Franck, Egon; Verbeek, Erwin; Nüesch, Stephan - In: International Journal of Forecasting 26 (2010) 3, pp. 448-459
There is a well-established body of literature on separately testing the prediction power of different betting market settings. This paper provides an inter-market comparison of the forecasting accuracy of bookmakers and a major betting exchange. Employing a dataset covering all football matches...