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Game, set and match: the favorite long-shot bias in tennis betting exchanges

Abinzano Guillén, María Isabel ; Muga Caperos, Luis Fernando ; Santamaría Aquilué, Rafael (Taylor & Francis, 2016) Artículo / Artikulua

We test for the existence of Favorite-Longshot Bias (FLB) in tennis betting exchanges. Despite these being order-driven markets, with no direct participation from bookmakers, we have found very similar results to those ...