There is a well-established literature on separately testing the prediction power of different betting market settings …. This paper provides an inter-market comparison of the forecasting accuracy between bookmakers and a major betting exchange …, Spain) during three seasons (5478 games in total), we find evidence that the betting exchange provides more accurate …

The possibility to use hedging strategies is an often neglected aspect in the literature on prediction/betting markets …: (i) the need to pay a fee when using a betting exchange and (ii) the lack of a lay option (the possibility to bet against …

sport betting: parimutuel. We characterize the odds and the bookmaker’s payoff in (strong) subgame perfect equilibrium for …We analyze the effect of taxation in the online sport betting market. A relevant characteristic of this market is its … negligible marginal cost on bet volume. Taxation can be on gross profit (Gross Profit Tax) or on volume (General Betting Duty …

bookmakers to analyse potential substitution between lottery play and bookmaker betting. We find some evidence that bettors do … substitute away from horse race, dog race and numbers betting when the effective price of lottery tickets is unusually low, i … results further suggest that bettors rationally engage in forward-looking substitution within their betting portfolios. …

The possibility to use hedging strategies is an often neglected aspect in the literature on prediction/betting markets …: (i) the need to pay a fee when using a betting exchange and (ii) the lack of a lay option (the possibility to bet against …

sport betting: parimutuel. We characterize the odds and the bookmaker's payoff in (strong) subgame perfect equilibrium for …We analyze the effect of taxation in the online sport betting market. A relevant characteristic of this market is its … negligible marginal cost on bet volume. Taxation can be on gross profit (Gross Profit Tax) or on volume (General Betting Duty …

Previous research has examined participation in betting in general, while sports bets have not been investigated … specifically. The purpose of this study is to investigate the participation in sports betting and the mechanisms to place bets in … Germany. Based on the economic household theory, it is assumed that participation in sports betting can be explained by a set …