Forecasting football match results: are the many smarter than the few?*

Jaume García, Levi Pérez and Plácido Rodríguez
Authors registered in the RePEc Author Service: Levi Pérez

Chapter 5 in The Economics of Sports Betting, 2017, pp 71-91 from Edward Elgar Publishing

Abstract: In this chapter the authors pose the fundamental question of whether bookmaker probabilities offer superior predictions of match outcomes to bettors themselves. Their test case is Spanish football and the comparison gamblers are football pools bettors who play a game where they forecast match outcomes. The authors find, first, that there is a favourite-longshot bias in Spanish fixed-odds football results betting and second, bookmakers’ predictions outperform those of football pools bettors.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781785364549.00011.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
Working Paper: Forecasting football match results: Are the many smarter than the few? (2016)
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:elg:eechap:16946_5

Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).