Koning, Ruud H. - In: International Journal of Sport Finance 7 (2012) 3, pp. 262-274
, I test whether fixed odds betting markets in soccer are informationally efficient. The contributions of the paper are … threefold: first, I propose a simple yet flexible statistical test to assess efficiency. Second, this test is applied to fixed … odds betting markets in 10 different countries, and multiple seasons. Thereby, the empirical scope of the paper is much …