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. https://doi.org/10.1080/1351847X.2018.1443148
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 about New entry, strategic diversity and efficiency in soccer betting markets: the creation and suppression of arbitrage opportunities.