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Investigating the “hot hand†hypothesis: an application to European football

In: The Economics of Sports Betting

Author

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  • Robert Simmons
  • Rhys Wheeler

Abstract

In this chapter the authors test the ‘hot hand’ hypothesis in European football and analyze returns to simple betting rules relating to team momentum effects. They detect some evidence that the market believes in the notion of winning streaks but such beliefs are fully incorporated into bookmaker fixed-odds. In European football, it appears there is no scope for gamblers to exploit team winning streaks so as to generate profits for themselves.

Suggested Citation

  • Robert Simmons & Rhys Wheeler, 2017. "Investigating the “hot hand†hypothesis: an application to European football," Chapters, in: Plácido Rodríguez & Brad R. Humphreys & Robert Simmons (ed.), The Economics of Sports Betting, chapter 9, pages 139-161, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16946_9
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    Keywords

    Economics and Finance;

    Statistics

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