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  Market Efficiency in Person-to-Person Betting on Golf Tournamnets
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Ophav

 Ophav:
Schock, Sebastian1, Forfatter
Jørgensen, Rasmus 2, Vejleder
Tilknytninger:
1Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7001              
2Økonomisk Institut, Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7014              
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Indhold

Ukontrollerede emneord: -
 Abstract: In this thesis, I examine market efficiency for golf betting markets on Betfair.com, the leading provider of person-to-person betting exchanges.
I create and analyze a novel dataset containing winning market prices for all golf tournaments in the PGA Tour and the European Tour in 2011 and 2012 as well as historical golf results from the PGA Tour, European Tour, Champions Tour and Nationwide Tour from the beginning of 2002 to the end of 2012. A set of betting strategies are created with the aim of exploiting weak-form inefficiencies and semi strong form inefficiencies.
I find no evidence of weak-form inefficiency. However, the most profitable proposed betting strategy, which is based on historical golf results, enables a bettor to more than double his starting wealth over the two-year period from 2011 to 2012. My findings thus indicate semi strong form inefficiency in Betfair's golf markets.
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Filer

Navn:
sebastian.pdf (Hovedtekst)
Bemærkninger:
-
Tilgængelighed:
Offentlig
Mime-type / størrelse:
application/pdf / 2MB
Copyright dato:
2014-08-11
Copyright information:
De fulde rettigheder til dette materiale tilhører forfatteren.
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Basal

Bogmærk denne post: https://diskurs.kb.dk/item/diskurs:59972:1
 Type: Speciale
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Detaljer

Sprog: English - eng
 Datoer: 2014-04-07
 Sider: -
 Publiceringsinfo: København : Københavns Universitet
 Indholdsfortegnelse: -
 Note: -
 Type: Speciale
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