Investigating the “hot hand†hypothesis: an application to European football

Robert Simmons and Rhys Wheeler

Chapter 9 in The Economics of Sports Betting, 2017, pp 139-161 from Edward Elgar Publishing

Abstract: In this chapter the authors test the ‘hot hand’ hypothesis in European football and analyze returns to simple betting rules relating to team momentum effects. They detect some evidence that the market believes in the notion of winning streaks but such beliefs are fully incorporated into bookmaker fixed-odds. In European football, it appears there is no scope for gamblers to exploit team winning streaks so as to generate profits for themselves.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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