The Economics of Sports Betting
- ISBN-10
- 1785364553
- ISBN-13
- 9781785364556
- Language
- English
- Publisher
- Edward Elgar Publishing
- Authors
- Robert Simmons, Plácido Rodríguez, Brad R. Humphreys
Description
This unique book delves into a number of intriguing issues and addresses several pertinent questions including, should gambling markets be privatized? Is the ‘hot hand’ hypothesis real or a myth? Are the ‘many’ smarter than the ‘few’ in estimating betting odds? How are prices set in fixed odds betting markets? The book also explores the informational efficiency of betting markets and the prevalence of corruption and illegal betting in sports.
