Sentiment in the betting market on Spanish football

C-Tier
Journal: Applied Economics
Year: 2008
Volume: 40
Issue: 1
Pages: 119-126

Authors (2)

David Forrest (not in RePEc) Robert Simmons (Lancaster University)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We employ a sample of over 3000 bets available on matches from the top tier of Spanish football in an examination of the efficiency of betting odds offered in the on-line betting market. Odds appear to be influenced by the relative number of fans of each club in a match, with supporters of the more popular team offered more favourable terms on their wagers. We report similar findings for a sample of games from Scotland. The results contrast with studies of American sports betting markets but are consistent with competitive behaviour by profit maximizing bookmakers in a market where bettors can choose between several operators.

Technical Details

RePEc Handle
repec:taf:applec:v:40:y:2008:i:1:p:119-126
Journal Field
General
Author Count
2
Added to Database
2026-01-29