How Accurately Do Bettors Bet in Doubles ?

Victor S. Y. Lo and Kelly Busche
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Victor S. Y. Lo: University of British Columbia, Canada
Kelly Busche: University of Hong Kong, Hong Kong

Chapter 46 in Efficiency of Racetrack Betting Markets, 2008, pp 465-468 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractPrevious studies in the analysis of double bets in racetrack markets compared the payoffs resulting from a double bet with a parlay contructed by the bettors. We compare the accuracy of implied winning probabilities between double bet and bets based on a single race and suggest that bettors bet on doubles less accurately. We also report the analysis based on payoff comparisons for a new data set.

Keywords: Racetrack Efficiency; Racetrack Betting Market; Racetrack Betting; Win Market; Finance (search for similar items in EconPapers)
Date: 2008
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