The favourite-longshot bias is a phenomenon that exists in the world of sports betting, and finance. It refers to a situation where bettors often tend to lean towards betting on longshots, as opposed to taking the far sounder favourite bet.
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The favourite-longshot bias is a phenomenon that exists in the world of sports betting, and finance. It refers to a situation where bettors often tend to lean towards betting on longshots, as opposed to taking the far sounder favourite bet.