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• W2316236784 endingPage "2053" @default.
• W2316236784 startingPage "2037" @default.
• W2316236784 abstract "ABSTRACTWe demonstrate that there is a considerable variation in bookmaker margins across matches, time and bookmakers. Our results imply that using match, tournament and players’ characteristics explains the variations in margins hence, they can be helpful in managing intermediation cost in a market of state-contingent assets: fixed-odds betting markets. We also provide evidence that bookmakers protect themselves by increasing odds on the favourite player, thus attracting more bettors to the favourite player, while deterring bettors from betting on the underdog by reducing the odds. By that process, bookmakers are possibly sacrificing a portion of their margin." @default.
• W2316236784 created "2016-06-24" @default.
• W2316236784 creator A5012277585 @default.
• W2316236784 creator A5078737286 @default.
• W2316236784 date "2015-11-16" @default.
• W2316236784 modified "2023-10-12" @default.
• W2316236784 title "What drives intermediation costs? A case of tennis betting market" @default.
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• W2316236784 doi "https://doi.org/10.1080/00036846.2015.1111993" @default.
• W2316236784 hasPublicationYear "2015" @default.
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