Prediction accuracy of different market structures — bookmakers versus a betting exchange

Sports forecasting: a comparison of the

Sports forecasting: a comparison of the forecast accuracy of prediction markets, betting odds and tipsters

✍ Martin Spann; Bernd Skiera 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 140 KB

## Abstract This article compares the forecast accuracy of different methods, namely prediction markets, tipsters and betting odds, and assesses the ability of prediction markets and tipsters to generate profits systematically in a betting market. We present the results of an empirical study that u