The economics of sports betting

Contents: 1. Consumer spending on spectator sports, physical activity, and sports betting: evidence from Canada. / Brad Humphreys, Jane Ruseski and Jie Yang -- 2. Should gambling markets be privatized? An examination of state lotteries in the United States. / Kent Grote and Victor A. Matheson -- 3. Price setting in fixed odds betting markets / Xiaogang Che, Arne Feddersen and Brad Humphreys -- 4. Informational efficiency of an in-play betting market for English Premier League football / Stephen Dobson, John Goddard and Peter Westmoreland -- 5. Estimating soccer betting odds: Are the many smarter than the few? / Jaume García, Levi Pérez and Plácido Rodríguez -- 6. New empirical evidence on the Tote-SP Anomaly and its implications for models of risky choice in gambling markets / Babatunde Buraimo, David Peel and Robert Simmons -- 7. Market efficiency and the favorite-longshot bias: Evidence -- from handball betting markets. / Arne Feddersen -- 8. Hot arms and the hot hand: bettor and sportsbook reaction to team and pitcher streaks in Major League Baseball. / Rodney Paul and Andrew Weinbach -- 9. Investigating the hot hand hypothesis: An application to European football. / Rob Simmons and Rhys Wheeler -- 10. Sports corruption and developments in betting markets / David Forrest -- Index