Authors: Deschamps, Bruno; Gergaud, Olivier

Source: The Journal of Prediction Markets, Volume 1, Number 1, February 2007 , pp. 61-73(13)

Publisher: University of Buckingham Press

Abstract:

We analyze the efficiency of English football betting markets between 2002 and 2006. We find evidence of a positive favourite-longshot bias for both home odds and away odds. Draw odds are instead characterized by a negative longshot bias. We also identify a draw bias in the sense that betting at draw odds yields a higher return than betting at home or away odds. Finally, we investigate betting strategies that exploit the variance of odds between bookmakers.

Document Type: Research article

Publication date: 2007-02-01

More about this publication?

• Editorial Board
• Information for Authors
• Subscribe to this Title
• ingentaconnect is not responsible for the content or availability of external websites

Related content

• In this: publication
• By this: publisher
• By this author: Deschamps, Bruno ;  Gergaud, Olivier

Website © Publishing Technology. Article copyright remains with the publisher, society or author(s) as specified within the article.

• Terms and conditions
• Privacy policy
• Information for advertisers