UID:
almahu_9948265239602882
Format:
1 online resource (224 p.) ;
,
cm.
ISBN:
9781785364556 (e-book)
Series Statement:
New horizons in the economics of sport series
Content:
This unique book examines how sports betting markets function. Charting recent international developments, expert contributors consider how both bookmakers and stakeholders view these changes, their prime areas of concern and the potential methods for addressing them. Providing a rigorous economic analysis throughout, this book examines the informational efficiency of betting markets and the prevalence of corruption and illegal betting in sports. Against this background, chapters explore pertinent questions such as: should gambling markets be privatized? Is the 'hot hand' hypothesis real or a myth? Are the 'many' smarter than the 'few' in estimating betting odds? How are prices set in fixed odds betting markets? Chapters also review important policy concerns such as the health implications posed by the potential link between the accelerating popularity of sports betting and the decline in sports participation. Academics and students studying economics, sports economics and, more specifically, sports betting will find this book an engaging companion. Contemporary and up to date, it will also appeal to stakeholders looking to widen their professional insight.
Note:
Contents: 1. Consumer spending on spectator sports, physical activity, and sports betting: evidence from Canada. / Brad Humphreys, Jane Ruseski and Jie Yang -- 2. Should gambling markets be privatized? An examination of state lotteries in the United States. / Kent Grote and Victor A. Matheson -- 3. Price setting in fixed odds betting markets / Xiaogang Che, Arne Feddersen and Brad Humphreys -- 4. Informational efficiency of an in-play betting market for English Premier League football / Stephen Dobson, John Goddard and Peter Westmoreland -- 5. Estimating soccer betting odds: Are the many smarter than the few? / Jaume García, Levi Pérez and Plácido Rodríguez -- 6. New empirical evidence on the Tote-SP Anomaly and its implications for models of risky choice in gambling markets / Babatunde Buraimo, David Peel and Robert Simmons -- 7. Market efficiency and the favorite-longshot bias: Evidence -- from handball betting markets. / Arne Feddersen -- 8. Hot arms and the hot hand: bettor and sportsbook reaction to team and pitcher streaks in Major League Baseball. / Rodney Paul and Andrew Weinbach -- 9. Investigating the hot hand hypothesis: An application to European football. / Rob Simmons and Rhys Wheeler -- 10. Sports corruption and developments in betting markets / David Forrest -- Index
Additional Edition:
ISBN 9781785364549 (hardback)
Language:
English
Keywords:
Electronic books.
;
Electronic books
;
Electronic books.
URL:
https://www.elgaronline.com/view/9781785364549.xml
URL:
FULL
((Currently Only Available on Campus))
URL:
https://www.elgaronline.com/view/9781785364549.xml
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