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ONLINE SPORTS GAMBLING: A LOOK INTO THE EFFICIENCY OF BOOKMAKERS’ ODDS AS FORECASTS IN THE CASE OF ENGLISH PREMIER LEAGUE By: Jasmine Siwei Xu Thesis Advisor: Professor Roger Craine Undergraduate Economics Honor Thesis University of California, Berkeley May 2011 Acknowledgement: I would like to thank Professor Roger Craine for his advice and guidance in completing this Undergraduate Honors Thesis. I would also like to thank Mr. James Church for assisting me in finding data.

ONLINE SPORTS GAMBLING: A LOOK INTO THE EFFICIENCY OF BOOKMAKERS… · 2012-10-19 · The betting market consists of bookmakers, who offer certain odds for the outcomes of uncertain

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