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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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.

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Journal Article
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Applied Economics
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11 Jul 2011 18:20
Last Modified:
21 Nov 2022 21:15