Readership
Primary: university, research, and major public libraries with finance and economics holdings.
Secondary: academics in finance and economics
Recent Publication
Recent Publication
Handbook of Sports and Lottery Markets, 1st Edition
I. INDUSTRY STUDIES
1. Pari-mutuel Horse Race Wagering – Competition from Within and Outside the Industry
Mukhtar Ali, University of Kentucky and Richard Thalheimer, University of Louisville
II. UTILITY AND PROBABILITY ESTIMATION
2. Utility and preference estimation
Bruno Jullien, Universite de Toulouse and Bernard Salanie, Centre de Recherche en Economie et Statistique
3. Comparing Efficiency of the Over/Under Bets on NFL and NBA Games
Joseph Golec and Murray Tamarkin, Clark University
4. Approximating the ordering probabilities of multi-entry competitions by a simple method
Victor Lo, Fidelity Investments, Boston and John Bacon-Shone, Social Sciences Research Centre. University of Hong Kong
III. FAVORITE-LONGSHOT BIAS IN THE WIN MARKET
5. The Favorite Longshot Bias: An Overview of the Main Explanations
Marco Ottaviani, London Business School and Peter Norman Sorensen, University of Copenhagen
6. Examining explanations of a market anomaly: preferences or perceptions?
Erik Snowberg, Stanford University and Justin Wolfers, University of Pennsylvania
7. Unifying the Favorite-Longshot Bias with Other Market Anomalies
Russell S. Sobel and Matt E. Ryan, Department of Economics, West Virginia University
8. The Favorite-Longshot Bias in S&P 500 and FTSE 100 Index Futures Options: The Return to Bets and the Cost of Insurance
Robert G. Tompkins, Hochschule fur Bankwirtschaft, Germany, William T. Ziemba, UBC, and Stewart D. Hodges, Univesity of Warwick
IV. WEAK MARKET EFFICIENCY
9. Efficiency of racetrack betting markets
Donald B. Hausch, University of Wisconsin and William T. Ziemba, UBC
10. Modeling Distance Preference and Pace Character in Thoroughbred Turf Racing
David Edelman, University College, Dublin
11. Pointspread and Odds Betting in Baseball, Basketball and American Football
Hal S. Stern, University of California, Irvine
12. Arbitrage and risk arbitrage in Team Jai Alai
Daniel Lane, University of Ottawa and William T. Ziemba, UBC
V. SEMI-STRONG FORM EFFICIENCY
13. Semi-strong form efficiency in the horserace betting market
Johnnie Johnson and Ming-Chien Sung, University of Southhampton
14. The dosage breeding theory for horseracing predictions
Marshall Gramm, Rhodes College and William T. Ziemba, UBC
15. Efficiency in Horse Race Betting Markets: The Role of Professional Tipsters
Olivier Gergaud, University of Reims and Bruno Deschamps, University of Bath
16. Hong Kong markets TBA
John Bacon-Shone et al, Hong Kong University
VI. PREDICTION MARKETS
17. Index betting for sports and stock indices
John Haigh, University of Sussex and
Leighton Vaughan Williams, The Nottingham Trent University
18. Prediction Markets: From Politics to Business (and Back)
Erik Snowberg, Stanford University, Justin Wolfers, University of Pennsylvania and E. Zitzewitz, Dartmouth College
19. Betting exchanges: a technological revolution in sports betting
Michael A. Smith, Canterbury Christ Church University
Leighton Vaughan Williams, Nottingham Business School, Nottingham Trent University
VII. SOCCER
20. British soccer betting in Britain
David Forrest, University of Salford
21. Efficiency of soccer betting odds - evidence from a
pan-European electronic market
Stephen Kossmeier and Simon Weinberger, Institute for Advanced Studies, Vienna, Austria
VIII. LOTTERIES
22. Economics of lottery markets
Ian Walker, University of Warwick
23. The statistics of lotteries
John Haigh, University of Sussex
24. US lotto markets
Victor Matheson, Holy Cross College and K. Grote, Lake Forest College
Quotes and reviews
"This timely and valuable volume showcases the frontier research in prediction markets by the very best researchers in the field. Issues of information aggregation and how the institutional backdrop influence such aggregation are age-old questions in Economics and Finance. The papers in this volume survey the current frontier, show how betting markets allow questions to be posed more sharply, and so yield more robust conclusions than is possible in more complex financial markets. The insights gained have many potentially fruitful applications in the design of institutions that promote information efficiency and for public policy more generally."--Hyun Song Shin, Princeton University
"Hausch and Ziemba have produced a superb volume replete with papers from leading scholars in the economics of sports wagering and lotteries."
--Raymond Sauer, Clemson University
“The editors of this book have assembled a set of world-renowned scholars to produce an accessible and authoritative review of the behavior of sports betting and lottery markets. The volume is essential reading for students and practitioners involved in betting markets.”
--Rob Simmons, Lancaster University
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Handbook of Sports and Lottery Markets
