Economics of Gambling

Against a background of extraordinary growth in the popularity of betting and gaming across many countries of the world, there has never been a greater need for a study into gambling's most important factor - its economics.This collection of original contributions drawn from such leading experts as David Peel, Stephen Creigh-Tyte, Raymond Sauer and Donald Siegel covers such interesting themes as:*betting on the horses*over-under betting in football games*national lotteries and lottery fatigue*demand for gambling*economic impact of casino gamblingThis timely and comprehensive book covers all the bases of the economics of gambling and is a valuable and important contribution to the ongoing and growing debates. The Economics of Gambling will be of use to academics and students of applied, industrial and mathematical economics as well as of being vital reading for those involved and interested in the gambling industry.