Does transparency imply efficiency? The case of the European soccer betting market

Anastasios Oikonomidis, Alistair C. Bruce and Johnnie E.V. Johnson

Economics Letters, 2015, vol. 128, issue C, 59-61

Abstract: We discover mispricing in an apparently transparent market — the European soccer betting market. Efficiency differences between countries are accounted for by variations in league competitiveness. We conclude that barriers to efficiency (e.g., risk evaluation problems) may remain in transparent markets.

Keywords: Efficiency; Transparent market; Favourite-longshot bias (search for similar items in EconPapers)
JEL-codes: G1 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:128:y:2015:i:c:p:59-61

DOI: 10.1016/j.econlet.2015.01.015

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