Biases in the Football Betting Market

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DAUNHAWER, Imant, David SCHOCH, Sven KOSUB, 2017. Biases in the Football Betting Market. Available under: doi: 10.2139/ssrn.2977118

@techreport{Daunhawer2017Biase-44938, title={Biases in the Football Betting Market}, year={2017}, doi={10.2139/ssrn.2977118}, author={Daunhawer, Imant and Schoch, David and Kosub, Sven} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dcterms:available rdf:datatype="">2019-02-08T13:22:17Z</dcterms:available> <dspace:isPartOfCollection rdf:resource=""/> <dc:creator>Kosub, Sven</dc:creator> <dc:creator>Daunhawer, Imant</dc:creator> <dcterms:isPartOf rdf:resource=""/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dc:contributor>Kosub, Sven</dc:contributor> <dc:contributor>Daunhawer, Imant</dc:contributor> <dc:language>eng</dc:language> <dcterms:title>Biases in the Football Betting Market</dcterms:title> <dc:creator>Schoch, David</dc:creator> <dc:contributor>Schoch, David</dc:contributor> <dcterms:abstract xml:lang="eng">This research uses football online betting odds of a broad variety of matches and bookmakers to identify known biases in odds pricing, namely the favorite-longshot bias and the away-favorite bias. Furthermore, it tries to answer the question whether a naive strategy of betting against these biases can be profitable. Our findings are consistent with previous research, confirming the existence of the favorite-longshot bias, but turn out to be in contrast with regard to the away-favorite bias, for which there is little evidence in the data. Also, we find that a strategy of betting against the favorite-longshot bias can be marginally profitable, whereas bets in favor of it result in large losses on average.</dcterms:abstract> <bibo:uri rdf:resource=""/> <dcterms:issued>2017</dcterms:issued> <dc:date rdf:datatype="">2019-02-08T13:22:17Z</dc:date> </rdf:Description> </rdf:RDF>

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