Determinants of betting market efficiency

Applied Economics Letters

Volumn 12, Issue 3, 2005, Pages 181-185

  Gramm, Marshall ^a   Owens, Douglas H ^b  

^a RHODES COLLEGE   (United States)

^b Welch Consulting   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

GAMBLING; MARKET CONDITIONS;

EQUIDAE;

EID: 14844360471     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/1350485042000314352     Document Type: Article

References (12)

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3. Busche, K. and Hall, C. D. (1988) An exception to the risk preference anomaly, Journal of Business, 61, 337-46.
4. Busche, K. and Walls, W. D. (2000) Decision cost and betting market efficiency, Rationality and Society, 12, 477-92.
5. Busche, K. and Walls, W. D. (2001) Breakage and betting market efficiency: evidence from the horse track, Applied Economics Letters 8, 601-4.
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7. Sobel, R. S. and Raines, S. T. (2003) An examination of the empirical derivatives of the favourite-longshot bias in racetrack betting, Applied Economics, 35, 371-85.
8. Swindler, S. and Shaw, R. (1995) Racetrack wagering and the uninformed bettor: a study of market efficiency, Quarterly Review of Economics and Finance, 35, 305-14.
9. Thaler, R. H. and Ziemba, W. T. (1998) Anomalies: parimutuel betting markets: racetracks and lotteries, The Journal of Economic Perspectives, 2, 161-74.
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11. Vaughan Williams, L. (1999) Information efficiency in betting markets: a survey, Bulletin of Economic Research, 51, 307-37.
12. Walls, W. D. and Busche, K. (2003) Breakage, turnover, and betting market efficiency: new evidence from Japanese horse tracks, in The Economics of Gambling (Ed.) L. Vaughan Williams, Routledge, New York, pp. 43-66.