Parimutuel betting markets: racetracks and lotteries revisited
Ziemba, W.
(2020).
Parimutuel betting markets: racetracks and lotteries revisited.
(Systemic Risk Centre Discussion Papers 103).
Systemic Risk Centre, The London School of Economics and Political Science.
This paper surveys the state of the art in research in racetrack and lottery markets. Market efficiency and the pricing of various wagers is studied along with new developments since the Thaler and Ziemba JEP review. Other sports betting markets are also discussed. The role of syndicates, betting exchange rebates, behavioral biases and fundamental information is discussed.
| Item Type | Working paper |
|---|---|
| Copyright holders | © 2020 The Author(s) |
| Departments | LSE > Research Centres > Financial Markets Group > Systemic Risk Centre |
| Date Deposited | 05 Jun 2023 |
| URI | https://researchonline.lse.ac.uk/id/eprint/118873 |