We propose a new methodology based on symbolic series to test the weak form of efficiency for soccer bettingmarkets. This purpose was accomplished by introducing a definition of returns for betting markets and then creatingbinary series using the notion of excess returns. We present an application of the method using Serie A and PremierLeague data.
On the efficiency of online soccer betting markets: a new methodology based on symbolic series
Salvatore Caruso
;Giuseppe Pernagallo
2021-01-01
Abstract
We propose a new methodology based on symbolic series to test the weak form of efficiency for soccer bettingmarkets. This purpose was accomplished by introducing a definition of returns for betting markets and then creatingbinary series using the notion of excess returns. We present an application of the method using Serie A and PremierLeague data.
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