Is there an optimistic bias on betting markets?

C-Tier
Journal: Economics Letters
Year: 2009
Volume: 102
Issue: 2
Pages: 70-72

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Bettors are subject to an optimistic bias when betting on the team they support. This paper shows that this individual bias does not affect betting odds on British teams in association football (soccer), as it is often argued.

Technical Details

RePEc Handle
repec:eee:ecolet:v:102:y:2009:i:2:p:70-72
Journal Field
General
Author Count
1
Added to Database
2026-01-26