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Abnormal Returns of Soccer Teams : Reassessing the Informational Value of Betting Odds

Castellani, Massimiliano - 2018

We analyse the links between soccer match results, betting odds and stock returns of all listed European soccer teams. Using an event-study approach, we measure positive (negative) abnormal returns following wins (ties and losses). Additionally, we analyse the role, which we find to be...

Persistent link: https://www.econbiz.de/10012940301

An Overview of Sports Betting Regulation in the United States

Humphreys, Brad R. - 2017

The United States employs an ad hoc, unconventional method of regulating sports betting, banning it almost everywhere while granting a monopoly to firms in a single state, Nevada. This approach encourages illegal sports betting markets, ignores negative externalities, and generates welfare...

Persistent link: https://www.econbiz.de/10012943130

Is Lottery Demand Elasticity a Reliable Marketing Tool? Evidence from a Game Innovation in Greece

Papachristou, George A. - 2010

In Greece a lotto game has been offered since 1990 whereas a new version was introduced seven years later with a clearly more skewed payoff. This paper aims to analyze whether demand estimates from the original game help explain the subsequent innovation and to assess, in that sense, the...

Persistent link: https://www.econbiz.de/10012761893

On the Demand for Lotteries in Greece

Geronikolaou, George - 2010

Estimates of both a traditional demand equation in effective price and a more recent demand equation in jackpots indicate that the Greek operator definitely misprices his product contrary to the existing international evidence on operators pricing more or less correctly their lotteries....

Persistent link: https://www.econbiz.de/10012761894

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 outcome is an unreliable performance measure, as it underestimates the high level of randomness involved in the sport. If bettors overestimate the importance of past match...

Persistent link: https://www.econbiz.de/10012820013

NFL Betting Market Efficiency, Divisional Rivals, and Profitable Strategies

Shank, Corey A. - 2019

gambling market. The results show that games against division rivals have a lower chance of the home team covering the spread …

Persistent link: https://www.econbiz.de/10012870878

Due Process, Private Nondelegation Doctrine, and the Regulation of Sports Betting

Rodenberg, Ryan M. - 2019

The purpose of this article is two-fold. First, this article retrospectively explains why Congress' move to deputize sports leagues with regulatory power under PASPA unconstitutionally violated both the private nondelegation doctrine and Due Process Clause. Second, this article prospectively...

Persistent link: https://www.econbiz.de/10012871659

Can Gambling Increase Savings? Empirical Evidence on Prize-Linked Savings Accounts

Cole, Shawn Allen - 2017

serves as a substitute for lottery gambling. Exploiting the random assignment of prizes, we also present evidence that prize …

Persistent link: https://www.econbiz.de/10012973195

Game, Set and Match : The Favorite-Long Shot Bias in Tennis Betting Exchanges

Abinzano, Isabel - 2016

We test for the existence of Favorite-Longshot Bias (FLB) in tennis betting exchanges. Despite these being order-driven markets, with no direct participation from bookmakers, we have found very similar results to those obtained by Lahvicka (2014) for betting markets: the bias is stronger in...

Persistent link: https://www.econbiz.de/10013003433

The Sham of Integrity Fees in Sports Betting

Holden, John T. - 2020

sports gambling for the first time in more than 25 years. The advent of legalized gambling has sports leagues clamoring for … compensation from states that authorize wagers on the particular leagues' games. Legal sports gambling promises to be one of the … largest growth industries in the United States for years to come. Americans spent upwards of $150 billion gambling illegally …

Persistent link: https://www.econbiz.de/10012849743