Toward a Psychology of Parimutuel Behavior: Test of Gluck's Laws
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CONTRIBUTORS:
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JOURNAL:
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YEAR:
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1991
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PUB TYPE:
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Journal Article
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SUBJECT(S):
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Gambling, parimutuel Behavior, Horse racing
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DISCIPLINE:
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Psychology
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HTTP:
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LANGUAGE:
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English
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PUB ID:
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103-391-077
(Last edited on
2003/07/26 09:09:54 GMT-6)
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SPONSOR(S):
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ABSTRACT:
It was predicted and found, using nonobtrusive measures, that (a) weekday bettors bet better (the within-race rank-order correlation between final odds and order of finish was higher during the week than on the week-end); and (b) that the favorite paid a higher price during the final race than during the earlier races.
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