Asset Pricing and Sports Betting

Sports betting markets offer a novel laboratory to test theories of cross-sectional asset pricing anomalies. Two features of this market—no systematic risk and terminal values exogenous to betting activity—evade the joint hypothesis problem, allowing mispricing to be detected. Examining a large and...

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Bibliographic Details
Published in:The Journal of finance (New York) 2021-12, Vol.76 (6), p.3153-3209
Main Author: MOSKOWITZ, TOBIAS J.
Format: Article
Language:English
Subjects:
Arbitrage
Asset pricing
Delayed
Gambling
Markets
Sports
Transactions
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