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- Article] INDEX BETTING ON SPORTS
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DocNo of ILP: 8163
Doc. Type: Article
Title: INDEX BETTING ON SPORTS
Authors: JACKSON, DA
Full Name of Authors: JACKSON, DA
Keywords by Author: GAMING; INDEX BETTING; MODELING; ODDS COMPILER; SPORTS
Keywords Plus:
Abstract: The rapid growth of sports betting in Europe beginning in the mid-1980s has continued into the 1990s. The gaming industry has been slow to take full advantage of this opportunity owing to a lack of implementation of management science and operations research techniques by managers. Additionally, recruitment of odds compilers with professional qualifications by the major bookmakers in the UK is practically unknown. Index betting on sports is an important new ama of sports betting. Examples from American football, soccer and tennis are quoted and the main differences between a sports index and a stock-market index are discussed. All the companies competing for a share of the index betting market in the UK have experienced difficulties due to their lack of management science and operations research expertise. Some of the basic modelling techniques that the managers of these companies should have at their disposal are illustrated by using estimates from Wimbledon to calculate an index for the total games in a tennis match.
Cate of OECD: Mathematics
Year of Publication: 1994
Business Area: lottery
Detail Business: sport betting
Country: England
Study Area: market, market, modeling, modeling
Name of Journal: STATISTICIAN
Language: English
Country of Authors: UNIV DUBLIN TRINITY COLL,SCH SYST & DATA STUDIES,DEPT STAT,DUBLIN 2,IRELAND
Press Adress:
Email Address:
Citaion:
Funding:
Lists of Citation: Elo A. E., 1978, RATING CHESSPLAYERS; GEORGE SL, 1973, APPL STAT, V22, P97, DOI 10.2307/2346309; JACKSON DA, 1993, APPL STAT-J ROY ST C, V42, P211, DOI 10.2307/2347421; MORRISON DG, 1986, INTERFACES, V16, P28, DOI 10.1287/inte.16.6.28; RIDDLE LH, 1988, APPL STAT-J ROY ST C, V37, P63, DOI 10.2307/2347494
Number of Citaion: 5
Publication: BLACKWELL PUBL LTD
City of Publication: OXFORD
Address of Publication: 108 COWLEY RD, OXFORD, OXON, ENGLAND OX4 1JF
ISSN: 0039-0526
29-Character Source Abbreviation: STATISTICIAN
ISO Source Abbreviation: Statistician
Volume: 43
Version: 2
Start of File: 309
End of File: 315
DOI: 10.2307/2348346
Number of Pages: 7
Web of Science Category: Statistics & Probability
Subject Category: Mathematics
Document Delivery Number: NN465
Unique Article Identifier: WOS:A1994NN46500008
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