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The Demand for Football Pools in Spain

Author

Listed:
  • Jaume García

    (Universitat Pompeu Fabra, jaume.garcia@upf.edu)

  • Plácido Rodríguez

    (Universidad de Oviedo, placido@uniovi.es)

Abstract

Using data for all the fixtures for the seasons from 1972-73 to 2002-03, we estimate a dynamic model of demand for football pools in Spain paying attention to the effect of the main economic explanatory variables: the face value of a coupon, the effective price of a bet, and the jackpot. Additionally, we evaluate the importance of the composition of the list of games in the coupon, i.e., whether First Division matches are included. Results show that both the face value and the jackpot, but not the effective price, have significant effects on sales, which could have important implications in terms of how the structure of the game should be changed in order to have an effect on sales.

Suggested Citation

  • Jaume García & Plácido Rodríguez, 2007. "The Demand for Football Pools in Spain," Journal of Sports Economics, , vol. 8(4), pages 335-354, August.
    • Handle: RePEc:sae:jospec:v:8:y:2007:i:4:p:335-354
    DOI: 10.1177/1527002506292578
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    References listed on IDEAS

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    Cited by:

    1. Jaume García & Levi Pérez & Plácido Rodríguez, 2017. "Forecasting football match results: are the many smarter than the few?," Chapters, in: Plácido Rodríguez & Brad R. Humphreys & Robert Simmons (ed.), The Economics of Sports Betting, chapter 5, pages 71-91, Edward Elgar Publishing.
    2. Brad R. Humphreys & Jane E. Ruseski & Jie Yang, 2020. "Household consumption decisions: will expanding sports betting impact health?," Review of Economics of the Household, Springer, vol. 18(4), pages 1079-1100, December.

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