Profiting from Arbitrage and Odds Biases of the European Football Gambling Market

  title={Profiting from Arbitrage and Odds Biases of the European Football Gambling Market},
A gambling market is usually described as being inefficient if there are one or more betting strategies that generate profit, at a consistent rate, as a consequence of exploiting market flaws. This paper examines the online European football gambling market based on 14 European football leagues over a period of seven years, from season 2005/06 to 2011/12 inclusive, and takes into consideration the odds provided by numerous bookmaking firms. Contrary to common misconceptions, we demonstrate that… CONTINUE READING


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