Sports gambling as consumption: Evidence from demand for sports lottery

Mao, Luke Lunhua; Zhang, James J.; Connaughton, Daniel P.

doi:10.1016/j.smr.2014.11.006

Cited by 18 publications

(26 citation statements)

References 22 publications

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“…The authors study sports sphere profitability and define clusters, which gives new understanding of the regional characteristics of profitability in this kind of activity [1]. In the work of Luke Lunhua Mao, James J. Zhang, Daniel P. Connaughton the demand for sports lotteries in China is considered and the authors comes to the conclusion that this source of financing is important and has a considerable consumption value [2]. Wolfgang Breuer, Guido Hauten, Claudia Kreuz consider sports gambling from the point of view of investments and say that products release for sports gambling can mainly depend on marketing aspects, nevertheless, products for sports gambling can be considered as "vital" products with a low cost of capital for banks [3].…”

Section: Literature Reviewmentioning

confidence: 99%

Studying Foreign Experience of Physical Culture and Sport Sphere Financing

Vishnevskaya¹,

Vishnevskiy²,

Steshenko³

2019

Proceedings of the First International Volga Region Conference on Economics, Humanities and Sports (FICEHS 2019)

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The article presents analysis of financing physical culture and sport sphere in the Russian Federation. It considers different mechanisms of sports sphere private financing in some foreign countries: homesteads expenditure and volunteership, subvention of public sector at a national, regional and local levels, national lotteries, income from mass media received by sports events organizers, sponsorship and patronship, gambling, endowment-fund and others. The authors studied scientific works of native and foreign scientists in the sphere of sport financing. On the basis of analyzing foreign experience authors offered the directions of financing mechanisms improvement in the sphere of physical culture and sport in the Russian Federation. The authors underline the necessity to reconsider the mechanism of financing physical culture and sport in terms of widening the tools of tax stimulation.

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Section: Literature Reviewmentioning

confidence: 99%

Studying Foreign Experience of Physical Culture and Sport Sphere Financing

Vishnevskaya¹,

Vishnevskiy²,

Steshenko³

2019

Proceedings of the First International Volga Region Conference on Economics, Humanities and Sports (FICEHS 2019)

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“…Gambling's place at the center of BAFTing suggests that gambling motives may inform the interpretation of our data. Gambling motives are traditionally based on wealth maximization, utility maximization, and risk preferences (Conlisk, 1993), though recent research suggests that sport gamblers are motivated by experiential utility (Mao, Zhang, & Connaughton, 2015) and consumption benefits (Humphreys, Paul, & Weinbach, 2013) more so than financial gain. The cross-sectional approach of Neighbors, Lostutter, Cronce, and Larimer (2002) identified 16 gambling motives, which we simplify into four commonly accepted categories: enhancement, social, coping, and monetary.…”

Section: Gambling Motivesmentioning

confidence: 99%

An investigation of highly identified fans who bet against their favorite teams

Agha

Tyler

2017

Sport Management Review

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Using a mixed-method exploratory approach we describe and explain the seemingly nonnormative behaviors of highly identified fans who Bet Against their Favorite Teams (BAFT). Axial coding of qualitative data from 190 survey respondents and two focus groups indicates the emergence of common themes allowing a typology to unfold that explains the motives for and against BAFTing. Results reveal that Gamblers BAFT for reasons un-related to fandom. Hedgers, on the other hand, BAFT precisely because they are fans; they offset a perceived impending emotional loss with a financial gain, a behavior we identify as Hedging Against Future Failure (HAFFing). This research expands the theoretical knowledge of indirect tactics of image management and introduces HAFFing as a transactional, proactive, and private coping mechanism utilized by highly identified fans to regulate their psychological health. Beyond the implications for researchers of self-image management, these results are applicable to global sport managers adapting to the rising prominence and societal acceptance of sport gambling.

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“…The indivisibility in consumption hypothesis and strategic labor supply (i.e., "something for nothing") hypothesis can be tested based on their specific predictions about the relationship between demand and certain socio-demographic variables, such as income, population age composition, and profession (Nyman et al, 2008;Weinbach and Paul, 2008). The gambling as consumption examined how the attractiveness of the game impact the demand (García and Rodríguez, 2007;Humphreys et al, 2013;Paul and Weinbach, 2013;Mao et al, 2014). From cognitive perspective, previous studies have examined how the possibility of dreaming impact the demand, which was often call as jackpot pool model (Cook and Clotfelter, 1993;Garrett and Sobel, 1999;Forrest et al, 2002) how the rollover induced the lottomania, an excessive demand for lottery (Beenstock and Haitovsky, 2001) and how the heuristics of representation impact the dynamic nature of gambling behavior (Mao et al, 2014) …”

Section: Determinants Of Demand For Sports Lotterymentioning

confidence: 99%

“…It is a type of lottery gambling involves bets on the results of preselected sports events regardless of its own characteristics (Mao et al, 2014). Most ISSN(e): 2222-6737/ISSN(p): 2305-2147 journal homepage: http://www.aessweb.com/journals/5002 sports lotteries, including La Quiniela in Spain, and the Shengfu Game in China, are organized in an adapted pari-mutuel form, where the payoff is calculated by sharing the pool among all winning bets without considering betting odds.…”

Section: Introductionmentioning

confidence: 99%