Aarhus University Seal

Sports Gambling as a Financial Market

This course is aimed at students that are interested in learning more about financial markets and sports gambling. We will cover investing and betting terminology, principles, and strategies. We will also look at the similarities between sports betting and investing in the market. The course will involve using current, real world data involving actual betting lines, and other investment instruments. The aim of the course is to help you develop your knowledge and skills to make informed financial and betting decisions.

We will examine the role of oddsmakers, linesmakers, and professional bettors, and explore both  the market based and quantitative signals that they use. We will also examine the evolving global policy landscape concerning issues related to wagering. Finally, we will study the emerging phenomenon of “prediction markets,” and their unique blend of wagering markets with more traditional financial markets.

Topics will include the following:

  • The Mathematics of Gambling
  • Odds, Lines, and pricing;
  • Pre-game vs. in-game wagering
  • Different types of gambling markets
  • Quantitative modeling of wagers
  • Differences between sportsbooks and prediction markets
  • Derivate and Proposition bets;
  • Data gathering in gambling markets;
  • Policy issues in gambling markets 
  • Differing regulations in gambling markets

Exam info and full course description

Exam info and full course description can be found in the course catalogue.

Requirements for taking the exam

In order to participate in the exam, there is an 11 days attendance requirement

Admission Requirements

Course specific:

To apply for the course you must either be enrolled in a bachelor's degree, have a bachelor's degree or have passed a qualifying entry examination.

It is required that students have completed courses in: Microeconomics and Business Statistics

General:

Exchange Students: nomination from your home university

Freemovers: documentation for English Language proficiency

You can read more about the admission here.

Lecturer

James Francisco

jim.francisco@gmail.com

Academic profile

James Francisco is Associate Professor and the Chair of Department at the department of Economics at Auburn University Montgomery.

He obtained his Bachelors in Economics and Spanish from the university of Auburn in 2002, and his Masters from the University of Texas School of Law in 2005. He wrote his doctorate in Applied Economics at the University of Auburn.