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THE RAMIFICATIONS OF ANTICIPATED INEFFICIENCY IN THE MARKET OF INTERNET SPORTS BOOKS
Diemer, George Charles
Diemer, George Charles
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2008
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Economics
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umi-temple-1017.pdf
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http://dx.doi.org/10.34944/dspace/3635
Abstract
This research examines the economics of internet sports book industry. Evidence of point shaving in the NFL gambling market is detailed. I also examine the Efficient Markets Hypothesis in the gambling market. In addition, I explore price competition by internet sports books whose objectives are driven by inefficient markets. I use cluster analysis to document internet sports book price competition and introduce a market structure with internet sports books that have multiple objectives. I use a correlation test to support this assertion.
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