High IQ men are more likely to engage in this unusual activity

The study found a strong link between intelligence and skill-based gambling.

Recent research shows that Finnish men with higher IQs are more likely to bet on horse racing.

According to recent research from researchers at the University of Eastern Finland and the University of Liverpool, men with higher IQs are more likely to bet on horse racing.

According to a study published in the Journal of Behavioral Decision Making.

More than 15,000 Finnish men who took an IQ test as part of their mandatory military service while serving in the Finnish armed forces participated in the study. This was compared to thorough data on the men’s online gambling behavior, as well as statistics from Statistics Finland on their socio-economic status, income and level of education.

Women were not included in the data, as Finnish law only requires men to complete military service and take an IQ test.

Commenting on the findings, Professor David Forrest from the University of Liverpool Management School said: “Our research found a strong correlation between men with a high IQ and those who take part in skillful gambling, such as horse racing betting. It is important to note that our findings cannot necessarily be generalized to games of chance, such as slot machines. However, very little previous research has examined the link between intelligence and skill-based gambling, so finding such a strong link is significant.”

The study doesn’t provide a definitive answer as to why men with higher IQs would enjoy betting on horse racing, but the researchers think it could be because men with higher IQs enjoy the mathematical challenge of such skill-based betting.

Associate Professor Jani Saastamoinen from the University of Eastern Finland said: “Gambling can be compared to solving crossword puzzles. Perhaps gamblers enjoy crunching numbers and finding the winning horses – even though they know they will lose money in the long run.

Reference: “Does IQ Predict Engagement in Skill-Based Gambling? Massive Evidence of Horse Racing Betting” by Niko Suhonen, Jani Saastamoinen, David Forrest and Tuomo Kainulainen, September 4, 2022, Journal of Behavioral Decision Making.
DOI: 10.1002/bdm.2300

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