To bet or not to bet: a reality check for tennis betting market efficiency
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00102116" target="_blank" >RIV/00216224:14560/18:00102116 - isvavai.cz</a>
Result on the web
<a href="http://www.tandfonline.com/doi/abs/10.1080/00036846.2017.1394973" target="_blank" >http://www.tandfonline.com/doi/abs/10.1080/00036846.2017.1394973</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/00036846.2017.1394973" target="_blank" >10.1080/00036846.2017.1394973</a>
Alternative languages
Result language
angličtina
Original language name
To bet or not to bet: a reality check for tennis betting market efficiency
Original language description
We present evidence that the tennis betting market appears to be much more efficient than suggested by previous studies. More specifically, we study the market efficiency by studying the forecasting performance of a diversified set of 40 betting rules in two ways: by searching for the existence of a return differential between betting rules and by analysing the profitability of betting rules. Even though individual tests provide evidence that, within our universe of betting rules, positive returns can be achieved, when data-snooping bias is taken into account, the evidence diminishes. Subsequently, we also find very little evidence of return differentials between betting rules. These results cast doubts on previous research as they suggest that when the potential detrimental effects of data-dreading are taken into account, betting markets in general might not, ultimately, be so inefficient.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Applied Economics
ISSN
0003-6846
e-ISSN
1466-4283
Volume of the periodical
50
Issue of the periodical within the volume
20
Country of publishing house
GB - UNITED KINGDOM
Number of pages
23
Pages from-to
2251-2272
UT code for WoS article
000423810000005
EID of the result in the Scopus database
2-s2.0-85032391091