有效点差博彩市场：文献综述

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-02-18 DOI:10.1177/15270025211071042

Jonas Vandenbruaene, M. D. Ceuster, J. Annaert

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引用次数: 2

摘要

简单的交易策略有利可图吗？这是一个学术界和从业者几十年来一直在思考的问题。在本文中，我们回顾了长期以来关于点差博彩（也称为障碍博彩）交易策略的文献，这是一种流行的体育博彩微观结构。我们回顾了600多个战略实施，发现市场效率和系统性误解本身并不是相互排斥的。会出现可预测的故障，但它们太小，无法盈利，这与有效市场一致。此外，尽管控制数据挖掘问题正在成为金融界的主流，但它尚未进入这一文献。我们提供的证据表明，|z的障碍率| > 在更广泛的金融文献中提出的3也应用于博彩市场研究。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Efficient Spread Betting Markets: A Literature Review

Are simple trading strategies profitable? It is a question that has been on the minds of academics and practitioners for decades. In this paper, we review the longstanding literature on trading strategies in spread betting (also known as handicap betting), a popular sports betting microstructure. We review over 600 strategy implementations and find that market efficiency and systematic misperceptions are not mutually exclusive per se. Predictable glitches occur, but they are too small to be profitably exploited which is consistent with efficient markets. Furthermore, while controlling for data mining issues is becoming mainstream in finance, it has not yet made its way into this literature. We provide evidence that the hurdle rate of |z| > 3 which has been put forward in the broader finance literature should also be used in betting market research.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.