The Impact of Near-Miss Events on Betting Behavior: An Examination of Casino Rapid Roulette Play

DSpace/Manakin Repository

The Impact of Near-Miss Events on Betting Behavior: An Examination of Casino Rapid Roulette Play

Show full item record

Title: The Impact of Near-Miss Events on Betting Behavior: An Examination of Casino Rapid Roulette Play
Author(s):
Sundali, J. A.;
Safford, A. H.;
Croson, Rachel T. A.
Format: text
Item Type: article
Keywords: Gambling
Casinos
Roulette
Abstract: We examine how almost winning in roulette affects subsequent betting behavior. Our main finding is heterogeneity in gambler behavior with some gamblers less likely to bet on numbers that were near misses on the prior spin and other gamblers more likely to bet on near miss numbers. Using a unique data set from the game rapid roulette, we model the likelihood of a gambler betting on a near miss number while controlling for the favorite number bias and the likelihood of a number being a near miss. We also find no evidence that near misses in roulette leads to gamblers extending the time spent gambling or to the placing of more bets.
ISSN: 1930-2975
Persistent Link: http://hdl.handle.net/10735.1/3065
Terms of Use: © 2012, The Authors

Files in this item

Files Size Format View
SOM-FR-RTACroson-310708.54.pdf 243.3Kb PDF View/Open Article
SOM-FR-RTACroson-310708.54-data.csv 740.5Kb Unknown View/Open Data

This item appears in the following Collection(s)


Show full item record