Regression Tests and the Efficiency of Fixed Odds Betting Markets
The informational content of odds posted in sports betting market has been an ongoing topic of research. In this paper, I test whether fixed odds betting markets in soccer are informationally efficient. The contributions of the paper are threefold: first, I propose a simple yet flexible statistical test to assess efficiency. Second, this test is applied to fixed odds betting markets in 10 different countries, and multiple seasons. Thereby, the empirical scope of the paper is much wider than that of research published so far. Finally, I examine significance of one variable that has received little attention in the literature so far: returns on earlier bets of the contestants.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 7 (2012)
Issue (Month): 3 (August)
|Contact details of provider:|| Web page: http://www.fitinfotech.com/|
|Order Information:||Web: http://www.fitinfotech.com/IJSF/IJSFbackissueWVU.tpl|
When requesting a correction, please mention this item's handle: RePEc:jsf:intjsf:v:7:y:2012:i:3:p:262-274. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson)
If references are entirely missing, you can add them using this form.