3Dec/110
Cerabino: State endorses casino career as a smart bet
Cerabino: State endorses casino career as a smart bet2Dec/110
UK & World News: Labour backs lessons on gambling
Labour has lent backing to proposals for children as young as 12 to be taught about gambling.30Nov/110
Cotto vs. Margarito 2: Why Gambling on Cotto Is the Safe Bet
How big of an advantage do illegal hand wraps provide for a boxer? That’s the big question as we approach Saturday’s super welterweight 12-round match at Madison Square Garden between Antonio Margarito and Miguel Cotto . This is the second time these two have fought, but the first bout has a giant asterisk above it. Margarito won the fight, but it was his last win before being busted for illegal ...28Nov/110
Genting’s Florida gambling legislation onslaught may backfire
KUALA LUMPUR, Nov 29 — Genting Bhd’s public lobbying for new gaming laws in Florida, so that it can build the world’s largest casino, may boomerang and sink its expansion in the southeastern US state. The Wall Street Journal reported that political and business leaders in Florida feel Genting’s high-profile campaign to push through proposed ...27Nov/110
Dan Harper: Gambling, Shysters and Losers on Thanksgiving
It has been my experience that all families, cousins, aunts, uncles and siblings -- even the grandparents, are basically good people in each family.26Nov/110
Gambling on tax may backfire
Proposals to change the taxation of online betting companies which are based offshore could lead to 40 per cent of gamblers using unauthorised traders.21Nov/110
Sky Bet Bookies get Battered!
LONDON, November 21, 2011 /PRNewswire/ -- Sky Bet were left licking their wounds after enduring the worst day in their sports betting history as virtually all of the favourites prevailed from Saturday's football action. A week after the online bookmaker saw their 'What If'...18Nov/110
More jai alai bet collectors arrested
FOUR more alleged jai alai bet collectors were arrested in separate operations by operatives of Special Operations Group (SOG) in Bacolod City Wednesday and Thursday. SOG head Police Superintendent Santiago Rapiz identified the suspects as Mark Andrew Palmer, 22, of Rizal-Lacson Streets, Barangay 22; Moises Lara, 24, of Purok Tapulanga, Barangay 35; Dominic Jara, 18, of Purok Bag-ong Dalan ...18Nov/110
Analysis: Obama gambles on Myanmar reforms
WASHINGTON (Reuters) - President Barack Obama is gambling that the United States can nudge Myanmar further toward true political reform, a bet that could bring major diplomatic and economic benefits for both countries after more than 50 years of estrangement. Obama's announcement that Secretary of State Hillary Clinton will visit Myanmar early next month marks a new stage of engagement with the ...17Nov/110
Police nab bet collectors
read more15Nov/110
Deval Patrick: Let the gaming begin!
Roulette wheels could be turning and gaming profits rolling in as early as 2013 in a swank resort gambling palace...14Nov/110
High rollers testify in Eremian gambling, racketeering trial
A retired titan of industry, who once persuaded the leader of Dubai to pony up a record $11.7 million for a racehorse,...13Nov/110
When it comes to gambling, all bets are off
A COUPLE OF weekends ago, a friend of mine — a serial sports bettor — called to relate to me his latest mood-altering, stomach-turning, I-bet-the-house-and-had-the-house-won-until-the-house-came-tumbling-down wagering disaster: He bet $1,0...10Nov/110
How Rahm Can Have Speed Cameras and Gambling
Emanuel won a vote on speed cameras when the House voted 64-50 to approve the bill, sending it to Gov. Pat Quinn. But the mayor lost on gambling expansion, when Rep. Lou Lang could only muster 58 of the 60... Photo Credit: Elvira Sakmari8Nov/110
New Jersey Votes for Sports Betting
Wanna bet? New Jersey does, but Washington has the final say. The state's voters said Tuesday they want the legal right to bet on football, baseball and other sports, provided a federal ban is lifted.7Nov/110
Gamblers Beat Delaware With Math [Gambling]
# gambling Why you gots to pick on Delaware, bettors? Delaware never hurt no one. They were the first state. They don't charge income tax. It only takes like 20 minutes to drive through on your way to more important places. And now you're all gaming the system to bet NFL games, even though you're not technically allowed to? What did Delaware ever do to you? More »5Nov/110
One dollar bet limit may win a compromise
RESEARCH on a $1 maximum bet limit has been commissioned by the federal government as the crucial independent MPs move towards it as their preferred option to deal with problem gambling.3Nov/110
Gazette.Net: Slots in Prince Georges is no sure bet
More than 6,000 jobs, $2.3 million in economic impact and almost $300 million in total wages: That would be the jackpot if slot machines come to Rosecroft Raceway, according to its owner.1Nov/110
Chopra Talks About Gambling Addiction
Ipswich striker Michael Chopra has revealed he has gambled away up to £2million and he played with injury to cover a debt.31Oct/110
Gambling on the Qantas brand
Qantas seems to be betting a de-emphasised image as a national carrier is the best business strategy. But selling itself in the Australian market will be tough without this model. 1 Nov 2011 12:26 PM31Oct/110
Favourite-longshot bias
In gambling and economics, the favourite-longshot bias is an observed phenomenon where on average, bettors tend to overvalue "long shots" and undervalue favourites. That is, in a horse race where one horse is given odds of 2-to-1, and another 100-to-1, the true odds might for example be 1.5-to-1 and 300-to-1 respectively. Betting on the "long shot" is therefore a much worse proposition than betting on the favourite. Various theories exist to explain why people willingly bet on such losing propositions, such as risk-loving behavior, or simply inaccurate estimation as presented by Sobel and Raines.[1]
References
- ^ Russell S. Sobel & S. Travis Raines, 2003. "An examination of the empirical derivatives of the favourite-longshot bias in racetrack betting," Applied Economics, Taylor and Francis Journals, vol. 35(4), pages 371-385, January
References
- http://bpp.wharton.upenn.edu/jwolfers/Papers/Favorite_Longshot_Bias.pdf
- http://favourite-longshot-bias.behaviouralfinance.net/
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.
30Oct/110
Gambling groups question German reforms
Online gambling companies have signalled they could take fresh legal action against what they say is an over-cautious opening of the German gambling market, agreed by the federal states last week.28Oct/110
Michael Chopra reveals his gambling torment
Ipswich striker Michael Chopra has revealed the torment of a gambling addiction that threatened to wreck his career. he was so hooked he was getting up in the middle of the night to bet on football matches.28Oct/110
Ballarat rife with TAB outlets
GETTING a bet on has never been easier with TAB facilities rife throughout Ballarat.27Oct/110
Lawmakers oppose gambling for Vikings stadium funding
ST. PAUL - A coalition of legislators ranging from the most conservative to the most liberal say that using gambling funds to finance a new Vikings football stadium is a sure bet to do the state more harm than good.Pages
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