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Sentiment in the betting market on Spanish football

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  • David Forrest
  • Robert Simmons

Abstract

We employ a sample of over 3000 bets available on matches from the top tier of Spanish football in an examination of the efficiency of betting odds offered in the on-line betting market. Odds appear to be influenced by the relative number of fans of each club in a match, with supporters of the more popular team offered more favourable terms on their wagers. We report similar findings for a sample of games from Scotland. The results contrast with studies of American sports betting markets but are consistent with competitive behaviour by profit maximizing bookmakers in a market where bettors can choose between several operators.

Suggested Citation

  • David Forrest & Robert Simmons, 2008. "Sentiment in the betting market on Spanish football," Applied Economics, Taylor & Francis Journals, vol. 40(1), pages 119-126.
  • Handle: RePEc:taf:applec:v:40:y:2008:i:1:p:119-126 DOI: 10.1080/00036840701522895
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