markets and efficiency in tennis scandal.

Discussion in 'Economics' started by gaj, Aug 12, 2007.

  1. gaj


    in a nutshell: betfair is a gambling company. davydenko (#4) was playing #87 guy. tons of action on the book before the match on #87. after #4 won the first set, tons MORE action went on #87 - basically, as if #4 had lost the first set.

    he then lost the second set, and quit midway in the third citing a foot injury.

    betfair was on the case WHILE THE MATCH WAS GOING ON, and was contacting people about it in the second set.,0,5471633.story?coll=la-home-sports