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Applied Economics Letters Volume 12, 2005 - Issue 3
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Original Articles

Determinants of betting market efficiency

Marshall Gramm * Department of Economics and Business, Rhodes College, 2000 North Parkway, Memphis, TN 38112-1690, USA
&
Douglas H. Owens Welch Consulting, 111 University Drive East, Suite 205, College Station, TX 77840, USA
Pages 181-185 | Published online: 20 Aug 2006

Citations (14)

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Read on this site (5)

Alexander D. Binder & Paul W. Grimes. (2022) Defying the odds: horseplayers and female jockeys. Applied Economics Letters 29:17, pages 1556-1563.
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Jinook Jeong, Jee Young Kim & Yoon Jae Ro. (2019) On the efficiency of racetrack betting market: a new test for the favourite-longshot bias. Applied Economics 51:54, pages 5817-5828.
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Marshall Gramm, C. Nicholas McKinney & Douglas H. Owens. (2012) Efficiency and arbitrage across parimutuel wagering pools. Applied Economics 44:14, pages 1813-1822.
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Chuan Lee, Chin-Tsai Lin & Chien-Hua Lai. (2010) Jackpot promotion model for Taiwan Lotto. Applied Economics 42:6, pages 797-801.
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Chin-Tsai Lin, Chuan Lee & Chien-Hua Lai. (2008) Effective price elasticity for the Taiwan Lotto. Journal of Statistics and Management Systems 11:4, pages 637-644.
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Articles from other publishers (9)

L.F. Costa Sperb, M.-C. Sung, T. Ma & J.E.V. Johnson. (2022) Turning the heat on financial decisions: Examining the role temperature plays in the incidence of bias in a time-limited financial market. European Journal of Operational Research 299:3, pages 1142-1157.
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F. Javier Otamendi, Luis M. Doncel & Cecilia Martín‐Gutiérrez. (2020) Meeting Expectations at the 2016 Rio Olympic Games: Country Potential and Competitiveness. Social Science Quarterly 101:2, pages 656-677.
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Luis Felipe Costa Sperb, Ming-Chien Sung, Johnnie E.V. Johnson & Tiejun Ma. (2019) Keeping a weather eye on prediction markets: The influence of environmental conditions on forecasting accuracy. International Journal of Forecasting 35:1, pages 321-335.
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Rodney Paul & Andrew Weinbach. (2014) Market Efficiency and Behavioral Biases in the WNBA Betting Market. International Journal of Financial Studies 2:2, pages 193-202.
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H.O. Stekler, David Sendor & Richard Verlander. (2010) Issues in sports forecasting. International Journal of Forecasting 26:3, pages 606-621.
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Marco OttavianiPeter Norman Sørensen. (2010) Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions. American Economic Journal: Microeconomics 2:1, pages 58-85.
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Russell S. Sobel & Matt E. Ryan. 2008. Handbook of Sports and Lottery Markets. Handbook of Sports and Lottery Markets 137 160 .
Philip F. O'Connor. (2007) The Economic Significance of the Longshot Bias in Horse Race Wagering. SSRN Electronic Journal.
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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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