Bookmakers’ Efficiency in English Football Leagues

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Bookmakers’ Efficiency in English Football Leagues

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Bookmakers’ Efficiency in English Football Leagues

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

10103 - Statistics and probability

Projekt

<a href="/cs/project/LO1506" target="_blank" >LO1506: Podpora udržitelnosti centra NTIS - Nové technologie pro informační společnost</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

330-335

Název nakladatele

MatfyzPress

Místo vydání

Praha

Místo konání akce

Jindřichův Hradec

Datum konání akce

12. 9. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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