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Match Rigging and the Favorite Long-Shot Bias in the Italian Football Betting Market

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Author Info

  • Marco Rossi

    ()
    (University La Sapienza, Rome)

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    Abstract

    In this empirical study, I compared the results of matches played in the Italian football league Serie A with the odds offered by bookmakers. I found that the market odds were good predictors of the actual game results, but I also found that the distribution of returns for odds’ subgroups displayed the so-called favorite long shot (F/L) bias. Given the evidence of match-rigging in Italian football, I investigated if this bias was caused by a strategic behavior of bookmakers who were expecting to deal with insiders. My results support that match-rigging was associated with a larger F/L bias.

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    Bibliographic Info

    Article provided by Fitness Information Technology in its journal International Journal of Sport Finance.

    Volume (Year): 6 (2011)
    Issue (Month): 4 (November)
    Pages: 317-334

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    Handle: RePEc:jsf:intjsf:v:6:y:2011:i:4:p:317-334

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    Related research

    Keywords: football wagering; match rigging; favorite long shot bias;

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