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Applied Economics Letters Volume 8, 2001 - Issue 9
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Original Articles

Breakage and betting market efficiency: evidence from the horse track

Kelly Busche School of Economics & Finance, University of Hong Kong, Pokfulam Road, Hong Kong
&
W. David Walls Department of Economics, University of California at Irvine, Irvine, CA 92697, USA
Pages 601-604 | Published online: 06 Oct 2010

Citations (8)

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Read on this site (3)

Marshall Gramm & Douglas H. Owens. (2005) Determinants of betting market efficiency. Applied Economics Letters 12:3, pages 181-185.
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Les Coleman. (2004) New light on the longshot bias. Applied Economics 36:4, pages 315-326.
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W. David Walls & Kelly Busche. (2003) Broken odds and the favourite-longshot bias in parimutuel betting: a direct test. Applied Economics Letters 10:5, pages 311-314.
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Articles from other publishers (5)

Craig R. M. McKenzie, Shlomi Sher, Johannes Müller-Trede, Charlette Lin, Michael J. Liersch & Anthony George Rawstron. (2016) Are Longshots Only for Losers? A New Look at the Last Race Effect. Journal of Behavioral Decision Making 29:1, pages 25-36.
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Jaiho Chung & Joon Ho Hwang. (2010) An Empirical Examination of the Parimutuel Sports Lottery Market versus the Bookmaker Market. Southern Economic Journal 76:4, pages 884-905.
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Marshall Gramm & Douglas H. Owens. (2006) Efficiency in Pari‐Mutuel Betting Markets across Wagering Pools in the Simulcast Era. Southern Economic Journal 72:4, pages 926-937.
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Ivan. A. Paya, David. A. Peel, David. Law & John. Peirson. 2009. Information Efficiency in Financial and Betting Markets. Information Efficiency in Financial and Betting Markets 346 365 .
Alexander K. Koch & Hui-Fai Shing. (2007) Bookmaker and Pari-Mutuel Betting: Is a (Reverse) Favourite-Longshot Bias Built-In?. SSRN Electronic Journal.
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