Sociology, Volume 32Clarendon Press, 1998 - Sociology |
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Page 588
... punters however , no matter how diligent they were in studying the form and other relevant factors , they were bound to make a loss in the long run . Filby and Harvey ( 1988 ) observed from large - scale analysis , that only 25 per cent ...
... punters however , no matter how diligent they were in studying the form and other relevant factors , they were bound to make a loss in the long run . Filby and Harvey ( 1988 ) observed from large - scale analysis , that only 25 per cent ...
Page 589
favourites then , the punters commonly bought low probabilities at inflated rates . The tendency for punters to think in absolutes rather than relative terms is thus a handicap for them and a boon for the industry . Successful gambling ...
favourites then , the punters commonly bought low probabilities at inflated rates . The tendency for punters to think in absolutes rather than relative terms is thus a handicap for them and a boon for the industry . Successful gambling ...
Page 590
... punters lost money over time : thinking in absolute and not relative terms ; going for the ' big win ' ; combining bets ; overestimating the probabilities of outsiders . At best punters used quasi - rational selection and staking ...
... punters lost money over time : thinking in absolute and not relative terms ; going for the ' big win ' ; combining bets ; overestimating the probabilities of outsiders . At best punters used quasi - rational selection and staking ...
Contents
ARTICLES | 1 |
A Comparative Analysis of | 23 |
REVIEW ESSAYS | 203 |
Copyright | |
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