Match Rigging and the Favorite Long-Shot Bias in the Italian Football Betting Market

Marco Rossi ()
Additional contact information
Marco Rossi: University La Sapienza, Rome

International Journal of Sport Finance, 2011, vol. 6, issue 4, 317-334

Abstract: In this empirical study, I compared the results of matches played in the Italian football league Serie A with the odds offered by bookmakers. I found that the market odds were good predictors of the actual game results, but I also found that the distribution of returns for odds’ subgroups displayed the so-called favorite long shot (F/L) bias. Given the evidence of match-rigging in Italian football, I investigated if this bias was caused by a strategic behavior of bookmakers who were expecting to deal with insiders. My results support that match-rigging was associated with a larger F/L bias.

Keywords: football wagering; match rigging; favorite long shot bias (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.fitinfotech.com/IJSF/IJSFbackissueWVU.tpl (text/html)
Full-text download requires subscription from FIT.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jsf:intjsf:v:6:y:2011:i:4:p:317-334

Ordering information: This journal article can be ordered from
http://www.fitinfote ... IJSFbackissueWVU.tpl

Access Statistics for this article

International Journal of Sport Finance is currently edited by Arne Feddersen, Babatunde Buraimo, Joachim Prinz and Jane Ruseski

More articles in International Journal of Sport Finance from Fitness Information Technology
Bibliographic data for series maintained by Victor Matheson ().