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Abstract: Previous analysis on point spread betting often thought that bookmakers appeal to an equal amount of bets upon either side of games to be able to take full advantage of profits. At that time a person can either buy or sell the stock and also enter the amount of shares and the order type that you would likely like. The complete purpose of practice investing would be to try to be able to replicate what it is actually like to actually trade and spot live trades although paper trading could be extremely dull and uninteresting. The results show that will the percentage of wagers on typically the favorite team rises a lot more bettors place wagers, bettors possess a preference with regard to betting against typically the line movement, and even they prefer in order to bet on typically the favorite when the aside team has missing recent games. Lastly, using a contrarian strategy when fifty percent to 60% regarding bettors place the same wager will be proven to make economical profits. We suggest that there is a clear preference for bettors to bet the particular over and the particular extent of typically the bias depends on the volume of uninformed bettors to informed bettors plus limits placed upon bets in these kinds of markets. Much like? nancial mar- kets, wagering markets are recognized by the coexistence of a quote-driven market structure (bookmakers) and an order-driven market structure (betting exchanges).


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