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dc.creatorAbinzano Guillén, María Isabeles_ES
dc.creatorMuga Caperos, Luis Fernandoes_ES
dc.creatorSantamaría Aquilué, Rafaeles_ES
dc.date.accessioned2017-10-04T09:44:10Z
dc.date.available2017-10-04T09:44:10Z
dc.date.issued2017
dc.identifier.issn1527-0025 (Print)
dc.identifier.issn1552-7794 (Electronic)
dc.identifier.urihttps://hdl.handle.net/2454/25857
dc.description.abstractThis paper examines the impact of trading activity on the Favourite-Longshot Bias (FLB) in tennis Betting Exchanges, using direct measures such as betting volume, average bet and standard deviation of the odds. According to predictions based on Disagreement Models, odds mispricing is positively associated with trading volume but negatively associated with the presence of institutional bettors. The FLB is also positively related to the degree of uncertainty in the market. The existence of two simultaneous markets (a “main” and an “alternative” market) in this specific sports-betting environment has enabled us to observe that the relative amount of attention given to the favourite versus that given to the long shot is positively associated with the FLB. Finally, information is more rapidly incorporated into the odds in the market that receives more attention from bettors, an effect that is intensified by the arbitrage and hedging that occurs between the two markets.en
dc.description.sponsorshipFinancial support from the Spanish Ministry of Economy and Competitiveness, Project ECO2016-77631-R and Fundación Caja Navarra FUNCAN-07445 are gratefully acknowledged.en
dc.format.mimetypeapplication/pdfen
dc.language.isoengen
dc.publisherSAGE Publicationsen
dc.relation.ispartofJournal of Sports Economics. First published date: September-22-2017.en
dc.rights© Los autoreses_ES
dc.subjectBetting exchangesen
dc.subjectTrading activityen
dc.subjectFavourite-longshot biasen
dc.subjectBehavioral financeen
dc.titleHidden power of trading activity: the FLB in tennis betting exchangesen
dc.typeArtículo / Artikuluaes
dc.typeinfo:eu-repo/semantics/articleen
dc.contributor.departmentInstitute for Advanced Research in Business and Economics - INARBEes_ES
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.identifier.doi10.1177/1527002517731875
dc.relation.projectIDinfo:eu-repo/grantAgreement/ES/1PE/ECO2016-77631en
dc.relation.publisherversionhttps://doi.org/10.1177/1527002517731875
dc.type.versionVersión aceptada / Onetsi den bertsioaes
dc.type.versioninfo:eu-repo/semantics/acceptedVersionen


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