EconPapers    
Economics at your fingertips  
 

A new measure of risk-taking in gambling

Tuomo Kainulainen

International Gambling Studies, 2019, vol. 19, issue 1, 167-182

Abstract: This study uses a simple metric to assess the degree of risk an individual player takes on while gambling. The player’s average potential gross win per bet placed captures both the amount of money put at risk and the volatility of returns, each of which will be correlated with risk of gambling harm. To illustrate the potential usefulness of this metric, the study analyses individual account data relating to online bets on horse racing. Analysing total stakes, the traditional indicator of risk taking, and applying ordinary least squares regression, the greatest risk takers appear to be males in their mid-fifties. Using the new metric and applying quantile regression to allow a focus on heavier bettors, the highest risk takers are shown as substantially younger, males around 30. Choice of metric and estimation method therefore matter and the approach proposed here could be used by operators to identify which online players take greatest risks.

Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/14459795.2018.1526312 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:intgms:v:19:y:2019:i:1:p:167-182

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RIGS20

DOI: 10.1080/14459795.2018.1526312

Access Statistics for this article

International Gambling Studies is currently edited by Katie Donnelly, David Marshall, Bronwyn Stuart, Alex Blaszczynski and Jan McMillen

More articles in International Gambling Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-20
Handle: RePEc:taf:intgms:v:19:y:2019:i:1:p:167-182