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On the efficiency of online soccer betting markets: a new methodology based on symbolic series

Author

Listed:
  • Salvatore Caruso

    (Zanasi & Partners)

  • Giuseppe Pernagallo

    (Collegio Carlo Alberto, University of Turin)

Abstract

We propose a new methodology based on symbolic series to test the weak form of efficiency for soccer betting markets. This purpose was accomplished by introducing a definition of returns for betting markets and then creating binary series using the notion of excess returns. We present an application of the method using Serie A and Premier League data.

Suggested Citation

  • Salvatore Caruso & Giuseppe Pernagallo, 2021. "On the efficiency of online soccer betting markets: a new methodology based on symbolic series," Economics Bulletin, AccessEcon, vol. 41(3), pages 1451-1460.
    • Handle: RePEc:ebl:ecbull:eb-21-00572
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Econometric Modelling; Efficient Market Hypothesis; Financial Economics; Information Theory;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • G1 - Financial Economics - - General Financial Markets

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