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The degree of inefficiency in the football betting market Statistical tests
7 references·12 citing·45 second hop
The degree of inefficiency in the football betting market Statistical tests (1991)The degree of inefficiency in the footbal…Efficient Capital Markets: II (1991)Efficient Capital Markets: IITesting Rationality in the Point Spread Betting Market (1988)Testing Rationality in the Po…The theory and practice of econometrics (1986)The theory and practice of ec…Racetrack betting and informed behavior (1982)Racetrack betting and informe…Efficiency of the Market for Racetrack Betting (1981)Efficiency of the Market for …HORSE RACING: TESTING THE EFFICIENT MARKETS MODEL (1978)HORSE RACING: TESTING THE EFF…Probability and Utility Estimates for Racetrack Bettors (1977)Probability and Utility Estim…The role of surprise: Understanding overreaction and underreaction to unanticipated events using in-play soccer betting market (2014)The role of surprise: Underst…Information and Efficiency: Goal Arrival in Soccer Betting (2013)Information and Efficiency: G…DOES SPORTSBOOK.COM SET POINTSPREADS TO MAXIMIZE PROFITS? (2012)DOES SPORTSBOOK.COM SET POINT…Issues in sports forecasting (2010)Issues in sports forecastingHow Efficient is the European Football Betting Market? Evidence from Arbitrage and Trading Strategies (2007)How Efficient is the European…Home advantage and the debate about competitive balance in professional sports leagues (2005)Home advantage and the debate…Bettor Misperceptions in the NBA (2005)Bettor Misperceptions in the …Why are Gambling Markets Organized so Differently from Financial Markets (2004)Why are Gambling Markets Orga…Efficiency in the NFL betting market: modifying and consolidating research methods (2004)Efficiency in the NFL betting…No place like home: an examination of the home field advantage in gambling strategies in NFL football (1999)No place like home: an examin…A generalized model for testing the home and favorite team advantage in point spread markets (1996)A generalized model for testi…TESTING FOR EFFICIENCY IN LOTTO MARKETS (1995)TESTING FOR EFFICIENCY IN LOT…Aspects of the Theory of Risk-Bearing. (1966)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk Aversion in the Small and in the Large (1976)Market Efficiency and the Favorite-Longshot Bias: The Baseball Betting Market (1994)Resistance of personal risk perceptions to debiasing interventions. (1995)Sympathetic Magical Thinking: The Contagion and Similarity “Heuristics” (2002)A model of investor sentiment /The Combination of Forecasts (1969)A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)Investor sentiment, soccer games and stock returns (2017)Efficiency of online football betting markets (2018)Why do some soccer bettors lose more money than others? (2018)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Testing for unit roots in heterogeneous panels (2003)Prediction accuracy of different market structures — bookmakers versus a betting exchange (2010)Ask not what economics can do for sports - Ask what sports can do for economics (2020)Intuitive prediction: Biases and corrective procedures (1982)Judgment under uncertainty: Heuristics and biases (1982)Judgment Under Uncertainty: Heuristics and Biases. (1984)On determining probability forecasts from betting odds (2014)A data-driven prediction approach for sports team performance and its application to National Basketball Association (2019)Forecasting the Olympic medal distribution – A socioeconomic machine learning model (2021)Rational Expectations and the Theory of Price Movements (1961)Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Judgment under Uncertainty (1982)Informed Traders and Price Variations in the Betting Market for Professional Basketball Games (1998)Information and efficiency: an empirical study of a fixed odds betting market (2000)Market Efficiency and Profitable Wagering in the National Hockey League: Can Bettors Score on Longshots? (2001)Stability of Choices among Uncertain Alternatives (1956)Market Efficiency in Racetrack Betting (1984)Efficiency and Profitability in Exotic Bets (1987)Parimutuel betting markets as information aggregation devices: experimental results (2003)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Capital markets research in accounting (2001)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries (1988)Bettors Love Skewness, Not Risk, at the Horse Track (1998)The Economics of Wagering Markets (1998)Asset pricing and the bid-ask spread (1986)The Effect of National Culture on the Choice of Entry Mode (1988)Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data (1998)
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References

  • 1991Efficient Capital Markets: II5,346 cited
  • 1986The theory and practice of econometrics4,342 cited
  • 1977Probability and Utility Estimates for Racetrack Bettors390 cited
  • 1981Efficiency of the Market for Racetrack Betting249 cited
  • 1978HORSE RACING: TESTING THE EFFICIENT MARKETS MODEL237 cited
  • 1988Testing Rationality in the Point Spread Betting Market181 cited
  • 1982Racetrack betting and informed behavior150 cited

Cited by

  • 2013Information and Efficiency: Goal Arrival in Soccer Betting111 cited
  • 2010Issues in sports forecasting99 cited
  • 2007How Efficient is the European Football Betting Market? Evidence from Arbitrage and Trading Strategies97 cited
  • 2005Home advantage and the debate about competitive balance in professional sports leagues86 cited
  • 1996A generalized model for testing the home and favorite team advantage in point spread markets77 cited
  • 2004Why are Gambling Markets Organized so Differently from Financial Markets76 cited
  • 1999No place like home: an examination of the home field advantage in gambling strategies in NFL football71 cited
  • 2012DOES SPORTSBOOK.COM SET POINTSPREADS TO MAXIMIZE PROFITS?

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70 cited
  • 2005Bettor Misperceptions in the NBA70 cited
  • 2004Efficiency in the NFL betting market: modifying and consolidating research methods67 cited
  • 1995TESTING FOR EFFICIENCY IN LOTTO MARKETS63 cited
  • 2014The role of surprise: Understanding overreaction and underreaction to unanticipated events using in-play soccer betting market50 cited