论体育博彩与结果的不确定性

IF 0.9 4区经济学 Q4 HOSPITALITY, LEISURE, SPORT & TOURISM

International Journal of Sport Finance Pub Date : 2023-05-01 DOI:10.32731/ijsf/182.052023.04

Thomas J. Miceli

{"title":"论体育博彩与结果的不确定性","authors":"Thomas J. Miceli","doi":"10.32731/ijsf/182.052023.04","DOIUrl":null,"url":null,"abstract":"This paper provides an explanation for sports betting that does not appeal to risk-preferring preferences. The strategy is to link betting to the uncertainty of outcome hypothesis, a cornerstone of sports economics. The model relies on the inclusion of a contest utility function as part of a fan’s overall utility. The analysis focuses on point-spread betting and shows that sports fans can increase their contest utility by placing a bet if the contest is unequal and if they are either non-partisan or are sufficiently strong supporters of the underdog. When these conditions are met, an individual will place the bet if the utility gain offsets the expected cost.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":0.9000,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"On Sports Betting and Uncertainty of Outcome\",\"authors\":\"Thomas J. Miceli\",\"doi\":\"10.32731/ijsf/182.052023.04\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper provides an explanation for sports betting that does not appeal to risk-preferring preferences. The strategy is to link betting to the uncertainty of outcome hypothesis, a cornerstone of sports economics. The model relies on the inclusion of a contest utility function as part of a fan’s overall utility. The analysis focuses on point-spread betting and shows that sports fans can increase their contest utility by placing a bet if the contest is unequal and if they are either non-partisan or are sufficiently strong supporters of the underdog. When these conditions are met, an individual will place the bet if the utility gain offsets the expected cost.\",\"PeriodicalId\":45894,\"journal\":{\"name\":\"International Journal of Sport Finance\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":0.9000,\"publicationDate\":\"2023-05-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Sport Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.32731/ijsf/182.052023.04\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"HOSPITALITY, LEISURE, SPORT & TOURISM\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Sport Finance","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.32731/ijsf/182.052023.04","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"HOSPITALITY, LEISURE, SPORT & TOURISM","Score":null,"Total":0}

引用次数: 0

摘要

本文为体育博彩提供了一个不吸引风险偏好偏好的解释。其策略是将博彩与体育经济学的基石——结果不确定性假设联系起来。该模型依赖于将比赛效用函数作为粉丝整体效用的一部分。分析集中在点差投注上，并表明如果比赛是不平等的，如果他们是无党派的，或者是弱者的有力支持者，体育迷可以通过下注来增加他们的比赛效用。当满足这些条件时，如果效用收益抵消了预期成本，个人就会下注。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

On Sports Betting and Uncertainty of Outcome

This paper provides an explanation for sports betting that does not appeal to risk-preferring preferences. The strategy is to link betting to the uncertainty of outcome hypothesis, a cornerstone of sports economics. The model relies on the inclusion of a contest utility function as part of a fan’s overall utility. The analysis focuses on point-spread betting and shows that sports fans can increase their contest utility by placing a bet if the contest is unequal and if they are either non-partisan or are sufficiently strong supporters of the underdog. When these conditions are met, an individual will place the bet if the utility gain offsets the expected cost.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

International Journal of Sport Finance HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

1.50

自引率

20.00%

发文量