Have Betting Exchanges Corrupted Horse Racing?

Alasdair Brown and Fuyu Yang

Journal of Sports Economics, 2017, vol. 18, issue 7, 673-697

Abstract: Betting exchanges allow punters to bet on a horse to lose a race. This, many argue, has opened up the sport to a new form of corruption, where races will be deliberately lost in order to profit from betting. We examine whether anecdotal evidence of the fixing of horses to lose—of which there are many examples—is indicative of wider corruption. Following a “forensic economics†approach, we build an asymmetric information model of exchange betting and take it to betting data on 9,560 races run in 2013/2014. We find no evidence of the widespread corruption of horse racing by the betting exchanges.

Keywords: corruption; horse racing; betting exchanges; asymmetric information (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/1527002515595267 (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:sae:jospec:v:18:y:2017:i:7:p:673-697

DOI: 10.1177/1527002515595267

Access Statistics for this article

More articles in Journal of Sports Economics
Bibliographic data for series maintained by SAGE Publications ().