Sports Betting

George Ignatin

The ANNALS of the American Academy of Political and Social Science, 1984, vol. 474, issue 1, 168-177

Abstract: This article discusses the type of people who wager on sports events and the reasons they gamble. It describes different types of bets on sports events, how betting lines are set, and the odds and probabilities involved. It examines in detail the difficulties in estimating the amounts of money wagered illegally in this country, and, after describing the nature of bookmaking operations, it concludes that total dollar amounts wagered with bookmakers are usually underestimated while the net income of bookmakers is typically overestimated.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:474:y:1984:i:1:p:168-177

DOI: 10.1177/0002716284474001015

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