Researchers at West Virginia University (WVU) are studying loss-chasing and parlays. (Image: Mike Blake/Getty)Professors at the West Virginia University John Chambers College of Business and Economics are examining, among other topics, what they call loss-chasing. West Virginia Loves ParlaysSportsbook operators love parlays, or multi-leg bets, because those wagers are high hold propositions for the companies. West Virginia bettors’ affinity for parlays runs even deeper with the university noting 90% of sports wagers placed in the state are of the combination variety. Arnold Ventures Committed to Studying Sports Wagering IssuesFounded in 2008 by Laura and John Arnold, Arnold Ventures last month concluded a funding round in which it doled out $2.6 million to 12 research entities to study the effects of legalized sports wagering.