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The double-auction gambling market: an experimental examination.(Institutional Change and Placing a Bet)(Report)
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I
Introduction
IN THIS PAPER, I COMPARE the information aggregating properties of new peer-to-peer gambling exchanges with more traditional bookmaking institutions. Economists have consistently found that sportsbooks predict the outcomes of sporting events with near perfect efficiency (Pankoff 1968; Woodland and Woodland 1994; Gray and Gray 1997). This finding is often marshaled to demonstrate the power of markets to utilize disparate and privately held information to make probabilistic predictions of uncertain outcomes.
However, this venerable institution is now ...
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Del Mar season best ever.(Sports Biz)(attendance at horseracing tracks down)(Brief Article)
Magazine article from: San Diego Business Journal
; ...the country this year declined once again, the Del Mar Thoroughbred Club broke records this season on both attendance and money wagered. The local track runs for only 43 days through Sept. 10. Officials reported total on track at tendance of 725,922, or an...
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Problem gambling in Europe; challenges, prevention, and interventions.(Brief article)(Book review)
Magazine article from: SciTech Book News
; ...00 Hardcover RC569 Feeling that there was a need for a comprehensive collection of current knowledge concerning national gambling markets in Europe, the prevalence of gambling participation and problem gambling (distinguished from social and professional gambling...
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End of the run for greyhound racing.(Editorial)
Magazine article from: New Hampshire Business Review
; ...the last decade at least, attendance first stagnated, then dropped and, more importantly, so have handles--the amount of money wagered by track-goers. In fact, it has become apparent over recent years that the dog tracks have been kept in business despite...
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Youbet.com wins with Churchill Downs. (Technology).(Churchill Downs Inc., Youbet.com Inc.; marketing partnership)(Brief Article)
Magazine article from: Los Angeles Business Journal
; ...expect CDI to make similar arrangements with anyone else. Both CDI and Youbet.com make money by collecting a percentage of money wagered, Marshall said. Youbet.com averages just more than 5 percent of each bet. Youbet.com started in 1987 and went public in 1995...
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 "USA Today (Magazine)")
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SPORTS GAMBLING IN COLLEGE: CRACKING DOWN ON ILLEGAL BETTING.
Magazine article from: USA Today (Magazine)
; ...inherent benefits related to participation of student-athletes, coaches, and institutions in fair contests, not the amount of money wagered on the outcome of the competition. The NCAA's committee that oversees student-athlete eligibility has taken a hardline approach...
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Hollywood Park will run in fancier style under new president. (Donald M. Robbins)
Magazine article from: Los Angeles Business Journal
; ...People just won't drive for an hour any more to get to a race track. Hollywood Park's average daily handle (the amount of money wagered) is now just shy of $7 million, second in the county behind Santa Anita's $7.3 million handle. But Robbins predicts passage...
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Group confirms it might close Santa Anita track. (Koll Arcadia Investors LLC)
Magazine article from: Los Angeles Business Journal
; ...that on-track attendance at both tracks has declined precipitously over the last 10 years. At the same time, the amount of money wagered on races at both Santa Anita and Hollywood has increased significantly. Simulcast wagering, which allows bettors to wager...
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The field is wide open: the race for the future of Miami-Dade's famous and historic Hialeah horse track is in its final stretch, and right now it is too close to call. (Sports).
Magazine article from: South Florida CEO
; ...others' races via simulcast, he says. Even when Hialeah had exclusive use of the spring dates, says Dunn, its handle --the money wagered at the track -- was weak. He points to a recent Friday in May, when Calder's handle was $341,000, compared to Hialeah's...
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Wagering via the Web.(Youbet.com Inc offers online gambling)
Magazine article from: Los Angeles Business Journal
; ...that other online betting services face. To provide the service, Youbet collects about 4.5 percent of the total amount of money wagered by its subscribers, along with a monthly subscription fee of $5.95. But like most Internet ventures, the company has been...
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Gamblin' Man: Rick Baedeker believes slot machines at Hollywood Park will provide a solution to horse racing's problem of dwindling attendance.(People)
Magazine article from: Los Angeles Business Journal
; ...There are more than 700 locations that take our (broadcast) signal each day. So we have had an overall lift in the amount of money wagered, but it's no longer always necessary for the patron to come here, so on-track attendance has declined. Q: But you make far...
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