The efficiency of the football betting market in Poland.
The efficiency of the football betting market in Poland.

Summary/Abstract: Great Britain is homeland of the present sports betting. John Moores founded the first betting office in Liverpool in 1922. Gambling games are gaining a new size thanks to the internet. The article concerns the efficiency of the bookmakers’ market or its ability to obtain the excess benefits from investments on this market. The author was focused on football as a discipline that arouses strongest emotions among gamblers in Poland. The main goal of this article is to indicate that football betting market is inefficient thus creating opportunities to participate in profitable games using simple strategies. The bookmakers’ expectations of sport results of Polish Ekstraklasa matches from the last six years (from season 2008/2009 to 2013/2014) will be analyzed in this research. Data were collected from website http://www.betexplorer.com/. Statistical tests will be used in the present study.

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