Handbook of Sports and Lottery Markets (Google eBook)

Front Cover
Donald B. Hausch, W.T. Ziemba
Elsevier, Aug 11, 2011 - Business & Economics - 560 pages
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Its basic empirical research and investigation of pure theories of investment in the sports and lottery markets make this volume a winner. These markets are simpler to study than traditional financial markets, and their expected values and outcomes are uncomplicated. By means of new overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies, contributors consider a variety of sports in countries around the world. The result is not only superior information about market forecasting, but macro- and micro-analyses that are relevant to other markets.

* Easily studied sports markets reveal features relevant for more complex traditional financial markets
* Significant coverage of sports from racing to jai alai
* New studies of betting exchanges and Internet wagering markets
  

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Contents

Utility Probability and Pace Estimation
25
FavoriteLongshot Bias in the Win Market
81
Weak Market Efficiency
181
SemiStrong Form Efficiency
273
Prediction Markets
355
Soccer
419
Lotteries
457
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