Elucidating the association of sports lottery bettors’ socio-demographics, personality traits, risk tolerance and behavioural biases

Lin, Hwei-Jen; Lu, Huei-Fu

doi:10.1016/j.paid.2014.09.024

Cited by 19 publications

(31 citation statements)

References 31 publications

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“…Lin and Lu (2015) explore psychological and sociodemographic factors influencing participation in sports lotteries. They select 100 sports-lottery-betting stations in Taiwan and perform face-to-face interviews with bettors ( N = 1032).…”

Section: Literature Reviewmentioning

confidence: 99%

“…They select 100 sports-lottery-betting stations in Taiwan and perform face-to-face interviews with bettors ( N = 1032). The authors report evidence of “herding behavior” 6 and a gender difference in sports lottery betting (Lin and Lu, 2015: 118). They show that bettors with neuroticism have lower risk tolerance.…”

Section: Literature Reviewmentioning

confidence: 99%

“… 6. They differentiate between ‘‘informational social influence’’, which occurs when a person looks at the behavior of group members to obtain information about ambiguous situations, and ‘‘normative social influence’’, which results from a desire to gain approval and acceptance from group members’ (Lin and Lu, 2015: 119. …”

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confidence: 99%

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Who bets on sports? Some further empirical evidence using German data

Gassmann

Emrich

Pierdzioch

2015

International Review for the Sociology of Sport

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Given the rapid expansion of the German sports-betting market and recent changes in market regulations, it is interesting to reexamine the socioeconomic profile of German sports bettors: Who bets on sports? In order to analyse this question, this study used an online survey to collect data on sports-betting behaviour ( N=634). It modelled participation in sports betting by means of a logit model that recovers determinants of a person’s propensity to participate in sports betting. Results show that the typical sports-bettor is 32 years old and male, has a low household income, is highly interested in sports, and is willing to take risks.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Who bets on sports? Some further empirical evidence using German data

Gassmann

Emrich

Pierdzioch

2015

International Review for the Sociology of Sport

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“…İzlanda Ulusal Lotosu'ndan sağlanan 520 veri kullanılarak internet üzerinden bahis oynayanların davranışı tanımlayıcı istatistikler ve bahis oynama sıklığı, oynana toplam tutar, toplam kazanç, toplam kayıp, ortalama bahis oynama süresi gibi göstergeler üzerinden yorumlanmıştır [19]. Lin ve Lu [20] tarafından yapılan bir çalışmada, bahis oynayan kişilerin risk toleransları, duygusal dengesizlik, dışa dönüklük, açıklık, sürü davranışı gösterme gibi karakter özellikleri gizil değişkenler olarak kabul edilmiş, Yapısal Eşitlik Modelleme (Structural Equation Modeling) kullanılarak modellenmiştir.…”

Section: Spor Bahisleriunclassified

Analyzing football betting behavior using prospect theory

Yanmaz¹,

Kadaifçi²

2020

Pamukkale J Eng Sci

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Futbol karşılaşmalarına yönelik bahislerin dikkate alındığı bu çalışma kapsamında, bahis oynayan kişilerin riske karşı tutumları Beklenti Teorisi'nden (Prospect Theory) yararlanılarak incelenmektedir. Karşılaşmalardan bir süre önce bu bahislerin oranları çeşitli faktörler hesaba katılarak bahis şirketleri tarafından belirlenmekte ve kişilerin oynaması için bahse açılmaktadır. Bazı sonuçlara yüksek miktarda bahis yapıldığı zaman ilgili karşılaşma sonucunun bahis oranları şirket tarafından değiştirilmektedir. Bu değişiklikler, bahisler açık kaldığı sürece oranların güncellenmesi ile sisteme yansıtılmaktadır. Çalışma kapsamında ev sahibi takımın kazanması, beraberlik ve deplasman takımının kazanması şeklinde sadece karşılaşmanın sonucuna yönelik bahisler dikkate alınmıştır. Bu doğrultuda, kişilerin hangi oran ve kazançlar için bu üç tip karşılaşma sonucundan herhangi birine bahis oynamak isteyeceği veya bahis oynamaktan vazgeçeceği sorulmuş, cevaplar Beklenti Teorisi prensipleri doğrultusunda analiz edilmiştir.In this study, bets on football matches are taken into consideration and attitudes of bettors towards risk are examined using Prospect Theory. Before the match, the odds of bets are determined by the betting companies (i.e. bookmakers), considering a variety of factors, and bets are presented for people to play. If people are placing on a particular bet, the odds are instantly revised by the bookmakers. These changes are reflected in the system by updating the odds as long as the bets remain open. In the scope of the study, only bets on the result of the match (i.e. the win of the home team, draw and win of the away team) were considered. Accordingly, the people were asked to indicate the odds and possible earnings attracting them to place a bet on a particular result among those three or result in dropping a bet, and the answers were analyzed in accordance with the Prospect Theory principles.

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“…Desde la perspectiva sicológica se destacan diversos trabajos que principalmente abordan el comportamiento de los consumidores de lotería y las estrategias que asumen frente a los resultados (Neufeld y Goodwin, 1998; Van de Ven y Zeelenberg, 2011;Wenmackers, 2013;Lin y Lu, 2015). En el campo del mercadeo, se analizan aspectos relacionados con los compradores y sus fuentes de financiación (Kearney, 2005), satisfacción del cliente (Chow et al, 2006;Dennery y Direr, 2014), diseño de producto (Zhang et al, 2006;Peel, 2013), predicción de ventas (Beldek y Leblebicio˘lu, 2011;Mohammadi y Nakhaei, 2012), planeación de ingresos (Damianov, 2015) y estrategias de comercialización (Chen et al (2016), entre otras.…”

Section: Introductionunclassified

Sistema Bayesiano para Analizar el Comportamiento Aleatorio de una Lotería

Castrillón

Sarache

2018

Inf. tecnol.

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ResumenEl objetivo del presente trabajo es analizar un juego de lotería mediante el uso de un sistema Bayesiano con el fin de identificar tendencias en sus resultados. Se encontró que aquellos números cuya función Bayesiana se desempeñó en el rango 2.2 a 2.4, tendrían la mayor posibilidad de ser los ganadores. A pesar de que los resultados no sugieren con plena certeza cuál sería el número exacto que sería ganador de la lotería, la metodología propuesta es de utilidad para ser aplicada y predecir tendencias en otros sistemas aleatorios tales como la accidentalidad vial, el comportamiento de enfermedades y criminalidad, entre otras. Dada la importancia que tiene este tipo de sistemas, identificar y tratar de predecir su comportamiento resulta ser de especial importancia para la toma de decisiones, tanto en el sector público como en el privado. Palabras clave. proceso aleatorio; clasificador bayesiano; tendencias en un proceso; sistema aleatorio Bayesian System to Analyze the Random Behavior of a Lottery AbstractThe objective of the present work is to analyze a lottery game using a Bayesian system in order to identify trends in its results. It was found that those numbers, whose Bayesian function performed in the range 2.2 to 2.4, would have the greatest possibility to be the winners. Although the obtained results do not suggest total certainty to identify the exact winner number, the proposed methodology is useful for applying and predicting trends in other random systems such as car accidents, disease behavior and crime, among others. Given the importance of these types of systems, identifying and trying to predict their behavior is of special importance in public and private decision making.

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Elucidating the association of sports lottery bettors’ socio-demographics, personality traits, risk tolerance and behavioural biases

Cited by 19 publications

References 31 publications

Who bets on sports? Some further empirical evidence using German data

Who bets on sports? Some further empirical evidence using German data

Analyzing football betting behavior using prospect theory

Sistema Bayesiano para Analizar el Comportamiento Aleatorio de una Lotería

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