{"id":479,"date":"2019-09-24T13:38:10","date_gmt":"2019-09-24T12:38:10","guid":{"rendered":"https:\/\/research.reading.ac.uk\/football-research\/?p=479"},"modified":"2019-09-24T13:38:10","modified_gmt":"2019-09-24T12:38:10","slug":"new-journal-article-information-prices-and-efficiency-in-an-online-betting-market","status":"publish","type":"post","link":"https:\/\/research.reading.ac.uk\/football-research\/new-journal-article-information-prices-and-efficiency-in-an-online-betting-market\/","title":{"rendered":"New Journal Article: &#8220;Information, prices and efficiency in an online betting market&#8221;"},"content":{"rendered":"<p>Members of the Football Research Group, <a href=\"https:\/\/www.reading.ac.uk\/economics\/about\/staff\/j-j-reade.aspx\">James Reade<\/a> and <a href=\"https:\/\/www.reading.ac.uk\/economics\/about\/staff\/c-a-singleton.aspx\">Carl Singleton<\/a>, will have their latest research on the efficiency of online football betting markets published in <a href=\"https:\/\/www.journals.elsevier.com\/finance-research-letters\"><em>Finance Research Letters<\/em><\/a>.<\/p>\n<p>The main findings of the research are:<\/p>\n<ul>\n<li id=\"p0001\">Online bookmaker odds are generally unbiased for English football match results<\/li>\n<li id=\"p0002\">This online betting and prediction market is efficient<\/li>\n<li>Bookmakers do not fully use the information contained in their competitors\u2019 odds<\/li>\n<\/ul>\n<p>The research studies the odds (or prices) set by fifty-one online bookmakers, for the result outcomes in over 16,000 association football matches in England since 2010. Adapting a methodology typically used to evaluate forecast efficiency, the Efficient Market Hypothesis is tested. Odds are generally not biased when compared against actual match outcomes, both in terms of favourite-longshot or outcome types. But individual bookmakers are not efficient. Their own odds do not appear to use fully the information contained in their competitors\u2019 odds.<\/p>\n<p>Read more about it <a href=\"https:\/\/doi.org\/10.1016\/j.frl.2019.09.006\">here<\/a> (or <a href=\"https:\/\/www.researchgate.net\/publication\/335718776_Information_prices_and_efficiency_in_an_online_betting_market\">here<\/a>).<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Members of the Football Research Group, James Reade and Carl Singleton, will have their latest research on the efficiency of online football betting markets published in Finance Research Letters. The&#8230;<a class=\"read-more\" href=\"&#104;&#116;&#116;&#112;&#115;&#58;&#47;&#47;&#114;&#101;&#115;&#101;&#97;&#114;&#99;&#104;&#46;&#114;&#101;&#97;&#100;&#105;&#110;&#103;&#46;&#97;&#99;&#46;&#117;&#107;&#47;&#102;&#111;&#111;&#116;&#98;&#97;&#108;&#108;&#45;&#114;&#101;&#115;&#101;&#97;&#114;&#99;&#104;&#47;&#110;&#101;&#119;&#45;&#106;&#111;&#117;&#114;&#110;&#97;&#108;&#45;&#97;&#114;&#116;&#105;&#99;&#108;&#101;&#45;&#105;&#110;&#102;&#111;&#114;&#109;&#97;&#116;&#105;&#111;&#110;&#45;&#112;&#114;&#105;&#99;&#101;&#115;&#45;&#97;&#110;&#100;&#45;&#101;&#102;&#102;&#105;&#99;&#105;&#101;&#110;&#99;&#121;&#45;&#105;&#110;&#45;&#97;&#110;&#45;&#111;&#110;&#108;&#105;&#110;&#101;&#45;&#98;&#101;&#116;&#116;&#105;&#110;&#103;&#45;&#109;&#97;&#114;&#107;&#101;&#116;&#47;\">Read More ><\/a><\/p>\n","protected":false},"author":206,"featured_media":480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"__cvm_playback_settings":[],"__cvm_video_id":"","footnotes":""},"categories":[7],"tags":[],"coauthors":[13],"class_list":["post-479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-football"],"acf":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Journal Article: &quot;Information, prices and efficiency in an online betting market&quot; - Football Research<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/research.reading.ac.uk\/football-research\/new-journal-article-information-prices-and-efficiency-in-an-online-betting-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Journal Article: &quot;Information, prices and efficiency in an online betting market&quot; - Football Research\" \/>\n<meta property=\"og:description\" content=\"Members of the Football Research Group, James Reade and Carl Singleton, will have their latest research on the efficiency of online football betting markets published in Finance Research Letters. 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