Breuer, Wolfgang; Hauten, Guido; Kreuz, Claudia - In: Journal of Banking & Finance 33 (2009) 12, pp. 2241-2252
We examine theoretically and experimentally a certain class of new financial instruments which are designed as lotteries on the outcome of prominent sports events like the Soccer World Cup 2006. From a theoretical point of view, sports betting products may be superior to a fixed rate investment...
