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the favorite/longshot bias has been well documented in horse racing -
there are many academic studies of it
the takeout in the win pool averages about 16%
but if you bet on all favorites - in the long run you would lose much less than indicated by the takeout
and if you bet on all longshots you would lose much more than indicated by the takeout

but is this true for sports betting________? - I'm referring to bets on the money line - not on the spread

I dunno - but I don't think so - I've never seen a study of it - googling got me nowhere

why might it be different in sports betting than in racing______?

my best guess is that the longshots in racing are generally much longer and more easily activate the risk love instinct in humans



https://en.wikipedia.org/wiki/Favour...0by%20Griffith.


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