SEOUL NATIONAL UNIVERSITY · CENTER FOR LAW & ECONOMICS
Center for Law & Economics, Seoul National UniversityCENTER FOR LAW & ECONOMICS
ECONOMICS · RESEARCH RECORD
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DP22016 The Economics of Free Bets

AT A GLANCE

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Sportsbooks offer promotional 'free bets' that return profits if the bets win, but not the stake provided. These bets can be hedged to produce outcomes.

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