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The Economics of Sports Betting

Category: ebooks | Author: ken_uit_9x | Date: 13-01-2018, 10:14

The Economics of Sports Betting

The Economics of Sports Betting
Edward Elgar | English | 2017 | ISBN-10: 1785364545 | 200 pages | PDF | 3.07 mb
by PlaŽcido RodriŽguez (Editor),‎ Brad R. Humphreys (Editor),‎ Robert Simmons (Editor)

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.

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