Have Betting Exchanges Corrupted Horse Racing?

Brown, Alasdair and Yang, Fuyu (2017) Have Betting Exchanges Corrupted Horse Racing? Journal of Sports Economics, 18 (7). pp. 673-697. ISSN 1527-0025

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    Betting exchanges allow punters to bet on a horse to lose a race. This, many argue, has opened up the sport to a new form of corruption, where races will be deliberately lost in order to profit from betting. We examine whether anecdotal evidence of the fixing of horses to lose—of which there are many examples—is indicative of wider corruption. Following a “forensic economics” approach, we build an asymmetric information model of exchange betting and take it to betting data on 9,560 races run in 2013/2014. We find no evidence of the widespread corruption of horse racing by the betting exchanges.

    Item Type: Article
    Uncontrolled Keywords: corruption,horse racing,betting exchanges,asymmetric information
    Faculty \ School: Faculty of Social Sciences > School of Economics
    Depositing User: Pure Connector
    Date Deposited: 28 Jan 2016 13:06
    Last Modified: 06 Nov 2018 15:43
    URI: https://ueaeprints.uea.ac.uk/id/eprint/56841
    DOI: 10.1177/1527002515595267

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