overbet

We were led to this research by an age-old racetrack puzzle economists call the “favorite-longshot bias”: horse bettors historically have overbet long shots, and they win less often than their odds suggest.

What A Night! Interpreting the New Hampshire Primary - Freakonomics Blog - NYTimes.com 2008

We were led to this research by an age-old racetrack puzzle economists call the “favorite-longshot bias”: horse bettors historically have overbet long shots, and they win less often than their odds suggest.

What A Night! Interpreting the New Hampshire Primary - Freakonomics Blog - NYTimes.com 2008

In essence, people tend to overbet unlikely outcomes.

Markets May Understate Obama's Odds 2008

This is precisely the kind of suicidal overbet that a player like Reategui inspires.

TAKE ME TO THE RIVER Peter Alson 2006

This is precisely the kind of suicidal overbet that a player like Reategui inspires.

TAKE ME TO THE RIVER Peter Alson 2006

There had been grand doings to open the new house, and Ellabelle felt she was on the way to ruling things social with an iron hand if she was just careful and didn't overbet her cards.

Somewhere in Red Gap Harry Leon Wilson 1903

Flor de Amelia is tough to go against off a 15-1/4-length romp but will be overbet and has a jockey who is off to a slow start.

NYDN Rss DAVE LITTLE 2012

Magical Feeling takes precipitous class drop in first start for Mott off 15-month layoff, likely to be overbet.

NY Daily News 2010

What follows is my countdown of the five horses that were overbet to the most extreme degree over the past decade at the Festival.

The Guardian World News 2010

What follows is my countdown of the five horses that were overbet to the most extreme degree over the past decade at the Festival.

The Guardian World News 2010