Featured Research

from universities, journals, and other organizations

Half-time gamblers give stock market insight

Date:
October 8, 2010
Source:
Institute of Physics
Summary:
Computer-modeled comparison of online football gamblers' behavior during play and during half-time shows distinct real-time differences, raising the question: What motivates betting behavior when play is not underway?

Computer-modelled comparison of online football gamblers' behaviour during play and during half-time shows distinct real-time differences, raising the question: What motivates betting behaviour when play is not underway?

Related Articles


Research published Oct. 7, 2010, in New Journal of Physics, details how researchers from Trinity College Dublin have analysed data and identified betting trends during the 2007-08 Champions' League Tournament.

Using a complete dataset from Betfair.com, drawn from bets made during every game of the Tournament, the researchers have identified changes in the market odds which reflect real-time match events. The market odds are seen to fluctuate in response to events occurring on the pitch such as goals scored.

However, comparing the behaviour of Betfair.com gamblers to traders on the stock market, the researchers were particularly interested to analyse the activity of gamblers during half-time.

Of interest, because, unlike any moment on the stock market, football gamblers are (more often than not) free of news from the game during half-time. Gamblers are left to their own devices which, the researchers suggest, is akin to identifying the complex interactions of stock market traders.

Stephen Hardiman from the School of Physics at Trinity College Dublin, says, "Such a clear elimination of external news influences would be difficult to achieve in the case of stock market prices or foreign exchange rates."

The researchers show that even during half-time, market fluctuations persist and exhibit, what economists call, 'long-range volatility correlations'. They also find that there is more trading on outcomes which have small odds, suggesting gamblers are more inclined to trade bets on the favourite to win.

"One might assume that memory of a team's past glories, media speculation over the health of key players, or just an overwhelming desire to see your own team win could bias a gambler's judgment.

"Gambling markets and financial markets have much in common, but possess unique differences. What we learn from gamblers may provide insight into the equally complex world of finance."


Story Source:

The above story is based on materials provided by Institute of Physics. Note: Materials may be edited for content and length.


Journal Reference:

  1. Stephen J Hardiman, Peter Richmond, Stefan Hutzler. Long-range correlations in an online betting exchange for a football tournament. New Journal of Physics, 2010; DOI: 10.1088/1367-2630/12/10/105001

Cite This Page:

Institute of Physics. "Half-time gamblers give stock market insight." ScienceDaily. ScienceDaily, 8 October 2010. <www.sciencedaily.com/releases/2010/10/101007092703.htm>.
Institute of Physics. (2010, October 8). Half-time gamblers give stock market insight. ScienceDaily. Retrieved January 25, 2015 from www.sciencedaily.com/releases/2010/10/101007092703.htm
Institute of Physics. "Half-time gamblers give stock market insight." ScienceDaily. www.sciencedaily.com/releases/2010/10/101007092703.htm (accessed January 25, 2015).

Share This


More From ScienceDaily



More Computers & Math News

Sunday, January 25, 2015

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

No, A Google Exec Did Not Predict An Internet Apocalypse

No, A Google Exec Did Not Predict An Internet Apocalypse

Newsy (Jan. 24, 2015) — Earlier this week, a Google exec made headlines for saying "the Internet will disappear," but that doesn&apos;t quite mean what it sounds like. Video provided by Newsy
Powered by NewsLook.com
Tim Cook Made 8 Times Less Than Another Apple Exec In 2014

Tim Cook Made 8 Times Less Than Another Apple Exec In 2014

Newsy (Jan. 23, 2015) — Tim Cook&apos;s total compensation more than doubled in 2014 to $9.2 million, but his pay was still less than four other Apple executives. Video provided by Newsy
Powered by NewsLook.com
Smart Wristband to Shock Away Bad Habits

Smart Wristband to Shock Away Bad Habits

Reuters - Innovations Video Online (Jan. 23, 2015) — A Boston start-up is developing a wristband they say will help users break bad habits by jolting them with an electric shock. Ben Gruber reports. Video provided by Reuters
Powered by NewsLook.com
NTSB: Missing Planes' Black Boxes Should Transmit Wirelessly

NTSB: Missing Planes' Black Boxes Should Transmit Wirelessly

Newsy (Jan. 23, 2015) — In light of high-profile plane disappearances in the past year, the NTSB has called for changes to make finding missing aircraft easier. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:  

Breaking News:

Strange & Offbeat Stories

 

Space & Time

Matter & Energy

Computers & Math

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:  

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile iPhone Android Web
Follow Facebook Twitter Google+
Subscribe RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins