IDEAS home Printed from https://ideas.repec.org/a/buc/jpredm/v7y2013i2p55-70.html
   My bibliography  Save this article

Analyzing Information Efficiency In The Betting Market For Association Football League Winners

Author

Listed:
  • Lars Magnus Hvattum

Abstract

Sports betting markets have attracted a fair amount of research over the years. For association football, most of this research has focused on predicting the outcome of single matches and hence on the evaluating the efficiency of the match results betting markets. This paper presents a study on the betting market for league winners, a market that operates for almost a full year and therefore operates under different conditions than the relatively short-lived match results markets. Attempts are made to analyze both weak and semi-strong forms of information efficiency. Although the results are mixed, there are some indications that the market is inefficient with respect to both forms of information.

Suggested Citation

  • Lars Magnus Hvattum, 2013. "Analyzing Information Efficiency In The Betting Market For Association Football League Winners," Journal of Prediction Markets, University of Buckingham Press, vol. 7(2), pages 55-70.
    • Handle: RePEc:buc:jpredm:v:7:y:2013:i:2:p:55-70
    as

    Download full text from publisher

    File URL: http://ubplj.org/index.php/jpm/article/view/614
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dominic Cortis, 2015. "Expected Values And Variances In Bookmaker Payouts: A Theoretical Approach Towards Setting Limits On Odds," Journal of Prediction Markets, University of Buckingham Press, vol. 9(1), pages 1-14.
    2. Luca De Angelis & J. James Reade, 2022. "Home advantage and mispricing in indoor sports’ ghost games: the case of European basketball," Economics Discussion Papers em-dp2022-01, Department of Economics, University of Reading.
    3. Poojan Thakkar & Manan Shah, 2021. "An Assessment of Football Through the Lens of Data Science," Annals of Data Science, Springer, vol. 8(4), pages 823-836, December.
    4. Pascal Flurin Meier & Raphael Flepp & Egon Franck, 2021. "Are sports betting markets semistrong efficient? Evidence from the COVID-19 pandemic," Working Papers 387, University of Zurich, Department of Business Administration (IBW).
    5. Hvattum Lars Magnus, 2015. "Playing on artificial turf may be an advantage for Norwegian soccer teams," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 11(3), pages 183-192, September.
    6. Luca De Angelis & J. James Reade, 2023. "Home advantage and mispricing in indoor sports’ ghost games: the case of European basketball," Annals of Operations Research, Springer, vol. 325(1), pages 391-418, June.

    More about this item

    Keywords

    Simulation; Regression; Forecasting; Soccer;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:buc:jpredm:v:7:y:2013:i:2:p:55-70. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dominic Cortis, University of Malta (email available below). General contact details of provider: http://www.ubpl.co.uk/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.