Sentiment in the betting market on Spanish football

Forrest, D and Simmons, R (2008) Sentiment in the betting market on Spanish football. Applied Economics, 40 (1). pp. 119-126. ISSN 0003-6846

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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.

Item Type:
Journal Article
Journal or Publication Title:
Applied Economics
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
44748
Deposited By:
Deposited On:
11 Jul 2011 18:20
Refereed?:
Yes
Published?:
Published
Last Modified:
06 Aug 2020 01:19