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The Economics of Sports Betting

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Table of Contents

Contents: Introduction 1. Consumer Spending on Spectator Sports, Physical Activity, and Sports Betting: Evidence from Canada Brad R. Humphreys, Jane E. Ruseski and Jie Yang 2. Should Gambling Markets be Privatized? An Examination of State Lotteries in the United States Kent R. Grote and Victor A. Matheson 3. Price Setting and Competition in Fixed Odds Betting Markets Xiaogang Che, Arne Feddersen and Brad R. Humphreys 4. Evaluating Probabilities for a Football In-play Betting Market Stephen Dobson and John Goddard 5. Forecasting Football Match Results: Are the Many Smarter Than the Few? Jaume Garcia, Levi Perez and Placido Rodriguez 6. New Empirical Evidence on the Tote-SP Anomaly and its Implications for Models of Risky Choice in Gambling Markets Babatunde Buraimo, David Peel and Robert Simmons 7. Market Efficiency and the Favorite-longshot Bias: Evidence from Handball Betting Markets Arne Feddersen 8. Hot Arms and the Hot Hand: Bettor and Sportsbook Reaction to Team and Pitcher Streaks in Major League Baseball Rodney Paul and Andrew Weinbach 9. Investigating the "Hot hand" Hypothesis: An Application to European Football Rob Simmons and Rhys Wheeler 10. Sports Corruption and Developments in Betting Markets David Forrest Index

About the Author

Edited by Placido Rodriguez, University of Oviedo, Spain, Brad R. Humphreys, Department of Economics, West Virginia University, US and Robert Simmons, Lancaster University Management School, UK

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