Stats Article - Area Full Citation Primary Goal of Study...

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Area My Article Result Full Citation Levitt, Steven D. "Why Are Gambling Markets Organized So Differently From Financial Markets?," Economic Journal, 2004, v114(495,Apr), 223-246 Primary Goal of Study The author is trying to portray how the unique role a bookmaker takes in the gambling market leads to higher profits than he tried to be a more traditional market maker. Group Evaluated The data in this study consists of bets made on NFL games during the 2001-2002 as a part of a handicapping contest at an online sports book. The bettors were required to pick five games a week against the spread for the entire duration of the NFL season. A $250 entry fee was required and was redistributed as prize money based on the place each bettor finished. Who is Excluded From Study The study focused only on this one group of bettors participating in a single handicapping contest. Bets placed at other sports books and other contests outside of this one were not considered. Additionally, the study included only NFL games, so other sports, such as baseball and basketball, were excluded as well. How did they collect the data?
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Stats Article - Area Full Citation Primary Goal of Study...

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