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Buy custom Adjusting For Risk In The Test Of Gambling Market Efficiency

Essay's paper info
Topic: Social Issues
Number of pages / Number of words: 15 / 4133
Essay's paper body

Examining well known "market inefficienciesa?? from US football and horseracing

indicate that they would be better termed biases rather than inefficiencies.

The next section presents a brief review of gambling market basics. The third

section reviews the literature and develops the new method of testing...


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The subsequent

section presents some ad hoc levels of efficiency demonstrating the importance of the

method followed by an examination of the well-known home-underdog NFL bias. A

short conclusion follows.

III. Sports gambling markets

Most people assume that the long run outcome of point spread or horserace

betting is no different from that of other casino games...


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