This unique book examines how sports betting markets function.
Charting recent international developments, expert contributors
consider how both bookmakers and stakeholders view these changes,
their prime areas of concern and the potential methods for
addressing them. Providing a rigorous economic analysis throughout,
this book examines the informational efficiency of betting markets
and the prevalence of corruption and illegal betting in sports.
Against this background, chapters explore pertinent questions such
as: should gambling markets be privatized? Is the `hot hand'
hypothesis real or a myth? Are the `many' smarter than the `few' in
estimating betting odds? How are prices set in fixed odds betting
markets? Chapters also review important policy concerns such as the
health implications posed by the potential link between the
accelerating popularity of sports betting and the decline in sports
participation. Academics and students studying economics, sports
economics and, more specifically, sports betting will find this
book an engaging companion. Contemporary and up to date, it will
also appeal to stakeholders looking to widen their professional
insight. Contributors include: B. Buraimo, X. Che, S. Dobson, A.
Feddersen, D. Forrest, J. Garcia, J. Goddard, K. Grote, B.
Humphreys, V. Matheson, R. Paul, D. Peel, L. Perez, P. Rodriguez,
J. Ruseski, R. Simmons, P. Westmoreland, A. Weinbach, R. Wheeler,
J. Yang
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