A BETTING MARKET: Description and a theoretical explanation of bets in Pelota Matches

Loreto Llorente () and Josemari Aizpurua ()
Additional contact information
Loreto Llorente: Departamento de Economía-UPNA, https://www.unavarra.es/departamento-economia
Josemari Aizpurua: Departamento de Economía-UPNA, https://www.unavarra.es/departamento-economia

Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

Abstract: In Pelota matches, bets are made between viewers through a middleman who receives 16% of the finally paid amount. In this paper a description of the way bets are made and an explanation of the existence of those markets is presented. Taking betting markets as a simplified analogy for financial markets we have searched for the explanation in a world where both sides of the market are not different in believes and preferences. Taking observations from actually made bets a preliminary analysis about the biases of those markets is presented.

Pages: pages
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in

Downloads: (external link)
http://www2.unavarra.es/gesadj/depEconomia/repec/DocumentosTrab/DT0603.PDF (application/pdf)

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:nav:ecupna:0603

Ordering information: This working paper can be ordered from
Papers are not sent in a centralized mode. You can download them with ftp, or contact the authors.

Access Statistics for this paper

More papers in Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra Campus de Arrosadía - 31006 Pamplona (Spain).
Bibliographic data for series maintained by Javier Puértolas ().