Regression of average losses from placing an equal amount on all bets on Asian Handicap bet type dummies: First Pinnacle sample (standard errors clustered at match level)
| Loss rate | ||
|---|---|---|
| Handicap plus 0.25 | 0.0056 *** | (0.0007) |
| Handicap minus 0.25 | 0.0129 *** | (0.0007) |
| Handicap minus 0.5 | 0.0189 *** | (0.0014) |
| Matches | 43,235 | |
| Observations | 172,940 |
| Loss rate | ||
|---|---|---|
| Handicap plus 0.25 | 0.0056 *** | (0.0007) |
| Handicap minus 0.25 | 0.0129 *** | (0.0007) |
| Handicap minus 0.5 | 0.0189 *** | (0.0014) |
| Matches | 43,235 | |
| Observations | 172,940 |
Note(s): Standard errors in parentheses are clustered at the match level
∗ p < 0.05, ∗∗ p < 0.01, ∗∗∗ p < 0.001
Specification also includes year and league dummies
Base bet is on the 0 handicap in the Albanian Superliga 2016
Source(s): Table created by authors