match-fixing at both professional and amateur level and allow us to indicate some steps to prevent such non-sporting techniques from winning.

scholarly journals The role of structural assurance on previous satisfaction, trust and continuance intention

2019 ◽  
Vol 32 (4) ◽  
pp. 781-801 ◽  
Author(s):  
Patrick McCole ◽  
Elaine Ramsey ◽  
Andrew Kincaid ◽  
Yulin Fang ◽  
Huifang LI
Keyword(s):  
Structural Equation ◽  
Structural Model ◽  
Equation Modeling ◽  
Moderating Effects ◽  
Continuance Intention ◽  
Content Type ◽  
Contextual Risk ◽  
Structural Assurance ◽  
Online Betting

Purpose Varied accounts exist regarding the role of trust and satisfaction in online continuance intention and contexts within which this occurs. The purpose of this paper is to consider the moderating effect of structural assurance (SA) on satisfaction and trust and trust and continuance intention in a pure e-service context (online betting). Design/methodology/approach UK online bettors were surveyed with an instrument developed using validated variables and measurements, including continuance intention, satisfaction, trust (in vendor) and SA. Structural equation modeling with partial least squares was used to evaluate the measurement and structural model simultaneously. Findings SA positively moderates the trust–continuance intention relationship but not the satisfaction–trust relationship. SA is positively associated with trust. Research limitations/implications The study contributes to research focused on exploring the moderating effects of trust and satisfaction on continuance intention where institution-based mechanisms are perceived to be effective and framed to assure success. Practical implications An over-reliance on context-specific mechanisms is inadequate; strategic approaches to trust must consider contextual and institutional mechanisms interdependently. Originality/value The paper addresses the need for research relating to the institutional context within which trust mechanisms operate. This research provides a novel contribution through an exploration of the moderating effects of SA on: trust and continuance intention; and satisfaction and trust (the authors also measure the direct effect of SA on trust). This paper is one of the first studies to examine these important concepts in this context. The online betting case allows for the exploration of risk where vendor-specific and contextual risk are both high.

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