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People’s Preference to Bet on Home Teams Even When Losing is Likely

Weng et al. | Mar 10, 2020

People’s Preference to Bet on Home Teams Even When Losing is Likely

In this study, the authors investigate situations in which people make sports bets that seem to go against their better judgement. Using surveys, individuals were asked to bet on which team would win in scenarios when their home team was involved and others when they were not to determine whether fandom for a team can overshadow fans’ judgment. They found that fans bet much more on their home teams than neutral teams when their team was facing a large deficit.

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