Bookmakers’ Efficiency in English Football Leagues
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23520%2F18%3A43952653" target="_blank" >RIV/49777513:23520/18:43952653 - isvavai.cz</a>
Result on the web
<a href="https://mme2018.fm.vse.cz/wp-content/uploads/2018/09/MME2018-Electronic_proceedings.pdf" target="_blank" >https://mme2018.fm.vse.cz/wp-content/uploads/2018/09/MME2018-Electronic_proceedings.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Bookmakers’ Efficiency in English Football Leagues
Original language description
In 2015, the online gambling market had a volume of almost 38 billion U.S. dollars, and the largest portion – 48 percent – was held by sports betting. It is expected that online gambling market will be worth of 60 billion U.S. dollars by the year 2020. Large number of sports bets are placed on football, especially English football leagues. The high competition in this area forces bookmakers to lower their margins, and this leads to a requirement of better – more precise – models of probabilities of possible match results. This paper analyses margins of selected bookmakers over the last years and compare efficiency of their models based on implied probabilities. Results and odds of five top level English leagues since 2005/2006 season are chosen for the analysis and demonstration of basic characteristics development.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
10103 - Statistics and probability
Result continuities
Project
<a href="/en/project/LO1506" target="_blank" >LO1506: Sustainability support of the centre NTIS - New Technologies for the Information Society</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
36th International Conference Mathematical Methods in Economics - Conference Proceedings
ISBN
978-80-7378-372-3
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
330-335
Publisher name
MatfyzPress
Place of publication
Praha
Event location
Jindřichův Hradec
Event date
Sep 12, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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