The betting market over time: overround and surebets in European football

Carlos Gomez-Gonzalez and Julio del Corral

Economics and Business Letters, 2018, vol. 7, issue 4, 129-136

Abstract: Sports betting is an important industry that generates billions of euros of revenue in Europe, and attracts the attention of sports economists. The recent entry of new companies could influence the market regarding the prices (overround), and hence, cross-bookmaker arbitrage opportunities. This paper investigates the movements of major betting companies in European football during the period from 2000-2001 to 2016-2017 with respect to these two issues. The results show a continuous decrease in the prices of the odds, which is especially noticeable in the top five leagues. In this line, the number of surebets have increased among major bookmakers in recent years, which offers bettors more possibilities to make a profit.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://reunido.uniovi.es/index.php/EBL/article/view/12711 (text/html)

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:ove:journl:aid:12711

Access Statistics for this article

Economics and Business Letters is currently edited by Francisco J. Delgado

More articles in Economics and Business Letters from Oviedo University Press Contact information at EDIRC.
Bibliographic data for series maintained by Francisco J. Delgado ().