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The relationship between betting and lottery play: a high frequency time-series analysis

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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The relationship between betting and lottery play: a high frequency time-series analysis. / Simmons, R; Forrest, D; Gulley, O D.
In: Economic Inquiry, Vol. 48, No. 1, 2010, p. 26-38.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Simmons, R, Forrest, D & Gulley, OD 2010, 'The relationship between betting and lottery play: a high frequency time-series analysis', Economic Inquiry, vol. 48, no. 1, pp. 26-38. https://doi.org/10.1111/j.1465-7295.2008.00123.x

APA

Simmons, R., Forrest, D., & Gulley, O. D. (2010). The relationship between betting and lottery play: a high frequency time-series analysis. Economic Inquiry, 48(1), 26-38. https://doi.org/10.1111/j.1465-7295.2008.00123.x

Vancouver

Simmons R, Forrest D, Gulley OD. The relationship between betting and lottery play: a high frequency time-series analysis. Economic Inquiry. 2010;48(1):26-38. doi: 10.1111/j.1465-7295.2008.00123.x

Author

Simmons, R ; Forrest, D ; Gulley, O D. / The relationship between betting and lottery play: a high frequency time-series analysis. In: Economic Inquiry. 2010 ; Vol. 48, No. 1. pp. 26-38.

Bibtex

@article{6be7a8c7b0c048fb861dae663148b94b,
title = "The relationship between betting and lottery play: a high frequency time-series analysis",
abstract = "We apply a novel daily time series data set of daily turnover from one of Britain{\textquoteright}s leading bookmakers to analyze potential substitution between lottery play and bookmaker betting. We find some evidence that bettors do substitute away from horse race, soccer and numbers betting when the effective price of lottery tickets is unusually low, that is, when there is a rollover or other special draw. This substitution has a highly specific pattern of timing that varies by sector. Our results further suggest that bettors rationally engage in forward-looking substitution within their betting portfolios",
author = "R Simmons and D Forrest and Gulley, {O D}",
year = "2010",
doi = "10.1111/j.1465-7295.2008.00123.x",
language = "English",
volume = "48",
pages = "26--38",
journal = "Economic Inquiry",
issn = "0095-2583",
publisher = "Wiley-Blackwell",
number = "1",

}

RIS

TY - JOUR

T1 - The relationship between betting and lottery play: a high frequency time-series analysis

AU - Simmons, R

AU - Forrest, D

AU - Gulley, O D

PY - 2010

Y1 - 2010

N2 - We apply a novel daily time series data set of daily turnover from one of Britain’s leading bookmakers to analyze potential substitution between lottery play and bookmaker betting. We find some evidence that bettors do substitute away from horse race, soccer and numbers betting when the effective price of lottery tickets is unusually low, that is, when there is a rollover or other special draw. This substitution has a highly specific pattern of timing that varies by sector. Our results further suggest that bettors rationally engage in forward-looking substitution within their betting portfolios

AB - We apply a novel daily time series data set of daily turnover from one of Britain’s leading bookmakers to analyze potential substitution between lottery play and bookmaker betting. We find some evidence that bettors do substitute away from horse race, soccer and numbers betting when the effective price of lottery tickets is unusually low, that is, when there is a rollover or other special draw. This substitution has a highly specific pattern of timing that varies by sector. Our results further suggest that bettors rationally engage in forward-looking substitution within their betting portfolios

U2 - 10.1111/j.1465-7295.2008.00123.x

DO - 10.1111/j.1465-7295.2008.00123.x

M3 - Journal article

VL - 48

SP - 26

EP - 38

JO - Economic Inquiry

JF - Economic Inquiry

SN - 0095-2583

IS - 1

ER -