New entry, strategic diversity and efficiency in soccer betting markets: the creation and suppression of arbitrage opportunities
(2018)
Journal Article
Grant, A., Oikonomidis, A., Bruce, A. C., & Johnson, J. E. (2018). New entry, strategic diversity and efficiency in soccer betting markets: the creation and suppression of arbitrage opportunities. European Journal of Finance, 24(18), (1799-1816). doi:10.1080/1351847X.2018.1443148. ISSN 1351-847X
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.... Read More