Article ID Journal Published Year Pages File Type
997716 International Journal of Forecasting 2010 7 Pages PDF
Abstract

In this paper we examine the effectiveness of using bookmaker odds as forecasts by analyzing 10,699 matches from six major European soccer leagues and the corresponding odds from 10 different online bookmakers. We show that the odds from some bookmakers are better forecasts than those of others, and provide empirical evidence that (a) the effectiveness of using bookmaker odds as forecasts has increased over time, and (b) bookmakers offer more effective forecasts for some soccer leagues for than others.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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