New entry, strategic diversity and efficiency in soccer betting markets: the creation and suppression of arbitrage opportunities

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...

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Bibliographic Details
Main Authors: Grant, Andrew, Oikonomidis, Anastasios, Bruce, Alistair C., Johnson, Johnnie E.V.
Format: Article
Language:English
Published: Taylor & Francis 2018
Online Access:https://eprints.nottingham.ac.uk/49935/

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