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 November 23, 2014 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 November 23, 2014).

Share This


More From ScienceDaily



More Computers & Math News

Sunday, November 23, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

European Parliament Might Call For Google's Break-Up

European Parliament Might Call For Google's Break-Up

Newsy (Nov. 22, 2014) This is the latest development in an antitrust investigation accusing Google of unfairly prioritizing own products and services in search results. Video provided by Newsy
Powered by NewsLook.com
Google Announces Improvements To Balloon-Borne Wi-Fi Project

Google Announces Improvements To Balloon-Borne Wi-Fi Project

Newsy (Nov. 21, 2014) In a blog post, Google said its balloons have traveled 3 million kilometers since the start of Project Loon. Video provided by Newsy
Powered by NewsLook.com
Is Nintendo Making A Comeback With 'Super Smash Bros.'?

Is Nintendo Making A Comeback With 'Super Smash Bros.'?

Newsy (Nov. 21, 2014) Nintendo released new "Super Smash Bros." Friday, and it's getting great reviews. Could this mean a comeback for the gaming company? Video provided by Newsy
Powered by NewsLook.com
NSA Director: China Can Damage US Power Grid

NSA Director: China Can Damage US Power Grid

AP (Nov. 20, 2014) China and "one or two" other countries are capable of mounting cyberattacks that would shut down the electric grid and other critical systems in parts of the United States, according to Adm. Michael Rogers, director of the National Security Agency and hea Video provided by AP
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