Information and Efficiency
Goal Arrival in Soccer Betting
Bibliographic Data
| ID | 9708083 |
|---|---|
| Authors | Karen Croxson (University of Oxford and the Oxford–Man Institute of Quantitative Finance), J James Reade (0000-0002-8610-530X, University of Birmingham) |
| Year | 2014 |
| Volume | 124 |
| Issue | 575 |
| Pages | 62-91 |
| Publication date | 2014-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12033 |
| OpenAlex | W2060281229 |
| Language | EN |
| Citations received | 7 |
| References cited | 43 |
An efficient market incorporates news into prices immediately and fully. Tests for efficiency in financial markets have been undermined by information leakage. We test for efficiency in sports betting markets – real-world markets where news breaks remarkably cleanly. Applying a novel identification to high-frequency data, we investigate the reaction of prices to goals scored on the ‘cusp’ of half-time. This strategy allows us to separate the market's response to major news (a goal), from its reaction to the continual flow of minor game-time news. On our evidence, prices update swiftly and fully
Library science · Operations research · Political science · Computer Science · Decision-Making and Behavioral Economics · Engineering · Financial Markets and Investment Strategies · History · Sports Analytics and Performance
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| Unique citing works | 7 |
|---|---|
| Citations per year | 0,54 |
| Citation span | 2013 - 2025 (13) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |