Football pools and lotteries: substitute roads to riches?
Football pools offer an older alternative to lotto games for gamblers seeking high prizes with low stakes. The article models football pools demand in Spain over nearly 40 years. The introduction of lotto games to the market led to substantial cannibalization of the pools but, subsequently, there is no evidence that the products were substitutes when the relative value for money fluctuated. Entry fee is shown to be a determinant of demand independent of the expected loss per euro, implying that long-odds games should not be analysed as if buyers were acquiring a purely financial asset.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 18 (2011)
Issue (Month): 13 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|
When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:18:y:2011:i:13:p:1253-1257. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.