New entry, strategic diversity and efficiency in soccer betting markets: the creation and suppression of arbitrage opportunities
We find that prices offered by competing bookmakers within the same quote-driven soccer (football) betting market provide arbitrage opportunities. However, the management practices of bookmakers prevent informed bettors exploiting these in practice. We identify two groups of bookmakers, ‘position-ta...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis
2018
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| Online Access: | https://eprints.nottingham.ac.uk/49935/ |