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Jaume García and Plácido Rodríguez

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Jaume García, Levi Pérez and Plácido Rodríguez

In this chapter the authors pose the fundamental question of whether bookmaker probabilities offer superior predictions of match outcomes to bettors themselves. Their test case is Spanish football and the comparison gamblers are football pools bettors who play a game where they forecast match outcomes. The authors find, first, that there is a favourite-longshot bias in Spanish fixed-odds football results betting and second, bookmakers’ predictions outperform those of football pools bettors.

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Plácido Rodríguez, Stefan Késenne and Ruud Koning

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Edited by Plácido Rodríguez, Stefan Késenne and Ruud Koning

The essence of any sports contest is competition. The very unpredictability of a sporting outcome distinguishes it from, say, an opera performance. This volume presents a state of the art overview of the economics of competitive sport along two main themes. In the first part, the discussion centers on the organization of sports and competition. The second part deals with the competitive balance, rewards and outcomes of the actual contests.
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Edited by Plácido Rodríguez, Stefan Késenne and Jaume García

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Edited by Plácido Rodríguez, Stefan Késenne and Jaume García

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Edited by Plácido Rodríguez, Stefan Késenne and Jaume García