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Underestimating randomness: Outcome bias in betting exchange markets
Merz, Oliver; Flepp, Raphael; Franck, Egon - 2021
This paper examines whether the outcome bias harms price efficiency in betting exchange markets. In soccer, the match … accurate prices for lucky and unlucky teams. Analyzing over 8,900 soccer matches, we find evidence that the prices are …
Persistent link: https://www.econbiz.de/10012820013
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NFL Betting Market Efficiency, Divisional Rivals, and Profitable Strategies
Shank, Corey A. - 2019
In this paper, I examine market inefficiencies in the NFL betting market from the 2003 season through the 2016 season. I examine the impact that division rivals and previously known determinants of inefficiencies have on the current NFL gambling market. The results show that games against...
Persistent link: https://www.econbiz.de/10012870878
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Disagreement and market structure in betting markets : theory and evidence from European soccer
Hegarty, Tadgh; Whelan, Karl - 2023
feature. We develop a version of the model for soccer matches and use these results to explain empirical findings on odds for … over 80,000 European soccer games from two different bookmaking markets. …
Persistent link: https://www.econbiz.de/10014279650
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Event clustering and abnormal returns : reassessing the informational value of bets
Castellani, Massimiliano; Pattitoni, Pierpaolo; … - 2012 - This version: January 27, 2012
An avalanche of empirical studies has addressed the validity of the rank-size rule (or Zipf's law) in a multi-city context in many countries. City size in most countries seems to obey Zipf's law, but the question under which conditions (e.g. sample size, spatial scale) this 'law' holds remained...
Persistent link: https://www.econbiz.de/10011734266
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Measuring Competitive Balance in Formula One Racing
Budzinski, Oliver - 2019
The Formula One Championship (F1) is one of the biggest sports businesses in the world. But, however, it seems to astonish that only very few scholarly articles analyze the F1 business. The aim of this study is to contribute to closing two gaps in the existing literature: it contributes (1) to...
Persistent link: https://www.econbiz.de/10012890117
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Should Organizing Premier-Level European Football Be a Monopoly? And Who Should Run It? – An Economists’ Perspective
Budzinski, Oliver; Feddersen, Arne - 2022
The controversy around the breakaway European Super League, set to conquer the UEFA Champions League, and the surrounding antitrust proceedings revive the academic discussion about the monopoly power of sport-internal governing bodies (like the UEFA), the justification for and limits of their...
Persistent link: https://www.econbiz.de/10014077981
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Should organizing premier-level European football be a monopoly? : and who should run it? - an economists' perspective
Budzinski, Oliver; Feddersen, Arne - 2022
The controversy around the breakaway European Super League, set to conquer the UEFA Champions League, and the surrounding antitrust proceedings revive the academic discussion about the monopoly power of sport-internal governing bodies (like the UEFA), the justification for and limits of their...
Persistent link: https://www.econbiz.de/10013367751
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Beating the Average : How to Generate Profit by Exploiting the Inefficiencies of Soccer Betting
Stömmer, Ralph - 2023
example for an inefficiency detected in the German soccer betting TOTO 13er Wette, which is operated by state-run lottery … agencies. Gamblers have to guess the outcome (win, draw, loss) of 13 soccer matches listed on a lottery tip. Applying … in moderate, but consistent profits. It is briefly discussed if lessions learned from soccer betting can be transferred …
Persistent link: https://www.econbiz.de/10014358637
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Efficient markets hypothesis in the time of COVID-19
Vasileiou, Evangelos - In: Review of Economic Analysis : REA 12 (2020) 2, pp. 1-28
This paper examines how the largest stock market of the world, the U.S., and particularly the S&P500 index, reacted during the COVID-19 outbreak (02.01.2020-30.04.2020). Using simple financial and corporate analysis (adopting Constant Growth Model) procedures for our theoretical framework, we...
Persistent link: https://www.econbiz.de/10012269381
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Exploring the Market of Soccer Player Registrations : An Empirical Analysis of the Difference between Transfer Fees and Estimated Players’ Inherent Value
Campa, Domenico - 2021
This paper examines the determinants of the difference between soccer player registration transfer fees and the …
Persistent link: https://www.econbiz.de/10013313275