The state of research on markets for sports betting and suggested future directions
Author
Abstract
Suggested Citation
DOI: 10.1007/BF02761586
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Camerer, Colin F, 1989. "Does the Basketball Market Believe in the 'Hot Hand'?," American Economic Review, American Economic Association, vol. 79(5), pages 1257-1261, December.
- Figlewski, Stephen, 1979. "Subjective Information and Market Efficiency in a Betting Market," Journal of Political Economy, University of Chicago Press, vol. 87(1), pages 75-88, February.
- Maloney, Michael T. & Mulherin, J. Harold, 2003. "The complexity of price discovery in an efficient market: the stock market reaction to the Challenger crash," Journal of Corporate Finance, Elsevier, vol. 9(4), pages 453-479, September.
- Rodney Paul & Andrew Weinbach & J. Weinbach, 2003. "Fair bets and profitability in college football gambling," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 27(2), pages 236-242, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Berkowitz, Jason P. & Depken, Craig A. & Gandar, John M., 2015. "Information and accuracy in pricing: Evidence from the NCAA men׳s basketball betting market," Journal of Financial Markets, Elsevier, vol. 25(C), pages 16-32.
- Jason P. Berkowitz & Craig A. Depken II & John M. Gandar, 2018. "The Conversion of Money Lines Into Win Probabilities," Journal of Sports Economics, , vol. 19(7), pages 990-1015, October.
- Jason P. Berkowitz & Craig A. Depken, 2018. "A rational asymmetric reaction to news: evidence from English football clubs," Review of Quantitative Finance and Accounting, Springer, vol. 51(2), pages 347-374, August.
- Montone, Maurizio, 2021. "Optimal pricing in the online betting market," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 344-363.
- Stekler, H.O. & Sendor, David & Verlander, Richard, 2010.
"Issues in sports forecasting,"
International Journal of Forecasting, Elsevier, vol. 26(3), pages 606-621, July.
- Herman O. Stekler & David Sendor & Richard Verlander, 2009. "Issues in Sports Forecasting," Working Papers 2009-002, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
- Petr A. Parshakov & Kseniya O. Baydina, 2017. "Brands or Uncertainty? An Empirical Test of the Uncertainty of Outcome Hypothesis in Russian Football," HSE Working papers WP BRP 163/EC/2017, National Research University Higher School of Economics.
- Daniel C. Hickman, 2020. "Efficiency in the madness? examining the betting market for the ncaa men’s basketball tournament," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(3), pages 611-626, July.
- Arne Feddersen & Brad R. Humphreys & Brian P. Soebbing, 2017.
"Sentiment Bias And Asset Prices: Evidence From Sports Betting Markets And Social Media,"
Economic Inquiry, Western Economic Association International, vol. 55(2), pages 1119-1129, April.
- Arne Feddersen & Brad Humphreys & Brian Soebbing, 2013. "Sentiment Bias and Asset Prices: Evidence from Sports Betting Markets and Social Media," Working Papers 13-07, Department of Economics, West Virginia University.
- Jeremy M. Losak & Andrew P. Weinbach & Rodney J. Paul, 2023. "Behavioral Biases in Daily Fantasy Baseball: The Case of the Hot Hand," Journal of Sports Economics, , vol. 24(3), pages 374-401, April.
- Mills, Brian M. & Salaga, Steven, 2018. "A natural experiment for efficient markets: Information quality and influential agents," Journal of Financial Markets, Elsevier, vol. 40(C), pages 23-39.
- Benjamin Waggoner & Daniel Wines & Brian P. Soebbing & Chad S. Seifried & Jean Michael Martinez, 2014. "“Hot Hand” in the National Basketball Association Point Spread Betting Market: A 34-Year Analysis," IJFS, MDPI, vol. 2(4), pages 1-12, November.
- Arne Feddersen & Brad R. Humphreys & Brian P. Soebbing, 2018.
"Sentiment Bias in National Basketball Association Betting,"
Journal of Sports Economics, , vol. 19(4), pages 455-472, May.
- Arne Feddersen & Brad Humphreys & Brian Soebbing, 2013. "Sentiment Bias in National Basketball Association Betting," Working Papers 13-03, Department of Economics, West Virginia University.
- Berkowitz, Jason P. & Depken, Craig A. & Gandar, John M., 2017. "A favorite-longshot bias in fixed-odds betting markets: Evidence from college basketball and college football," The Quarterly Review of Economics and Finance, Elsevier, vol. 63(C), pages 233-239.
- Brian P. Soebbing & Pamela Wicker & Daniel Weimar & Johannes Orlowski, 2021. "How do Bookmakers Interpret Running Performance of Teams in Previous Games? Evidence From the Football Bundesliga," Journal of Sports Economics, , vol. 22(3), pages 231-250, April.
- Paul Gift, 2020. "Moving the Needle in MMA: On the Marginal Revenue Product of UFC Fighters," Journal of Sports Economics, , vol. 21(2), pages 176-209, February.
- Yoon Tae Sung & Scott Tainsky, 2014. "The National Football League Wagering Market," Journal of Sports Economics, , vol. 15(4), pages 365-384, August.
- R. Alan Bowman & James Lambrinos & Thomas Ashman, 2018. "Prospective measures of competitive balance application to money lines in the national hockey league," Applied Economics, Taylor & Francis Journals, vol. 50(46), pages 4925-4936, October.
- Sung, Ming-Chien & McDonald, David C.J. & Johnson, Johnnie E.V. & Tai, Chung-Ching & Cheah, Eng-Tuck, 2019. "Improving prediction market forecasts by detecting and correcting possible over-reaction to price movements," European Journal of Operational Research, Elsevier, vol. 272(1), pages 389-405.
- Paul Gift, 2019. "Performance Bonuses and Effort: Evidence from Fight Night Awards in Mixed Martial Arts," IJFS, MDPI, vol. 7(1), pages 1-15, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ledyard, John & Hanson, Robin & Ishikida, Takashi, 2009. "An experimental test of combinatorial information markets," Journal of Economic Behavior & Organization, Elsevier, vol. 69(2), pages 182-189, February.
- Michael Sinkey & Trevon Logan, 2014. "Does the Hot Hand Drive the Market? Evidence from College Football Betting Markets," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 40(4), pages 583-603, September.
- Johannes Kasinger, 2024. "Shrouded Sin Taxes," Papers 2409.01493, arXiv.org.
- Quitzau, Jörn, 2005. "Faktor Zufall als Spielverderber: zur Prognostizierbarkeit von Fußballergebnissen – Wettmärkte als effizienter Informationslieferant," Research Notes 18, Deutsche Bank Research.
- Robin Hanson, 2006. "Designing real terrorism futures," Public Choice, Springer, vol. 128(1), pages 257-274, July.
- Corey A. Shank, 2018. "Is the NFL betting market still inefficient?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 42(4), pages 818-827, October.
- Quitzau, Jörn & Vöpel, Henning, 2009. "Der Faktor Zufall im Fußball: Eine empirische Untersuchung für die Saison 2007/08," HWWI Research Papers 1-22, Hamburg Institute of International Economics (HWWI).
- Rodney J. Paul & Andrew P. Weinbach, 2005. "Bettor Misperceptions in the NBA," Journal of Sports Economics, , vol. 6(4), pages 390-400, November.
- Greg Durham & Tod Perry, 2008. "The Impact of Sentiment on Point Spreads in the College Football Wagering Market," Journal of Prediction Markets, University of Buckingham Press, vol. 2(1), pages 1-27, May.
- Goto, Shingo & Yamada, Toru, 2023. "What drives biased odds in sports betting markets: Bettors’ irrationality and the role of bookmakers," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 252-270.
- Bin-Tzong Chie & Chih-Hwa Yang, 2021. "Efficiency of the Experimental Prediction Market: Public Information, Belief Evolution, and Personality Traits," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 11(4), pages 1-3.
- Rodney Paul & Andrew Weinbach, 2005. "Market efficiency and NCAA college basketball gambling," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 29(3), pages 403-408, September.
- Kenneth H. Brown & Fred J. Abraham, 2002. "Testing Market Efficiency in the Major League Baseball Over-Under Betting Market," Journal of Sports Economics, , vol. 3(4), pages 311-319, November.
- Robin Maximilian Stetzka & Stefan Winter, 2023. "How rational is gambling?," Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1432-1488, September.
- Bill M. Woodland & Linda M. Woodland, 2000. "Testing Contrarian Strategies in the National Football League," Journal of Sports Economics, , vol. 1(2), pages 187-193, May.
- Thomas, Ashok & Spataro, Luca & Mathew, Nanditha, 2014.
"Pension funds and stock market volatility: An empirical analysis of OECD countries,"
Journal of Financial Stability, Elsevier, vol. 11(C), pages 92-103.
- Thomas Ashok & Luca Spataro & Mathew Nanditha, 2013. "Pension funds and Stock Market Volatility: An Empirical Analysis of OECD countries," Discussion Papers 2013/162, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
- George Halkos & Argyro Zisiadou, 2020. "Is Investors’ Psychology Affected Due to a Potential Unexpected Environmental Disaster?," JRFM, MDPI, vol. 13(7), pages 1-24, July.
- Stekler, H.O. & Sendor, David & Verlander, Richard, 2010.
"Issues in sports forecasting,"
International Journal of Forecasting, Elsevier, vol. 26(3), pages 606-621, July.
- Herman O. Stekler & David Sendor & Richard Verlander, 2009. "Issues in Sports Forecasting," Working Papers 2009-002, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
- Patrick DeJarnette & David Dillenberger & Daniel Gottlieb & Pietro Ortoleva, 2020.
"Time Lotteries and Stochastic Impatience,"
Econometrica, Econometric Society, vol. 88(2), pages 619-656, March.
- Patrick DeJarnette & David Dillenberger & Daniel Gottlieb & Pietro Ortoleva, 2014. "Time Lotteries and Stochastic Impatience," PIER Working Paper Archive 18-021, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 13 Jun 2018.
- DeJarnette, Patrick & Dillenberger, David & Gottlieb, Daniel & Ortoleva, Pietro, 2020. "Time lotteries and stochastic impatience," LSE Research Online Documents on Economics 102564, London School of Economics and Political Science, LSE Library.
- Marius Ötting & Christian Deutscher & Carl Singleton & Luca De Angelis, 2022.
"Gambling on Momentum,"
Economics Discussion Papers
em-dp2022-10, Department of Economics, University of Reading.
- Marius Otting & Christian Deutscher & Carl Singleton & Luca De Angelis, 2022. "Gambling on Momentum," Papers 2211.06052, arXiv.org.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jecfin:v:29:y:2005:i:3:p:416-426. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.