Systematic positive expected returns in the UK fixed odds betting market: An analysis of the Fink Tank predictions

Artikel

We report striking evidence of semi-strong inefficiency in the UK fixed-odds football betting market using a reputable newspaper tipster which offers probabilities of match outcomes rather than simple result indicators. Betting on the Fink Tank probabilities of home wins across 10 bookmakers, when there are positive expected returns, would have generated positive returns in each of the seasons from 2006-07 to 2011-12 for a variety of different betting strategies. These returns could have been enhanced by employing the best odds from a greater number of bookmakers. However, the fact that pure arbitrage bets have existed for years and appear to last for several hours or days suggest they are in practice not exploitable to a magnitude that poses any threat to bookmakers.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 1 ; Year: 2013 ; Issue: 4 ; Pages: 168-182 ; Basel: MDPI

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Sports; Gambling; Restaurants; Recreation; Tourism
• Thema: inefficiency ; football betting ; fixed odds ; Fink Tank

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Buraimo, Babatunde ; Peel, David ; Simmons, Rob
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2013

Weitere Informationen

• DOI: doi:10.3390/ijfs1040168
• Handle: http://hdl.handle.net/10419/103581
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ