The Economics of Sports Betting

The Economics of Sports Betting

New Horizons in the Economics of Sport series

Edited by Plácido Rodríguez, Brad R. Humphreys and Robert Simmons

This unique book examines how sports betting markets function. Charting recent international developments, expert contributors consider how both bookmakers and stakeholders view these changes, their prime areas of concern and the potential methods for addressing them.

Providing a rigorous economic analysis throughout, this book examines the informational efficiency of betting markets and the prevalence of corruption and illegal betting in sports. Against this background, chapters explore pertinent questions such as: 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? Chapters also review important policy concerns such as the health implications posed by the potential link between the accelerating popularity of sports betting and the decline in sports participation.

Academics and students studying economics, sports economics and, more specifically, sports betting will find this book an engaging companion. Contemporary and up to date, it will also appeal to stakeholders looking to widen their professional insight.‘VIP35’

The link to the print copy of your book on our website is:

http://www.e-elgar.com/shop/isbn/9781785364549

The electronic version can be found here, please do promote the fact that chapter one is free to access:

https://www.elgaronline.com/view/9781785364549.xml

 


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