The efficiency of 'in-play' Australian rules football betting markets

R Ryall; Anthony Bedford

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The efficiency of 'in-play' Australian rules football betting markets

Journal article

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The efficiency of 'in-play' Australian rules football betting markets

R Ryall and Anthony Bedford

International Journal of Sport Finance, Vol.5(3), pp.193-207

2010

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Abstract

market efficiency

in-play

sport economics

betting markets

Australian Rules football

This paper examines the efficiency of the "in-play" Australian Rules football fixed odds betting market at quarter time, half time, and three quarter time. Tests of semistrong efficiency are performed on the 2009 AFL season using logistic regression analysis. The results demonstrate that as the match progresses, there is a significant bias against the team that is currently leading-a bias that increases when the team that is leading is also the away-favorite. This bias is shown to yield significant profits utilizing simple betting strategies. © 2010 West Virginia University.

Details

Title: The efficiency of 'in-play' Australian rules football betting markets
Authors: R Ryall (Author) - RMIT University
Anthony Bedford (Author) - RMIT University
Publication details: International Journal of Sport Finance, Vol.5(3), pp.193-207
Publisher: FiT Publishing
Date published: 2010
ISSN: 1558-6235
Organisation Unit: University of the Sunshine Coast, Queensland; School of Science, Technology and Engineering; School of Health and Behavioural Sciences - Legacy
Language: English
Record Identifier: 99450748402621
Output Type: Journal article

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