Short and long-term biases in European football pre-game betting markets

Winkelmann D, Ötting M, Deutscher C (2020) Universität Bielefeld Working Papers in Economics and Management; 06-2020.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
Research on sports betting often attempts to identify biased evaluation by bookmakers, opening opportunities for profitable strategies to bettors. Previous studies have provided evidence for the existence of such ineffiiciencies. Since most studies cover only a few seasons, the question of whether market inefficiencies per- sist over time remains unanswered. We analyse the big five leagues in European association football for fourteen seasons to detect the occurrence and duration of market inefficiencies. While our results suggest that most biases do not persist for a long time, we still uncover profitable betting strategies throughout the full observation period.
Stichworte
OR in sports; Sports betting; Efficient markets; Biases
Erscheinungsjahr
2020
Band
06-2020
Seite(n)
27
ISSN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2945090

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Winkelmann D, Ötting M, Deutscher C. Short and long-term biases in European football pre-game betting markets. Universität Bielefeld Working Papers in Economics and Management. Vol 06-2020. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2020.
Winkelmann, D., Ötting, M., & Deutscher, C. (2020). Short and long-term biases in European football pre-game betting markets (Universität Bielefeld Working Papers in Economics and Management, 06-2020). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2945090
Winkelmann, D., Ötting, M., and Deutscher, C. (2020). Short and long-term biases in European football pre-game betting markets. Universität Bielefeld Working Papers in Economics and Management, 06-2020, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Winkelmann, D., Ötting, M., & Deutscher, C., 2020. Short and long-term biases in European football pre-game betting markets, Universität Bielefeld Working Papers in Economics and Management, no.06-2020, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
D. Winkelmann, M. Ötting, and C. Deutscher, Short and long-term biases in European football pre-game betting markets, Universität Bielefeld Working Papers in Economics and Management, vol. 06-2020, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2020.
Winkelmann, D., Ötting, M., Deutscher, C.: Short and long-term biases in European football pre-game betting markets. Universität Bielefeld Working Papers in Economics and Management, 06-2020. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2020).
Winkelmann, David, Ötting, Marius, and Deutscher, Christian. Short and long-term biases in European football pre-game betting markets. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2020. Universität Bielefeld Working Papers in Economics and Management. 06-2020.
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2020-08-07T13:45:35Z
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